Long Run Risk, the Wealth-Consumption Ratio, and the Temporal Pricing of Risk
Representative agent consumption based asset pricing models have made great strides in accounting for many important features of asset returns. The long run risk (LRR) models of Ravi Bansal and Amir Yaron (2004) are a prime example of this progress. Yet, several other representative agent mode...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
American Economic Association
2011
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| Online Access: | http://hdl.handle.net/1721.1/67844 https://orcid.org/0000-0002-0319-5531 |