Article: CHINA OKAYS EQUITY PREMIUM SCHEME OF STATE-OWNED LISTED FIRMS.

The structural break in the equity premium.(stock returns)
Journal of Business & Economic Statistics;  April 1, 2005 ;     700+ words ... ... test for structural breaks in the equity premium. The analysis favors a model that relates the equity premium to Markov-switching changes in ... one-time structural break in the equity premium in the 1940s, with no evidence of ...

The Declining U.S. Equity Premium [*].
Federal Reserve Bank of Minneapolis Quarterly Review;  September 22, 2000 ;     700+ words ... ... predictable returns. Estimates of this equity premium in the United States average around ... The historical size of the U.S. equity premium has puzzled economists since the mid ... has not been able to account for an equity premium as large as 4 percentage points; with ...

Article: The equity premium puzzle.
Investors Chronicle - magazine and web content;  July 13, 2009 ;     700+ words ... ... figures seem to suggest the long-run equity premium has indeed disappeared. The key date ... compared to gilts' 5.3 per cent. The equity premium of 0.1 percentage points, has been ... if my aunt had wheels ... ) the equity premium would only have been 1.1 percentage ...

Article: Habit formation as a resolution to the equity ...
Southern Economic Journal;  April 1, 1993 ;     700+ words ... ... statistic: the theoretical expected equity premium (the yield differential between stocks ... used. They called the mismatch "the equity premium puzzle". To improve the performance ... Constantinides |1~ argued that the equity premium puzzle can be resolved through the ...

Article: Research Update: The equity premium: Different ...
epn: European Pensions & Investment News;  April 28, 2003 ;     700+ words ... ... markets, the debate on the nature of the equity premium is no longer a mere academic discussion ... our best estimate of the ex ante equity premium can be grasped by calculating historical ... returns. The second is try to derive the equity premium in a theoretical fashion, as the size ...

Article: The properties of the equity premium and the ...
IMF Staff Papers;  July 1, 2003 ;     700+ words ...The historical magnitude of the equity premium and of the average real risk-free ... movements in stock returns (and the equity premium) over time. Since the seminal work ... 1999), the relationship between the equity premium and the risk-free rate has been documented ...

Article: Model misspecification, the equilibrium natural interest rate, ...
Journal of Money, Credit & Banking;  October 1, 2009 ;     700+ words ... ... Prescott (1985), analyses of the equity premium and the risk-free real interest rate ... a positive correlation between the equity premium and inflation over the medium term ... affect the natural interest rate and the equity premium. I allow for differences in the degree ...