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we test the existence of the Gaussian distribution of stock returns and calculate the kurtosis of several stocks at the …
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We suggest an alternative approach to testing whether stocks provide a hedge against inflation in the long run. Based …
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-price ratio of Danish stocks. The key fundamentals-variable is a time-varying discount rate, decomposed into time-varying measures … for the growth-adjusted real interest rate and the risk premium on stocks. In addition, the model includes real dividends …
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