The market price of risk and the equity premium: A legacy of the Great Depression?

Keyphrases

• Attitude to Risk 33%
• Bayes Theorem 33%
• Data Market 33%
• Economic Instability 33%
• Excess Stock Returns 33%
• Great Depression 100%
• High Prices 33%
• Market Risk 100%
• Monetary History 33%
• Multiplicative Components 33%
• Price of Risk 33%
• Princeton 33%
• Princeton University 33%
• Rational Expectations 66%
• Representative Consumer 66%
• Risk Premium 100%
• Schwartz 33%
• Sharpe Ratio 33%
• Stochastic Discount Factor 33%
• Subjective Attitude 33%
• United States 33%

Social Sciences

• Financial Market 33%
• Market Price 100%
• Pessimism 100%
• Stochastics 33%

Economics, Econometrics and Finance

• Capital Market Returns 33%
• Financial Market 33%
• Monetary History 33%
• Rational Expectation 66%
• Risk Premium 100%