create a website

Life with habit and expectation: A new explanation of equity premium puzzle. (2021). Cover, James ; Zhuang, Boyi.
In: Economic Notes.
RePEc:bla:ecnote:v:50:y:2021:i:1:n:e12174.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 19

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. Abel, A. B. (1990). Asset prices under habit formation and catching up with the Joneses. American Economic Review, 80, 38–42.

  2. Abeler, J., Falk, A., Goette, L., & Huffman, D. (2011). Reference points and effort provision. American Economic Review, 101(2), 470–492.

  3. Bell, D. E. (1985). Disappointment in decision making under uncertainty. Operations Research, 33(1), 1–27.

  4. Campbell, J. Y., & Cochrane, J. H. (1995). By force of habit: A consumption‐based explanation of aggregate stock market behavior. Technical Report, National Bureau of Economic Research.

  5. Chen, X., & Ludvigson, S. C. (2009). Land of addicts? An empirical investigation of habit‐based asset pricing models. Journal of Applied Econometrics, 24(7), 1057–1093.

  6. Constantinides, G. M. (1990). Habit formation: A resolution of the equity premium puzzle. Journal of Political Economy, 98, 519–543.

  7. Cover, J. P., & Pecorino, P. (2005). The length of US business expansions: When did the break in the data occur? Journal of Macroeconomics, 27(3), 452–471.

  8. Diebold, F. X., & Rudebusch, G. D. (1992). Have postwar economic fluctuations been stabilized? American Economic Review, 82, 993–1005.

  9. Flavin, M. A. (1981). The adjustment of consumption to changing expectations about future income. Journal of Political Economy, 89, 974–1009.

  10. Frederick, S., Loewenstein, G., & Odonoghue, T. (2002). Time discounting and time preference: A critical review. Journal of Economic Literature, 40, 351–401.

  11. Grishchenko, O. V. (2010). Internal vs. external habit formation: The relative importance for asset pricing. Journal of Economics and Business, 62(3), 176–194.

  12. Kőszegi, B., & Rabin, M. (2009). Reference‐dependent consumption plans. American Economic Review, 99(3), 909–936.

  13. Loomes, G. & R., Sugden, Disappointment and dynamic consistency in choice under uncertainty.The Review of Economic Studies, 1986, 53(2), 271‐282.

  14. Lucas, R. E. Jr. (1978). Asset prices in an exchange economy. Econometrica: Journal of the Econometric Society, 46, 1429–1445.

  15. Matthey, A. (2008). Yesterdays expectation of tomorrow determines what you do today: The role of reference‐dependent utility from expectations. Jena Economic Research Paper (2008‐003).

  16. Mehra, R., & Prescott, E. C. (1985). The equity premium: A puzzle. Journal of Monetary Economics, 15(2), 145–161.

  17. Mehra, R., & Prescott, E. C. (2003). The equity premium in retrospect. Handbook of the Economics of Finance, 1, 889–938.

  18. Meyer, A. (2013). Estimating discount factors for public and private goods and testing competing discounting hypotheses. Journal of Risk and Uncertainty, 46(2), 133–173.

  19. Weil, P. (1989). The equity premium puzzle and the risk‐free rate puzzle. Journal of Monetary Economics, 24(3), 401–421.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. Loss Aversion and the Asymmetric Transmission of Monetary Policy. (2014). Santoro, Emiliano ; Pfajfar, Damjan ; Petrella, Ivan ; Gaffeo, Edoardo.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10105.

    Full description at Econpapers || Download paper

  2. Shortfall Aversion. (2014). Huberman, Gur ; Guasoni, Paolo ; Ren, Dan.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10064.

    Full description at Econpapers || Download paper

  3. Behavioral Economics and Macroeconomic Models. (2014). Holden, Steinar ; Driscoll, John.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_4785.

    Full description at Econpapers || Download paper

  4. Individual Well-Being in a Dynamic Perspective. (2007). D'Ambrosio, Conchita.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp673.

    Full description at Econpapers || Download paper

  5. Distribution Risk and Equity Returns. (2005). Danthine, Jean-Pierre ; Siconolfi, Paolo ; Donaldson, John B.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:5425.

    Full description at Econpapers || Download paper

  6. A Note on the McGrattan and Prescott (2003) Adjustments and the Equity Premium Puzzle. (2004). Imrohoroglu, Selahattin.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0402009.

    Full description at Econpapers || Download paper

  7. Interpersonal Effects in Consumption: Evidence from the Automobile Purchases of Neighbors. (2004). Keloharju, Matti ; Grinblatt, Mark ; Ikaheimo, Seppo.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10226.

    Full description at Econpapers || Download paper

  8. Consumption Risk and Cross-Sectional Returns. (2003). Parker, Jonathan ; Julliard, Christian.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:9538.

    Full description at Econpapers || Download paper

  9. Has Monetary Policy Become More Effective?. (2003). Giannoni, Marc ; Boivin, Jean.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:9459.

    Full description at Econpapers || Download paper

  10. Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption. (2003). Abel, Andrew.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10099.

    Full description at Econpapers || Download paper

  11. Country Spreads and Emerging Countries: Who Drives Whom?. (2003). Yue, Vivian ; Uribe, Martín.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10018.

    Full description at Econpapers || Download paper

  12. The dynamics of consumers expenditure: the UK consumption ECM redux. (2003). Price, Simon ; Blake, Andrew ; Fernandez-Corugedo, Emilio.
    In: Bank of England working papers.
    RePEc:boe:boeewp:204.

    Full description at Econpapers || Download paper

  13. Estimating real interest rates for the United Kingdom. (2003). Larsen, Jens ; Talbot, James ; May, Ben.
    In: Bank of England working papers.
    RePEc:boe:boeewp:200.

    Full description at Econpapers || Download paper

  14. Interpretable Asset Markets?. (2002). Yaron, Amir ; Bansal, Ravi ; Khatachtrian, Varoujan.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:9383.

    Full description at Econpapers || Download paper

  15. Stochastic Taxation and Asset Pricing in Dynamic General Equilibrium. (2002). Sialm, Clemens.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:9301.

    Full description at Econpapers || Download paper

  16. Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence. (2002). Geczy, Christopher ; Constantinides, George ; Brav, Alon.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:8822.

    Full description at Econpapers || Download paper

  17. Habit Formation and the Persistence of Monetary Shocks. (2002). Ruge-Murcia, Francisco ; Cardia, Emanuela ; Bouakez, Hafedh.
    In: Cahiers de recherche.
    RePEc:mtl:montde:2002-08.

    Full description at Econpapers || Download paper

  18. The Life-Cycle-Permanent-Income Model: A Reinterpretation and Supporting Evidence. (2002). Molana, Hassan ; Malley, Jim.
    In: Working Papers.
    RePEc:gla:glaewp:2002_17.

    Full description at Econpapers || Download paper

  19. Monetary policy in an estimated stochastic dynamic general equilibrium model of the Euro area. (2002). Wouters, Raf ; Smets, Frank.
    In: Proceedings.
    RePEc:fip:fedfpr:y:2002:i:mar:x:2.

    Full description at Econpapers || Download paper

  20. Consumption and habits : evidence from panel data. (2002). Lopez-Salido, David ; Labeaga, Jose ; carrasco, raquel.
    In: UC3M Working papers. Economics.
    RePEc:cte:werepe:we023415.

    Full description at Econpapers || Download paper

  21. The Rate of Risk Aversion May Be Lower Than You Think. (2002). Jacobs, Kris.
    In: CIRANO Working Papers.
    RePEc:cir:cirwor:2002s-08.

    Full description at Econpapers || Download paper

  22. Habit Formation and the Persistence of Monetary Shocks. (2002). Ruge-Murcia, Francisco ; Cardia, Emanuela ; Bouakez, Hafedh.
    In: Staff Working Papers.
    RePEc:bca:bocawp:02-27.

    Full description at Econpapers || Download paper

  23. The Impact of Wage Increases on Job Satisfaction - Empirical Evidence and Theoretical Implications. (2001). Sliwka, Dirk ; Grund, Christian.
    In: IZA Discussion Papers.
    RePEc:iza:izadps:dp387.

    Full description at Econpapers || Download paper

  24. Consumption, savings, and the meaning of the wealth effect in general equilibrium. (2001). Sarte, Pierre Daniel ; Lantz, Carl D..
    In: Economic Quarterly.
    RePEc:fip:fedreq:y:2001:i:sum:p:53-71.

    Full description at Econpapers || Download paper

  25. Habit formation: implications for the wealth distribution. (2001). Ríos-Rull, José-Víctor ; Pijoan-Mas, Josep ; Díaz, Antonia.
    In: UC3M Working papers. Economics.
    RePEc:cte:werepe:we015114.

    Full description at Econpapers || Download paper

  26. Habit Persistence, Asset Returns, and the Business Cycle. (2001). Fisher, Jonas ; Christiano, Lawrence ; Boldrin, Michele.
    In: American Economic Review.
    RePEc:aea:aecrev:v:91:y:2001:i:1:p:149-166.

    Full description at Econpapers || Download paper

  27. Empirical Pricing Kernels. (2000). Rosenberg, Joshua ; Engle, Robert.
    In: New York University, Leonard N. Stern School Finance Department Working Paper Seires.
    RePEc:fth:nystfi:99-014.

    Full description at Econpapers || Download paper

  28. Intergenerational Linkages in Consumption Behavior. (2000). Waldkirch, Andreas ; Ng, Serena ; Cox, Donald.
    In: Econometric Society World Congress 2000 Contributed Papers.
    RePEc:ecm:wc2000:1791.

    Full description at Econpapers || Download paper

  29. Estimating Nonseparable Preference Specifications for Asset Market Participants. (2000). Jacobs, Kris.
    In: Econometric Society World Congress 2000 Contributed Papers.
    RePEc:ecm:wc2000:1472.

    Full description at Econpapers || Download paper

  30. Fiscal Shocks and Fiscal Risk Management. (2000). Zhu, Xiaodong ; Lloyd-Ellis, Huw.
    In: Cahiers de recherche CREFE / CREFE Working Papers.
    RePEc:cre:crefwp:108.

    Full description at Econpapers || Download paper

  31. Intergenerational Linkages in Consumption Behavior. (2000). Waldkirch, Andreas ; Ng, Serena ; Cox, Donald.
    In: Boston College Working Papers in Economics.
    RePEc:boc:bocoec:482.

    Full description at Econpapers || Download paper

  32. Asset Pricing with Distorted Beliefs: Are Equity Returns Too Good to Be True?. (2000). Mark, Nelson ; Cecchetti, Stephen ; Lam, Pok-Sang .
    In: American Economic Review.
    RePEc:aea:aecrev:v:90:y:2000:i:4:p:787-805.

    Full description at Econpapers || Download paper

  33. Tax Policy and Aggregate Demand Management under Catching Up with the Joneses. (2000). Uhlig, Harald ; Ljungqvist, Lars.
    In: American Economic Review.
    RePEc:aea:aecrev:v:90:y:2000:i:3:p:356-366.

    Full description at Econpapers || Download paper

  34. Saving and Growth with Habit Formation. (2000). Weil, David ; Overland, Jody ; Carroll, Christopher.
    In: American Economic Review.
    RePEc:aea:aecrev:v:90:y:2000:i:3:p:341-355.

    Full description at Econpapers || Download paper

  35. Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence. (1999). Geczy, Christopher ; Constantinides, George ; Brav, Alon.
    In: CRSP working papers.
    RePEc:wop:chispw:505.

    Full description at Econpapers || Download paper

  36. Prospect Theory and Asset Prices. (1999). HUANG, MING ; Santos, Tano ; Barberis, Nicholas.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:7220.

    Full description at Econpapers || Download paper

  37. Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence. (1999). Geczy, Christopher ; Constantinides, George ; Brav, Alon.
    In: Rodney L. White Center for Financial Research Working Papers.
    RePEc:fth:pennfi:23-99.

    Full description at Econpapers || Download paper

  38. Fiscal Shocks and Fiscal Risk Management. (1998). Zhu, Xiaodong ; Lloyd-Ellis, Huw.
    In: Working Papers.
    RePEc:tor:tecipa:lloydell-98-01.

    Full description at Econpapers || Download paper

  39. Asset Pricing under Distorted Beliefs: Are Equity Returns Too Good to Be True?. (1998). Mark, Nelson ; Cecchetti, Stephen ; Lam, Pok-Sang .
    In: Working Papers.
    RePEc:osu:osuewp:98-04.

    Full description at Econpapers || Download paper

  40. Why Do the Rich Save So Much?. (1998). Carroll, Christopher.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:6549.

    Full description at Econpapers || Download paper

  41. Catching up with the Keynesians. (1998). Uhlig, Harald ; Ljungqvist, Lars.
    In: SSE/EFI Working Paper Series in Economics and Finance.
    RePEc:hhs:hastef:0259.

    Full description at Econpapers || Download paper

  42. Fishers equation and the inflation risk premium in a simple endowment economy. (1998). Sarte, Pierre Daniel.
    In: Economic Quarterly.
    RePEc:fip:fedreq:y:1998:i:fall:p:53-72.

    Full description at Econpapers || Download paper

  43. Consumption-based modeling of long-horizon returns. (1998). Marshall, David ; Daniel, Kent D..
    In: Working Paper Series.
    RePEc:fip:fedhwp:wp-98-18.

    Full description at Econpapers || Download paper

  44. Asset Pricing under Distorted Beliefs: Are Equity Returns Too Good to Be True?. (1997). Mark, Nelson ; Cecchetti, Stephen ; P-s. Lam, .
    In: Working Papers.
    RePEc:osu:osuewp:017.

    Full description at Econpapers || Download paper

  45. Are Countries with Official International Restrictions Liquidity Constrained?. (1997). Lewis, Karen.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:5991.

    Full description at Econpapers || Download paper

  46. Optimal growth when tastes are inherited. (1997). de la Croix, David.
    In: LIDAM Discussion Papers IRES.
    RePEc:ctl:louvir:1997012.

    Full description at Econpapers || Download paper

  47. Consumption and the Stock Market: Interpreting International Experience. (1996). Campbell, John.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:5610.

    Full description at Econpapers || Download paper

  48. Economic development and convergence clubs: the role of inherited tastes and human capital. (1996). de la Croix, David.
    In: LIDAM Discussion Papers IRES.
    RePEc:ctl:louvir:1996024.

    Full description at Econpapers || Download paper

  49. Asset and Commodity Prices with Multiattribute Durable Goods. (1995). Giannikos, Christos ; Detemple, Jerome.
    In: CIRANO Working Papers.
    RePEc:cir:cirwor:95s-47.

    Full description at Econpapers || Download paper

  50. Belief-dependent Utilities, Aversion to State-Uncertainty and Asset Prices,”. (). Veronesi, Pietro.
    In: CRSP working papers.
    RePEc:wop:chispw:529.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-25 22:00:55 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.