Atkeson, Andrew (contributor); Kehoe, Patrick J. (contributor) - 2008
question in the
context of a specific model depends on the specification of the other equations of the model.
However …
(logm
t+1
)
i
¶
≥ var(i
∗
t
−i
t
).(22)
Equations (21) and (22) make precise the sense in which risk premia at least as much …