Can a Time-to-Plan Model explain The Equity Premium Puzzle

dc.contributor.author	Beaubrun-Diant, Kevin
dc.date.accessioned	2009-09-22T12:32:56Z
dc.date.available	2009-09-22T12:32:56Z
dc.date.issued	2005
dc.identifier.uri	https://basepub.dauphine.fr/handle/123456789/1862
dc.language.iso	en	en
dc.subject	Investment delays	en
dc.subject	Business cycle	en
dc.subject	Asset return puzzles	en
dc.subject.ddc	332	en
dc.subject.classificationjel	E2	en
dc.subject.classificationjel	G1	en
dc.title	Can a Time-to-Plan Model explain The Equity Premium Puzzle	en
dc.type	Article accepté pour publication ou publié
dc.description.abstracten	This paper proposes a quantitative evaluation of the time-to-plan technology in order to investigate up to which point this mechanism could constitute a satisfactory alternative to the well-known capital adjustment cost technology. We show that the time-to-plan mechanism reproduces a realistic risk-free rate, whilst being capable of generating a substantial equity premium. About the model's explanation of the business cycle, it turns out that the model predicts a perfectly positive and significant correlation between employment and output.	en
dc.relation.isversionofjnlname	Economics Bulletin
dc.relation.isversionofjnlvol	7	en
dc.relation.isversionofjnlissue	2	en
dc.relation.isversionofjnldate	2005
dc.relation.isversionofjnlpages	1-8	en
dc.identifier.urlsite	http://economicsbulletin.vanderbilt.edu/2005/volume7/EB-04G10006A.pdf	en
dc.description.sponsorshipprivate	oui	en
dc.relation.isversionofjnlpublisher	Vanderbilt University	en
dc.subject.ddclabel	Economie financière	en

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