Asset Pricing with Horizon-Dependent Risk Aversion - FEDERAL RESERVE BANK of NEW YORK

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Horizon-Dependent Risk Aversion and the Timing and Pricing of Uncertainty

Previous title: "Asset Pricing with Horizon-Dependent Risk Aversion"
Marianne Andries, Thomas M. Eisenbach, and Martin C. Schmalz
Staff Reports, Number 703, December 2014
Revised January 2017

Author Disclosure Statements

Marianne Andries
The author declares that she has no relevant or material financial interests that relate to the research described in this paper.

Thomas M. Eisenbach
I am employed by the Federal Reserve Bank of New York. The views expressed in the article under submission reflect my views and the views of my co-authors, but do not necessarily represent the views of the Federal Reserve Bank of New York, Federal Reserve Board, or the Federal Reserve System.

I have not received outside financial support for the research in this article.

I have not received any fees or payments from any institutions that might be relevant to the content of the research under submission.

No close relative has received funding or financial support, or is an officer, director, or board member of any relevant organization.

The article was vetted prior to circulation outside the Federal Reserve Board and the Federal Reserve Bank of New York.

Martin C. Schmalz
The author declares that he has no relevant or material financial interests that relate to the research described in this paper.

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