Precautionary Volatility and Asset Prices
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- Andrew Y. Chen, 2014. "Habit, Production, and the Cross-Section of Stock Returns," Finance and Economics Discussion Series 2014-103, Board of Governors of the Federal Reserve System (U.S.).
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More about this item
Keywords
Time-varying risk premia; equity premium puzzle; time-varying volatility; habit; precautionary savings;All these keywords.
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2014-10-03 (Dynamic General Equilibrium)
- NEP-UPT-2014-10-03 (Utility Models and Prospect Theory)
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