Heuvel, Skander van den - 2008
, Washington, D.C.
Temporal Risk Aversion and Asset Prices
Skander J. Van den Heuvel
2008-37
NOTE: Staff working papers in the ….
Temporal Risk Aversion and Asset Prices
Skander Van den Heuvel
Federal Reserve Board
This version: July, 2008
First version … desirable than uncorrelated �uctuations. Such a consumer
is said to exhibit temporal risk aversion. This paper examines the …