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)
Pages: 57 pages
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (4)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:banita:268

Access Statistics for this paper

More papers in Working Papers from Banca Italia - Servizio di Studi Banca d'Italia-Servizio Studi-Divisione Biblioteca e Pubblicazioni - Via N azionale, 91 -00184 Rome, Italy.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().