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Equity Risk Premium Essays and Explorations

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ISBN-10: 0195148142

ISBN-13: 9780195148145

Edition: 2004

Authors: William N. Goetzmann, Roger G. Ibbotson

List price: $94.00
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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…    
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Book details

List price: $94.00
Copyright year: 2004
Publisher: Oxford University Press, Incorporated
Publication date: 11/16/2006
Binding: Paperback
Pages: 576
Size: 9.25" wide x 9.25" long x 1.50" tall
Weight: 2.024
Language: English

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
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?
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