Campbell & Shiller 1988 RFS
本文档由 wangttian2 分享于2011-06-15 16:45
A dividend-ratio model is introduced here that makes the log of the dividend price ratio on a stock linear in optimallyforecastfuture one period real discount rates andfuture one period growth rates of real dividends. If ex post discount rates are observable, this model can be tested by using vector autoregressive methods. Four versions of the linearized model, differing in the mea..
君,已阅读到文档的结尾了呢~~