Permanent income in general equilibrium

Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence

1978 • 3,343 citations

A Theory of the Consumption Function

1960 • 2,411 citations

Real Business Cycles

1983 • 1,955 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

The Adjustment of Consumption to Changing Expectations About Future Income

1981 • 1,326 citations

A Theory of the Consumption Function

1958 • 893 citations

The Economics of Information and Uncertainty

1982 • 874 citations

On Keynesian Economics and the Economics of Keynes.

1970 • 763 citations

The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households

1982 • 671 citations

The Permanent Income Hypothesis: Estimation and Testing by Instrumental Variables

1982 • 394 citations

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

1983 • 296 citations

Asset Prices in a Production Economy

1982 • 281 citations

Bond and Stock Returns in a Simple Exchange Model

1986 • 212 citations

Rational Expectations, Econometric Exogeneity, and Consumption

1978 • 190 citations

“Tobin's q” and the rate of investment in general equilibrium

1980 • 94 citations

Risk Aversion and the Dispersion of Asset Prices

1981 • 81 citations

Variance Bounds in a Simple Model of Asset Pricing

1982 • 51 citations