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Essay's paper info
| Topic: |
Book Reports
|
| Number of pages / Number of words: |
29 / 8087 |
Essay's paper body
We begin our
study assuming that investors are risk-neutral, which implies that the URP does not include risk
5
ECB
Working Paper Series No. 529
September 2005
premia. Next, we relax the risk-neutrality assumption and we enrich the URP by employing
additional financial variables, which are related to the business cycle...
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529
September 2005
premia. Next, we relax the risk-neutrality assumption and we enrich the URP by employing
additional financial variables, which are related to the business cycle. We use differentials in
corporate earnings' growth rates, short-term interest rate changes, and annual inflation rates, as well
as net equity flows...
Essay fragment
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