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Average debt and equity returns: puzzling?
McGrattan, Ellen R.; Prescott, Edward C. - 2003
"Mehra and Prescott (1985) found the difference between average equity and debt returns puzzling because it was too large to be a premium for bearing nondiversifiable aggregate risk. Here, we re-examine this puzzle, taking into account some factors ignored by Mehra and Prescott--taxes,...
Persistent link: https://www.econbiz.de/10001729063
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Does neoclassical theory account for the effects of big fiscal shocks? : Evidence from World War II
McGrattan, Ellen R.; Ohanian, Lee E. - 2003
shocks. This paper reassesses this view. We test the theory using data from World War II, which is by far the largest fiscal … shock in the history of the United States. We take observed changes in fiscal policy during the war as inputs into a …
Persistent link: https://www.econbiz.de/10001735103
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Taxes, regulations, and the value of US and UK corporations
McGrattan, Ellen R.; Prescott, Edward C. - 2003 - Rev
Persistent link: https://www.econbiz.de/10002112893
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Business cycle accounting
Chari, Varadarajan V. (contributor);  … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001717170
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Accounting for the Great Depression
Chari, Varadarajan V. (contributor);  … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001652551
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Taxes, regulations and asset prices
McGrattan, Ellen R.; Prescott, Edward C. - 2001
Persistent link: https://www.econbiz.de/10001629116
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The stock market crash of 1929 : Irving Fisher was right!
McGrattan, Ellen R.; Prescott, Edward C. - 2001
Persistent link: https://www.econbiz.de/10001629451
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Can sticky price models generate volatile and persistent real exchange rates?
Chari, Varadarajan V.; Kehoe, Patrick J.; McGrattan, … - 2001 - Rev
Persistent link: https://www.econbiz.de/10001630667
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Can sticky price models generate volatile and persistent real exchange rates?
Chari, Varadarajan V.; Kehoe, Patrick J.; McGrattan, … - 2002 - Rev
Persistent link: https://www.econbiz.de/10001681366
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The stock market crash of 1929 : Irving Fisher was right!
McGrattan, Ellen R.; Prescott, Edward C. - 2001 - Rev.
Persistent link: https://www.econbiz.de/10001640908