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The study reveals that France's history with growth-contingent bonds shows the equity premium isn't just compensation for GDP risk, as it persists even when hedged against GDP changes.

Featured in No. 69 on 9 Oct 2024 · 38 days after release

Released
1 Sep 2024
First featured
No. 69 · 9 Oct 2024
Published in
Not yet, as far as Semantic Scholar knows
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2
Identifier
SSRN 4979418

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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