Long-Term Consumption: A Microeconomic Approach to Studying Asset Pricing
A fundamental economic question is the tradeoff between investment and consumption and how it determines asset prices in the macroeconomy. New research studies the relationship between consumption and asset prices using microeconomic data.
Content: Article | Authors: Annette Vissing-Jørgensen, Christopher J. Malloy, Tobias J. Moskowitz | Source: Capital Ideas | Subjects: Economics, Finance | Industry: Investing