• No results found

Equity premium estimates from economic fundamentals under structural breaks

N/A
N/A
Protected

Academic year: 2020

Share "Equity premium estimates from economic fundamentals under structural breaks"

Copied!
36
0
0

Loading.... (view fulltext now)

Full text

Loading

Figure

Table 1: Hyperparameter Values.ACCEPTED MANUSCRIPT This table displays the specified hyperparameter values for each of thepriors of the model used to estimate the equity premium with realised excess returns (Real), the dividend growthmodel (Div), and the ea
Table 3: Means of the Growth Rates of Dividends and Earnings
Figure 1: This Figure displays the posterior model probabilities (top panel) and the posterior break dates (bottompanel) for the sample 1871 to 2013 when estimating the equity premium using the realised excess return series andthe hyperparameters set out in Table 1.
Figure 2: This figure graphs the dividend-price ratio from 1871 to 2013 (top panel) and the earnings-price ratio from1952 to 2013 (bottom panel)
+5

References

Related documents

Sachin Dubey1, Reena Rani2, Saroj Kumari3, Neelam Sharma," VLSI Implementation Of Fast Addition Using Quaternary Signed Digit Number System", IEEE International

Ten years into the reign of Thorin the First, son of Thráin the Old, the King resolved to remove the royal house of Durin’s folk from Erebor to abide in the Grey Mountains.. At the

This study reveals some significant points: (1) The pattern of interaction between the family of former terrorists convict and surrounding communities can be

While authors of several of the qualitative studies raised the issue of the effect of anti-smoking public health campaigns on patient or health professional stigma and

Tests showed that while for older datasets ground control points have to be used to estimate boresight angles, for the newer dataset orthorectification and DSM

Sensitivity analysis was performed on the lower cut-off voltages to differentiate scar area for three types of catheters (Thermocool, Pentaray, and Orion) with three orientations

• The development of a model named the image based feature space (IBFS) model for linking image regions or segments with text labels, as well as for automatic image

In particular, a rather large binding site surface, different from the typical enzymatic pockets on which most of the current docking methods have been trained (Warren,