Construct · 1 fields · 1 citations

risk-free rate puzzle: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
risk-freerate puzzle1 CONSTRUCTRisk-free rate puzzleWEIL · ASSET PRICING

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Asset pricing

the finding that standard consumption-based models, calibrated to match the equity premium, imply real interest rates far higher than those observed.

In asset pricing, risk-free rate puzzle refers to the finding that standard consumption-based models, calibrated to match the equity premium, imply real interest rates far higher than those observed. This meaning comes from Weil (1989) in Journal of Monetary Economics.[1]

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Nearby constructs

asset2 fields · 2 citationsjingle · one word, two constructsequity premium puzzle1 fields · 2 citationsanchor · a standalone constructequity4 fields · 4 citationsjingle · one word, four constructs

References

  1. Weil, P. (1989). The equity premium puzzle and the risk-free rate puzzle. Journal of Monetary Economics, 24(3), 401-421. https://doi.org/10.1016/0304-3932(89)90028-7

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