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The declining equity premium : what role does macroeconomic risk play?

Lettau, Martin; Ludvigson, Sydney C.; Wachter, Jessica - In: The review of financial studies 21 (2008) 4, pp. 1653-1687

Persistent link: https://www.econbiz.de/10003765316

The declining equity premium : what role does macroeconomic risk play?

Lettau, Martin; Ludvigson, Sydney C.; Wachter, Jessica - 2006

Persistent link: https://www.econbiz.de/10003310560

The declining equity premium : what role does macroeconomic risk play?

Lettau, Martin (contributor); … - 2004 - rev

Persistent link: https://www.econbiz.de/10003229588

Time-varying risk premia and the cost of capital : an alternative implication of the Q theory of investment

Lettau, Martin; Ludvigson, Sydney C. - In: Journal of monetary economics 49 (2002) 1, pp. 31-66

Persistent link: https://www.econbiz.de/10001641074

The declining equity premium : what role does macroeconomic risk play?

Lettau, Martin; Ludvigson, Sydney C.; Wachter, Jessica - 2004

Persistent link: https://www.econbiz.de/10001927181

The Declining Equity Premium : What Role Does Macroeconomic Risk Play?

Lettau, Martin - 2004

Aggregate stock prices, relative to virtually any indicator of fundamental value, soared to unprecedented levels in the 1990s. Even today, after the market declines since 2000, they remain well above historical norms. Why? We consider one particular explanation: a fall in macroeconomic risk, or...

Persistent link: https://www.econbiz.de/10012468423