Equity Risk Premium Essays and Explorations

Name: Equity Risk Premium Essays and Explorations
Price: 5.7 USD
Availability: InStock
ISBN: 9780195148145

ISBN-10: 0195148142

ISBN-13: 9780195148145

Edition: 2004

Authors: William N. Goetzmann, Roger G. Ibbotson

List price: $140.00

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What is the return to investing in the stock market? Can we predict future stock market returns? How have equities performed over the last two centuries? The authors in this volume are among the leading researchers in the study of these questions. This book draws upon their research on the stock market over the past two dozen years. It contains their major research articles on the equity risk premium and new contributions on measuring, forecasting, and timing stock market returns, together with new interpretive essays that explore critical issues and new research on the topic of stock market investing. This book is aimed at all readers interested in understanding the empirical basis for…

Book details

List price: $140.00
Copyright year: 2004
Publisher: Oxford University Press, Incorporated
Publication date: 11/16/2006
Binding: Hardcover
Pages: 576
Size: 9.29" wide x 5.98" long x 1.30" tall
Weight: 2.024



Contributors


Introduction: Opening Remarks and Motivation



The Lessons of History



History and the Equity Risk Premium



Stocks, Bonds, Bills, and Inflation: Year-by-Year Historical Returns (1926-1974)



A New Historical Database for the NYSE 1815 to 1925: Performance and Predictability



The United States Market Wealth Portfolio



World Wealth: U.S. and Foreign Market Values and Returns



Demand, Supply, and Building Block Forecasting Methods



How to Forecast Long-Run Asset Returns



The Demand for Capital Market Returns: A New Equilibrium Theory



The Supply of Capital Market Returns



Building the Future from the Past



Long-Run Stock Returns: Participating in the Real Economy



Simulating and Forecasting



Stocks, Bonds, Bills, and Inflation: Simulations of the Future (1976-2000)



Predictions of the Past and Forecasts for the Future: 1976-2025



Short-Horizon Inputs and Long-Horizon Portfolio Choice



Survivorship and Selection Bias



Survival



Survivorship Bias in Performance Studies



Global Stock Markets in the 20th Century



Re-Emerging Markets



Predicting Variations



The Dow Theory: William Peter Hamilton's Track Record Reconsidered



Patterns in Three Centuries of Stock Market Prices



Bootstrapping Tests of Long-Term Stock Market Efficiency



Testing the Predictive Power of Dividend Yields



A Longer Look at Dividend Yields



Does Asset Allocation Policy Explain 40, 90, or 100 Percent of Performance?


Suggested Readings


Index