Yields vs. Equity Premium
The stock market's reaction to monetary policy surprises is primarily due to changes in the default-free term structure of yields, not equity premium changes, as per a new method using dividend futures prices.
Featured in No. 64 on 5 Sep 2024 · 1 day after release
- Released
- 4 Sep 2024
- First featured
- No. 64 · 5 Sep 2024
- Published in
- Not yet, as far as Semantic Scholar knows
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- Identifier
- SSRN 4946768
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