Over at Grasping Reality: Flaws in the Rietz-Barro Explanation of the Equity Premium: I have an itch I need to scratch, ever since I found Ken Rogoff writing: Robert Barro… has shown that in canonical equilibrium macroeconomic models… small changes in the market perception of tail risks can lead both to significantly lower real risk-free … Continue reading Over at Grasping Reality: Flaws in the Rietz-Barro Explanation of the Equity Premium