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Rents, Technical Change, and Risk Premia : Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares

Caballero, Ricardo J. - 2017

The secular decline in safe interest rates since the early 1980s has been the subject of considerable attention. In this short paper, we argue that it is important to consider the evolution of safe real rates in conjunction with three other first-order macroeconomic stylized facts: the relative...

Persistent link: https://www.econbiz.de/10012963747

Rents, technical change, and risk premia : accounting for secular trends in interest rates, returns on capital, earning yields, and factor shares

Caballero, Ricardo J.; Farhi, Emmanuel; Gourinchas, … - 2017

Persistent link: https://www.econbiz.de/10011615768

Rents, technical change, and risk premia : accounting for secular trends in interest rates, returns on capital, earning yields, and factor shares

Caballero, Ricardo J.; Farhi, Emmanuel; Gourinchas, … - 2017

The secular decline in safe interest rates since the early 1980s has been the subject of considerable attention. In this short paper, we argue that it is important to consider the evolution of safe real rates in conjunction with three other first-order macroeconomic stylized facts: the relative...

Persistent link: https://www.econbiz.de/10011689324

Rents, technical change, and risk premia : accounting for secular trends in interest rates, returns on capital, earning yields, and factor shares

Caballero, Ricardo J.; Farhi, Emmanuel; Gourinchas, … - 2017

Persistent link: https://www.econbiz.de/10011636255

Rents, technical change, and risk premia accounting for secular trends in interest rates, returns on capital, earning yields, and factor shares

Caballero, Ricardo J.; Farhi, Emmanuel; Gourinchas, … - In: The American economic review 107 (2017) 5, pp. 614-620

Persistent link: https://www.econbiz.de/10011786219

Rents, Technical Change, and Risk Premia : Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares

Caballero, Ricardo J. - 2017

The secular decline in safe interest rates since the early 1980s has been the subject of considerable attention. In this short paper, we argue that it is important to consider the evolution of safe real rates in conjunction with three other first-order macroeconomic stylized facts: the relative...

Persistent link: https://www.econbiz.de/10012455554

The consumption risk of the stock market

Parker, Jonathan A. - In: Brookings papers on economic activity : BPEA (2001) 2, pp. 279-333, 344-348

Persistent link: https://www.econbiz.de/10001662630

Consumption risk and expected stock returns

Parker, Jonathan A. - 2003

Persistent link: https://www.econbiz.de/10001744325

Luxury goods and the equity premium

Aït-Sahalia, Yacine; Parker, Jonathan A.; Yogo, Motohiro - In: The journal of finance : the journal of the American … 59 (2004) 6, pp. 2959-3004

Persistent link: https://www.econbiz.de/10002504180

Optimal beliefs, asset prices and the preference for skewed returns

Brunnermeier, Markus Konrad; Gollier, Christian; … - 2007

Persistent link: https://www.econbiz.de/10003444230

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