๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

The Role of Debt and Equity Finance Over the Business Cycle

โœ Scribed by Francisco Covas; Wouter J. Den Haan


Book ID
117953077
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
387 KB
Volume
122
Category
Article
ISSN
0013-0133

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## Abstract This paper explores the effects of the US business cycle on US stock market returns through an analysis of the equity risk premium. We propose a new methodology based on the SDF approach to asset pricing that allows us to uncover the different effects of aggregate demand and supply shoc