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Original Articles

Revisiting the interest rate puzzle

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Pages 1333-1340 | Published online: 21 Sep 2009

References

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  • Cochrane , J. H. 2005b . Financial markets and the real economy, NBER Working Paper No. 11193 , Cambridge, MA : National Bureau of Economic Research, Inc .
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  • Lucas , R. E. Jr . 1978 . Asset prices in an exchange economy . Econometrica , 46 : 1929 – 46 .
  • Mehra , R. and Prescott , E. 1985 . The equity premium: a puzzle . Journal of Monetary Economics , 15 : 145 – 61 .
  • Shiller , R. J. 1982 . Consumption, asset markets and macroeconomic fluctuations, NBER Working Paper No. 838 , Cambridge, MA : National Bureau of Economic Research, Inc .
  • Weil , P. 1989 . The equity premium puzzle and the risk-free rate puzzle . Journal of Monetary Economics , 24 : 401 – 21 .

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