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Published in 2020 at "Finance Research Letters"
DOI: 10.1016/j.frl.2019.04.032
Abstract: Abstract Consumption capital asset pricing models (CCAPMs) have been the center of interest in the vast macrofinance literature. We suggest using fresh long-run durable expenditure growth data to study CCAPM and demonstrate that the durable…
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Keywords:
long run;
asset pricing;
durable expenditure;
risk ... See more keywords