Learning, Structural Instability and Present Value Calculations

The Econometrics of Financial Markets

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Asset Prices in an Exchange Economy

1978 • 5,134 citations

The Econometrics of Financial Markets

1997 • 4,951 citations

Uncertain Lifetime, Life Insurance, and the Theory of the Consumer

1965 • 3,214 citations

Forecasting Economic Time Series

2000 • 1,898 citations

Lectures on macroeconomics

1990 • 1,288 citations

Forecasting Economic Time Series

1998 • 871 citations

An Analysis of the Real Interest Rate Under Regime Shifts

1996 • 798 citations

Asset Pricing: Revised Edition

2005 • 791 citations

Contemporary Bayesian Econometrics and Statistics

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Estimation and comparison of multiple change-point models

1998 • 687 citations

Evidence on Structural Instability in Macroeconomic Time Series Relations

1996 • 575 citations

How Learning in Financial Markets Generates Excess Volatility and Predictability in Stock Prices

1993 • 463 citations

Forecasting Non-Stationary Economic Time Series

1999 • 461 citations

Instability of return prediction models

2006 • 432 citations

The Equity Premium and Structural Breaks

2001 • 376 citations

Forecasting non-stationary economic time series

2000 • 359 citations

Forecasting Time Series Subject to Multiple Structural Breaks

2006 • 352 citations

Market timing and return prediction under model instability

2002 • 313 citations

Recursive and Sequential Tests of the Unit-Root and Trend-Break Hypotheses: Theory and International Evidence

1992 • 264 citations

Editorial, NBER Macroeconomics Annual 1989

1989 • 195 citations

Structural Breaks, Incomplete Information, and Stock Prices

2001 • 188 citations

Bayesian Inference and Prediction for Mean and Variance Shifts in Autoregressive Time Series

1993 • 178 citations

The Phillips Curve, the Persistence of Inflation, and the Lucas Critique: Evidence from Exchange-Rate Regimes: Comment

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A note on some limitations of CRRA utility

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The Equity Premium And Structural Breaks

1998 • 88 citations

Understanding Consumption

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Individual saving, aggregate capital accumulation, and efficient growth

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Rare Events and the Equity Premium

2005 • 64 citations

Bayesian Inference and Prediction for Mean and Variance Shifts in Autoregressive Time Series

1993 • 49 citations

PRIOR ELICITATION IN MULTIPLE CHANGE‐POINT MODELS*

2009 • 37 citations

Forecasting and estimating multiple change-point models with an unknown number of change points

2004 • 37 citations

Movements in the Equity Premium: Evidence from a Time-Varying VAR

2007 • 11 citations

Forecasting Time Series Subject to Multiple Structural Breaks

2004 • 9 citations