Discussion paper DP5519 The Declining Equity Premium: What Role Does Macroeconomic Risk Play? Martin Lettau Sydney Ludvigson Jessica Wachter 22 Mar 2006 Financial Economics International Macroeconomics G12
Discussion paper DP4921 Why is Long-Horizon Equity Less Risky? A Duration-based Explanation of the Value Premium Martin Lettau Jessica Wachter 23 Feb 2005 Financial Economics G10 G12