ListarArtículos y otros documentos de investigación por tema "Aversión al riesgo"
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On the sources of the aggregate risk premium: Risk aversion, bubbles or regime-switching?
(Journal of Economic Dynamics & Control (e-ISSN: 1879-1743), 2024-07)We develop and estimate a consumption-based asset pricing model that uses historical US financial data and assumes recursive utility, allowing for priced regime-switching risk and intrinsic bubbles. We also estimate ...