Habit formation: a resolution of the equity premium puzzle?

Time to Build and Aggregate Fluctuations

1982 • 5,852 citations

The equity premium: A puzzle

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By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior

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Asset Prices in an Exchange Economy

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Numerical methods in economics

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Measuring Business Cycles: Approximate Band-Pass Filters for Economic Time Series

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Habit Formation: A Resolution of the Equity Premium Puzzle

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Measuring Business Cycles

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The Band Pass Filter*

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The equity premium puzzle and the risk-free rate puzzle

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The Equity Premium

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Asset pricing in production economies

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The Spectral Analysis of Time Series

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The Equity Premium: It's Still a Puzzle

1996 • 882 citations

Risk premia and term premia in general equilibrium

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Tax Policy and Aggregate Demand Management Under Catching Up with the Joneses

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Time-Separable Preferences and Intertemporal-Substitution Models of Business Cycles

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An Empirical Investigation of Asset Pricing with Temporally Dependent Preference Specifications

1995 • 423 citations

A Monetary Explanation of the Equity Premium, Term Premium, and Risk-Free Rate Puzzles

1996 • 272 citations

Accounting for Forward Rates in Markets for Foreign Currency

1993 • 219 citations

By force of habit

1995 • 75 citations

HABIT PERSISTENCE AND ASSET RETURNS IN AN EXCHANGE ECONOMY

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Accounting for Forward Rates in Markets for Foreign Currency

1993 • 48 citations

Spectral Welfare Cost Functions

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Spectral utility, wiener-hopf techniques, and rational expectations

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Analytical Policy Design under Rational Expectations

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Dynamic consistency of insurance contracts under enforcement by exclusion

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A regime shift in measured per capita consumption, with implications for asset prices and returns

1992 • 1 citations