Equity-premium puzzle: evidence from Brazilian data
This paper uses 1992:1-2004:2 quarterly data and two different methods (approximation under lognormality and calibration) to evaluate the existence of an equity-premium puzzle in Brazil. In contrast with some previous works in the Brazilian literature, I conclude that the model used by Mehra and Pre...
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| Format: | Article |
| Language: | Portuguese |
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Universidade de São Paulo
2006-06-01
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| Series: | Economia Aplicada |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1413-80502006000200001 |