Consumption, aggregate wealth, and expected stock returns
M Lettau, S Ludvigson - the Journal of Finance, 2001 - Wiley Online Library
This paper studies the role of fluctuations in the aggregate consumption–wealth ratio for
predicting stock returns. Using US quarterly stock market data, we find that these fluctuations …
predicting stock returns. Using US quarterly stock market data, we find that these fluctuations …
Consumption, Aggregate Wealth, and Expected Stock Returns
M Lettau, S Ludvigson - Journal of Finance, 2001 - JSTOR
This paper studies the role of fluctuations in the aggregate consumption-wealth ratio for
predicting stock returns. Using US quarterly stock market data, we find that these fluctuations …
predicting stock returns. Using US quarterly stock market data, we find that these fluctuations …
[PDF][PDF] Consumption, Aggregate Wealth and Expected Stock Returns
M Lettau, S Ludvigson - 1999 - Citeseer
This paper studies the role of detrended wealth in predicting stock returns. We call a
transitory movement in wealth one that produces a deviation from its shared trend with …
transitory movement in wealth one that produces a deviation from its shared trend with …
[PDF][PDF] Consumption, Aggregate Wealth, and Expected Stock Returns
M LETTAU, S LUDVIGSON - THE JOURNAL OF FINANCE, 2001 - scholar.archive.org
This paper studies the role of fluctuations in the aggregate consumption–wealth ratio for
predicting stock returns. Using US quarterly stock market data, we find that these fluctuations …
predicting stock returns. Using US quarterly stock market data, we find that these fluctuations …
Consumption, Aggregate Wealth, and Expected Stock Returns.
M Lettau, S Ludvigson - Journal of Finance (Wiley-Blackwell), 2001 - search.ebscohost.com
This paper studies the role of fluctuations in the aggregate consumption-wealth ratio for
predicting stock returns. Using US quarterly stock market data, we find that these fluctuations …
predicting stock returns. Using US quarterly stock market data, we find that these fluctuations …
[PDF][PDF] Consumption, Aggregate Wealth, and Expected Stock Returns
M LETTAU, S LUDVIGSON - THE JOURNAL OF FINANCE, 2001 - soc.uoc.gr
This paper studies the role of fluctuations in the aggregate consumption–wealth ratio for
predicting stock returns. Using US quarterly stock market data, we find that these fluctuations …
predicting stock returns. Using US quarterly stock market data, we find that these fluctuations …
[引用][C] CONSUMPTION, AGGREGATE WEALTH, AND EXPECTED STOCK RETURNS
M LETTAU, S LUDVIGSON - 2001 - sid.ir
M. LETTAU, and S. LUDVIGSON,“CONSUMPTION, AGGREGATE WEALTH, AND
EXPECTED STOCK RETURNS,” JOURNAL OF FINANCE, vol. 56, no.-, pp. 815–849 …
EXPECTED STOCK RETURNS,” JOURNAL OF FINANCE, vol. 56, no.-, pp. 815–849 …
Consumption, Aggregate Wealth and Expected Stock Returns
M Lettau, S Ludvigson - 1999 - ideas.repec.org
This paper studies the role of detrended wealth in predicting stock returns. We call a
transitory movement in wealth one that produces a deviation from its shared trend with …
transitory movement in wealth one that produces a deviation from its shared trend with …
Consumption, Aggregate Wealth, and Expected Stock Returns
M Lettau, S Ludvigson - The CFA Digest, 2002 - rpc.cfainstitute.org
The authors study how the relationship between current wealth and current consumption
can be used to predict future aggregate share returns. They find that aggregate …
can be used to predict future aggregate share returns. They find that aggregate …
[PDF][PDF] Consumption, Aggregate Wealth and Expected Stock Returns
M Lettau, S Ludvigson - 1999 - newyorkfed.org
This paper studies the role of detrended wealth in predicting stock returns. We call a
transitory movement in wealth one that produces a deviation from its shared trend with …
transitory movement in wealth one that produces a deviation from its shared trend with …