Crash states and the equity premium: Solving one puzzle raises another

DOI10.1016/S0165-1889(97)00088-2zbMath0905.90021MaRDI QIDQ1129185

Kevin D. Salyer

Publication date: 13 August 1998

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

zbMATH Keywords

equity premiumasset returnscrash states

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62)

Cites Work

• A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle
• Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework

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