Asset Return Dynamics under Bad Environment Good Environment Fundamentals
收藏数据链接：
官方服务：
资源简介：
We introduce a "bad environment-good environment" technology for consumption growth in a consumption- based asset pricing model. Using the preference structure from Campbell and Cochrane (1999), the model generates realistic time-varying volatility, skewness and kurtosis in fundamentals while still
提供机构：
美国国家经济研究局创建时间：
2009-08-01
