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- W2766464025 abstract "Two problems in estimating the expected real return on the market are dealt with: (1) the absence of reliable real data, (2) the absence of observations of market (i.e., economy-wide) returns. By combining financial and monetary theory, a general equilibrium model is constructed, both in a single-economy and a multi-economy setting, which indicate the variables to be used to avoid the estimation problems: (1) nominal stock index returns, (2) money supply data, (3) foreign exchange rate data. ..." @default.
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- W2766464025 date "1985-05-01" @default.
- W2766464025 modified "2023-09-24" @default.
- W2766464025 title "On Estimating the Expected Real Return on the Market in a General Equilibrium Framework - eScholarship" @default.
- W2766464025 hasPublicationYear "1985" @default.
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