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
Authors: Annette Vissing-Jørgensen, Christopher J. Malloy, Tobias J. Moskowitz
Source: Capital Ideas
Subjects: Economics, Finance
Industry: Investing
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discusses research into the consumption capital asset pricing model (CCAPM) developed by Nobel laureate Robert Lucas.