The implications of first-order risk aversion for asset market risk premiums

Journal of Monetary Economics

Volumn 40, Issue 1, 1997, Pages 3-39

  Bekaert, Geert ^a,b   Hodrick, Robert J ^b,c   Marshall, David A ^d  

^a STANFORD UNIVERSITY   (United States)

^b NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

^c Och Spine at New York Presbyterian Hospitals   (United States)

^d FEDERAL RESERVE BANK OF CHICAGO   (United States)

Author keywords

Asset prices; Exchange rates; First order risk aversion; General equilibrium

Indexed keywords

EID: 0031236501     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-3932(97)00037-8     Document Type: Article

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