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Asset Pricing Lessons for Modeling Business Cycles

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  • Boldrin, M.
  • Christiano, L.J.
  • Fisher, J.D.M.

Abstract

We develop a model which accounts for the observed equity premium and average risk free rate, without implying counterfactually high risk aversion. The model also does well in accounting for business cycle phenomena.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Boldrin, M. & Christiano, L.J. & Fisher, J.D.M., 1995. "Asset Pricing Lessons for Modeling Business Cycles," University of Western Ontario, Departmental Research Report Series 9513, University of Western Ontario, Department of Economics.
    • Handle: RePEc:uwo:uwowop:9513
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    File URL: https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1453&context=economicsresrpt
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    References listed on IDEAS

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    More about this item

    Keywords

    BUSINESS CYCLES; ECONOMIC MODELS;

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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