How Much Would You Pay to Resolve Long-Run Risk?

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Asset Pricing with Countercyclical Household Consumption Risk (2017, unknown): “The estimated EIS is low and the model is not subject to the criticism in Epstein, Farhi, and Strzalecki (2014) on the extreme implications of models with high EIS regarding the preference for early resolution of uncertainty.”
Asset Pricing in the Frequency Domain: Theory and Empirics (2016, methodology): “We begin by showing that when 1 See also Epstein, Farhi, and Strzalecki (2014), who quantitatively analyze the preference for the timing of the resolution of uncertainty under Epstein-Zin preferences. we apply the standard Euler equation estimation methodology of Hansen and Singleton (1982) using…”