A Variance Decomposition for Stock Returns

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

The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors

1988 • 3,689 citations

Permanent and Temporary Components of Stock Prices

1988 • 3,149 citations

Asset returns and inflation

1977 • 2,770 citations

Predicting returns in the stock and bond markets

1986 • 1,825 citations

Stochastic Consumption, Risk Aversion, and the Temporal Behavior of Asset Returns

1983 • 1,611 citations

Asymptotic Theory for Econometricians

1984 • 602 citations

Stock Prices, Earnings, and Expected Dividends

1988 • 585 citations

Time-Variation in Expected Returns

1988 • 489 citations

Stock Returns and the Term Structure

1985 • 256 citations

Money, Real Interest Rates, and Output: A Reinterpretation of Postwar U.S. Data

1985 • 236 citations

Temporary Components of Stock Prices: A Skeptic's View

1993 • 103 citations

What Moves Stock Prices?

1996 • 21 citations

The Dollar and Real Interest Rates

1987 • 14 citations