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‘First-order’ risk aversion and the equity premium puzzle

, and . Journal of Monetary Economics, 26 (3): 387-407 (December 1990)

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Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework, and . Econometrica, 57 (4): 937-969 (1989)Comment. Econometric Reviews, 5 (1): 75--80 (1986)Risk premiums in the term structure : Evidence from artificial economies, , and . Journal of Monetary Economics, 24 (3): 371--399 (November 1989)The independence axiom and asset returns, and . Journal of Empirical Finance, 8 (5): 537-572 (December 2001)Reverse engineering the yield curve, and . NBER working paper series National Bureau of Economic Research, Cambridge, Mass., (1994)Are behavioral asset-pricing models structural?. Journal of Monetary Economics, 49 (1): 215--228 (January 2002)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis, and . Journal of Economic Theory, 99 (2): 263-286 (April 1991)Prices as factors: Approximate aggregation with incomplete markets, and . Journal of Economic Dynamics and Control, 26 (7-8): 1127--1157 (July 2002)Taylor rules, McCallum rules and the term structure of interest rates, , and . Journal of Monetary Economics, 52 (5): 921--950 (July 2005)‘First-order’ risk aversion and the equity premium puzzle, and . Journal of Monetary Economics, 26 (3): 387-407 (December 1990)