Woodrow Wilson School, Princeton University and International Finance Division, Board of Governors of the Federal Reserve System. This paper was presented at the annual meeting of the American Finance Association, Washington DC, December 1990. We are grateful to Ben Bernanke, Robert Stambaugh, and two anonymous referees for helpful comments, and to Rick Mishkin for assistance with the data. Campbell acknowledges financial support from the National Science Foundation and the Sloan Foundation. The opinions expressed in this paper are those of the authors and do not necessarily reflect the views of the Board of Governors or other employees of the Federal Reserve System.
What Moves the Stock and Bond Markets? A Variance Decomposition for Long-Term Asset Returns
Article first published online: 30 APR 2012
1993 The American Finance Association
The Journal of Finance
Volume 48, Issue 1, pages 3–37, March 1993
How to Cite
CAMPBELL, J. Y. and AMMER, J. (1993), What Moves the Stock and Bond Markets? A Variance Decomposition for Long-Term Asset Returns. The Journal of Finance, 48: 3–37. doi: 10.1111/j.1540-6261.1993.tb04700.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
Options for accessing this content:
- If you have access to this content through a society membership, please first log in to your society website.
- If you would like institutional access to this content, please recommend the title to your librarian.
- Login via other institutional login options http://onlinelibrary.wiley.com/login-options.
- You can purchase online access to this Article for a 24-hour period (price varies by title)
- If you already have a Wiley Online Library or Wiley InterScience user account: login above and proceed to purchase the article.
- New Users: Please register, then proceed to purchase the article.
Type your institution's name in the box below. If your institution is a Wiley customer, it will appear in the list of suggested institutions and you will be able to log in to access content. Some users may also log in directly via OpenAthens.
Please note that there are currently a number of duplicate entries in the list of institutions. We are actively working on fixing this issue and apologize for any inconvenience caused.
Registered Users please login:
- Access your saved publications, articles and searches
- Manage your email alerts, orders and subscriptions
- Change your contact information, including your password
Please register to:
- Save publications, articles and searches
- Get email alerts
- Get all the benefits mentioned below!