Rethinking the Equity Risk Premium
In 2001, a small group of academics and practitioners met to discuss the equity risk premium. Ten years later, in 2011, a similar discussion took place, with participants writing up their thoughts for this volume. The result is a rich set of papers that practitioners may find useful in developing their own approach to the subject. The research and observations in this volume have a number of implications for investment practice and theory.
Table of Contents
Rethinking the Equity Risk Premium: An Overview and Some New Ideas
The Equity Risk Premium
Reflections After the 2011 Equity Risk Premium Colloquium
Equity Premiums Around the World
Equity Risk Premium Myths
Time Variation in the Equity Risk Premium
Will Bonds Outperform Stocks over the Long Run? Not Likely
Price-to-Earnings Ratios: Growth and Discount Rates
Long-Term Stock Returns Unshaken by Bear Markets
The Equity Premium Puzzle Revisited