Yooung, Old, Conservative and Bold: The implications of finite lives and heterogeneity for asset prices
Stavros Panageas and
Nicolae Garleanu
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Nicolae Garleanu: UC Berkeley (Haas)
No 409, 2008 Meeting Papers from Society for Economic Dynamics
Abstract:
and Cochrane (1999), and is therefore successful at addressing a number of stylized facts about asset prices.
Date: 2008
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