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~isPartOf:"NBER Working Paper"
~person:"Campbell, John Y."
~person:"Glaeser, Edward L."
~person:"Summers, Lawrence H."
~person:"Zenou, Yves"
~subject:"Estimation"
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Campbell, John Y.
Glaeser, Edward L.
Summers, Lawrence H.
Zenou, Yves
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1
Cointegration and Tests of Present Value Models
Campbell, John Y.
-
2010
In a model where a variable Y[sub t] is proportional to the present value, with constant discount rate, of expected future values of a variable y[sub t] the quot;spreadquot; S[sub t]= Y[sub t] - [theta sub t] will be stationary for some [theta] whether or not y[sub t]must be differenced to...
Persistent link: https://www.econbiz.de/10012763269
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2
Asset Prices, Consumption, and the Business Cycle
Campbell, John Y.
-
2010
stylized facts that characterize US data, and relates them to recent developments in equilibrium asset pricing
theory
. Data …
Persistent link: https://www.econbiz.de/10012763609
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3
Asiaphoria Meets Regression to the Mean
Pritchett, Lant
-
2014
Consensus forecasts for the global economy over the medium and long term predict the world's economic gravity will substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there are substantial reasons that China and India may...
Persistent link: https://www.econbiz.de/10013045644
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4
Does Saving Anticipate Declining Labor Income? an Alternative Test of the Permanent Income Hypothesis
Campbell, John Y.
-
2021
The permanent income hypothesis implies that people save because they rationally expect their labor income to decline; they save "for a rainy day". It follows that saving should be at least as good a predictor of declines in labor income as any other forecast that can be constructed from publicly...
Persistent link: https://www.econbiz.de/10013224398
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5
What is Social Capital? the Determinants of Trust and Trustworthiness
Glaeser, Edward L.
;
Laibson, David
;
Scheinkman, José
; …
-
2021
Using a sample of Harvard undergraduates, we analyze trust and social capital in two experiments. Trusting behavior and trustworthiness rise with social connection; differences in race and nationality reduce the level of trustworthiness. Certain individuals appear to be persistently more...
Persistent link: https://www.econbiz.de/10013212348
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6
Learning in Cities
Glaeser, Edward L.
-
2021
informational role of cities is a primary reason for" their continued existence. This paper formalizes Marshall's
theory
in a model … of other implications of the
theory
are corroborated" empirically …
Persistent link: https://www.econbiz.de/10013246374
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