Asset Pricing Lessons for Modeling Business Cycles

Michele Boldrin (), Lawrence Christiano () and J.D.M. Fischer

Working Papers from Banca Italia - Servizio di Studi

Abstract: 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.

Keywords: BUSINESS CYCLES; STOCK MARKET; RISK; INFORMATION; MODELS (search for similar items in EconPapers)
JEL-codes: D80 D81 D82 E30 E32 (search for similar items in EconPapers)
Date: Written 1996
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Related works:
Working Paper: Asset Pricing Lessons for Modeling Business Cycles (1995)
Working Paper: Asset pricing lessons for modeling business cycles (1995)
Working Paper: Asset Pricing Lessons for Modeling Business Cycles (1995)
Working Paper: Asset pricing lessons for modeling business cycles (1995)
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