Federal Reserve Bank of San Francisco: 'Can Models With Idiosyncratic Risk Solve the Equity Premium Puzzle? Redux'
April 07, 2026
April 07, 2026
SAN FRANCISCO, California, April 7 (TNSLrpt) -- The Federal Reserve Bank of San Francisco issued the following white paper (No. 2026-06) on March 31, 2026, by Sanjay R. Singh entitled "Can Models with Idiosyncratic Risk Solve the Equity Premium Puzzle? Redux."
Here are excerpts:
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Can idiosyncratic risk explain the equity premium? We revisit this question using a novel measure of imperfect risk sharing, implied by a large class of heterogeneou . . .
Here are excerpts:
* * *
Can idiosyncratic risk explain the equity premium? We revisit this question using a novel measure of imperfect risk sharing, implied by a large class of heterogeneou . . .