Asset Pricing Lessons for Modeling Business Cycles.

We develop a model which accounts for the observed equity premium and average risk free rate, without implying counterfactually high risk aversion. The model also does well in accounting for business cycle phenomena.

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Year of publication:	1996
Authors:	Boldrin, M. ; Christiano, L.J. ; Fischer, J.D.M.
Institutions:	Banca d'Italia
Subject:	BUSINESS CYCLES \| STOCK MARKET \| RISK \| INFORMATION \| MODELS

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Series:	Banca Italia - Servizio di Studi.
Type of publication:	Book / Working Paper
Notes:	57 pages
Classification:	D80 - Information and Uncertainty. General ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; D82 - Asymmetric and Private Information ; E30 - Prices, Business Fluctuations, and Cycles. General ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005640901