{"text": "{\"genre\":\"mixed_theory_empirical\",\"subfield\":\"asset_pricing\",\"subfield_secondary\":\"financial_econometrics\",\"primary_method\":\"structural_estimation\",\"identification\":{\"estimand\":\"Out-of-sample predictability (R2) of dividend growth and stock index returns, and the incremental contribution of learning about parameters relative to full information\",\"strategy\":\"A latent variable dividend model is estimated with the Kalman filter and embedded in a long-run risks equilibrium model. 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