The Euler equations derived from intertemporal asset pricing models, together with the unconditional moments of asset returns, imply a lower bound on the volatility of the intertemporal marginal rate ...
Journal of the European Economic Association, Vol. 4, No. 2/3, Papers and Proceedings of the Twentieth Annual Congress of the European Economic Association (Apr. - May, 2006), pp. 644-655 (12 pages) ...