Chantapacdepong, Pornpinun (contributor) - 2007
show
that the risk premia are signi…cantly a¤ected by macroeconomic circum-
stances, especially economic growth and the … signi…cantly a¤ected by macroeconomic circumstances,
especially economic growth and the real e¤ective exchange rate. The … model is that it
2
provides microeconomics foundations by measuring the response of risk averse
economic agents to …