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  3. American Economic Review
  4. May 2003
  5. Average Debt and Equity Returns: Puzzling?

American Economic Review

ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)

Average Debt and Equity Returns: Puzzling?

  • Ellen R. McGrattan
  • Edward C. Prescott
American Economic Review
vol. 93, no. 2, May 2003
(pp. 392–397)
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Citation

McGrattan, Ellen, R., and Edward C. Prescott. 2003. "Average Debt and Equity Returns: Puzzling? ." American Economic Review 93 (2): 392–397. DOI: 10.1257/000282803321947407

JEL Classification

  • G12 Asset Pricing; Trading Volume; Bond Interest Rates