The equity premium consensus forecast revisited
| Title: | The equity premium consensus forecast revisited |
|---|---|
| Authors: | Ivo Welch; Jel Code G |
| Contributors: | The Pennsylvania State University CiteSeerX Archives |
| Source: | http://cowles.econ.yale.edu/P/cd/d13a/d1325.pdf. |
| Publication Year: | 2001 |
| Collection: | CiteSeerX |
| Description: | This paper presents the results of a survey of 510 finance and economics professors. The consensus forecast for the 1-year equity premium is about 3 % to 3.5%, the consensus forecast for the 30-year equity premium (arithmetic) is about 5 % to 5.5%. The consensus 30-year stock market forecast is about 10%. These forecasts are considerably lower than those taken just 3 years ago. I thank Hersh Shefrin for feedback. 1 1 |
| Document Type: | text |
| File Description: | application/pdf |
| Language: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.193.8662; http://cowles.econ.yale.edu/P/cd/d13a/d1325.pdf |
| Availability: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.193.8662; http://cowles.econ.yale.edu/P/cd/d13a/d1325.pdf |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| Accession Number: | edsbas.98F4DF2 |
| Database: | BASE |