The Stochastic Implications of Permanent Income Hypothesis for US Speculative Traders: Implications for Consumption-Based Asset Pricing

This paper examines the stochastic implications of permanent income hypothesis for speculative prices from a sample of economic data from 1967 to 2017 in the United States. One of the standard assumptions of the Consumption-Based Capital Asset Pricing Model (CCAPM)—the time separability of utility—i...

Celý popis

Podrobná bibliografie

Hlavní autoři:	Chamil W. Senarathne, Wei Jianguo
Médium:	Artigo
Jazyk:	Inglês
Vydáno:	The Institute of Economics, Zagreb 2018-01-01
Edice:	Croatian Economic Survey
Témata:	disposable income consumption expenditure permanent income hypothesis excess sensitivity consumption-based asset pricing
On-line přístup:	https://hrcak.srce.hr/file/315293
Tagy:	Přidat tag Žádné tagy, Buďte první, kdo vytvoří štítek k tomuto záznamu!