Do equity prices reflect the ultra-low interest rate environment?

Economic Memo - Februar 2020 - nr. 1

Forfattere Autrup, Søren Lejsgaard; Hensch, Jonas Ladegaard
Emne Aktuelle økonomiske og monetære tendenser; Økonomisk aktivitet og beskæftigelse; Finansielle markeder; Pengepolitik
Type Economic Memo
Årstal 2020
Offentligjort den 27. februar 2020
Economic Memo is a new publication series from Danmarks Nationalbank. Please, update your News service settings if you want to receive a notification when the next Economic Memo is available. The first Economic Memo shows that the equity risk premium has about doubled after the financial crisis, amid a sharp decline in interest rates and an unchanged required return on equities.