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Mean Reversion and Consumption Smoothing

Fischer Black

Goldman Sachs (United States)

Review of Financial Studies 1990 open access

Stambaugh, and especially to Robert Merton for comments on a previous draft. This paper is part of NBER's research program in Financial Markets and Monetary Economics. Any opinions expressed are those of the author not those

DOI
10.1093/rfs/3.1.107
Volume
3 (1)
Pages
107-114
Language
en
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