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The distribution of wealth, 1983-1992: secular growth, cyclical stability

Weicher, John C. - Federal Reserve Bank of St. Louis - 1996

This article describes the changes in the concentration of wealth among U.S. households between 1983 and 1992, a period … which nearly coincides with the most recent business cycle. The distribution of wealth has received popular attention … wealth and wealth per household increased over the cycle; rich and poor households enjoyed an approximately equal gain, in …

Persistent link: https://www.econbiz.de/10005490895

The effects of annuities, bequests, and aging in an overlapping generations model of endogenous growth.

Pecchenino, Rowena A.; Pollard, Patricia S. - Federal Reserve Bank of St. Louis - 1995

model of endogenous growth. We find the complete annuitization of agents' wealth is not, in general, dynamically optimal …

Persistent link: https://www.econbiz.de/10005352823

Modeling U.S. households' demand for liquid wealth in an era of financial change

Collins, Sean; Anderson, Richard G. - Federal Reserve Bank of St. Louis - 1997

using a model of household demand for liquid wealth. The model is a dynamic generalization of the almost-ideal demand model …

Persistent link: https://www.econbiz.de/10005352970

Understanding the risk-return tradeoff in the stock market

Guo, Hui (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001969582

On the out-of-sample predictability of stock market returns

Guo, Hui (contributor) - 2003 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001971221

On the real-time forecasting ability of the consumption-wealth ratio

Guo, Hui (contributor) - 2003 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001979828

Does idiosyncratic risk matter : another look

Guo, Hui (contributor); Savickas, Robert (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001984084

Idiosyncratic volatility, stock market volatility, and expected stock returns

Guo, Hui (contributor); Savickas, Robert (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001985899

Pessimistic beliefs under rational learning : quantitative implications for the equity premium puzzle

Guidolin, Massimo (contributor) - 2005

"In the presence of infrequent but observable structural breaks, we show that a model in which the representative agent is on a rational learning path concerning the real consumption growth process can generate high equity premia and low risk-free interest rates. In fact, when the model is...

Persistent link: https://www.econbiz.de/10002917582

High equity premia and crash fears : rational foundations

Guidolin, Massimo (contributor) - 2005

"We show that when in Lucas trees model the process for dividends is described by a lattice tree subject to infrequent but observable structural breaks, in equilibrium recursive rational learning may inflate the equity risk premium and reduce the risk-free interest rate for low levels of risk...

Persistent link: https://www.econbiz.de/10002977384