7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

1/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

2/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

3/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

4/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

5/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

6/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

7/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

8/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

9/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

10/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

11/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

12/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

13/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

14/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

15/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

16/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

17/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

18/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

19/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

20/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

21/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

22/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

23/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

24/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

25/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

26/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

27/28

7/31/2019 Cochrane 1988 How Big is the Random Walk in GNP

28/28