Commodity Markets, Long-Run Predictability, and Intertemporal Pricing
نویسندگان
چکیده
منابع مشابه
Long-Run Risks and Financial Markets
The recently developed long-run risks asset pricing model shows that concerns about long-run expected growth and time-varying uncertainty (i.e., volatility) about future economic prospects drive asset prices. These two channels of economic risks can account for the risk premia and asset price fluctuations. In addition, the model can empirically account for the cross-sectional differences in ass...
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ژورنال
عنوان ژورنال: Review of Finance
سال: 2016
ISSN: 1572-3097,1573-692X
DOI: 10.1093/rof/rfw034