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Martin
Lettau Professor
of Finance Haas
School of Business University of California at Berkeley Faculty
Research Fellow, NBER Contact
Information: Haas School of Business 545 Student Services Bldg., #1900 Berkeley, CA 94720-1900 Phone: (510) 643-6349 Fax: (510) 643-1420 |
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Current estimate of the transitory component of financial wealth 2008Q3:
[pdf]
Source:
Updated data from "Understanding Trend and Cycle in Asset Values: Reevaluating
the Wealth Effect on Consumption," American Economic Review, 94 (1),
279-299, March 2004, with Sydney Ludvigson.