Martin Lettau

1966

• A primer on the economics and time series econometrics of wealth effects
• Consumption, aggregate wealth and expected stock returns
• Euler equation errors
• Expected returns and expected dividend growth
• Idiosyncratic risk and volatility bounds, or can models with idiosyncratic risk solve the equity premium puzzle?
• Reconciling the return predictability evidence
• Resurrecting the (c)CAPM
• Shocks and crashes
• The declining equity premium
• Understanding trend and cycle in asset values
• Why is long-horizon equity less risky?