By force of habit
Subtitle: a consumption-based explanation of aggregate stock market behavior
By: John Y. Campbell, John H. Cochrane.
Contributors: Cochrane, John H.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper no. 4995; Working paper series (National Bureau of Economic Research) -- working paper no. 4995.
Publisher: National Bureau of Economic Research
Published: 1994
Place of publication: Cambridge, MA
Language: eng
Number of pages: 55
Subjects: Stocks -- Prices -- Mathematical models.; Rate of return.; Capital assets pricing model.; Stock price forecasting.; Consumption (Economics)
Notes: "January 1995."

Includes bibliographical references (p. 47-53).

Electronic access limited to Binghamton University faculty, staff and students for instructional and research purposes only.

Electronic version available via the Internet at the NBER World Wide Web site.

Research support from the National Science Foundation.