Auflistung LIF-SAFE Working Papers nach Schlagwort "equity premium"

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    • Asset Pricing in OLG Economies With Borrowing Constraints and Idiosyncratic Income Risk 

      Harenberg, Daniel (2018-09-17)
      This paper analyzes how the combination of borrowing constraints and idiosyncratic risk affects the equity premium in an overlapping generations economy. I find that introducing a zero-borrowing constraint in an economy ...

    • Secular Stagnation? Growth, Asset Returns and Welfare in the Next Decades: First Results 

      Geppert, Christian; Ludwig, Alexander; Abiry, Raphael (2016-09-08)
      Ongoing demographic change will lead to a relative scarcity of raw labor to the effect that output growth will be decreasing in the next decades, a secular stagnation. As physical capital will be relatively abundant, this ...

    • The FOMC Risk Shift 

      Kroencke, Tim-Alexander; Schmeling, Maik; Schrimpf, Andreas (2021-01-27)
      We identify a component of monetary policy news that is extracted from high-frequency changes in risky asset prices. These surprises, which we call “risk shifts”, are uncorrelated, and therefore complementary, to risk-free ...