An edition of A test of the intertemporal asset pricing model
(1982)
A test of the intertemporal asset pricing model
Rev.
by Rajnish Mehra
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"Restrictions that general equilibrium theory place upon average returns are found to be strongly violated by the U.S. data in the 1889-1978 period. This result is robust to model specification and measurement problems. We conclude that equilibrium models which are not Arrow-Debreu economies are needed to rationalize the large average equity premium that prevailed during the last 90 years"--Federal Reserve Bank of Minneapolis web site.
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A test of the intertemporal asset pricing model
1982, Federal Reserve Bank of Minneapolis
electronic resource /
in English
- Rev.
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Edition Notes
Title from PDF file as viewed on 10/26/2007.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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| December 19, 2020 | Created by MARC Bot | import new book |