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Keywords: Durable model
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Journal Articles
Journal:
Critical Finance Review
Critical Finance Review (2017) 6 (2): 381–393.
Published: 05 September 2017
... that being much larger than those in the original paper indicate rejection of the durable consumption asset pricing model. By careful inspection of Yogo's replication files, we were able to track down the inconsistency to a coding bug. The rejection of the durable model is exemplified by its inability...
Includes: Supplementary data
