WebE-mail [email protected] 1. This quote is from a private letter from Paul Samuelson to John Campbell and Robert Shiller. The quote appears and is discussed in Shiller (2001, p. 243). Samuelson has been making this point for many years; it is also made in Samuelson (1998). ABBREVIATIONS CRSP: Center for Research on Security Prices Economic ... WebFeb 13, 2012 · Campbell, J. Y., and Shiller, R. J.. “ Stock Prices, Earnings, and Expected Dividends .” Journal of Finance, 43 ( 1988 b), 661 – 676. CrossRef Google Scholar Campbell, J. Y., and Viceira, L. M.. Strategic Asset Allocation: Portfolio Choice for Long-Term Investors. Oxford, UK: Oxford University Press ( 2002 ). CrossRef Google Scholar
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Solved 2. Derive the Campbell-Shiller linearization of the - Chegg
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