Habit formation and aggregate consumption

Econometrica

Volumn 66, Issue 5, 1998, Pages 1223-1230

  Chapman, David A ^a  

^a UNIVERSITY OF TEXAS AT AUSTIN   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0001265486     PISSN: 00129682     EISSN: None     Source Type: Journal    
DOI: 10.2307/2999635     Document Type: Article

References (7)

1. CAMPBELL, J. Y., AND J. H. COCHRANE (1997): "By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior," NBER Working Paper No. 4995 (Revised).
2. CONSTANTINIDES, G. M. (1990): "Habit Formation: A Resolution of the Equity Premium Puzzle," Journal of Political Economy, 98, 519-543.
3. DETEMPLE, J. B., AND F. ZAPATERO (1991): "Asset Prices in an Exchange Economy with Habit Formation," Econometrica, 59, 1633-1657.
4. DUFFIE, D. (1996): Dynamic Asset Pricing Theory, 2nd Edition. Princeton: Princeton University Press.
5. MEHRA, R., AND E. C. PRESCOTT (1985): "The Equity Premium: A Puzzle," Journal of Monetary Economics, 15, 145-161.
6. SCHWERT, G. WILLIAM (1989): "Why Does Stock Market Volatility Change Over Time," Journal of Finance, 44, 1115-1153.
7. SUNDARESAN, S. M. (1989): "Intertemporally Dependent Preferences and the Volatility of Consumption and Wealth," Review of Financial Studies, 2, 73-89.