Ravi Bansal is at Fuqua School of Business at Duke University and NBER. Dana Kiku is at College of Business at the University of Illinois at Urbana-Champaign. Ivan Shaliastovich is at The Wharton School at University of Pennsylvania. Amir Yaron is at The Wharton School at University of Pennsylvania and NBER. We thank David Backus (Acting Editor) and two anonymous referees for heplful comments as well as seminar participants at AFA 2012, EFA 2012, NBER Spring 2012 Asset-Pricing Meeting, CAPR workshop, CF-Penn-Tinbergen conference, 2012 ESSFM, 2012 Tel Aviv Finance Conference, Mitsui Finance symposium, NCMV at Madrid 2012, NYU-2011 Five Star conference, SED 2011, WFA 2012, Arizona State University, Boston College, Concordia University, Duke University, IDC, London School of Economics, MIT, The Wharton School, University of British Columbia, University of New South Wales, University of North Carolina, University of Sydney, University of Technology Sydney, University of Texas at Austin, Vanderbilt University, Washington University at St. Louis, and Yale University. Shaliastovich and Yaron thank the Rodney White Center for financial support.
Volatility, the Macroeconomy, and Asset Prices
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This article has been accepted for publication and undergone full peer review but has not been through the copyediting, typesetting, pagination and proofreading process which may lead to differences between this version and the Version of Record. Please cite this article as doi: 10.1111/jofi.12110.
- Accepted manuscript online: 30 SEP 2013 09:16AM EST
- Manuscript Accepted: 24 JUL 2013
- Manuscript Received: 27 FEB 2012
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