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Asset Returns and Intertemporal Preferences

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NBER1991-02-01 更新2025-01-04 收录
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A representative-agent model with time-varying moments of consumption growth is used to analyze implications about means and volatilities of asset returns as well as the predictability of asset returns for various investment horizons. A comparative-statics analysis using non-expected-utility

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1991-02-01
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