Listagem FGV EPGE - Seminários de Pesquisa Econômica por Assunto "Risco (Economia) - Modelos econométricos"

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The forward and the equity premium puzzles: two symptoms of the same illness?

Costa, Carlos Eugênio da
2006-05-25

The Forward Premium Puzzle (FPP) is how the empirical observation of a negative relation between future changes in the spot rates and the forward premium is known. Modeling this forward bias as a risk premium and under ...