| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967251 | Journal of Monetary Economics | 2011 | 15 Pages |
Abstract
⺠Derives theoretically implications of putty-clay model for asset prices. ⺠Stock market value goes up when investment per new job is low. ⺠Approach does not require to specify a SDF. ⺠Empirically evaluate the contribution of putty-clay to stock return volatility.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
François Gourio,