Article | Quarterly Journal of Economics

Consumption and Portfolio Decisions When Expected Returns Are Time Varying

by Luis M. Viceira and John Y. Campbell

Citation:

Viceira, Luis M., and John Y. Campbell. "Consumption and Portfolio Decisions When Expected Returns Are Time Varying." Quarterly Journal of Economics 114, no. 2 (May 1999): 433–495. (This note, "Consumption and Portfolio Decisions When Expected Returns Are Time Varying: Erratum," corrects an error in the May 1999 paper.)