Equity Premium Puzzle

In course

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Description

This lecture delves into the Equity Premium Puzzle, analyzing the relationship between consumption growth, stock returns, and risk aversion. It explores the implications of CRRA utility and habit formation in consumption, shedding light on the macrofinance concepts behind the puzzle.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_ii24255z

About this result

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Ontological neighbourhood

Business

Finance: Investment management, Corporate finance

Economics

Microeconomics: Financial economics

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