Parameter Learning in General Equilibrium: The Asset Pricing Implications

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Nobel Lecture: Uncertainty Outside and Inside Economic Models (2014, background): “See Hansen, Heaton, and Luttmer ð1995Þ for further discussion.”
Higher-order effects in asset-pricing models with long-run risks (2018, unknown): “Economically, when shocks are highly persistent, agents can spend longer periods trapped in undesirable parts of the state 1Prominent exceptions that do not rely on log-linearized solutions are the studies by Croce et al. (2015) and Collin-Dufresne et al. (2016).”
Stock Price Booms and Expected Capital Gains (2017, unknown): “DeLong et al. (1990) show how the pricing e¤ects of positive feedback trading survives or even get amplied by the introduction of rational speculators. The approach used in the present paper di¤ers along several dimensions from the contributions mentioned in the previous paragraph. First, we compar”