Asset Pricing at the Millennium 这是该文的摘要，不知搂主说何出此言？？？？？？？

JOHN Y. CAMPBELL* ABSTRACT This paper surveys the field of asset pricing. The emphasis is on the interplay between theory and empirical work and on the trade-off between risk and return. Modern research seeks to understand the behavior of the stochastic discount factor ~SDF! that prices all assets in the economy. The behavior of the term structure of real interest rates restricts the conditional mean of the SDF, whereas patterns of risk premia restrict its conditional volatility and factor structure. Stylized facts about interest rates, aggregate stock prices, and cross-sectional patterns in stock returns have stimulated new research on optimal portfolio choice, intertemporal equilibrium models, and behavioral finance.

行为经济专家........

大洋彼岸好象没有这种称谓吧

不过J.Y.Campbell在asset pricing方面的确小有名气.

在他哈佛的主页上有他的资产定价的讲义和实证研究

弟兄门有兴趣可以去看看

2006?