• Asset Prices and Portfolio Choice With Learning from Experience 

      Ehling, Paul; Graniero, Alessandro; Heyerdahl-Larsen, Christian (Journal article; Peer reviewed, 2018)
      We study asset prices and portfolio choice with overlapping generations, where the young disregard history to learn from own experience. Disregarding history implies less precise estimates of output growth, which in ...
    • Asset pricing with multiple assets and goods 

      Heyerdahl-Larsen, Christian (Series of Dissertations;5/2009, Doctoral thesis, 2009)
      This dissertation consists of three papers; 'Asset Prices and Real Exchange Rates with Deep Habits', 'Financial Market Completeness in Multi-Good Economies' and 'Correlations'. The rest of the section is organized as ...
    • Complete and incomplete financial markets in multi-good economies 

      Ehling, Paul; Heyerdahl-Larsen, Christian (Journal article; Peer reviewed, 2015)
      We investigate conditions for endogenous incompleteness and completeness in continuoustime nancial markets driven by di usion processes with multiple consumption goods and heterogeneous agents. We show that for a class ...
    • Correlations 

      Ehling, Paul; Heyerdahl-Larsen, Christian (Journal article; Peer reviewed, 2017)
      Correlations of equity returns have varied substantially over time and remain a source of continuing policy debate. This paper studies stock market correlations in an equilibrium model with heterogeneous risk aversion. In ...