Asset returns and intertemporal preferences

A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle

1989 • 9,360 citations

The equity premium: A puzzle

1985 • 5,686 citations

Asset Prices in an Exchange Economy

1978 • 5,134 citations

Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework

1989 • 4,242 citations

Business conditions and expected returns on stocks and bonds

1989 • 4,137 citations

Dividend yields and expected stock returns

1988 • 3,736 citations

Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test

1988 • 3,715 citations

Permanent and Temporary Components of Stock Prices

1988 • 3,149 citations

Asset returns and inflation

1977 • 2,770 citations

Temporal Resolution of Uncertainty and Dynamic Choice Theory

1978 • 1,849 citations

Predicting returns in the stock and bond markets

1986 • 1,825 citations

Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis

1991 • 1,765 citations

Intertemporal Substitution in Consumption

1988 • 1,533 citations

The equity premium puzzle and the risk-free rate puzzle

1989 • 1,394 citations

Saving and Uncertainty: The Precautionary Demand for Saving

1968 • 1,324 citations

Mean Reversion in Stock Prices

1996 • 1,111 citations

The Equity Premium Puzzle and the Riskfree Rate Puzzle

1989 • 1,038 citations

Nonexpected Utility in Macroeconomics

1990 • 1,019 citations

THE DEMAND FOR RISKY ASSETS

1977 • 977 citations

The Determinants of the Variability of Stock Market Prices

1981 • 624 citations

Consumption puzzles and precautionary savings

1990 • 578 citations

Mean Reversion in Equilibrium Asset Prices

1990 • 455 citations

Index-Futures Arbitrage and the Behavior of Stock Index Futures Prices

1988 • 368 citations

Expectations and Volatility of Consumption and Asset Returns

1990 • 335 citations

‘First-order’ risk aversion and the equity premium puzzle

1990 • 286 citations

The Consumption of Stockholders and Non-Stockholders

1990 • 277 citations

A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis

1978 • 225 citations

Consumption, production, inflation and interest rates

1986 • 161 citations

Stock prices under time-varying dividend risk

1988 • 150 citations

Disentangling the Coefficient of Relative Risk Aversion from the Elasticity of Intertemporal Substitution: An Irrelevance Result

1990 • 146 citations

Risk aversion and asset prices

1988 • 89 citations

Risk Aversion and the Dispersion of Asset Prices

1981 • 81 citations

A Comparison of Annual Common Stock Returns: 1871-1925 with 1926-85

1987 • 69 citations

Leverage, time preference and the ‘equity premium puzzle’

1990 • 68 citations

Disentangling the Coefficient of Relative Risk Aversion from the Elasticity of Intertemporal Substitution: An Irrelevance Result

1990 • 53 citations

Variance Bounds in a Simple Model of Asset Pricing

1982 • 51 citations

Evaluating Empirical Tests of Asset Pricing Models: Alternative Interpretations

2016 • 43 citations

Mean Reversion and Consumption Smoothing

1990 • 41 citations

The Equity Premium and the Risk Free Rate: Matching the Moments

1991 • 22 citations

Does the Stock Market Rationally Reflect Fundamental Values?: Discussion

1986 • 15 citations