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- W2014718260 abstract "Abstract The equity premium arises from the interaction between the atemporal risk premium for equity, the risk-free rate of intertemporal substitution and the impact of risk on the precautionary motive for saving. Depending on parameter values, the equity premium may either be increased or reduced by the presence of undiversifiable background risk." @default.
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- W2014718260 date "2000-10-01" @default.
- W2014718260 modified "2023-09-26" @default.
- W2014718260 title "The interaction between the equity premium and the risk-free rate" @default.
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- W2014718260 doi "https://doi.org/10.1016/s0165-1765(00)00280-9" @default.
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