search query: @indexterm BUSINESS CYCLES / total: 529
reference: 151 / 529
Author: | Boldrin, M. Christiano, L.J. Fisher, D.M. |
Title: | Habit persistence, asset returns, and the business cycle |
Journal: | American Economic Review
2001 : MAR, VOL. 91:1, p. 149-166 |
Index terms: | ASSETS BUSINESS CYCLES |
Freeterms: | HABIT PREFERENCE |
Language: | eng |
Abstract: | Two modifications are introduced into the standard real-business-cycle model: habit preferences and a two-sector technology with limited intersectoral factor mobility. The model is consistent with the observed mean risk-free rate, equity premium, and Sharpe ratio equity. |
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