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Measuring the equity risk premium

Byrne, Alistair and Best, Peter (2001) Measuring the equity risk premium. Journal of Asset Management, 1 (3). pp. 245-256. ISSN 1470-8272

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Abstract

Discusses the use of surveys of economic forecasts to derive a forward-looking estimate of the U.S. equity risk premium relative to government bonds. Overview of the equity risk premium; Prediction of the short-term return spread between stocks and bonds.