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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …