Intertemporal Asset Pricing Without Consumption Data
收藏NBER1992-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3989
下载链接
链接失效反馈官方服务：
资源简介：
This paper proposes a new way to generalize the insights of static asset pricing theory to a multi-period setting. The paper uses a loglinear approximation to the budget constraint to substitute out consumption from a standard intertemporal asset pricing model. In a homoskedastic lognormal selling,
提供机构：
美国国家经济研究局创建时间：
1992-02-01
