Macroeconomic Risk and the Equity Premium
The research identifies trend-growth risk as the largest component of the equity risk premium through persistent shocks in a structural VAR, with implications depending on whether yield changes come from monetary or fiscal sources.
Featured in No. 137 on 30 Oct 2026 · on release day
- Released
- 30 Oct 2026
- First featured
- No. 137 · 30 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- SSRN 7664661
- Authors
- Cesar Garcia Perez de Leon
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).