Forecasting the equity premium: Where we stand today
成果类型:
Editorial Material
署名作者:
Spiegel, Matthew
署名单位:
Yale University
刊物名称:
REVIEW OF FINANCIAL STUDIES
ISSN/ISSBN:
0893-9454
DOI:
10.1093/rfs/hhn069
发表日期:
2008
页码:
1453
关键词:
摘要:
The Review of Financial Studies has among its missions the facilitation and promotion of a vigorous academic debate across unsettled questions in finance. This issue represents a cross section of views regarding one such debate: Can ourempirical models accurately forecast the equity premium any better than the historical mean ? Or, is the forecast our empirical models give us any more accurate than what we would get by simply using the historical mean ?
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