EBOOK Equity Risk Premium:Essays and Explorations

What is the return to investing in the stock market? Can we predict future stock        market returns? How have equities performed over the last two centuries? The authors        in this volume are among the leading researchers in the study of these questions.          This book draws upon their research on the stock market over the past two dozen        years. It contains their major research articles on the equity risk premium and new        contributions on measuring, forecasting, and timing stock market returns, together        with new interpretive essays that explore critical issues and new research on the        topic of stock market investing.This book is aimed at all readers interested in        understanding the empirical basis for the equity risk premium. Through the analysis        and interpretation of two scholars whose research contributions have been key        factors in the modern debate over stock market perfomance, this volume engages the        reader in many of the key issues of importance to investors. How large is the        premium? Is history a reliable guide to predict future equity returns? Does the        equity and cash flows of the market? Are global equity markets different from those        in the United States? Do emerging markets offer higher or lower equity risk premia?        The authors use the historical performance of the world's stock markets to address        these issues.