The Cross-Section and Time-Series of Stock and Bond Returns
NBER Working Paper No. 15688
---- Acknowledgements -----
First version: February 2009. For excellent research assistance, we thank Rustom Irani and Michelle Zemel. We thank Jaewon Choi and Ed Altman for sharing data with us. We thank Jules van Binsbergen, John Campbell, John Cochrane, George Constantinides, Greg Duffee, Eugene Fama, Lars Hansen, John Heaton, Martin Lettau, Lars Lochstoer, Tobias Moskowitz, Stavros Panageas, Lubos Pastor, Monika Piazzesi, Maxim Ulrich, Pietro Veronesi, Bas Werker, Mungo Wilson, and seminar participants at Tilburg University, APG Investments, ULB ECARES, Temple University, University of Texas at Austin, New York University Stern finance, Boston University, Chicago Booth, University of Vienna, Erasmus University of Rotterdam, U.C. Berkeley Haas, New York University Stern's macro lunch, Washington University at St. Louis, the Adam Smith Asset Pricing Conference in Oxford, the macro-finance conference at the University of Minnesota, the Amsterdam Asset Pricing Retreat, the Society for Economic Dynamics in Istanbul, the CEPR Financial Markets conference in Gerzensee, the European Finance Association conference in Bergen, and the American Finance Association conference in Atlanta for useful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.