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A consumption-based explanation of expected stock returns
Motohiro Yogo
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Article
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peer-review
277
Scopus citations
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Keyphrases
Expected Stock Returns
100%
Consumption-based
100%
Durable Consumption
100%
Risk Premium
50%
Time Variation
25%
Business Cycles
25%
Countercyclical
25%
Consumption Goods
25%
Nondurables
25%
Stock Returns
25%
Elasticity of Substitution
25%
Small Stock
25%
Non-separable
25%
Cross-sectional Variation
25%
Marginal Utility
25%
Growth Stocks
25%
Value Stocks
25%
Economics, Econometrics and Finance
Marginalism
33%
Elasticity of Substitution
33%