The equity risk premium: a review of models

We estimate the equity risk premium (ERP) by combining information from twenty models. The ERP in 2012 and 2013 reached heightened levels—of around 12 percent—not seen since the 1970s. We conclude that the high ERP was caused by unusually low Treasury yields.

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Year of publication:	2015-02-01
Authors:	Duarte, Fernando ; Rosa, Carlo
Institutions:	Federal Reserve Bank of New York
Subject:	equity premium \| stock returns

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Extent:	application/pdf
Series:	Staff Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Staff Reports Number 714 41 pages
Classification:	c58 ; G00 - Financial Economics. General ; G12 - Asset Pricing ; G17 - Financial Forecasting
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011185869