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Determinants of long-term bond risk

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  • William D. Jackson

Abstract

Investor risk aversion in the long-term bond markets strongly influences the ability of many businesses to finance capital expenditures.

Suggested Citation

  • William D. Jackson, 1976. "Determinants of long-term bond risk," Working Paper 76-03, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:fedrwp:76-03
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    References listed on IDEAS

    as
    1. Lawrence Fisher, 1959. "Determinants of Risk Premiums on Corporate Bonds," Journal of Political Economy, University of Chicago Press, vol. 67(3), pages 217-217.
    2. Jaffee, Dwight M., 1975. "Cyclical variations in the risk structure of interest rates," Journal of Monetary Economics, Elsevier, vol. 1(3), pages 309-325, July.
    3. Feige, Edgar L & Pearce, Douglas K, 1976. "Economically Rational Expectations: Are Innovations in the Rate of Inflation Independent of Innovations in Measures of Monetary and Fiscal Policy?," Journal of Political Economy, University of Chicago Press, vol. 84(3), pages 499-522, June.
    4. Ederington, Louis H, 1974. "The Yield Spread of New Issues of Corporate Bonds," Journal of Finance, American Finance Association, vol. 29(5), pages 1531-1543, December.
    5. Alan C. Hess, 1975. "The Riskless Rate of Interest and the Market Price of Risk," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 89(3), pages 444-455.
    6. Lintner, John, 1969. "The Aggregation of Investor's Diverse Judgments and Preferences in Purely Competitive Security Markets," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 4(4), pages 347-400, December.
    7. Michael C. Jensen, 1972. "Capital Markets: Theory and Evidence," Bell Journal of Economics, The RAND Corporation, vol. 3(2), pages 357-398, Autumn.
    8. Keith M. Carlson & Roger W. Spencer, 1975. "Crowding out and its critics," Review, Federal Reserve Bank of St. Louis, vol. 57(Dec), pages 2-17.
    9. Cebula, Richard J, 1973. "Deficit Spending, Expectations, and Fiscal Policy Effectiveness," Public Finance = Finances publiques, , vol. 28(3-4), pages 362-370.
    10. Roger W. Spencer & William P. Yohe, 1970. "The \\"crowding out\\" of private expenditures by fiscal policy actions," Review, Federal Reserve Bank of St. Louis, vol. 52(Oct), pages 12-24.
    11. William D. Jackson, 1976. "Federal deficits, inflation, and monetary growth : can they predict interest rates?," Economic Review, Federal Reserve Bank of Richmond, vol. 62(Sep), pages 13-25.
    12. Alfred Broaddus, 1975. "Aggregating the monetary aggregates : concepts and issues," Economic Review, Federal Reserve Bank of Richmond, vol. 61(Nov).
    13. Lintner, John, 1975. "Inflation and Security Returns," Journal of Finance, American Finance Association, vol. 30(2), pages 259-280, May.
    14. Joseph Bisignano, 1975. "The effect of inflation on savings behavior," Economic Review, Federal Reserve Bank of San Francisco, issue Dec, pages 21-26.
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