Publications

Publications

Filter Results : (1) Arrow Down

Show Results For

Consumption Euler Equation Remove Consumption Euler Equation →

Page 1 of 1 Result

Are you looking for?

→ Search All HBS Web
  • August 2020
  • Article

Macroeconomic Drivers of Bond and Equity Risks
By: John Y. Campbell, Carolin E. Pflueger and Luis M. Viceira
Our new model of consumption-based habit generates time-varying risk premia on bonds and stocks from loglinear, homoskedastic macroeconomic dynamics. Consumers' first-order condition for the real risk-free bond generates an exactly loglinear consumption Euler equation,...  View Details
Keywords: Consumption-based Habit Formation; Consumption Euler Equation; Time-varying Risk Premia; Inflation Dynamics; Bond-stock Correlation; Risk and Uncertainty; Bonds; Macroeconomics
Related

Are you looking for?

→ Search All HBS Web