New Facts in Finance

Economic Perspectives XXIII (3) Third quarter 1999 (Federal Reserve Bank of Chicago), also NBER working paper 7169. This is a review essay of the transition from unpredictable returns and CAPM to predictable returns and multifactor models.

Read More >

Previous
Previous

Portfolio Advice for a Multifactor World

Next
Next

“By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior”