7 1/2 X 9 1/4 in Rajnish Mehra (UCSB), Introduction.
1. Rajnish Mehra (UCSB) and Edward C. Prescott (Arizona State), The Equity Premium: ABCs.
2. John B. Donaldson (Columbia) and Rajnish Mehra (UCSB), Risk Ba sed Explanations of the Equity Premium.
3. Rajnish Mehra (U CSB)and Edward C. Prescott (Arizona State), Non-Risk Based Explanations of the Equity Premium.
4. Andy Abel (Wharton), Equity Premi a with Benchmark Levels of Consumption: Closed-Form Results.
5. Ravi Bansal (Duke), Long Run Risks and Risk Compensation in Equity Markets.
6. Nick Barberis (Yale) and Ming Huang (Cornell), The Loss Aversion/Narrow Framing Approach to the Stock Market Pricing an d Participation Puzzles.
7. John Cochrane (Chicago), Financ ial Markets and the Real Economy.
8. George Constantinides (Chicago), Understanding the Equity Risk Premium Puzzle.
9. Gurdip Bakshi (Maryland) and Zhiwu Chen (Yale), Cash Flow Risk and the Equity Premium Puzzle.
10. Jean-Pierre Danthine (Lausanne), John Donaldson (Columbia) and Paolo Siconolfi (Columbia)and Paolo Sicon
"How large is the equity risk premium? Is it consistent with macroeconomic fluctuations? And what are the implications for investors? These are among the most important questions in finance. While the last word certainly hasn't been written, Mehra's "Handbook of the Equity Risk Premium" provides a lucid framework for addressing these questions, reviews the empirical results, and offers a comprehensive view of current thinking about ways to approach the open issues." Bob Litterman Goldman Sachs Asset Management "Mehra and Prescott's equity premium paper was a true classic, stimulating a mountain of interesting research. This valuable book contains some of the most interesting responses, plus an introduction and a new paper by the original authors. This is financial economics at its best." Robert E. Lucas Jr. University of Chicago "The puzzle of the equity risk premium is one of the deepest conundrums of financial economics. This masterful collection put together by its discoverer lucidly displays its central position in modern finance." Stephen A. Ross Sloan School, MIT "Understanding how to interpret and capitalize on the large observed equity premium is a central task of macroeconomics and finance. This book is full of good new ideas about risk taking behavior and finance markets." Thomas Sargent NYU and the Hoover Institution, Stanford
|The Equity Premium: ABCs|
|Risk Based Explanations of the Equity Premium|
|Non-Risk Based Explanations of the Equity Premium|
|Equity Premia with Benchmark Levels of Consumption: Closed-Form Results|
|Long Run Risks and Risk Compensation in Equity Markets|
|The Loss Aversion/Narrow Framing Approach to the Stock Market Pricing and Participation Puzzles|
|Financial Markts and the Real Economy|
|Understanding the EQuity Risk Premium Puzzle|
|Can Compensation for Cash Flow Risk and Discounting Risk Reconcile the Equity Premium Puzzle: A Quantitative Analysis|
|Distribution Risk and Equity Returns|
|Global Evidence on the Equity Risk Premium|
|History and the Equity Risk Premium|
|Can Heterogeneity, Undiversifiable Risk, and Trading Frictions Explain the Equity Premium?|
|Asset Prices and Intergenerational Risk Sharing: the Role of Idiosyncratic Earnings Shocks|
|Table of Contents provided by Publisher. All Rights Reserved.|
Series: Handbooks in Finance
Number Of Pages: 634
Published: 9th November 2007
Publisher: Elsevier Science & Technology
Country of Publication: GB
Dimensions (cm): 23.5 x 19.1 x 3.73
Weight (kg): 1.24
Edition Number: 1