Average debt and equity returns: Puzzling?

American Economic Review

Volumn 93, Issue 2, 2003, Pages 392-397

  McGrattan, Ellen R ^a,b   Prescott, Edward C ^b,c  

^a FEDERAL RESERVE BANK OF MINNEAPOLIS   (United States)

^b UNIVERSITY OF MINNESOTA   (United States)

^c NBER ^*

Author keywords

[No Author keywords available]

Indexed keywords

EID: 2942750298     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/000282803321947407     Document Type: Conference Paper

References (12)

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4. Homer, Sidney and Sylla, Richard. A history of interest rates, 3rd Ed. New Brunswick, NJ: Rutgers University Press, 1991.
5. Ibbotson Associates. Stocks, bonds, bills, and inflation yearbook. Chicago: Ibbotson Associates, 2002.
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8. McGrattan, Ellen R. and Prescott, Edward C. "Taxes, Regulations, and the Value of U.S. Corporations: A General Equilibrium Analysis." Federal Reserve Bank of Minneapolis Staff Report No. 309, August 2002.
9. Mehra, Rajnish and Prescott, Edward C. "The Equity Premium: A Puzzle." Journal of Monetary Economics, March 1985, 75(2), pp. 145-61.
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12. U.S. Internal Revenue Service, Department of the Treasury. Statistics of income. Washington, DC: U.S. Government Printing Office, 1916-2002.