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Substitution, risk aversion, and the temporal behavior of consumption and asset returns : a theoretical framework

Epstein, Larry G. - In: Econometrica : journal of the Econometric Society, an … 57 (1989) 4, pp. 937-969

Persistent link: https://www.econbiz.de/10001070938

Substitution, risk aversion, and the temporal behavior of consumption and asset returns : an empirical analysis

Epstein, Larry G. - In: Journal of political economy 99 (1991) 2, pp. 263-286

Persistent link: https://www.econbiz.de/10001105913

A comparison of numerical and analytic approximate solutions to an intertemporal consumption choice problem

Campbell, John Y. - In: Journal of economic dynamics & control 21 (1997) 2, pp. 273-295

Persistent link: https://www.econbiz.de/10001215829

An estimation of economic models with recursive preferences

Chen, Xiaohong; Favilukis, Jack; Ludvigson, Sydney C. - 2012 - This draft: October 3, 2012

This paper presents estimates of key preference parameters of the Epstein and Zin (1989, 1991) and Weil (1989) (EZW) recursive utility model, evaluates the model's ability to fit asset return data relative to other asset pricing models, and investigates the implications of such estimates for the...

Persistent link: https://www.econbiz.de/10009667007