Econometrics, economics, finance, random rants.
Econometrics, economics, finance, random rants...
Monday, June 26, 2017
Slides from SoFiE NYU Discussion
Here are the slides from my pre-conference discussion of Yang Liu's interesting paper, "Government Debt and Risk Premia", at the NYU SoFiE meeting. The key will be to see whether his result (that debt/GDP is a key driver of the equity premium) remains when he controls for expected future real activity. (See Campbell and Diebold, "Stock Returns and Expected Business Conditions: Half a Century of Direct Evidence," Journal of Business and Economic Statistics, 27, 266-278, 2009.)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.