Macroeconomics and finance: The role of the stock market

Trends and random walks in macroeconmic time series

1982 • 4,673 citations

Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models

1984 • 2,013 citations

Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models

1982 • 1,846 citations

The Present-Value Relation: Tests Based on Implied Variance Bounds

1981 • 1,402 citations

Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends

1980 • 1,351 citations

Forecasting and conditional projection using realistic prior distributions

1984 • 1,111 citations

The Determinants of the Variability of Stock Market Prices

1981 • 624 citations

Market Fundamentals versus Price-Level Bubbles: The First Tests

1980 • 539 citations

Variance Bounds Tests and Stock Price Valuation Models

1986 • 497 citations

On non-uniqueness in rational expectations models

1983 • 416 citations

Excess Volatility in the Financial Markets: A Reassessment of the Empirical Evidence

1983 • 296 citations

Expectations Models of the Term Structure and Implied Variance Bounds

1980 • 127 citations

Efficiency and the Variability of Asset Prices

1984 • 31 citations

Aggregate dividend behavior and its implications for tests of stock market rationality

1983 • 19 citations

Non-uniqueness and the role of the monetary authorities

1981 • 4 citations