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Finite horizons, human wealth, and the risk-free rate puzzle

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  • Mello, Marcelo
  • Guimaraes-Filho, Roberto

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  • Mello, Marcelo & Guimaraes-Filho, Roberto, 2004. "Finite horizons, human wealth, and the risk-free rate puzzle," Economics Letters, Elsevier, vol. 85(2), pages 265-270, November.
    • Handle: RePEc:eee:ecolet:v:85:y:2004:i:2:p:265-270
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    References listed on IDEAS

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    1. Weil, Philippe, 1989. "The equity premium puzzle and the risk-free rate puzzle," Journal of Monetary Economics, Elsevier, vol. 24(3), pages 401-421, November.
    2. Obstfeld, Maurice, 1994. "Risk-Taking, Global Diversification, and Growth," American Economic Review, American Economic Association, vol. 84(5), pages 1310-1329, December.
    3. Merton, Robert C., 1971. "Optimum consumption and portfolio rules in a continuous-time model," Journal of Economic Theory, Elsevier, vol. 3(4), pages 373-413, December.
    4. Blanchard, Olivier J, 1985. "Debt, Deficits, and Finite Horizons," Journal of Political Economy, University of Chicago Press, vol. 93(2), pages 223-247, April.
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    Cited by:

    1. Xiaoyong Cui & Liutang Gong, 2015. "The Risk-Free Rate In A Finite Horizon Model With Bequests," Bulletin of Economic Research, Wiley Blackwell, vol. 67(2), pages 105-114, April.

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