Business-cycle pattern of asset returns: a general equilibrium explanation
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DOI: 10.1007/s10436-019-00347-y
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More about this item
Keywords
Counter-cyclical variation; Capital accumulation; Decreasing returns to capital; Overlapping-generation model;All these keywords.
JEL classification:
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
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