Valuation Risk and Asset Pricing
NBER Working Paper No. 18617
---- Acknowledgements -----
We benefited from the comments and suggestions of Fernando Alvarez, Frederico Belo, Jaroslav Borovička, Lars Hansen, Anisha Ghosh, Ravi Jaganathan, Tasos Karantounias, Junghoon Lee, Jonathan Parker, Costis Skiadas, and Ivan Werning. We thank Robert Barro, Emi Nakamura, Jón Steinsson, and José Ursua for sharing their data with us and Benjamin Johannsen for superb research assistance. Albuquerque gratefully acknowledges financial support from the European Union Seventh Framework Programme (FP7/2007-2013) under grant agreement PCOFUND-GA-2009-246542. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. A previous version of this paper was presented under the title “Understanding the Equity Premium Puzzle and the Correlation Puzzle,” http://tinyurl.com/akfmvxb.=
---- Disclosure of Financial Relationships for Martin S. Eichenbaum -----
Non-teaching compensated activities: 2009 through 2012 (excludes token honoraria).
Co-editor, American Economic Review, 2011 - .
Associate Editor, Journal of Monetary Economics, 1989 – 2010.
Federal Reserve Bank of Atlanta, advisor.
Federal Reserve Bank of Chicago, advisor.
Jefferies Associates, economic outlook talk.
Hightower Associates, consultant.
Advisory Council Member, Global Markets Institute at Goldman Sachs.
---- Disclosure of Financial Relationships for Sergio Rebelo -----
I have no outside financial relationships that relate to this research. Rebelo's list of outside activities can be found at: http://www.kellogg.northwestern.edu/faculty/rebelo/htm/Outside_Activities.html