Browsing Faculté des arts et des sciences – Département de sciences économiques - Travaux et publications by Subject "Business Cycle"
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Asset Pricing in a Production Economy with Chew–Dekel Preferences
(Université de Montréal. Département de sciences économiques., 2009-05)In this paper we provide a thorough characterization of the asset returns implied by a simple general equilibrium production economy with Chew–Dekel risk preferences and convex capital adjustment costs. When households display levels of disappointment ...