Implications of sentiments on equity premium : case of Japan and USA
Abel (2002) showed that pessimism and doubt in the subjective distribution of the growth rate of consumption resolved the equity premium puzzle. In this paper, we use the point forecasts of output and consumption data from Japan and USA to uncover possible evidence of pessimism or optimism in these...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2018
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/73524 |
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| Institution: | Nanyang Technological University |
| Language: | English |