Arbeitspapier
The equity risk premium: A review of models
We estimate the equity risk premium (ERP) by combining information from twenty models. The ERP in 2012 and 2013 reached heightened levels - of around 12 percent - not seen since the 1970s. We conclude that the high ERP was caused by unusually low Treasury yields.
- Language
-
Englisch
- Bibliographic citation
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Series: Staff Report ; No. 714
- Classification
-
Wirtschaft
Financial Econometrics
Financial Economics: General
Asset Pricing; Trading Volume; Bond Interest Rates
Financial Forecasting and Simulation
- Subject
-
equity premium
stock returns
- Event
-
Geistige Schöpfung
- (who)
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Duarte, Fernando
Rosa, Carlo
- Event
-
Veröffentlichung
- (who)
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Federal Reserve Bank of New York
- (where)
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New York, NY
- (when)
-
2015
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Duarte, Fernando
- Rosa, Carlo
- Federal Reserve Bank of New York
Time of origin
- 2015
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