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Publications

by members of

Finance Department
Wharton School of Business
University of Pennsylvania
Philadelphia, Pennsylvania (United States)

These are publications listed in RePEc written by members of the above institution who are registered with the RePEc Author Service. Thus this compiles the works all those currently affiliated with this institution, not those affilated at the time of publication. List of registered members. Register yourself. Citation analysis. Find also a compilation of publications from alumni here.

This page is updated in the first days of each month.


| Working papers | Journal articles | Books | Chapters |

Working papers

Undated material is listed at the end

2022

  1. Xiang Fang & Bryan Hardy & Karen K. Lewis, 2022. "Who Holds Sovereign Debt and Why It Matters," NBER Working Papers 30087, National Bureau of Economic Research, Inc.
  2. Karen K. Lewis & Edith Liu, 2022. "How Can Asset Prices Value Exchange Rate Wedges?," NBER Working Papers 30422, National Bureau of Economic Research, Inc.
  3. Andrew B. Abel & Stavros Panageas, 2022. "Running Primary Deficits Forever in a Dynamically Efficient Economy: Feasibility and Optimality," NBER Working Papers 30554, National Bureau of Economic Research, Inc.
  4. Edmans, Alex & Levit, Doron & Schneemeier, Jan, 2022. "Socially Responsible Divestment," CEPR Discussion Papers 17262, C.E.P.R. Discussion Papers.
  5. Xiang Fang & Yang Liu & Nikolai Roussanov, 2022. "Getting to the Core: Inflation Risks Within and Across Asset Classes," NBER Working Papers 30169, National Bureau of Economic Research, Inc.
  6. Loretta J. Mester, 2022. "Rebalancing the U.S. Economy and Monetary Policy," Speech 93697, Federal Reserve Bank of Cleveland.
  7. Loretta J. Mester, 2022. "Transitioning Monetary Policy," Speech 93727, Federal Reserve Bank of Cleveland.
  8. Loretta J. Mester, 2022. "Views on the Economy and Monetary Policy," Speech 93864, Federal Reserve Bank of Cleveland.
  9. Loretta J. Mester, 2022. "Successful Workforce Development Programs: Four Lessons from Four Decades of Federal Reserve Research and Outreach," Speech 93990, Federal Reserve Bank of Cleveland.
  10. Loretta J. Mester, 2022. "The FOMC’s Plan for Significantly Reducing the Federal Reserve’s Securities Holdings," Speech 94187, Federal Reserve Bank of Cleveland.
  11. Loretta J. Mester, 2022. "The Great Recalibration of U.S. Monetary Policy," Speech 94204, Federal Reserve Bank of Cleveland.
  12. Loretta J. Mester, 2022. "The Role of Inflation Expectations in Monetary Policymaking: A Practitioner’s Perspective," Speech 94404, Federal Reserve Bank of Cleveland.
  13. Loretta J. Mester, 2022. "Returning to Price Stability," Speech 94695, Federal Reserve Bank of Cleveland.
  14. Loretta J. Mester, 2022. "An Update on the Economic Outlook and Monetary Policy," Speech 94728, Federal Reserve Bank of Cleveland.
  15. Loretta J. Mester, 2022. "Inflation, Inflation Expectations, and Monetary Policymaking Strategy," Speech 94824, Federal Reserve Bank of Cleveland.
  16. Loretta J. Mester, 2022. "An Update on the Federal Reserve’s Efforts to Modernize the Payment System," Speech 94864, Federal Reserve Bank of Cleveland.
  17. Loretta J. Mester, 2022. "An Update on the Economy and Monetary Policy: Perseverance in Returning to Price Stability," Speech 94897, Federal Reserve Bank of Cleveland.
  18. Loretta J. Mester, 2022. "A Diligent Return to Price Stability," Speech 95099, Federal Reserve Bank of Cleveland.
  19. Paul Goldsmith-Pinkham & Matthew T. Gustafson & Ryan C. Lewis & Michael Schwert, 2022. "Sea Level Rise Exposure and Municipal Bond Yields," NBER Working Papers 30660, National Bureau of Economic Research, Inc.
  20. Winston Wei Dou & Leonid Kogan & Wei Wu, 2022. "Common Fund Flows: Flow Hedging and Factor Pricing," NBER Working Papers 30234, National Bureau of Economic Research, Inc.

2021

  1. Urban Jermann, 2021. "Interest Received by Banks during the Financial Crisis: LIBOR vs Hypothetical SOFR Loans," NBER Working Papers 29614, National Bureau of Economic Research, Inc.
  2. Ulrich Doraszelski & João F. Gomes & Felix Nockher, 2021. "Dynamic Strategic Corporate Finance: A Tug of War with Financial Frictions," NBER Working Papers 29310, National Bureau of Economic Research, Inc.
  3. Lubos Pastor & Robert F. Stambaugh & Lucian A. Taylor, 2021. "Dissecting Green Returns," NBER Working Papers 28940, National Bureau of Economic Research, Inc.
  4. Jianan Liu & Tobias J. Moskowitz & Robert F. Stambaugh, 2021. "Pricing Without Mispricing," NBER Working Papers 29016, National Bureau of Economic Research, Inc.
  5. Chaigneau, Pierre & Edmans, Alex & Gottlieb, Daniel, 2021. "How Should Performance Signals Affect Contracts?," CEPR Discussion Papers 15755, C.E.P.R. Discussion Papers.
  6. Edmans, Alex & Fernandez, Adrian & Garel, Alexandre & Indriawan, Ivan, 2021. "Music Sentiment and Stock Returns Around the World," CEPR Discussion Papers 15756, C.E.P.R. Discussion Papers.
  7. Edmans, Alex, 2021. "The Purpose of a Finance Professor," CEPR Discussion Papers 16845, C.E.P.R. Discussion Papers.
  8. Alex Edmans & Tom Gosling & Dirk Jenter, 2021. "CEO Compensation: Evidence from the Field," CESifo Working Paper Series 9162, CESifo.
  9. Edmans, Alex, 2021. "When Is (Performance-Sensitive) Debt Optimal?," CEPR Discussion Papers 16433, C.E.P.R. Discussion Papers.
  10. Larry Cordell & Michael R. Roberts & Michael Schwert, 2021. "CLO Performance," NBER Working Papers 29410, National Bureau of Economic Research, Inc.
  11. Elin Halvorsen & Serdar Ozkan & Sergio Salgado, 2021. "Earnings Dynamics and Its Intergenerational Transmission: Evidence from Norway," Working Papers 2021-015, Federal Reserve Bank of St. Louis, revised 07 Jul 2022.
  12. Loretta J. Mester, 2021. "Remarks for the Session: “Increasing Diversity in Economics: From Students to Professors”," Speech 89390, Federal Reserve Bank of Cleveland.
  13. Loretta J. Mester, 2021. "Patience Will Be a Virtue in Fostering a Broad-Based Sustainable Recovery," Speech 89391, Federal Reserve Bank of Cleveland.
  14. Loretta J. Mester, 2021. "Moving Toward a Broad-Based Sustainable Economic Recovery in the U.S," Speech 89440, Federal Reserve Bank of Cleveland.
  15. Loretta J. Mester, 2021. "A Bright Outlook for the U.S. Economy," Speech 91368, Federal Reserve Bank of Cleveland.
  16. Loretta J. Mester, 2021. "The Cycle of Disparities in Economic Outcomes and Opportunities," Speech 91559, Federal Reserve Bank of Cleveland.
  17. Loretta J. Mester, 2021. "Toward a More Inclusive Labor Market and Stronger Economy," Speech 91560, Federal Reserve Bank of Cleveland.
  18. Loretta J. Mester, 2021. "Financial Stability and Monetary Policy in a Low-Interest-Rate Environment," Speech 92790, Federal Reserve Bank of Cleveland.
  19. Loretta J. Mester, 2021. "The Federal Reserve’s Revised Monetary Policy Strategy and Its First Year of Practice," Speech 93044, Federal Reserve Bank of Cleveland.
  20. Loretta J. Mester, 2021. "What’s Ahead for the U.S. Economy and Monetary Policy?," Speech 93067, Federal Reserve Bank of Cleveland.
  21. Loretta J. Mester, 2021. "Cybersecurity and the Federal Reserve," Speech 93155, Federal Reserve Bank of Cleveland.
  22. Darren Aiello & Asaf Bernstein & Mahyar Kargar & Ryan Lewis & Michael Schwert, 2021. "The Economic Burden of Pension Shortfalls: Evidence from House Prices," NBER Working Papers 29405, National Bureau of Economic Research, Inc.

2020

  1. Andrew B. Abel & Stavros Panageas, 2020. "Precautionary Saving in a Financially-Constrained Firm," NBER Working Papers 26628, National Bureau of Economic Research, Inc.
  2. Andrew B. Abel & Stavros Panageas, 2020. "An Analytic Framework For Interpreting Investment Regressions In The Presence Of Financial Constraints," NBER Working Papers 26898, National Bureau of Economic Research, Inc.
  3. Andrew B. Abel & Stavros Panageas, 2020. "Social Distancing, Vaccination and the Paradoxical Optimality of an Endemic Equilibrium," NBER Working Papers 27742, National Bureau of Economic Research, Inc.
  4. Jonathan S. Hartley & Urban Jermann, 2020. "Should the U.S. Government Issue Floating Rate Notes?," NBER Working Papers 27065, National Bureau of Economic Research, Inc.
  5. Vincent Glode & Christian C. Opp & Ruslan Sverchkov, 2020. "To Pool or Not to Pool? Security Design in OTC Markets," NBER Working Papers 27361, National Bureau of Economic Research, Inc.
  6. Vincent Glode & Christian Opp, 2020. "Renegotiation in Debt Chains," NBER Working Papers 27883, National Bureau of Economic Research, Inc.
  7. Alexandr Kopytov & Nikolai Roussanov & Mathieu Taschereau-Dumouchel, 2020. "Cheap Thrills: the Price of Leisure and the Global Decline in Work Hours," NBER Working Papers 27744, National Bureau of Economic Research, Inc.
  8. Michael R. Roberts & Michael Schwert, 2020. "Interest Rates and the Design of Financial Contracts," NBER Working Papers 27195, National Bureau of Economic Research, Inc.
  9. Mehran Ebrahimian & Jessica Wachter, 2020. "Risks to Human Capital," NBER Working Papers 26823, National Bureau of Economic Research, Inc.
  10. Loretta J. Mester, 2020. "Modernizing Our Payments System; Fourth Annual Financial Literacy Day: Understanding Global Markets and Finance," Speech 87475, Federal Reserve Bank of Cleveland.
  11. Loretta J. Mester, 2020. "“Hall of Mirrors: Feedback Between Monetary Policy and Asset Prices” 02.21.20; Panel Remarks at the 2020 U.S. Monetary Policy Forum Sponsored by the Initiative on Global Markets at the University of C," Speech 87506, Federal Reserve Bank of Cleveland.
  12. Loretta J. Mester, 2020. "The Outlook for the Economy and Monetary Policy in 2020, 36th Annual NABE Economic Policy Conference," Speech 87515, Federal Reserve Bank of Cleveland.
  13. Loretta J. Mester, 2020. "An Update on the U.S. Economy and the Federal Reserve’s Review of Its Monetary Policy Framework; 03.03.2020; The Society of Professional Economists, Annual Dinner, London, United Kingdom," Speech 87587, Federal Reserve Bank of Cleveland.
  14. Loretta J. Mester, 2020. "Remarks for the Panel: “Transparency and Communications” 03.06.20; The Shadow Open Market Committee Conference, Current Monetary Policy: The Influence of Marvin Goodfriend, New York, NY," Speech 87588, Federal Reserve Bank of Cleveland.
  15. Loretta J. Mester, 2020. "Statement Regarding My Dissenting Vote at the Meeting of the Federal Open Market Committee Held on March 15, 2020," Speech 87682, Federal Reserve Bank of Cleveland.
  16. Loretta J. Mester, 2020. "An Update on the Economy and the Federal Reserve’s Policy Response; 05.12.20 Loretta J. Mester: POWER Series, CFA Society Chicago, Chicago, IL (via videoconference)," Speech 87961, Federal Reserve Bank of Cleveland.
  17. Loretta J. Mester, 2020. "The Outlook for the Economy and Federal Reserve Policy," Speech 88189, Federal Reserve Bank of Cleveland.
  18. Loretta J. Mester, 2020. "The Economy and Monetary Policy in Our Challenging Times," Speech 88520, Federal Reserve Bank of Cleveland.
  19. Loretta J. Mester, 2020. "An Update on the Economy and Monetary Policy," Speech 88683, Federal Reserve Bank of Cleveland.
  20. Loretta J. Mester, 2020. "Payments and the Pandemic," Speech 88757, Federal Reserve Bank of Cleveland.
  21. Loretta J. Mester, 2020. "Toward a More Inclusive Economy," Speech 88794, Federal Reserve Bank of Cleveland.
  22. Loretta J. Mester, 2020. "The Federal Reserve’s New Monetary Policy Strategy," Speech 88955, Federal Reserve Bank of Cleveland.
  23. Loretta J. Mester, 2020. "Fintech, Bigtech, and Financial Inclusion," Speech 89015, Federal Reserve Bank of Cleveland.
  24. Loretta J. Mester, 2020. "An Update on the Effects of the Pandemic on the Economy," Speech 89396, Federal Reserve Bank of Cleveland.
  25. Xu Cheng & Winston Wei Dou & Zhipeng Liao, 2020. "Macro-Finance Decoupling: Robust Evaluations of Macro Asset Pricing Models," PIER Working Paper Archive 20-019, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.

2019

  1. Urban Jermann, 2019. "Negative Swap Spreads and Limited Arbitrage," NBER Working Papers 25422, National Bureau of Economic Research, Inc.
  2. Urban J. Jermann & Bin Wei & Vivian Z. Yue, 2019. "The Two-Pillar Policy for the RMB," FRB Atlanta Working Paper 2019-8, Federal Reserve Bank of Atlanta.
  3. Lubos Pastor & Robert F. Stambaugh, 2019. "Liquidity Risk After 20 Years," NBER Working Papers 25774, National Bureau of Economic Research, Inc.
  4. Robert F. Stambaugh, 2019. "Skill and Profit in Active Management," NBER Working Papers 26027, National Bureau of Economic Research, Inc.
  5. Lubos Pastor & Robert F. Stambaugh & Lucian A. Taylor, 2019. "Sustainable Investing in Equilibrium," NBER Working Papers 26549, National Bureau of Economic Research, Inc.
  6. Chaigneau, Pierre & Edmans, Alex & Gottlieb, Daniel, 2019. "The informativeness principle without the first-order approach," LSE Research Online Documents on Economics 102226, London School of Economics and Political Science, LSE Library.
  7. Ravi Bansal & Shane Miller & Dongho Song & Amir Yaron, 2019. "The Term Structure of Equity Risk Premia," NBER Working Papers 25690, National Bureau of Economic Research, Inc.
  8. Hongye Guo & Jessica A. Wachter, 2019. ""Superstitious" Investors," NBER Working Papers 25603, National Bureau of Economic Research, Inc.
  9. Jessica A. Wachter & Michael Jacob Kahana, 2019. "A Retrieved-Context Theory Of Financial Decisions," NBER Working Papers 26200, National Bureau of Economic Research, Inc.
  10. Sergio Salgado, 2019. "Technical Change and Entrepreneurship," 2019 Meeting Papers 634, Society for Economic Dynamics.
  11. Sergio Salgado & Fatih Guvenen & Nicholas Bloom, 2019. "Skewed Business Cycles," 2019 Meeting Papers 1189, Society for Economic Dynamics.
  12. Mons Chan & Ming Xu & Sergio Salgado, 2019. "Heterogeneous Passthrough from TFP to Wages," 2019 Meeting Papers 1447, Society for Economic Dynamics.
  13. Loretta J. Mester, 2019. "Perspectives on the Economic Outlook and Monetary Policy in the Coming Year: 02-04-2019; The 50 Club, Cleveland, Ohio," Speech 103, Federal Reserve Bank of Cleveland.
  14. Loretta J. Mester, 2019. "The Outlook for the Economy and Monetary Policy; 02.12.19; Financial Executives International and Xavier University, Cincinnati, OH," Speech 104, Federal Reserve Bank of Cleveland.
  15. Loretta J. Mester, 2019. "The Outlook for the Economy and Monetary Policy; 02.13.19; University of Kentucky Gatton College of Business and Economics, 2019 Economic Outlook Conference, Lexington, KY," Speech 105, Federal Reserve Bank of Cleveland.
  16. Loretta J. Mester, 2019. "Transitions: The Economy, Monetary Policy, and Policy Communications; 02.19.19, Lyons Companies and the Center for Economic Education and Entrepreneurship, Alfred Lerner College of Business and Econom," Speech 106, Federal Reserve Bank of Cleveland.
  17. Loretta J. Mester, 2019. "Increasing Diversity, Inclusion, and Opportunity in Economics: Perspectives of a Brown-Eyed Economist: 02.28.19 Second Annual Women in Economics Symposium, Federal Reserve Bank of St. Louis, St. Louis," Speech 107, Federal Reserve Bank of Cleveland.
  18. Loretta J. Mester, 2019. "Perspectives on Cybersecurity, the Financial System, and the Federal Reserve; 04.04.19 Ohio Bankers Day, Ohio Division of Financial Institutions, Columbus, OH," Speech 108, Federal Reserve Bank of Cleveland.
  19. Loretta J. Mester, 2019. "Improving Our Monetary Policy Strategy; 05.03.19, The Hoover Institution, Stanford University, Stanford, CA," Speech 109, Federal Reserve Bank of Cleveland.
  20. Loretta J. Mester, 2019. "Views on the U.S. Economy and Monetary Policy; 07.02.19 The European Economics and Financial Centre; Distinguished Speaker Seminar, London, UK," Speech 110, Federal Reserve Bank of Cleveland.
  21. Loretta J. Mester, 2019. "An Update on the Economic Outlook and Monetary Policy: 10-10-2019; Mellen Executive Speaker Series, John Carroll University, University Heights, OH," Speech 111, Federal Reserve Bank of Cleveland.
  22. Loretta J. Mester, 2019. "Cybersecurity and Financial Stability; 2019 Financial Stability Conference – Financial Stability: Risks, Resilience, and Policy, 11.21.19; Federal Reserve Bank of Cleveland and the Office of Financial," Speech 112, Federal Reserve Bank of Cleveland.
  23. Hui Chen & Winston Wei Dou & Leonid Kogan, 2019. "Measuring “Dark Matter” in Asset Pricing Models," NBER Working Papers 26418, National Bureau of Economic Research, Inc.
  24. Paul Décaire & Erik P. Gilje & Jérôme P. Taillard, 2019. "Real Option Exercise: Empirical Evidence," NBER Working Papers 25624, National Bureau of Economic Research, Inc.

2018

  1. João F. Gomes & Marco Grotteria & Jessica Wachter, 2018. "Foreseen Risks," NBER Working Papers 25277, National Bureau of Economic Research, Inc.
  2. Jianan Liu & Robert F. Stambaugh & Yu Yuan, 2018. "Size and Value in China," NBER Working Papers 24458, National Bureau of Economic Research, Inc.
  3. Chaigneau, Pierre & Edmans, Alex & Gottlieb, Daniel, 2018. "Does improved information improve incentives?," LSE Research Online Documents on Economics 102227, London School of Economics and Political Science, LSE Library.
  4. Michele Cavallo & Anthony Landry, 2018. "Capital-Goods Imports and US Growth," Staff Working Papers 18-1, Bank of Canada.
  5. Karyne B. Charbonneau & Anthony Landry, 2018. "The Trade War in Numbers," Staff Working Papers 18-57, Bank of Canada.
  6. Karyne B. Charbonneau & Anthony Landry, 2018. "Estimating the Impacts of Tariff Changes: Two Illustrative Scenarios," Staff Analytical Notes 2018-29, Bank of Canada.
  7. Alexandr Kopytov & Nikolai Roussanov & Mathieu Taschereau-Dumouchel, 2018. "Short-Run Pain, Long-Run Gain? Recessions and Technological Transformation," NBER Working Papers 24373, National Bureau of Economic Research, Inc.
  8. Nikolai Roussanov & Hongxun Ruan & Yanhao Wei, 2018. "Marketing Mutual Funds," NBER Working Papers 25056, National Bureau of Economic Research, Inc.
  9. Jessica A. Wachter & Yicheng Zhu, 2018. "The Macroeconomic Announcement Premium," NBER Working Papers 24432, National Bureau of Economic Research, Inc.
  10. Jerry Tsai & Jessica A. Wachter, 2018. "Pricing Long-Lived Securities in Dynamic Endowment Economies," NBER Working Papers 24641, National Bureau of Economic Research, Inc.
  11. Simon Oh & Jessica A. Wachter, 2018. "Cross-sectional Skewness," NBER Working Papers 25113, National Bureau of Economic Research, Inc.
  12. Donald B. Keim & Massimo Massa & Bastian von Beschwitz, 2018. "First to \"Read\" the News: New Analytics and Algorithmic Trading," International Finance Discussion Papers 1233, Board of Governors of the Federal Reserve System (U.S.).
  13. Loretta J. Mester, 2018. "Monetary Policy Frameworks; Panel Remarks for the National Association for Business Economics and American Economic Association Session, \"Coordinating Conventional and Unconventional Monetary Po," Speech 89, Federal Reserve Bank of Cleveland.
  14. Loretta J. Mester, 2018. "Financial Stability Framework; Panel Remarks for the International Banking, Economics, and Finance Association and American Economic Association Session, \"Integrating Financial Stability with Mo," Speech 90, Federal Reserve Bank of Cleveland.
  15. Loretta J. Mester, 2018. "The Federal Reserve and Monetary Policy Communications: The Tangri Lecture, Rutgers University, New Brunswick, NJ. 01/17/2018," Speech 91, Federal Reserve Bank of Cleveland.
  16. Loretta J. Mester, 2018. "The Outlook for the Economy and Monetary Policy; Vantage Point: Economists on the Economy Series, The Council for Economic Education, New York, NY," Speech 92, Federal Reserve Bank of Cleveland.
  17. Loretta J. Mester, 2018. "Views on the Economy and Monetary Policy: Government Affairs Breakfast Series, Dayton Area Chamber of Commerce, Dayton, OH," Speech 93, Federal Reserve Bank of Cleveland.
  18. Loretta J. Mester, 2018. "Remarks on the FOMC’s Monetary Policy Framework; 02-23-2018: Panel Remarks at the 2018 U.S. Monetary Policy Forum, Sponsored by the Initiative on Global Markets at the University of Chicago Booth Scho," Speech 94, Federal Reserve Bank of Cleveland.
  19. Loretta J. Mester, 2018. "The Economic Outlook, Monetary Policy, and Some Future Considerations for the Monetary Policy Agenda; 03.26.18; The Julis-Rabinowitz Center for Public Policy and Finance, Princeton University, Princet," Speech 95, Federal Reserve Bank of Cleveland.
  20. Loretta J. Mester, 2018. "Why I Want You to Study Economics: Increasing Diversity, Inclusion, and Opportunity in Economics; 04-04-18; Central State University College of Business, Wilberforce, OH," Speech 96, Federal Reserve Bank of Cleveland.
  21. Loretta J. Mester, 2018. "Perspectives on the Economic Outlook and Monetary Policy. University of Pittsburgh Joseph M. Katz Graduate School of Business and Deloitte LLP, Pittsburgh, PA," Speech 97, Federal Reserve Bank of Cleveland.
  22. Joseph P. Hughes & Julapa Jagtiani & Loretta J. Mester & Choon-Geol Moon, 2018. "Does Scale Matter in Community Bank Performance? Evidence Obtained by Applying Several New Measures of Performance," Working Papers 18-11, Federal Reserve Bank of Philadelphia.
  23. Loretta J. Mester, 2018. "Issues for U.S. Monetary Policy; Global Interdependence Center Central Banking Series with Banque de France, Paris, France," Speech 98, Federal Reserve Bank of Cleveland.
  24. Loretta J. Mester, 2018. "A Practical Viewpoint on Financial System Resiliency and Monetary Policy; 05.18.18; Third Annual ECB Macroprudential Policy and Research Conference, European Central Bank, Frankfurt, Germany," Speech 99, Federal Reserve Bank of Cleveland.
  25. Loretta J. Mester, 2018. "Community Banking and the Community Reinvestment Act; Community Banking in the 21st Century Research and Policy Conference, Federal Reserve Bank of St. Louis, St. Louis, MO: 10.03.18," Speech 100, Federal Reserve Bank of Cleveland.
  26. Loretta J. Mester, 2018. "The Economic Outlook, Monetary Policy, and Normal Policymaking Now and in the Future; 10.25.18 Money Marketeers of New York University, Inc., New York, NY," Speech 101, Federal Reserve Bank of Cleveland.
  27. Loretta J. Mester, 2018. "Community Development and the Federal Reserve; 11.29.18 Opening Remarks at the Collaboration for Inclusive Economic Development: A Forum for Philanthropies, Policymakers, and Practitioners, Federal Re," Speech 102, Federal Reserve Bank of Cleveland.
  28. Joseph P. Hughes & Loretta J. Mester, 2018. "The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications," Departmental Working Papers 201805, Rutgers University, Department of Economics.
  29. Kortwewg, Arthur & Schwert, Michael & Strebulaev, Ilya A., 2018. "How Often Do Firms Rebalance Their Capital Structures? Evidence from Corporate Filings," Research Papers 3699, Stanford University, Graduate School of Business.
  30. Schwert, Michael, 2018. "Is Borrowing from Banks More Expensive than Borrowing from the Market?," Working Paper Series 2017-23, Ohio State University, Charles A. Dice Center for Research in Financial Economics.

2017

  1. Karen K. Lewis & Edith X. Liu, 2017. "Disaster Risk and Asset Returns: An International Perspective," NBER Working Papers 23065, National Bureau of Economic Research, Inc.
  2. João F. Gomes & Marco Grotteria & Jessica A. Wachter, 2017. "Cyclical Dispersion in Expected Defaults," NBER Working Papers 23704, National Bureau of Economic Research, Inc.
  3. Lubos Pastor & Robert F. Stambaugh & Lucian A. Taylor, 2017. "Fund Tradeoffs," NBER Working Papers 23670, National Bureau of Economic Research, Inc.
  4. Xiaomeng Lu & Robert F. Stambaugh & Yu Yuan, 2017. "Anomalies Abroad: Beyond Data Mining," NBER Working Papers 23809, National Bureau of Economic Research, Inc.
  5. P�stor, Lubo� & Stambaugh, Robert F. & Taylor, Lucian, 2017. "Portfolio Liquidity and Diversification: Theory and Evidence," CEPR Discussion Papers 12195, C.E.P.R. Discussion Papers.
  6. Alex Edmans & Xavier Gabaix & Dirk Jenter, 2017. "Executive Compensation: A Survey of Theory and Evidence," NBER Working Papers 23596, National Bureau of Economic Research, Inc.
  7. Edmans, Alex & Fang, Vivian & Huang, Allen, 2017. "The Long-Term Consequences of Short-Term Incentives," CEPR Discussion Papers 12305, C.E.P.R. Discussion Papers.
  8. Jonathan A. Parker & Nicholas S. Souleles, 2017. "Reported Effects vs. Revealed-Preference Estimates: Evidence from the propensity to spend tax rebates," NBER Working Papers 23920, National Bureau of Economic Research, Inc.
  9. Loretta J. Mester, 2017. "A Serenity Prayer for Monetary Policymakers: Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The Global Interdependence Center, Central Banking Series, Si," Speech 79, Federal Reserve Bank of Cleveland.
  10. Loretta J. Mester, 2017. "The Economic Outlook and Monetary Policy Communications 03.21.17 The Stanley S. Watts Lecture, The Robins School of Business, University of Richmond, Richmond, VA," Speech 80, Federal Reserve Bank of Cleveland.
  11. Loretta J. Mester, 2017. "Updates on the Economy and the Federal Reserve’s Payments System Improvement Initiative 03-30-2017 Tenth Annual Risk Conference: “Promise and Peril: Managing the Uncertainty of Rapid Innovation and a ," Speech 81, Federal Reserve Bank of Cleveland.
  12. Loretta J. Mester, 2017. "The Outlook for the Economy and Monetary Policy 05-08-2017 The Chicago Council on Global Affairs, Chicago, IL," Speech 82, Federal Reserve Bank of Cleveland.
  13. Loretta J. Mester, 2017. "The Economic Outlook and Some Longer-Run Issues 05-18-2017 Economic Club of Minnesota, Minneapolis, MN," Speech 83, Federal Reserve Bank of Cleveland.
  14. Loretta J. Mester, 2017. "The Federal Reserve System and Community Development: The Why, The How, and The What 2017 Policy Summit on Housing, Human Capital, and Inequality, Cleveland, OH," Speech 84, Federal Reserve Bank of Cleveland.
  15. Loretta J. Mester, 2017. "Perspectives on the Economic Outlook and Banking Supervision and Regulation; 2017-08-02; The Community Bankers Association of Ohio Annual Convention, Cincinnati, OH," Speech 85, Federal Reserve Bank of Cleveland.
  16. Loretta J. Mester, 2017. "Views on the Economy and Monetary Policy Loretta J. Mester; The Economic Club of Pittsburgh, the World Affairs Council of Pittsburgh, CFA Society Pittsburgh, and the Pittsburgh Association for Financi," Speech 86, Federal Reserve Bank of Cleveland.
  17. Loretta J. Mester, 2017. "Guiding Principles for Financial Regulation; Panel Remarks at \"The Future of Global Finance: Populism, Technology, and Regulation\" Conference, Columbia University, New York, NY," Speech 87, Federal Reserve Bank of Cleveland.
  18. Loretta J. Mester, 2017. "Demographics and Their Implications for the Economy and Policy; 11.16.17; Cato Institute's 35th Annual Monetary Conference: The Future of Monetary Policy, Washington, DC," Speech 88, Federal Reserve Bank of Cleveland.
  19. Jongha Lim & Michael W. Schwert & Michael S. Weisbach, 2017. "The Economics of PIPEs," NBER Working Papers 23967, National Bureau of Economic Research, Inc.
  20. Schwert, Michael, 2017. "Bank Capital and Lending Relationships," Working Paper Series 2016-17, Ohio State University, Charles A. Dice Center for Research in Financial Economics.

2016

  1. Urban J. Jermann, 2016. "Financial Markets’ Views about the Euro-Swiss Franc Floor," NBER Working Papers 21977, National Bureau of Economic Research, Inc.
  2. Edmans, Alex & Holderness, Clifford, 2016. "Blockholders: A Survey of Theory and Evidence," CEPR Discussion Papers 11442, C.E.P.R. Discussion Papers.
  3. Christian Opp & Vincent Glode, 2016. "(De)centralizing Trade," 2016 Meeting Papers 1591, Society for Economic Dynamics.
  4. Erik Gilje & Robert Ready & Nikolai Roussanov, 2016. "Fracking, Drilling, and Asset Pricing: Estimating the Economic Benefits of the Shale Revolution," NBER Working Papers 22914, National Bureau of Economic Research, Inc.
  5. Juhani T. Linnainmaa & Michael R. Roberts, 2016. "The History of the Cross Section of Stock Returns," NBER Working Papers 22894, National Bureau of Economic Research, Inc.
  6. Sang Byung Seo & Jessica A. Wachter, 2016. "Do Rare Events Explain CDX Tranche Spreads?," NBER Working Papers 22723, National Bureau of Economic Research, Inc.
  7. Donald B. Keim & Olivia S. Mitchell, 2016. "Simplifying Choices in Defined Contribution Retirement Plan Design," NBER Working Papers 21854, National Bureau of Economic Research, Inc.
  8. Ian R. Appel & Todd A. Gormley & Donald B. Keim, 2016. "Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism," NBER Working Papers 22707, National Bureau of Economic Research, Inc.
  9. Loretta J. Mester, 2016. "The U.S. Economy and Monetary Policy Remarks for the Panel Discussion, “The United States and the Global Economic Outlook” National Association for Business Economics/American Economic Association Mee," Speech 65, Federal Reserve Bank of Cleveland.
  10. Loretta J. Mester, 2016. "A Monetary Policymaker’s Lexicon at Market News International, New York, NY," Speech 67, Federal Reserve Bank of Cleveland.
  11. Loretta J. Mester, 2016. "The Economy and Monetary Policy at the Global Interdependence Center, Sarasota, FL," Speech 68, Federal Reserve Bank of Cleveland.
  12. Loretta J. Mester, 2016. "The Outlook for the Economy and Monetary Policy: Low-Frequency Policymaking in a High-Frequency World," Speech 69, Federal Reserve Bank of Cleveland.
  13. Loretta J. Mester, 2016. "The Outlook for the National and Regional Economy and Monetary Policy: Low-Frequency Policymaking in a High-Frequency World," Speech 70, Federal Reserve Bank of Cleveland.
  14. Loretta J. Mester, 2016. "Recent Inflation Developments and Challenges for Research and Monetary Policymaking : The 47th Konstanz Seminar on Monetary Theory and Monetary Policy, Insel Reichenau, Germany 5-12-2016," Speech 71, Federal Reserve Bank of Cleveland.
  15. Loretta J. Mester, 2016. "Five Points About Monetary Policy and Financial Stability (06-04-2016) Sveriges Riksbank Conference on Rethinking the Central Bank’s Mandate, Stockholm, Sweden," Speech 72, Federal Reserve Bank of Cleveland.
  16. Joseph P. Hughes & Julapa Jagtiani & Loretta J. Mester, 2016. "Is Bigger Necessarily Better in Community Banking?," Working Papers 16-15, Federal Reserve Bank of Philadelphia.
  17. Loretta J. Mester, 2016. "The U.S. Economic Outlook and Monetary Policy: The European Economics and Financial Centre, Distinguished Speakers Seminar, London, U.K. - July 1, 2016," Speech 73, Federal Reserve Bank of Cleveland.
  18. Loretta J. Mester, 2016. "The U.S. Economic Outlook and Monetary Policy 07.13.16 Australian Business Economists, Sydney, Australia," Speech 74, Federal Reserve Bank of Cleveland.
  19. Loretta J. Mester, 2016. "Helping People and Communities Affected by Regional Economic Transitions 09.01.16 2016 Kentucky Summit on Philanthropy, The Kentucky Philanthropy Initiative, Lexington, Kentucky," Speech 75, Federal Reserve Bank of Cleveland.
  20. Loretta J. Mester, 2016. "The Economic Outlook and Monetary Policy 09.28.16 Greater Cleveland Partnership Middle-Market Forum, Cleveland, OH," Speech 76, Federal Reserve Bank of Cleveland.
  21. Loretta J. Mester, 2016. "Acknowledging Uncertainty, 10-07-2016; Shadow Open Market Committee Fall Meeting, New York, NY," Speech 77, Federal Reserve Bank of Cleveland.
  22. Loretta J. Mester, 2016. "The National and Regional Economic Outlook and Monetary Policy, 11-30-2016; The African American Chamber of Commerce of Western Pennsylvania Annual Business Luncheon, Pittsburgh, PA," Speech 78, Federal Reserve Bank of Cleveland.
  23. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2016. "Measuring Agency Costs and the Value of Investment Opportunities of U.S. Bank Holding Companies with Stochastic Frontier Estimation," Departmental Working Papers 201605, Rutgers University, Department of Economics.
  24. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2016. "Market Discipline Working for and Against Financial Stability: The Two Faces of Equity Capital in U.S. Commercial Banking," Departmental Working Papers 201611, Rutgers University, Department of Economics.
  25. Schwert, Michael, 2016. "Municipal Bond Liquidity and Default Risk," Working Paper Series 2016-16, Ohio State University, Charles A. Dice Center for Research in Financial Economics.

2015

  1. Karen K. Lewis, 2015. "Do Foreign Firm Betas Change During Cross-listing?," NBER Working Papers 21054, National Bureau of Economic Research, Inc.
  2. Andrew B. Abel, 2015. "Optimal Debt and Profitability in the Tradeoff Theory," NBER Working Papers 21548, National Bureau of Economic Research, Inc.
  3. Andrew B. Abel, 2015. "The Analytics of Investment, q, and Cash Flow," NBER Working Papers 21549, National Bureau of Economic Research, Inc.
  4. Andrew B. Abel, 2015. "Crowding Out in Ricardian Economies," NBER Working Papers 21550, National Bureau of Economic Research, Inc.
  5. Ram Yamarthy & Amir Yaron & Joao Gomes, 2015. "Carlstrom and Fuerst meets Epstein and Zin: The Asset Pricing Implications of Contracting Frictions," 2015 Meeting Papers 1267, Society for Economic Dynamics.
  6. Robert F. Stambaugh & Yu Yuan, 2015. "Mispricing Factors," NBER Working Papers 21533, National Bureau of Economic Research, Inc.
  7. Edmans, Alex & Gabaix, Xavier, 2015. "Executive Compensation: A Modern Primer," CEPR Discussion Papers 10566, C.E.P.R. Discussion Papers.
  8. Anthony Landry, 2015. "Multinational Pricing: Lessons from IKEA," 2015 Meeting Papers 265, Society for Economic Dynamics.
  9. Jerry Tsai & Jessica A. Wachter, 2015. "Disaster Risk and its Implications for Asset Pricing," NBER Working Papers 20926, National Bureau of Economic Research, Inc.
  10. Mete Kilic & Jessica A. Wachter, 2015. "Risk, Unemployment, and the Stock Market: A Rare-Event-Based Explanation of Labor Market Volatility," NBER Working Papers 21575, National Bureau of Economic Research, Inc.
  11. Loretta J. Mester, 2015. "Forward Guidance in Extraordinary Times, in Normal Times, and Betwixt the Two," Speech 48, Federal Reserve Bank of Cleveland.
  12. Loretta J. Mester, 2015. "Forward Guidance and Communications in U.S. Monetary Policy," Speech 49, Federal Reserve Bank of Cleveland.
  13. Loretta J. Mester, 2015. "The Economic Outlook, Monetary Policy, and Getting Back to Normal," Speech 50, Federal Reserve Bank of Cleveland.
  14. Loretta J. Mester, 2015. "The Economic Outlook, Monetary Policy, and Communications: Progress on Multiple Journeys," Speech 51, Federal Reserve Bank of Cleveland.
  15. Loretta J. Mester, 2015. "Comments on “The Equilibrium Real Funds Rate: Past, Present, and Future.”," Speech 52, Federal Reserve Bank of Cleveland.
  16. Loretta J. Mester, 2015. "The Outlook for the Economy and Bank Regulation," Speech 53, Federal Reserve Bank of Cleveland.
  17. Loretta J. Mester, 2015. "The Nexus of Macroprudential Supervision, Monetary Policy, and Financial Stability," Speech 54, Federal Reserve Bank of Cleveland.
  18. Loretta J. Mester, 2015. "Recent Developments in U.S. Monetary Policy: From Extraordinary Back to Ordinary," Speech 55, Federal Reserve Bank of Cleveland.
  19. Loretta J. Mester, 2015. "The Outlook for the Economy and Monetary Policy Communications," Speech 56, Federal Reserve Bank of Cleveland.
  20. Loretta J. Mester, 2015. "The Economic Outlook and Monetary Policy Loretta J Mester-President and CEO-Federal Reserve Bank of Cleveland-The Forecasters Club of New York-New York, NY-April 16, 2015," Speech 57, Federal Reserve Bank of Cleveland.
  21. Loretta J. Mester, 2015. "Consumer Credit: Suggested Directions for Policy-Relevant Research," Speech 58, Federal Reserve Bank of Cleveland.
  22. Loretta J. Mester, 2015. "Post-Crisis Financial System Regulation and Its Research Foundation, May 25, 2015," Speech 59, Federal Reserve Bank of Cleveland.
  23. Loretta J. Mester, 2015. "Community Development and Human Capital Loretta J Mester-President and CEO-Federal Reserve Bank of Cleveland-2015 Policy Summit on Housing, Human Capital, and Inequality," Speech 60, Federal Reserve Bank of Cleveland.
  24. Loretta J. Mester, 2015. "Comments on \"Microprudential Versus Macroprudential Supervision\" by Paul Tucker 59th Economic Conference–Macroprudential Monetary Policy Federal Reserve Bank of Boston Boston, MA October 2," Speech 62, Federal Reserve Bank of Cleveland.
  25. Loretta J. Mester, 2015. "Long-Run Economic Growth Loretta J. Mester New York University Stern Center for Global Economy and Business, New York, NY October 15, 2015," Speech 63, Federal Reserve Bank of Cleveland.
  26. Loretta J. Mester, 2015. "U.S. Payment System Improvement and the Federal Reserve 11.18.15 Loretta J. Mester The Clearing House Annual Conference, New York, NY," Speech 64, Federal Reserve Bank of Cleveland.
  27. Loretta J. Mester, 2015. "Perspectives on the Economy and Monetary Policy at the City Club of Cleveland, Cleveland, Ohio," Speech 66, Federal Reserve Bank of Cleveland.
  28. Joseph P. Hughes & Loretta J. Mester, 2015. "The Future of Large, Internationally Active Banks: Does Scale Define the Winners?," Departmental Working Papers 201524, Rutgers University, Department of Economics.

2014

  1. Urban Jermann & Lukas Schmid & Joao Gomes, 2014. "Sticky Leverage," 2014 Meeting Papers 40, Society for Economic Dynamics.
  2. Lubos Pastor & Robert F. Stambaugh & Lucian A. Taylor, 2014. "Scale and Skill in Active Management," NBER Working Papers 19891, National Bureau of Economic Research, Inc.
  3. Robert F. Stambaugh, 2014. "Investment Noise and Trends," NBER Working Papers 20072, National Bureau of Economic Research, Inc.
  4. Lubos Pastor & Robert F. Stambaugh & Lucian A. Taylor, 2014. "Do Funds Make More When They Trade More?," NBER Working Papers 20700, National Bureau of Economic Research, Inc.
  5. Pierre Chaigneau & Alex Edmans & Daniel Gottlieb, 2014. "The Informativeness Principle Under Limited Liability," NBER Working Papers 20456, National Bureau of Economic Research, Inc.
  6. Alex Edmans & Doron Levit & Devin Reilly, 2014. "Governance and Comovement Under Common Ownership," NBER Working Papers 20420, National Bureau of Economic Research, Inc.
  7. Alex Edmans & Luis Goncalves-Pinto & Yanbo Wang & Moqi Xu, 2014. "Strategic News Releases in Equity Vesting Months," NBER Working Papers 20476, National Bureau of Economic Research, Inc.
  8. Pierre Chaigneau & Alex Edmans & Daniel Gottlieb, 2014. "The Value of Informativeness for Contracting," NBER Working Papers 20542, National Bureau of Economic Research, Inc.
  9. Alex Edmans & Lucius Li & Chendi Zhang, 2014. "Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around The World," NBER Working Papers 20300, National Bureau of Economic Research, Inc.
  10. Chaigneau, Pierre & Edmans, Alex & Gottlieb, Daniel, 2014. "The Generalized Informativeness Principle," CEPR Discussion Papers 10279, C.E.P.R. Discussion Papers.
  11. Mario Crucini & Anthony Landry & Craig Benedict, 2014. "On what states do prices depend? Answers from Ecuador," 2014 Meeting Papers 722, Society for Economic Dynamics.
  12. Frank Schorfheide & Dongho Song & Amir Yaron, 2014. "Identifying Long-Run Risks: A Bayesian Mixed-Frequency Approach," NBER Working Papers 20303, National Bureau of Economic Research, Inc.
  13. John Graham & Mark T. Leary & Michael R. Roberts, 2014. "A Century of Capital Structure: The Leveraging of Corporate America," NBER Working Papers 19910, National Bureau of Economic Research, Inc.
  14. Michael R. Roberts, 2014. "The Role of Dynamic Renegotiation and Asymmetric Information in Financial Contracting," NBER Working Papers 20484, National Bureau of Economic Research, Inc.
  15. John Graham & Mark T. Leary & Michael R. Roberts, 2014. "How Does Government Borrowing Affect Corporate Financing and Investment?," NBER Working Papers 20581, National Bureau of Economic Research, Inc.
  16. Jerry Tsai & Jessica A. Wachter, 2014. "Rare Booms and Disasters in a Multi-sector Endowment Economy," NBER Working Papers 20062, National Bureau of Economic Research, Inc.

2013

  1. Urban Jermann, 2013. "A Production-Based Model for the Term Structure," NBER Working Papers 18774, National Bureau of Economic Research, Inc.
  2. Alex Edmans & William Mann, 2013. "Financing Through Asset Sales," NBER Working Papers 18677, National Bureau of Economic Research, Inc.
  3. Edmans, Alex, 2013. "Blockholders and Corporate Governance," CEPR Discussion Papers 9708, C.E.P.R. Discussion Papers.
  4. Edmans, Alex & Heinle, Mirko & Huang, Chong, 2013. "The Real Costs of Disclosure," CEPR Discussion Papers 9637, C.E.P.R. Discussion Papers.
  5. Alex Edmans & Vivian W. Fang & Katharina A. Lewellen, 2013. "Equity Vesting and Managerial Myopia," NBER Working Papers 19407, National Bureau of Economic Research, Inc.
  6. Vincent Glode & Christian Opp, 2013. "Intermediating Adverse Selection," 2013 Meeting Papers 119, Society for Economic Dynamics.
  7. Efstathios Avdis & Jessica A. Wachter, 2013. "Maximum likelihood estimation of the equity premium," NBER Working Papers 19684, National Bureau of Economic Research, Inc.
  8. Sang Byung Seo & Jessica A. Wachter, 2013. "Option Prices in a Model with Stochastic Disaster Risk," NBER Working Papers 19611, National Bureau of Economic Research, Inc.
  9. Karnaukh, Nina & Ranaldo, Angelo & Söderlind, Paul, 2013. "Understanding FX Liquidity," Working Papers on Finance 1315, University of St. Gallen, School of Finance, revised Apr 2015.
  10. Joseph P. Hughes & Loretta J. Mester, 2013. "Measuring the performance of banks: theory, practice, evidence, and some policy implications," Working Papers 13-31, Federal Reserve Bank of Philadelphia.
  11. Elyasiani, Elyas & Mester, Loretta J. & Pagano, Michael S., 2013. "Large Capital Infusions, Investor Reactions, and the Return and Risk-Performance of Financial Institutions over the Business Cycle," Working Papers 13-16, University of Pennsylvania, Wharton School, Weiss Center.
  12. Olivia S. Mitchell & Christopher C. Geczy & Robert Novy-Marx & Raimond Maurer & Donald E. Fuerst & Christopher M. Bone & Donald J. Segal & Martin G. Clarke & Frank J. Fabozzi & Deborah Lucas & David F, 2013. "Technical Review Panel for the Pension Insurance Modeling System (PIMS)," Working Papers wp290, University of Michigan, Michigan Retirement Research Center.

2012

  1. Karen K. Lewis & Edith X. Liu, 2012. "International Consumption Risk Is Shared After All: An Asset Return View," NBER Working Papers 17872, National Bureau of Economic Research, Inc.
  2. Robert F. Stambaugh & Jianfeng Yu & Yu Yuan, 2012. "The Long of It: Odds that Investor Sentiment Spuriously Predicts Anomaly Returns," NBER Working Papers 18231, National Bureau of Economic Research, Inc.
  3. Robert F. Stambaugh & Jianfeng Yu & Yu Yuan, 2012. "Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle," NBER Working Papers 18560, National Bureau of Economic Research, Inc.
  4. Mario J. Crucini & Anthony Landry, 2012. "Accounting for Real Exchange Rates Using Micro-data," NBER Working Papers 17812, National Bureau of Economic Research, Inc.
  5. Marianne Baxter & Anthony E. Landry, 2012. "IKEA: product, pricing, and pass-through," Globalization Institute Working Papers 132, Federal Reserve Bank of Dallas.
  6. Nikolai Roussanov & Pavel G. Savor, 2012. "Status, Marriage, and Managers' Attitudes To Risk," NBER Working Papers 17904, National Bureau of Economic Research, Inc.
  7. Nikolai Roussanov & Robert Ready, 2012. "Commodity Trade and the Carry Trade: a Tale of Two Countries," 2012 Meeting Papers 817, Society for Economic Dynamics.
  8. Ravi Bansal & Dana Kiku & Ivan Shaliastovich & Amir Yaron, 2012. "Volatility, the Macroeconomy and Asset Prices," NBER Working Papers 18104, National Bureau of Economic Research, Inc.
  9. Ravi Bansal & Dana Kiku & Amir Yaron, 2012. "Risks For the Long Run: Estimation with Time Aggregation," NBER Working Papers 18305, National Bureau of Economic Research, Inc.
  10. Jindra, Jan & Voetmann, Torben & Walkling, Ralph A., 2012. "Reverse Mergers: The Chinese Experience," Working Paper Series 2012-18, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
  11. Medel, Carlos A. & Salgado, Sergio C., 2012. "Does BIC Estimate and Forecast Better than AIC?," MPRA Paper 42235, University Library of Munich, Germany.
  12. Mikhail Golosov & Pricila Maziero & Guido Menzio, 2012. "Taxation and Redistribution of Residual Income Inequality," PIER Working Paper Archive 12-022, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
  13. Laurence Ales & Pricila Maziero & Pierre Yared, 2012. "A Theory of Political and Economic Cycles," NBER Working Papers 18354, National Bureau of Economic Research, Inc.
  14. Joseph P. Hughes & Loretta J. Mester, 2012. "A primer on market discipline and governance of financial institutions for those in a state of shocked disbelief," Working Papers 12-13, Federal Reserve Bank of Philadelphia.

2011

  1. Karen K. Lewis, 2011. "Global Asset Pricing," NBER Working Papers 17261, National Bureau of Economic Research, Inc.
  2. Fabio Ghironi & Karen K. Lewis, 2011. "Equity Sales and Manager Efficiency Across Firms and the Business Cycle," IMES Discussion Paper Series 11-E-07, Institute for Monetary and Economic Studies, Bank of Japan.
  3. Bernard Dumas & Karen K. Lewis & Emilio Osambela, 2011. "Differences of Opinion and International Equity Markets," NBER Working Papers 16726, National Bureau of Economic Research, Inc.
  4. Robert F. Stambaugh & Jianfeng Yu & Yu Yuan, 2011. "The Short of It: Investor Sentiment and Anomalies," NBER Working Papers 16898, National Bureau of Economic Research, Inc.
  5. Alex Edmans & Vivian W. Fang & Emanuel Zur, 2011. "The Effect of Liquidity on Governance," NBER Working Papers 17567, National Bureau of Economic Research, Inc.
  6. Alex Edmans & Itay Goldstein & Wei Jiang, 2011. "Feedback Effects and the Limits to Arbitrage," NBER Working Papers 17582, National Bureau of Economic Research, Inc.
  7. Alex Edmans & Itay Goldstein & John Y. Zhu, 2011. "Contracting With Synergies," NBER Working Papers 17606, National Bureau of Economic Research, Inc.
  8. Philip Bond & Alex Edmans & Itay Goldstein, 2011. "The Real Effects of Financial Markets," NBER Working Papers 17719, National Bureau of Economic Research, Inc.
  9. Jonathan A. Parker & Nicholas S. Souleles & David S. Johnson & Robert McClelland, 2011. "Consumer Spending and the Economic Stimulus Payments of 2008," NBER Working Papers 16684, National Bureau of Economic Research, Inc.
  10. Anthony E. Landry, 2011. "Borders and Big Macs," Globalization Institute Working Papers 95, Federal Reserve Bank of Dallas.
  11. Nikolai Roussanov & Michael Michaux & Hui Chen, 2011. "Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty," 2011 Meeting Papers 1369, Society for Economic Dynamics.
  12. Jessica A. Wachter & Missaka Warusawitharana, 2011. "What is the Chance that the Equity Premium Varies over Time? Evidence from Regressions on the Dividend-Price Ratio," NBER Working Papers 17334, National Bureau of Economic Research, Inc.
  13. Sergio Salgado I., 2011. "Investment Dynamics in a DSGE Model with Heterogeneous Firms and Corporate Taxation," Working Papers Central Bank of Chile 638, Central Bank of Chile.
  14. Mike Golosov & Guido Menzio & Pricila Maziero, 2011. "Social Insurance for Frictional Wage Inequality," 2011 Meeting Papers 1348, Society for Economic Dynamics.
  15. Pricila Maziero & Pierre Yared & Laurence Ales, 2011. "Imperfect Information and Political Economy," 2011 Meeting Papers 101, Society for Economic Dynamics.
  16. Elyas Elyasiani & Loretta J. Mester & Michael S. Pagano, 2011. "Large capital infusions, investor reactions, and the return and risk performance of financial institutions over the business cycle and recent finanical crisis," Working Papers 11-46, Federal Reserve Bank of Philadelphia.
  17. Joseph J. Hughes & Loretta Mester, 2011. "Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function," Departmental Working Papers 201127, Rutgers University, Department of Economics.
  18. Winston Wei Dou & David Pollard & Harrison H. Zhou, 2011. "Estimation in Functional Regression for General Exponential Families," Papers 1108.3552, arXiv.org.

2010

  1. Chua, Choong Tze & Lai, Sandy & Lewis, Karen K., 2010. "Are the Gains from Foreign Diversification Diminishing? Assessing the Impact with Cross-Listed Stocks," Working Papers 10-1, University of Pennsylvania, Wharton School, Weiss Center.
  2. Vicente Cuñat & Mireia Gine & Maria Guadalupe, 2010. "The Vote is Cast: The Effect of Corporate Governance on Shareholder Value," NBER Working Papers 16574, National Bureau of Economic Research, Inc.
  3. Lubos Pastor & Robert F. Stambaugh, 2010. "On the Size of the Active Management Industry," NBER Working Papers 15646, National Bureau of Economic Research, Inc.
  4. Edmans, Alex & Gabaix, Xavier, 2010. "Risk and the CEO Market: Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOs?," CEPR Discussion Papers 7836, C.E.P.R. Discussion Papers.
  5. Glode, V. & Green, R.C. & Lowery, R., 2010. "Financial Expertise as an Arms Race," Discussion Paper 2010-87S, Tilburg University, Center for Economic Research.
  6. Souphala Chomsisengphet & Ronel Elul & Robert M. Hunt & Nicholas S. Souleles, 2010. "What \"triggers\" mortgage default?," Working Papers 10-13, Federal Reserve Bank of Philadelphia.
  7. Sumit Agarwal & Souphala Chomsisengphet & Chunlin Liu & Nicholas S. Souleles, 2010. "Benefits of relationship banking: evidence from consumer credit markets," Working Paper Series WP-2010-05, Federal Reserve Bank of Chicago.
  8. Michele Cavallo & Anthony E. Landry, 2010. "The quantitative role of capital-goods imports in U.S. growth," Globalization Institute Working Papers 47, Federal Reserve Bank of Dallas.
  9. Nikolai Roussanov, 2010. "Composition of Wealth, Conditioning Information, and the Cross-Section of Stock Returns," NBER Working Papers 16073, National Bureau of Economic Research, Inc.
  10. Hanno Lustig & Nikolai Roussanov & Adrien Verdelhan, 2010. "Countercyclical Currency Risk Premia," NBER Working Papers 16427, National Bureau of Economic Research, Inc.
  11. Jessica Wachter, 2010. "Asset Allocation," NBER Working Papers 16255, National Bureau of Economic Research, Inc.
  12. Jessica A. Wachter & Motohiro Yogo, 2010. "Why Do Household Portfolio Shares Rise in Wealth?," NBER Working Papers 16316, National Bureau of Economic Research, Inc.
  13. Geczy, Christopher C., 2010. "Thoughts on the Future of the Hedge Fund Industry," Working Papers 10-15, University of Pennsylvania, Wharton School, Weiss Center.

2009

  1. Andrew B. Abel & Janice C. Eberly & Stavros Panageas, 2009. "Optimal Inattention to the Stock Market with Information Costs and Transactions Costs," NBER Working Papers 15010, National Bureau of Economic Research, Inc.
  2. Urban Jermann & Vincenzo Quadrini, 2009. "Macroeconomic Effects of Financial Shocks," NBER Working Papers 15338, National Bureau of Economic Research, Inc.
  3. Vincenzo Quadrini & Urban Jermann, 2009. "On the Macroeconomic Effects of Credit Shocks," 2009 Meeting Papers 169, Society for Economic Dynamics.
  4. Lukas Schmid & Joao Gomes, 2009. "Equilibrium Credit Spreads and the Macroeconomy," 2009 Meeting Papers 1109, Society for Economic Dynamics.
  5. Lubos Pastor & Robert F. Stambaugh, 2009. "Are Stocks Really Less Volatile in the Long Run?," NBER Working Papers 14757, National Bureau of Economic Research, Inc.
  6. Edmans, Alex & Gabaix, Xavier & Sadzik, Tomasz & Sannikov, Yuliy, 2009. "Dynamic Incentive Accounts," CEPR Discussion Papers 7497, C.E.P.R. Discussion Papers.
  7. Bao, Jack & Edmans, Alex, 2009. "Do Investment Banks Have Skill? Performance Persistence of M&A Advisors," Working Paper Series 2009-14, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
  8. Alex Edmans & Xavier Gabaix, 2009. "Tractability in Incentive Contracting," NBER Working Papers 15545, National Bureau of Economic Research, Inc.
  9. Vincent Glode & Burton Hollifield & Marcin Kacperczyk & Shimon Kogan, 2009. "Is Investor Rationality Time Varying? Evidence from the Mutual Fund Industry," NBER Working Papers 15038, National Bureau of Economic Research, Inc.
  10. Todd M. Sinai & Nicholas S. Souleles, 2009. "Can Owning a Home Hedge the Risk of Moving?," NBER Working Papers 15462, National Bureau of Economic Research, Inc.
  11. Anthony E. Landry, 2009. "State-dependent pricing, local-currency pricing, and exchange rate pass-through," Globalization Institute Working Papers 39, Federal Reserve Bank of Dallas.
  12. Anthony Landry & Michele Cavallo, 2009. "Capital-goods imports, investment-specific technological change and U.S. growth," 2009 Meeting Papers 1166, Society for Economic Dynamics.
  13. Ravi Bansal & Dana Kiku & Amir Yaron, 2009. "An Empirical Evaluation of the Long-Run Risks Model for Asset Prices," NBER Working Papers 15504, National Bureau of Economic Research, Inc.
  14. Martin Lettau & Jessica A. Wachter, 2009. "The Term Structures of Equity and Interest Rates," NBER Working Papers 14698, National Bureau of Economic Research, Inc.
  15. Jessica A. Wachter & Missaka Warusawitharana, 2009. "What is the chance that the equity premium varies over time? evidence from predictive regressions," Finance and Economics Discussion Series 2009-26, Board of Governors of the Federal Reserve System (U.S.).
  16. Laurence Ales & Pricila Maziero, 2009. "Adverse Selection and Non-Exclusive Contracts," GSIA Working Papers 2010-E61, Carnegie Mellon University, Tepper School of Business.

2008

  1. Lukas Schmid & Joao Gomes, 2008. "An Equilibrium Model of Credit Risk and Asset Pricing," 2008 Meeting Papers 699, Society for Economic Dynamics.
  2. Hanno Lustig & Nikolai Roussanov & Adrien Verdelhan, 2008. "Common Risk Factors in Currency Markets," NBER Working Papers 14082, National Bureau of Economic Research, Inc.
  3. Wharton School & Nikolai Roussanov, 2008. "Diversification and its Discontents: Idiosyncratic and Entrepreneurial Risk in the Quest for Social Status," 2008 Meeting Papers 924, Society for Economic Dynamics.
  4. Jessica Wachter, 2008. "Can Time-Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?," NBER Working Papers 14386, National Bureau of Economic Research, Inc.
  5. Anthony W. Lynch & Jessica A. Wachter, 2008. "Using Samples of Unequal Length in Generalized Method of Moments Estimation," NBER Working Papers 14411, National Bureau of Economic Research, Inc.
  6. Theodore M. Crone & N. Neil K. Khettry & Loretta J. Mester & Jason A. Novak, 2008. "Core measures of inflation as predictors of total inflation," Working Papers 08-9, Federal Reserve Bank of Philadelphia.
  7. Joseph P. Hughes & Loretta J. Mester, 2008. "Efficiency in banking: theory, practice, and evidence," Working Papers 08-1, Federal Reserve Bank of Philadelphia.
  8. Iftekhar Hasan & Loretta J. Mester, 2008. "Central bank institutional structure and effective central banking: cross-country empirical evidence," Working Papers 08-5, Federal Reserve Bank of Philadelphia.

2007

  1. Andrew B. Abel, 2007. "Optimal Capital Income Taxation," NBER Working Papers 13354, National Bureau of Economic Research, Inc.
  2. Joao F. Gomes & Leonid Kogan & Motohiro Yogo, 2007. "Durability of Output and Expected Stock Returns," NBER Working Papers 12986, National Bureau of Economic Research, Inc.
  3. Lukas Schmid & Joao Gomes, 2007. "Levered Returns," 2007 Meeting Papers 1007, Society for Economic Dynamics.
  4. Pástor, Luboš & Stambaugh, Robert F., 2007. "Predictive Systems: Living with Imperfect Predictors," CEPR Discussion Papers 6076, C.E.P.R. Discussion Papers.
  5. Alex Edmans & Xavier Gabaix & Augustin Landier, 2007. "A Calibratable Model of Optimal CEO Incentives in Market Equilibrium," NBER Working Papers 13372, National Bureau of Economic Research, Inc.
  6. Sumit Agarwal & Chunlin Liu & Nicholas S. Souleles, 2007. "The reaction of consumer spending and debt to tax rebates – evidence from consumer credit data," Working Paper Series WP-07-10, Federal Reserve Bank of Chicago.
  7. Todd Sinai & Nicholas S. Souleles, 2007. "Net Worth and Housing Equity in Retirement," NBER Working Papers 13693, National Bureau of Economic Research, Inc.
  8. Kerwin Kofi Charles & Erik Hurst & Nikolai Roussanov, 2007. "Conspicuous Consumption and Race," NBER Working Papers 13392, National Bureau of Economic Research, Inc.
  9. Mark Huggett & Gustavo Ventura & Amir Yaron, 2007. "Sources of Lifetime Inequality," Working Papers gueconwpa~07-07-04, Georgetown University, Department of Economics.
  10. Laurence Ales & Pricila Maziero, 2007. "Accounting for private information," 2007 Meeting Papers 804, Society for Economic Dynamics.
  11. William W. Lang & Loretta J. Mester & Todd A. Vermilyea, 2007. "Competitive effects of Basel II on U.S. bank credit card lending," Working Papers 07-9, Federal Reserve Bank of Philadelphia.

2006

  1. Lewis, Karen K., 2006. "Is the International Diversification Potential Diminishing? Foreign Equity Inside and Outside the US," Working Papers 06-6, University of Pennsylvania, Wharton School, Weiss Center.
  2. Andrew B. Abel, 2006. "Equity Premia with Benchmark Levels of Consumption: Closed-Form Results," NBER Working Papers 12290, National Bureau of Economic Research, Inc.
  3. Urban Jermann & Vincenzo Quadrini, 2006. "Financial Innovations and Macroeconomic Volatility," NBER Working Papers 12308, National Bureau of Economic Research, Inc.
  4. Urban Jermann, 2006. "The Equity Premium Implied by Production," NBER Working Papers 12487, National Bureau of Economic Research, Inc.
  5. Urban Jermann & Vivian Z. Yue, 2006. "Interest Rate Swap and Corporate Default," 2006 Meeting Papers 866, Society for Economic Dynamics.
  6. Sumit Agarwal & Souphala Chomsisengphet & Chunlin Liu & Nicholas S. Souleles, 2006. "Do consumers choose the right credit contracts?," Working Paper Series WP-06-11, Federal Reserve Bank of Chicago.
  7. Anthony E. Landry, 2006. "Expectations and exchange rate dynamics: a state-dependent pricing approach," Working Papers 0604, Federal Reserve Bank of Dallas.
  8. Jessica A. Wachter & Missaka Warusawitharana, 2006. "Predictable returns and asset allocation: Should a skeptical investor time the market?," 2006 Meeting Papers 22, Society for Economic Dynamics.
  9. Laurence Ales & Francesca Carapella & Pricila Maziero & Warren Weber, 2006. "A model of banknote discounts," 2006 Meeting Papers 681, Society for Economic Dynamics.

2005

  1. Vincenzo Quadrini & Urban Jermann, 2005. "Financial Development and Macroeconomic Stability," 2005 Meeting Papers 692, Society for Economic Dynamics.
  2. Gary Gorton & Nicholas Souleles, 2005. "Special Purpose Vehicles and Securitization," NBER Working Papers 11190, National Bureau of Economic Research, Inc.
  3. David K. Musto & Nicholas S. Souleles, 2005. "A Portfolio View of Consumer Credit," NBER Working Papers 11735, National Bureau of Economic Research, Inc.
  4. Jessica A. Wachter, 2005. "Solving Models with External Habit," NBER Working Papers 11559, National Bureau of Economic Research, Inc.
  5. Jessica Wachter & Martin Lettau, 2005. "Why is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium," 2005 Meeting Papers 302, Society for Economic Dynamics.
  6. William W. Lang & Loretta J. Mester & Todd A. Vermilyea, 2005. "Potential competitive effects on U.S. bank credit card lending from the proposed bifurcated application of Basel II," Working Papers 05-29, Federal Reserve Bank of Philadelphia.
  7. Paul S. Calem & Michael B. Gordy & Loretta J. Mester, 2005. "Switching costs and adverse selection in the market for credit cards: new evidence," Working Papers 05-16, Federal Reserve Bank of Philadelphia.
  8. Loretta J. Mester, 2005. "Optimal industrial structure in banking," Working Papers 08-2, Federal Reserve Bank of Philadelphia.

2004

  1. Janice C. Eberly & Andrew B. Abel, 2004. "Q Theory Without Adjustment Costs & Cash Flow Effects Without Financing Constraints," 2004 Meeting Papers 205, Society for Economic Dynamics.
  2. Amir Yaron & Joao Gomes, 2004. "Investment and Asset Prices with Financing Constraints," 2004 Meeting Papers 806, Society for Economic Dynamics.
  3. David S. Johnson & Jonathan A. Parker & Nicholas S. Souleles, 2004. "Household Expenditure and the Income Tax Rebates of 2001," NBER Working Papers 10784, National Bureau of Economic Research, Inc.
  4. Ravi Bansal & Varoujan Khatchatrian & Amir Yaron, 2004. "Interpretable Asset Markets?," 2004 Meeting Papers 136b, Society for Economic Dynamics.
  5. Amir Yaron & Leonid Kogan & Dmitry Livdan, 2004. "Futures Prices in a Production Economy with Investment Constraints," 2004 Meeting Papers 128, Society for Economic Dynamics.
  6. Amir Yaron & Mark Huggett & Gustavo Ventura, 2004. "Consumption and Earnings Inequality with Risky Human Capital," 2004 Meeting Papers 669, Society for Economic Dynamics.
  7. Jacob Boudoukh & Roni Michaely & Matthew Richardson & Michael Roberts, 2004. "On the Importance of Measuring Payout Yield: Implications for Empirical Asset Pricing," NBER Working Papers 10651, National Bureau of Economic Research, Inc.
  8. Michael R Roberts & Michael Bradley, 2004. "Are Bond Covenants Priced?," Econometric Society 2004 North American Summer Meetings 7, Econometric Society.
  9. Michael R. Roberts & Mark T. Leary, 2004. "Do Firms Rebalance Their Capital Structures?," Econometric Society 2004 North American Summer Meetings 52, Econometric Society.
  10. Malcolm Baker & Lubomir Litov & Jessica A. Wachter & Jeffrey Wurgler, 2004. "Can Mutual Fund Managers Pick Stocks? Evidence from the Trades Prior to Earnings Announcements," NBER Working Papers 10685, National Bureau of Economic Research, Inc.
  11. Martin Lettau & Sydney C. Ludvigson & Jessica A. Wachter, 2004. "The Declining Equity Premium: What Role Does Macroeconomic Risk Play?," NBER Working Papers 10270, National Bureau of Economic Research, Inc.
  12. Loretta J. Mester & Leonard I. Nakamura & Micheline Renault, 2004. "Transactions accounts and loan monitoring," Working Papers 04-20, Federal Reserve Bank of Philadelphia.
  13. Susan Christoffersen & Christopher C. Geczy & David K. Musto & Adam V. Reed, 2004. "How and Why do Investors Trade Votes, and What Does it Mean?," CIRANO Working Papers 2004s-23, CIRANO.
  14. Geczy, Christopher C. & Minton, Bernadette & Schrand, Catherine, 2004. "Taking a View: Corporate Speculation, Governance and Compensation," Working Paper Series 2004-11, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
  15. Susan Christoffersen & Christopher C. Geczy & David K. Musto & Adam V. Reed, 2004. "Do Shareholders' Preferences Affect their Funds' Management? Evidence from the Cross Section of Shareholders and Funds," CIRANO Working Papers 2004s-22, CIRANO.

2003

  1. Andrew B. Abel, 2003. "Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption," NBER Working Papers 10099, National Bureau of Economic Research, Inc.
  2. K.J. Martijn Cremers & Vinay B. Nair, 2003. "Governance Mechanisms and Equity Prices," Yale School of Management Working Papers ysm376, Yale School of Management.
  3. Todd Sinai & Nicholas S. Souleles, 2003. "Owner-Occupied Housing as a Hedge Against Rent Risk," NBER Working Papers 9462, National Bureau of Economic Research, Inc.
  4. Michael W. Brandt & Amir Yaron, 2003. "Time-Consistent No-Arbitrage Models of the Term Structure," NBER Working Papers 9458, National Bureau of Economic Research, Inc.
  5. Antonios Sangvinatsos & Jessica A. Wachter, 2003. "Does the Failure of the Expectations Hypothesis Matter for Long-Term Investors," NBER Working Papers 10086, National Bureau of Economic Research, Inc.
  6. Loretta J. Mester, 2003. "Applying efficiency measurement techniques to central banks," Working Papers 03-13, Federal Reserve Bank of Philadelphia.
  7. Christoffersen, Susan E. K. & Geczy, Christopher C. & Musto, David K. & Reed, Adam V., 2003. "The Limits to Dividend Arbitrage: Implications for Cross-Border Investment," Working Papers 03-2, University of Pennsylvania, Wharton School, Weiss Center.

2002

  1. Andrew B. Abel, 2002. "The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security," NBER Working Papers 9210, National Bureau of Economic Research, Inc.
  2. Urban Jermann & Vincenzo Quadrini, 2002. "Stock Market Boom and the Productivity Gains of the 1990s," NBER Working Papers 9034, National Bureau of Economic Research, Inc.
  3. Gomes, Joao F & Livdan, Dmitry, 2002. "Optimal Diversification," CEPR Discussion Papers 3461, C.E.P.R. Discussion Papers.
  4. Gomes, Joao F & Kogan, Leonid & Zhang, Lu, 2002. "Equilibrium Cross-Section of Returns," CEPR Discussion Papers 3482, C.E.P.R. Discussion Papers.
  5. Gomes, Joao F & Yaron, Amir & Zhang, Lu, 2002. "Asset Pricing Implications of Firms' Financing Constraints," CEPR Discussion Papers 3495, C.E.P.R. Discussion Papers.
  6. Gomes, Joao F & Livdan, Dmitry, 2002. "The Performance of Optimally Diversified Firms: Reconciling Theory and Evidence," CEPR Discussion Papers 3546, C.E.P.R. Discussion Papers.
  7. Chang, Yongsung & Gomes, Joao F & Schorfheide, Frank, 2002. "Learning by Doing as a Propagation Mechanism," CEPR Discussion Papers 3599, C.E.P.R. Discussion Papers.
  8. Joao Gomes & Amir Yaron & Lu Zhang, 2002. "Asset Prices and Business Cycles with Costly External Finance," NBER Working Papers 9364, National Bureau of Economic Research, Inc.
  9. Sean Nicholson & Nicholas S. Souleles, 2002. "Physician Income Prediction Errors: Sources and Implications for Behavior," NBER Working Papers 8907, National Bureau of Economic Research, Inc.
  10. Eduardo Jallath-Coria & Tridas Mukhopadhyay & Amir Yaron, 2002. "How Well Do Banks Manage Their Reserves?," NBER Working Papers 9388, National Bureau of Economic Research, Inc.
  11. Mark Hugget & Gustavo Ventura & Amir Yaron, 2002. "Human Capital and Earnings Distribution Dynamics," NBER Working Papers 9366, National Bureau of Economic Research, Inc.
  12. Allen N. Berger & Loretta J. Mester, 2002. "Explaining the dramatic changes in performance of U.S. banks: technological change, deregulation, and dynamic changes in competition," Working Papers 01-6, Federal Reserve Bank of Philadelphia.
  13. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon & Michael S. Pagano, 2002. "Do bankers sacrifice value to build empires? managerial incentives, industry consolidation, and financial performance," Working Papers 02-2, Federal Reserve Bank of Philadelphia.

2001

  1. Andrew B. Abel, 2001. "Will Bequests Attenuate the Predicted Meltdown in Stock Prices When Baby Boomers Retire?," NBER Working Papers 8131, National Bureau of Economic Research, Inc.
  2. Andrew B. Abel, 2001. "An Exploration of the Effects of Pessimism and Doubt on Asset Returns," NBER Working Papers 8132, National Bureau of Economic Research, Inc.
  3. Andrew B. Abel, 2001. "On the Invariance of the Rate of Return to Convex Adjustment Costs," NBER Working Papers 8649, National Bureau of Economic Research, Inc.
  4. Fernando Alvarez & Urban J. Jermann, 2001. "The Size of the Permanent Component of Asset Pricing Kernels," NBER Working Papers 8360, National Bureau of Economic Research, Inc.
  5. Armando Gomes, 2001. "Multilateral Negotiations and Formation of Coalitions," Computing in Economics and Finance 2001 224, Society for Computational Economics.
  6. Sean Nicholson & Nicholas S. Souleles, 2001. "Physician Income Expectations and Specialty Choice," NBER Working Papers 8536, National Bureau of Economic Research, Inc.
  7. David B. Gross & Nicholas S. Souleles, 2001. "Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data," NBER Working Papers 8314, National Bureau of Economic Research, Inc.
  8. Nicholas S. Souleles, 2001. "Consumer Sentiment: Its Rationality and Usefulness in Forecasting Expenditure - Evidence from the Michigan Micro Data," NBER Working Papers 8410, National Bureau of Economic Research, Inc.
  9. David B. Gross & Nicholas S. Souleles, 2001. "An Empirical Analysis of Personal Bankruptcy and Delinquency," NBER Working Papers 8409, National Bureau of Economic Research, Inc.
  10. David Gross & Nicholas Souleles, 2001. "Consumer Response to Changes in Credit Supply: Evidence from Credit Card Data," Center for Financial Institutions Working Papers 01-10, Wharton School Center for Financial Institutions, University of Pennsylvania.
  11. Neumann, Robert & Voetmann, Torben, 2001. "CEO Turnovers and Corporate Governance: Evidence from the Copenhagen Stock Exchange," Working Papers 1999-10, Copenhagen Business School, Department of Finance.
  12. Voetmann, Torben, 2001. "Changes in The Bid-Ask Components Around Earnings Announcements: Evidence from the Copenhagen Stock Exchange," Working Papers 2000-6, Copenhagen Business School, Department of Finance.
  13. Loretta J. Mester & Leonard I. Nakamura & Micheline Renault, 2001. "Checking accounts and bank monitoring," Working Papers 01-3, Federal Reserve Bank of Philadelphia.

2000

  1. Kenneth H. Thomas, 2000. "CRA Grade Inflation," Macroeconomics 0004060, University Library of Munich, Germany.
  2. Alvarez, F. & Jermann, U.J., 2000. "Using Asset Prices to Measure the Cost of Business Cycles," Weiss Center Working Papers 00-1, Wharton School - Weiss Center for International Financial Research.
  3. Yongsung Chang & Joao Gomes & Frank Schorfheide, 2000. "Persistence," Econometric Society World Congress 2000 Contributed Papers 1632, Econometric Society.
  4. Kjetil Storesletten & Chris I. Telmer & Amir Yaron, 2000. "The Welfare Cost of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk," NBER Working Papers 8040, National Bureau of Economic Research, Inc.
  5. Ravi Bansal & Amir Yaron, 2000. "Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles," NBER Working Papers 8059, National Bureau of Economic Research, Inc.
  6. Joseph P. Hughes & Loretta J. Mester & William Lang & Choon-Geol Moon, 2000. "Recovering Risky Technologies Using The Almost Ideal Demand System: An Application To U.S. Banking," Departmental Working Papers 200005, Rutgers University, Department of Economics.
  7. Mitchell Berlin & Loretta J. Mester, 2000. "Optimal financial contracts for large investors: the role of lender liability," Working Papers 00-1, Federal Reserve Bank of Philadelphia.
  8. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are scale economies in banking elusive or illusive? Evidence obtained by incorporating capital structure and risk-taking into models of bank production," Working Papers 00-4, Federal Reserve Bank of Philadelphia.
  9. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are Scale Economies in Banking Elusive or Illusive?," Departmental Working Papers 200004, Rutgers University, Department of Economics.
  10. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are All Scale Economies in Banking Elusive or Illusive: Evidence Obtained by Incorporating Capital Structure and Risk Taking into Models of Bank Production," Center for Financial Institutions Working Papers 00-33, Wharton School Center for Financial Institutions, University of Pennsylvania.

1999

  1. Fernando Alvarez & Urban J. Jermann, 1999. "Quantitative asset pricing implications of endogenous solvency constraints," Working Papers 99-5, Federal Reserve Bank of Philadelphia.
  2. Marianne Baxter & Urban J. Jermann, 1999. "Household Production and the Excess Sensitivity of Consumption to Current Income," NBER Working Papers 7046, National Bureau of Economic Research, Inc.
  3. Sassan Alizadeh & Michael W. Brandt & Francis X. Diebold, 1999. "Range-Based Estimation of Stochastic Volatility Models or Exchange Rate Dynamics are More Interesting Than You Think," Center for Financial Institutions Working Papers 00-28, Wharton School Center for Financial Institutions, University of Pennsylvania.
  4. Luboš Pástor & Robert F. Stambaugh, 1999. "Comparing Asset Pricing Models: An Investment Perspective," CRSP working papers 497, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
  5. Robert F. Stambaugh, 1999. "Predictive Regressions," NBER Technical Working Papers 0240, National Bureau of Economic Research, Inc.
  6. David B. Gross & Nicholas S. Souleles, 1999. "What caused the recent increase in bankruptcy and delinquency: stigma or risk-composition?," Proceedings 649, Federal Reserve Bank of Chicago.
  7. Hollifield, B. & Yaron, A., 1999. "The Foreign Exchange Risk Premium: Real and Nominal Factors," GSIA Working Papers 1999-17, Carnegie Mellon University, Tepper School of Business.
  8. Klaas Baks & Andrew Metrick & Jessica Wachter, 1999. "Bayesian Performance Evaluation," NBER Working Papers 7069, National Bureau of Economic Research, Inc.
  9. Jakobsen, Jan & Voetmann, Torben, 1999. "Post-Acquisition Performance in the Short and Long Run Evidence from the Copenhagen Stock Exchange 1993-1997," Working Papers 2000-4, Copenhagen Business School, Department of Finance.
  10. Neumann, Robert & Voetmann, Torben, 1999. "Does Ownership Matter? Evidence from Changes in Institutional and Strategic Investors' Equity Holdings," Working Papers 1999-9, Copenhagen Business School, Department of Finance.
  11. Jakobsen, Jan & Voetmann, Torben, 1999. "Volatility-Adjusted Performance An Alternative Approach to Interpret Long-Run Returns," Working Papers 2000-3, Copenhagen Business School, Department of Finance.
  12. Allen N. Berger & Loretta J. Mester, 1999. "What Explains the Dramatic Changes in Cost and Profit Performance of the U.S. Banking Industry?," Center for Financial Institutions Working Papers 99-10, Wharton School Center for Financial Institutions, University of Pennsylvania.
  13. Mitchell Berlin & Loretta J. Mester, 1999. "Financial contracts and the legal treatment of informed investors," Working Papers 99-8, Federal Reserve Bank of Philadelphia.
  14. Gregory E. Elliehausen & Loretta J. Mester, 1999. "Credit scoring and securitization of small business loans," Proceedings 765, Federal Reserve Bank of Chicago.
  15. Alon Brav & George M. Constantinides & Christopher C. Geczy, 1999. "Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence," NBER Working Papers 7406, National Bureau of Economic Research, Inc.

1998

  1. Karen K. Lewis, 1998. "International Home Bias in International Finance and Business Cycles," NBER Working Papers 6351, National Bureau of Economic Research, Inc.
  2. Lewis, K.K., 1998. "Explaining Home Bias in Equities and Consumption," Weiss Center Working Papers 98-05, Wharton School - Weiss Center for International Financial Research.
  3. Andrew B. Abel, 1998. "Risk Premia and Term Premia in General Equilibrium," NBER Working Papers 6683, National Bureau of Economic Research, Inc.
  4. Jermann, U.J., 1998. "International Portfolio Diversification and Endogenous Labour Supply Choice," Weiss Center Working Papers 98-06, Wharton School - Weiss Center for International Financial Research.
  5. Fernando Alvarez & Urban J. Jermann, 1998. "Asset Pricing when Risk Sharing is Limited by Default," NBER Working Papers 6476, National Bureau of Economic Research, Inc.
  6. Kjetil Storesletten & Chris Telmer & Amir Yaron, 1998. "The risk sharing implications of alternative social security arrangements," GSIA Working Papers 252, Carnegie Mellon University, Tepper School of Business.
  7. Joseph P. Hughes & William W. Lang & Loretta J. Mester, 1998. "The dollars and sense of bank consolidation," Working Papers 98-10, Federal Reserve Bank of Philadelphia.
  8. Mitchell Berlin & Loretta J. Mester, 1998. "Deposits and Relationship Lending Review of Financial Studies," Center for Financial Institutions Working Papers 99-03, Wharton School Center for Financial Institutions, University of Pennsylvania.

1997

  1. Karen K. Lewis, 1997. "Are Countries with Official International Restrictions "Liquidity Constrained?"," NBER Working Papers 5991, National Bureau of Economic Research, Inc.
  2. Andrew B. Abel & Janice C. Eberly, 1997. "The Mix and Scale of Factors with Irreversibility and Fixed Costs of Investment," NBER Working Papers 6148, National Bureau of Economic Research, Inc.
  3. Urban J. Jermann, 1997. "International portfolio diversification and labor/leisure choice," Discussion Paper / Institute for Empirical Macroeconomics 119, Federal Reserve Bank of Minneapolis.
  4. Gomes, Joao F & Greenwood, Jeremy & Rebelo, Sérgio, 1997. "Equilibrium Unemployment," CEPR Discussion Papers 1602, C.E.P.R. Discussion Papers.
  5. Armando Gomes & Sergiu Hart & Andreu Mas-Colell, 1997. "Finite horizon bargaining and the consistent field," Economics Working Papers 241, Department of Economics and Business, Universitat Pompeu Fabra.
  6. Kjetil Storesletten & Chris Telmer & Amir Yaron, 1997. "Consumption and risk sharing over the life cycle," GSIA Working Papers 228, Carnegie Mellon University, Tepper School of Business.
  7. Mitchell Berlin & Loretta J. Mester, 1997. "On the profitability and cost of relationship lending," Working Papers 97-3, Federal Reserve Bank of Philadelphia.
  8. Allen N. Berger & Loretta J. Mester, 1997. "Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions?," Center for Financial Institutions Working Papers 97-04, Wharton School Center for Financial Institutions, University of Pennsylvania.
  9. Mitchell Berlin & Loretta J. Mester, 1997. "Intermediation and vertical integration," Working Papers 97-17, Federal Reserve Bank of Philadelphia.
  10. Mitchell Berlin & Loretta J. Mester, 1997. "Deposits and relationship lending," Working Papers 96-18, Federal Reserve Bank of Philadelphia.
  11. Allen N. Berger & Loretta J. Mester, 1997. "Efficiency and productivity change in the U.S. commercial banking industry: a comparison of the 1980s and 1990s," Working Papers 97-5, Federal Reserve Bank of Philadelphia.
  12. Joseph P. Hughes & Loretta J. Mester, 1997. "Bank Managers' Objectives," Departmental Working Papers 199419, Rutgers University, Department of Economics.
  13. Joseph P. Hughes & Loretta J. Mester, 1997. "Bank capitalization and cost: evidence of scale economies in risk management and signaling," Working Papers 96-2, Federal Reserve Bank of Philadelphia.

1996

  1. Lewis, K.K., 1996. "Consumption, Stock Returns, and the Gains from International Risk-Sharing," Weiss Center Working Papers 96-4, Wharton School - Weiss Center for International Financial Research.
  2. Kjetil Storesletten & Chris Telmer & Amir Yaron, 1996. "Asset pricing with idiosyncratic risk and overlapping generations," Economics Working Papers 405, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 1999.
  3. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 1996. "Safety in numbers? Geographic diversification and bank insolvency risk," Working Papers 96-14, Federal Reserve Bank of Philadelphia.
  4. Loretta J. Mester, 1996. "Measuring efficiency at U.S. banks: accounting for heterogeneity is important," Working Papers 96-11, Federal Reserve Bank of Philadelphia.
  5. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 1996. "Efficient banking under interstate branching," Working Papers 96-9, Federal Reserve Bank of Philadelphia.

1995

  1. Karen K. Lewis, 1995. "What Can Explain the Apparent Lack of International Consumption Risk Sharing?," NBER Working Papers 5203, National Bureau of Economic Research, Inc.
  2. Karen K. Lewis, 1995. "Stochastic Regime Switching and Stabilizing Policies within Regimes," NBER Working Papers 5289, National Bureau of Economic Research, Inc.
  3. Andrew B. Abel & Janice C. Eberly, 1995. "Optimal Investment with Costly Reversibility," NBER Working Papers 5091, National Bureau of Economic Research, Inc.
  4. Marianne Baxter & Urban J. Jermann, 1995. "The International Diversification Puzzle is Worse Than You Think," NBER Working Papers 5019, National Bureau of Economic Research, Inc.
  5. Marianne Baxter & Urban J. Jermann & Robert G. King, 1995. "Nontraded Goods, Nontraded Factors, and International Non-Diversification," NBER Working Papers 5175, National Bureau of Economic Research, Inc.
  6. Shmuel Kandel & Robert F. Stambaugh, 1995. "On the Predictability of Stock Returns: An Asset-Allocation Perspective," NBER Working Papers 4997, National Bureau of Economic Research, Inc.
  7. Jappelli, Tullio & Pischke, Jörn-Steffen & Souleles, Nicholas, 1995. "Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources," CEPR Discussion Papers 1138, C.E.P.R. Discussion Papers.
  8. Amir Yaron & Harold Zhang, 1995. "Fixed Costs and Asset Market Participation," GSIA Working Papers 1997-25, Carnegie Mellon University, Tepper School of Business.
  9. Joseph P. Hughes & William W. Lang & Loretta J. Mester, 1995. "Recovering technologies that account for generalized managerial preferences: an application to non-risk neutral banks," Working Papers 95-8, Federal Reserve Bank of Philadelphia.
  10. Loretta J. Mester, 1995. "Efficiency of banks in the Third Federal Reserve District: a study of bank efficiency taking into account risk-preferences," Working Papers 94-1/R, Federal Reserve Bank of Philadelphia.
  11. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 1995. "Recovering banking technologies when managers are not risk-neutral," Proceedings 464, Federal Reserve Bank of Chicago.

1994

  1. Karen K. Lewis, 1994. "Puzzles in International Financial Markets," NBER Working Papers 4951, National Bureau of Economic Research, Inc.
  2. Shmuel Kandel & Robert F. Stambaugh, 1994. "Portfolio Inefficiency and the Cross-Section of Expected Returns," NBER Working Papers 4702, National Bureau of Economic Research, Inc.
  3. Paul S. Calem & Loretta J. Mester, 1994. "Consumer Behavior and the Stickiness of Credit Card Interest Rates," Center for Financial Institutions Working Papers 94-14, Wharton School Center for Financial Institutions, University of Pennsylvania.

1993

  1. Lewis, K., 1993. "Are Foreign Exchange Intervention and Monetary Policy Related and Does it Really Matter," Weiss Center Working Papers 93-11, Wharton School - Weiss Center for International Financial Research.
  2. Martin D.D. Evans & Karen K. Lewis, 1993. "Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia?," Working Papers 93-12, New York University, Leonard N. Stern School of Business, Department of Economics.
  3. Martin D.D. Evans & Karen K. Lewis, 1993. "Do Expected Shifts in Inflation Affect Estimates of the Long-Run Fisher Relation?," Working Papers 93-06, New York University, Leonard N. Stern School of Business, Department of Economics.
  4. Robert F. Stambaugh, 1993. "Estimating Conditional Expectations when Volatility Fluctuates," NBER Technical Working Papers 0140, National Bureau of Economic Research, Inc.
  5. Shmuel Kandel & Robert McCulloch & Robert F. Stambaugh, 1993. "Bayesian Inference and Portfolio Efficiency," NBER Technical Working Papers 0134, National Bureau of Economic Research, Inc.
  6. Loretta J. Mester, 1993. "Why are credit card rates sticky?," Working Papers 93-16, Federal Reserve Bank of Philadelphia.
  7. Mitchell Berlin & Loretta J. Mester, 1993. "Financial intermediation as vertical integration," Working Papers 93-3, Federal Reserve Bank of Philadelphia.
  8. George J. Mailath & Loretta J. Mester, 1993. "A positive analysis of bank closure," Working Papers 93-10/R, Federal Reserve Bank of Philadelphia.
  9. Joseph P. Hughes & Loretta J. Mester, 1993. "Accounting for the demand for financial capital and risk-taking in bank cost functions," Working Papers 93-17, Federal Reserve Bank of Philadelphia.

1992

  1. Martin D. Evans & Karen K. Lewis, 1992. "Peso Problems and Heterogeneous Trading: Evidence From Excess Returns in Foreign Exchange and Euromarkets," NBER Working Papers 4003, National Bureau of Economic Research, Inc.
  2. Martin D. Evans & Karen K. Lewis, 1992. "Trends in Expected Returns in Currency and Bond Markets," NBER Working Papers 4116, National Bureau of Economic Research, Inc.
  3. Martin D. Evans & Karen K. Lewis, 1992. "Trends in Excess Returns in Currency and Bond Markets," Working Papers 92-32, New York University, Leonard N. Stern School of Business, Department of Economics.
  4. Martin D. Evans & Karen K. Lewis, 1992. "Do Stationary Risk Premia Explain It All? Evidence from the Term Structure," Working Papers 92-11, New York University, Leonard N. Stern School of Business, Department of Economics.
  5. Martin D. Evans & Karen K. Lewis, 1992. "Do Expected Shifts in Inflation Policy Affect Real Rates?," Working Papers 92-22, New York University, Leonard N. Stern School of Business, Department of Economics.
  6. Kaminsky, G.L. & Lewis, K.K., 1992. "Does Foreign Exchange Intervention Signal Future Monetary Policy?," Weiss Center Working Papers 93-3, Wharton School - Weiss Center for International Financial Research.
  7. Paul S. Calem & Loretta J. Mester, 1992. "Search, switching costs, and the stickiness of credit card interest rates," Working Papers 92-24, Federal Reserve Bank of Philadelphia.
  8. Loretta J. Mester, 1992. "Perfectual signaling with imperfectly correlated costs," Working Papers 92-8, Federal Reserve Bank of Philadelphia.
  9. Loretta J. Mester, 1992. "Further evidence concerning expense preference and the Fed," Working Papers 92-4, Federal Reserve Bank of Philadelphia.
  10. Loretta J. Mester, 1992. "Efficiency in the savings and loan industry," Working Papers 92-14, Federal Reserve Bank of Philadelphia.

1991

  1. Michael W. Klein & Karen K. Lewis, 1991. "Learning About Intervention Target Zones," NBER Working Papers 3674, National Bureau of Economic Research, Inc.
  2. Karen K. Lewis, 1991. "Should the Holding Period Matter for the Intertemporal Consumption-BasedCAPM?," NBER Working Papers 3583, National Bureau of Economic Research, Inc.
  3. Shmuel Kandel & Robert F. Stambaugh, 1991. "Asset Returns and Intertemporal Preferences," NBER Working Papers 3633, National Bureau of Economic Research, Inc.
  4. Blume, M.E. & Keim, D.B., 1991. "The Myths and Reality of Low-Grade Bonds," Weiss Center Working Papers 27-91, Wharton School - Weiss Center for International Financial Research.
  5. George J. Mailath & Loretta J. Mester, 1991. "When do regulators close banks? When should they?," Working Papers 91-24, Federal Reserve Bank of Philadelphia.
  6. Loretta J. Mester, 1991. "Expense preference and the Fed revisited," Working Papers 91-6, Federal Reserve Bank of Philadelphia.
  7. Joseph P. Hughes & Loretta J. Mester, 1991. "A quality and risk-adjusted cost function for banks: evidence on the \" too-big-to-fail\" doctrine," Working Papers 91-21, Federal Reserve Bank of Philadelphia.

1990

  1. Karen K. Lewis, 1990. "Occasional Interventions to Target Rates with a Foreign Exchange Application," NBER Working Papers 3398, National Bureau of Economic Research, Inc.
  2. Karen K. Lewis, 1990. "Was There a "Peso Problem" in the U.S. Term Structure of Interest Rates:1979-1982?," NBER Working Papers 3282, National Bureau of Economic Research, Inc.
  3. Karen K. Lewis, 1990. "Why Doesn't Society Minimize Central Bank Secrecy?," NBER Working Papers 3397, National Bureau of Economic Research, Inc.
  4. Martin D. Evans & Karen K. Lewis, 1990. "Do Stationary Risk Premia Explain It All? Evidence from the Term Struct," NBER Working Papers 3451, National Bureau of Economic Research, Inc.
  5. Kandel, S. & Stambaugh, R.F., 1990. "Asset Returns, Investment Horizons, And Intertemporal Preferences," Weiss Center Working Papers 7-90, Wharton School - Weiss Center for International Financial Research.
  6. Loretta J. Mester & Anthony Saunders, 1990. "Who changes the prime rate?," Working Papers 90-26, Federal Reserve Bank of Philadelphia.
  7. Loretta J. Mester & Anthony Saunders, 1990. "When does the prime rate change?," Working Papers 90-16, Federal Reserve Bank of Philadelphia.
  8. Loretta J. Mester, 1990. "Traditional and nontraditional banking: an information-theoretic approach," Working Papers 90-3, Federal Reserve Bank of Philadelphia.
  9. Mitchell Berlin & Loretta J. Mester, 1990. "Debt covenants and renegotiation," Working Papers 90-21, Federal Reserve Bank of Philadelphia.
  10. Loretta J. Mester, 1990. "The costs of traditional and nontraditional banking," Proceedings 269, Federal Reserve Bank of Chicago.

1989

  1. Loretta J. Mester, 1989. "Testing for expense preference behavior: mutual versus stock savings and loans," Working Papers 89-27, Federal Reserve Bank of Philadelphia.
  2. Loretta J. Mester, 1989. "Viability in multiproduct industries," Working Papers 88-21, Federal Reserve Bank of Philadelphia.
  3. Loretta J. Mester, 1989. "Multiple-market contact in an incomplete-information model with imperfectly correlated cost," Working Papers 89-22, Federal Reserve Bank of Philadelphia.

1988

  1. Andrew B. Abel, 1988. "Consumption and Investment," NBER Working Papers 2580, National Bureau of Economic Research, Inc.
  2. Andrew B. Abel & Laurence J. Kotlikoff, 1988. "Does the Consumption of Different Age Groups Move Together? A New Nonparametric Test of Intergenerational Altruism," NBER Working Papers 2490, National Bureau of Economic Research, Inc.
  3. Andrew B. Abel & B. Douglas Bernheim, 1988. "Fiscal Policy With Impure Intergenerational Altruism," NBER Working Papers 2613, National Bureau of Economic Research, Inc.
  4. Loretta J. Mester, 1988. "Credit card rate stickiness in a screening model of consumer credit," Working Papers 88-20, Federal Reserve Bank of Philadelphia.
  5. Loretta J. Mester, 1988. "A testing strategy for expense preference behavior," Working Papers 88-13, Federal Reserve Bank of Philadelphia.
  6. Loretta J. Mester, 1988. "Are production economies a motive for mutual to stock conversions in the savings and loan industry?," Working Papers 88-14, Federal Reserve Bank of Philadelphia.

1987

  1. Loretta J. Mester, 1987. "Testing for expense preference behavior using cost data," Working Papers 87-5, Federal Reserve Bank of Philadelphia.
  2. Mitchell Berlin & Loretta J. Mester, 1987. "Credit card rates and consumer search," Working Papers 88-1, Federal Reserve Bank of Philadelphia.
  3. Loretta J. Mester, 1987. "An analysis of the effect of ownership form on technology: stock versus mutual savings and loan associations," Working Papers 88-2, Federal Reserve Bank of Philadelphia.

1986

  1. Andrew B. Abel & Olivier H. Summers, 1986. "Investment and Sales; Some Empirical Evidence," Working papers 428, Massachusetts Institute of Technology (MIT), Department of Economics.
  2. Loretta J. Mester, 1986. "The effects of multimarket contact on savings and loan behavior," Proceedings 106, Federal Reserve Bank of Chicago.

1985

  1. Andrew B. Abel, 1985. "Capital Accumulation and Uncertain Lifetimes with Adverse Selection," NBER Working Papers 1664, National Bureau of Economic Research, Inc.
  2. Andrew B. Abel, 1985. "Dynamic Behavior of Capital Accumulation in a Cash-in-Advance Model," NBER Working Papers 1549, National Bureau of Economic Research, Inc.
  3. Andrew B. Abel, 1985. "Inventories, Stock-Outs, and Production Smoothing," NBER Working Papers 1563, National Bureau of Economic Research, Inc.

1984

  1. Andrew B. Abel, 1984. "A Stochastic Model of Investment, Marginal q and the Market Value of theFirm," NBER Working Papers 1484, National Bureau of Economic Research, Inc.
  2. Andrew B. Abel, 1984. "Bequests and Social Security With Uncertain Lifetimes," NBER Working Papers 1372, National Bureau of Economic Research, Inc.

1983

  1. Andrew B. Abel & Olivier J. Blanchard, 1983. "The Present Value of Profits and Cyclical Movements in Investment," NBER Working Papers 1122, National Bureau of Economic Research, Inc.

1982

  1. Andrew B. Abel & Olivier J. Blanchard, 1982. "An Intertemporal Model of Saving and Investment," NBER Working Papers 0885, National Bureau of Economic Research, Inc.

1981

  1. Andrew B. Abel & Frederic S. Mishkin, 1981. "An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy," NBER Working Papers 0726, National Bureau of Economic Research, Inc.

1980

  1. Andrew B. Abel, 1980. "Accelerated Depreciation and the Efficacy of Temporary Fiscal Policy: Implications for an Inflationary Economy," NBER Working Papers 0596, National Bureau of Economic Research, Inc.

Undated

  1. Andrew B. Abel, "undated". "Asset Prices Under Habit Formation and Catching Up With the Jones," Rodney L. White Center for Financial Research Working Papers 01-90, Wharton School Rodney L. White Center for Financial Research.
  2. Andrew B. Abel, "undated". "Optimal Monetary Growth," Rodney L. White Center for Financial Research Working Papers 02-87, Wharton School Rodney L. White Center for Financial Research.
  3. Andrew Abel & George J. Mailath, "undated". "Financing Losers in Competitive Markets," Rodney L. White Center for Financial Research Working Papers 02-90, Wharton School Rodney L. White Center for Financial Research.
  4. Andrew B. Abel & Mark Warshawsky, "undated". "Specification of the Joy of Giving: Insights from Altruism," Rodney L. White Center for Financial Research Working Papers 03-87, Wharton School Rodney L. White Center for Financial Research.
  5. Andrew B. Abel, "undated". "The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation," Rodney L. White Center for Financial Research Working Papers 03-99, Wharton School Rodney L. White Center for Financial Research.
  6. Andrew B. Abel, "undated". "The Implications of Insurance for the Efficacy of Fiscal Policy," Rodney L. White Center for Financial Research Working Papers 06-88, Wharton School Rodney L. White Center for Financial Research.
  7. Andrew B. Abel, "undated". "The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks," Rodney L. White Center for Financial Research Working Papers 09-00, Wharton School Rodney L. White Center for Financial Research.
  8. Andrew B. Abel, "undated". "Operative Gift and Bequest Motives," Rodney L. White Center for Financial Research Working Papers 09-87, Wharton School Rodney L. White Center for Financial Research.
  9. Andrew B. Abel, "undated". "Asset Prices Under Heterogenous Beliefs: Implications for the Equity Premium," Rodney L. White Center for Financial Research Working Papers 09-89, Wharton School Rodney L. White Center for Financial Research.
  10. Andrew B. Abel, "undated". "Exact Solutions for Expected Rates of Return Under Markov Regime Switching: Implications for the Equity Premium Puzzle," Rodney L. White Center for Financial Research Working Papers 09-92, Wharton School Rodney L. White Center for Financial Research.
  11. Andrew B. Abel, "undated". "An Analysis of Fiscal Policy Under Operative and Inoperative Bequest Motives," Rodney L. White Center for Financial Research Working Papers 10-87, Wharton School Rodney L. White Center for Financial Research.
  12. Andrew B. Abel & B. Douglas Bernheim, "undated". "Fiscal Policy with Impure Intergenerational Altruism (Reprint 011)," Rodney L. White Center for Financial Research Working Papers 10-90, Wharton School Rodney L. White Center for Financial Research.
  13. Andrew B. Abel & Janice C. Eberly, "undated". "An Exact Solution for the Investment and Market Value of a Firm Facing Uncertainty, Adjustment Costs, and Irreversibility," Rodney L. White Center for Financial Research Working Papers 12-93, Wharton School Rodney L. White Center for Financial Research.
  14. Andrew B. Abel, "undated". "Birth, Death and Taxes," Rodney L. White Center for Financial Research Working Papers 13-89, Wharton School Rodney L. White Center for Financial Research.
  15. Andrew Abel & Gregory N. Mankiw & Lawrence H. Summers & Richard Zeckhauser, "undated". "Assessing Dynamic Efficiency: Theory and Evidence," Rodney L. White Center for Financial Research Working Papers 14-88, Wharton School Rodney L. White Center for Financial Research.
  16. Andrew B. Abel & Janice C. Eberly, "undated". "A Unified Model of Investment Under Uncertainty," Rodney L. White Center for Financial Research Working Papers 14-93, Wharton School Rodney L. White Center for Financial Research.
  17. Andrew Abel, "undated". "Stock Prices Under Time-Varying Dividend Risk: An Exact Solution in an Infinite-Horizon General Equilibrium Model," Rodney L. White Center for Financial Research Working Papers 15-88, Wharton School Rodney L. White Center for Financial Research.
  18. Andrew B. Abel & Avinash K. Dixit & Janice B. Eberly & Robert S. Pindyck, "undated". "Options, the Value of Capital, and Investment," Rodney L. White Center for Financial Research Working Papers 15-95, Wharton School Rodney L. White Center for Financial Research.
  19. Andrew B. Abel & Janice B. Eberly, "undated". "The Effects of Irreversibility and Uncertainty on Capital Accumulation," Rodney L. White Center for Financial Research Working Papers 21-95, Wharton School Rodney L. White Center for Financial Research.
  20. Andrew Abel, "undated". "The Failure of Ricardian Equivalence Under Progressive Wealth Taxation," Rodney L. White Center for Financial Research Working Papers 22-86, Wharton School Rodney L. White Center for Financial Research.
  21. Andrew Abel, "undated". "Aggregate Savings in the Presence of Private and Social Insurance," Rodney L. White Center for Financial Research Working Papers 23-86, Wharton School Rodney L. White Center for Financial Research.
  22. Brent Glover & Joao Gomes & Amir Yaron, "undated". "Corporate Taxes, Leverage, and Business Cycles," GSIA Working Papers 2011-E24, Carnegie Mellon University, Tepper School of Business.
  23. Luboš Pástor & Robert F. Stambaugh, "undated". "Mutual Fund Performance and Seemingly Unrelated Assets.”," CRSP working papers 527, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
  24. Luboš Pástor & Robert F. Stambaugh, "undated". "Liquidity Risk and Expected Stock Returns," CRSP working papers 531, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
  25. Luboš Pástor & Robert F. Stambaugh, "undated". "Investing in Equity Mutual Funds," CRSP working papers 532, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
  26. Shmuel Kandel & Robert F. Stambaugh, "undated". "Modeling Expected Stock Returns for Long and Short Horizons," Rodney L. White Center for Financial Research Working Papers 42-88, Wharton School Rodney L. White Center for Financial Research.
  27. Lubos Pastor & Robert F. Stambaugh, "undated". "Evaluating and Investing in Equity Mutual Funds," Rodney L. White Center for Financial Research Working Papers 10-00, Wharton School Rodney L. White Center for Financial Research.
  28. Shmuel Kandel & Robert F. Stambaugh, "undated". "Expectations and Volatility of Long-Horizon Stock Returns," Rodney L. White Center for Financial Research Working Papers 12-89, Wharton School Rodney L. White Center for Financial Research.
  29. Shmuel Kandel & Robert F. Stambaugh, "undated". "On the Predictability of Stock Returns: An Asset-Allocation Perspective (Reprint 057)," Rodney L. White Center for Financial Research Working Papers 27-94, Wharton School Rodney L. White Center for Financial Research.
  30. Robert Stambaugh, "undated". "On the Exclusion of Assets from Tests of the Two-Parameter Model: A Sensitivity Analysis," Rodney L. White Center for Financial Research Working Papers 13-81, Wharton School Rodney L. White Center for Financial Research.
  31. Lubos Pastor & Robert F. Stambaugh, "undated". "Costs of Equity from Factor-Based Models (Revised 4-98)," Rodney L. White Center for Financial Research Working Papers 8-97, Wharton School Rodney L. White Center for Financial Research.
  32. Shmuel Kandel & Robert F. Stambaugh, "undated". "Portfolio Inefficiency and the Cross-Section of Mean Returns (Revised: 6-94)," Rodney L. White Center for Financial Research Working Papers 3-93, Wharton School Rodney L. White Center for Financial Research.
  33. Lubos Pástor & Robert F. Stambaugh, "undated". "Costs of Equity Capital and Model Mispricing," Rodney L. White Center for Financial Research Working Papers 4-98, Wharton School Rodney L. White Center for Financial Research.
  34. Lubos Pástor & Robert F. Stambaugh, "undated". "The Equity Premium and Structural Breaks," Rodney L. White Center for Financial Research Working Papers 21-98, Wharton School Rodney L. White Center for Financial Research.
  35. Robert F. Stambaugh, "undated". "Testing the CAPM with Broader Market Indexes: A Problem of Mean-Deficiency," Rodney L. White Center for Financial Research Working Papers 1-82, Wharton School Rodney L. White Center for Financial Research.
  36. Shmuel Kandel & Robert F. Stambaugh, "undated". "Portfolio Inefficiency and the Cross-Section of Expected Returns (Revision of 3-93)," Rodney L. White Center for Financial Research Working Papers 06-94, Wharton School Rodney L. White Center for Financial Research.
  37. Nai-Fu Chen & Bruce Grundy & Robert F Stambaugh, "undated". "Changing Risk, Changing Risk Premiums, and Dividend Yield Effects," Rodney L. White Center for Financial Research Working Papers 26-88, Wharton School Rodney L. White Center for Financial Research.
  38. Marshall Blume & Robert Stambaugh, "undated". "Biases in Computed Returns: An Application to the Size Effect (Revision of 2-83)," Rodney L. White Center for Financial Research Working Papers 11-83, Wharton School Rodney L. White Center for Financial Research.
  39. Donald B. Keim & Robert F. Stambaugh, "undated". "Predicting Returns in the Stock and Bond Markets," Rodney L. White Center for Financial Research Working Papers 15-85, Wharton School Rodney L. White Center for Financial Research.
  40. Shmuel Kandel & Robert McCulloch & Robert F. Stambaugh, "undated". "Bayesian Inference and Portfolio Efficiency (Revision of 8-91) (Reprint 046)," Rodney L. White Center for Financial Research Working Papers 04-93, Wharton School Rodney L. White Center for Financial Research.
  41. Shmuel Kandel & Robert F. Stambaugh, "undated". "Asset Returns, Investment Horizons, and Intertemporal Preferences (Reprint 009)," Rodney L. White Center for Financial Research Working Papers 07-90, Wharton School Rodney L. White Center for Financial Research.
  42. Shumel Kandel & Robert F. Stambaugh, "undated". "A Mean-Variance Framework for Tests for Asset Pricing Models," Rodney L. White Center for Financial Research Working Papers 25-88, Wharton School Rodney L. White Center for Financial Research.
  43. Robert F. Stambaugh, "undated". "Arbitrage Pricing with Heterogeneous Information," Rodney L. White Center for Financial Research Working Papers 02-82, Wharton School Rodney L. White Center for Financial Research.
  44. Robert F. Stambaugh, "undated". "Analyzing Investments Whose Histories Differ in Length," Rodney L. White Center for Financial Research Working Papers 05-96, Wharton School Rodney L. White Center for Financial Research.
  45. Shmuel Kandel & Robert McCulloch & Robert H. Stambaugh, "undated". "Bayesian Inference and Portfolio Efficiency (Revised: 4-93)," Rodney L. White Center for Financial Research Working Papers 08-91, Wharton School Rodney L. White Center for Financial Research.
  46. Armando Gomes, "undated". "Going Public with Asymmetric Information, Agency Costs, and Dynamic Trading," Rodney L. White Center for Financial Research Working Papers 04-99, Wharton School Rodney L. White Center for Financial Research.
  47. Armando Gomes, "undated". "Multiple Large Shareholders in Corporate Governance," Rodney L. White Center for Financial Research Working Papers 05-99, Wharton School Rodney L. White Center for Financial Research.
  48. Armando Gomes, "undated". "A Theory of Negotiations and Formation of Coalitions," Rodney L. White Center for Financial Research Working Papers 21-99, Wharton School Rodney L. White Center for Financial Research.
  49. Nicholas S. Souleles, "undated". "Household Securities Purchases, Transactions Costs, and Hedging Motives," Rodney L. White Center for Financial Research Working Papers 24-99, Wharton School Rodney L. White Center for Financial Research.
  50. Tullio Jappelli & Joern-Steffen Pischke & Nicholas S. Souleles, "undated". "Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources (Reprint 069)," Rodney L. White Center for Financial Research Working Papers 10-97, Wharton School Rodney L. White Center for Financial Research.
  51. Kjetil Storesletten & Chris Telmer & Amir Yaron, "undated". "Persistent Idiosyncratic Shocks and Incomplete Markets," GSIA Working Papers 24, Carnegie Mellon University, Tepper School of Business.
  52. Lars Hansen & John Heaton & Amir Yaron, "undated". "Small Sample Properties of Alternative GMM Estimators," GSIA Working Papers 25, Carnegie Mellon University, Tepper School of Business.
  53. Amir Yaron, "undated". "Asset Pricing and The Liquidity Effect: A Theoretical and Empirical Investigation," GSIA Working Papers 27, Carnegie Mellon University, Tepper School of Business.
  54. Klaas Baks & Andrew Metrick & Jessica Wachter, "undated". "Should Investors Avoid All Actively Managed Mutual Funds? A Study in Bayesian Performance Evaluation," Rodney L. White Center for Financial Research Working Papers 18-99, Wharton School Rodney L. White Center for Financial Research.
  55. M.E Blume & D. B. Keim, "undated". "Return Indexes for Lower Grade Bonds: 1977-1987," Rodney L. White Center for Financial Research Working Papers m1-88, Wharton School Rodney L. White Center for Financial Research.
  56. Donald B. Keim & Ananth Madhavan, "undated". "The Cost of Institutional Equity Trades," Rodney L. White Center for Financial Research Working Papers 08-98, Wharton School Rodney L. White Center for Financial Research.
  57. Gabriel Hawawini & Donald B. Keim, "undated". "The Cross Section of Common Stock Returns: A Review of the Evidence and Some New Findings," Rodney L. White Center for Financial Research Working Papers 07-97, Wharton School Rodney L. White Center for Financial Research.
  58. Wayne Ferson & Stephen Foerster & Donald Keim, "undated". "Tests of Asset Pricing Models with Changing Expectations," Rodney L. White Center for Financial Research Working Papers 27-87, Wharton School Rodney L. White Center for Financial Research.
  59. Joseph Gyourko & Donald B. Keim, "undated". "The Risk and Return Characteristics of Stock Market-Based Real Estate Indexes and Their Relation to Appraisal-Based Returns," Rodney L. White Center for Financial Research Working Papers 5-90, Wharton School Rodney L. White Center for Financial Research.
  60. Donald B. Keim & Ananth Madhavan, "undated". "Anatomy of the Trading Process: Empirical Evidence on the Behavior of Institutional Traders (Revision of 18-93) (Reprint 045)," Rodney L. White Center for Financial Research Working Papers 12-94, Wharton School Rodney L. White Center for Financial Research.
  61. Marshall E. Blume & Donald B. Keim, "undated". "Risks and Returns of Low-Grade Bonds: An Update (Reprint 027)," Rodney L. White Center for Financial Research Working Papers 15-91, Wharton School Rodney L. White Center for Financial Research.
  62. Wayne E. Ferson & Stephen R. Foerster & Donald B. Keim, "undated". "General Tests of Latent Variable Models and Mean Variance Spanning (Reprint 031)," Rodney L. White Center for Financial Research Working Papers 10-92, Wharton School Rodney L. White Center for Financial Research.
  63. Marshall E. Blume & Donald B. Keim, "undated". "Volatility Patterns of Fixed Income Securities," Rodney L. White Center for Financial Research Working Papers 15-89, Wharton School Rodney L. White Center for Financial Research.
  64. Stephen R. Foerster & Donald B. Keim, "undated". "Direct Evidence of Non-Trading of NYSE and AMEX Stocks," Rodney L. White Center for Financial Research Working Papers 19-93, Wharton School Rodney L. White Center for Financial Research.
  65. Joseph Gyourko & Donald B. Keim, "undated". "What Does the Stock Market Tell Us About Real Estate Returns? (Revised: 11-92)," Rodney L. White Center for Financial Research Working Papers 18-91, Wharton School Rodney L. White Center for Financial Research.
  66. Marshall E. Blume & Donald B. Keim, "undated". "The Valuation of Callable Bonds," Rodney L. White Center for Financial Research Working Papers 14-89, Wharton School Rodney L. White Center for Financial Research.
  67. Donald B. Keim, "undated". "Dividend Yields and Stock Returns: Implications of Abnormal January Returns," Rodney L. White Center for Financial Research Working Papers 14-85, Wharton School Rodney L. White Center for Financial Research.
  68. Donald B. Keim & Ananth Madhavan, "undated". "The Information Contained in Stock Exchange Seat Prices," Rodney L. White Center for Financial Research Working Papers 7-98, Wharton School Rodney L. White Center for Financial Research.
  69. Donald B. Keim & Ananth Madhavan, "undated". "The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects (Revision of 21-92)," Rodney L. White Center for Financial Research Working Papers 10-94, Wharton School Rodney L. White Center for Financial Research.
  70. Joseph Gyourko & Donald B. Keim, "undated". "What Does the Stock Market Tell Us About Real Estate Returns? (Revision of 18-91) (Reprint 030)," Rodney L. White Center for Financial Research Working Papers 11-92, Wharton School Rodney L. White Center for Financial Research.
  71. Donald B. Keim, "undated". "An Analysis of Mutual Fund Design: The Case of Investing in Small-Cap Stocks," Rodney L. White Center for Financial Research Working Papers 05-98, Wharton School Rodney L. White Center for Financial Research.
  72. Marshall E. Blume & Donald B. Keim & Sandeep A. Patel, "undated". "Returns and Volatility of Low-Grade Bonds 1977-1989 (Reprint 005)," Rodney L. White Center for Financial Research Working Papers 24-90, Wharton School Rodney L. White Center for Financial Research.
  73. Marshall E. Blume & Donald B. Keim, "undated". "Risk and Return Characteristics of Lower-Grade Bonds," Rodney L. White Center for Financial Research Working Papers 17-86, Wharton School Rodney L. White Center for Financial Research.
  74. Donald B. Keim, "undated". "Trading Patterns, Bid-Ask Spreads and Estimated Security Returns: The Case of Common Stocks at Calendar Turning Points (Reprint 008)," Rodney L. White Center for Financial Research Working Papers 22-89, Wharton School Rodney L. White Center for Financial Research.
  75. Marshall E. Blume & Donald B. Keim, "undated". "Realized Returns and Defaults on Lower-Grade Bonds: The Cohort of 1977 and 1978 (Reprint 006)," Rodney L. White Center for Financial Research Working Papers 31-89, Wharton School Rodney L. White Center for Financial Research.
  76. Gabriel Hawawini & Donald B. Keim, "undated". "On the Predictability of Common Stock Returns: World-Wide Evidence (Revision of 23-92) (Reprint 054)," Rodney L. White Center for Financial Research Working Papers 22-94, Wharton School Rodney L. White Center for Financial Research.
  77. Marshall E. Blume & Donald B. Keim, "undated". "Risk and Return Characteristics of Lower-Grade Bonds 1977-1987," Rodney L. White Center for Financial Research Working Papers 08-89, Wharton School Rodney L. White Center for Financial Research.
  78. Donald B. Keim & Ananth Madhavan, "undated". "Execution Costs and Investment Performance: An Empirical Analysis of Institutional Equity Trades (Revised: 9-95)," Rodney L. White Center for Financial Research Working Papers 26-94, Wharton School Rodney L. White Center for Financial Research.
  79. Donald B. Keim & Ananth Madhavan, "undated". "The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects (Revised: 10-94)," Rodney L. White Center for Financial Research Working Papers 21-92, Wharton School Rodney L. White Center for Financial Research.
  80. Donald B. Keim & Ananth Madhavan, "undated". "Anatomy of the Trading Process: Empirical Evidence on the Behavior of Institutional Traders (Revised: 12-94)," Rodney L. White Center for Financial Research Working Papers 18-93, Wharton School Rodney L. White Center for Financial Research.
  81. Marshall E. Blume & Donald B. Keim, "undated". "Return Indexes for Lower Grade Bonds," Rodney L. White Center for Financial Research Working Papers m1-89, Wharton School Rodney L. White Center for Financial Research.
  82. Donald B. Keim & Ananth Madhavan, "undated". "Execution Costs and Investment Performance: An Empirical Analysis of Institutional Equity Trades (Revision of 26-94)," Rodney L. White Center for Financial Research Working Papers 09-95, Wharton School Rodney L. White Center for Financial Research.
  83. Marshall E. Blume & Donald B. Keim & Sandeep A. Patel, "undated". "Returns and Volatility of Low-Grade Bonds 1977-1988," Rodney L. White Center for Financial Research Working Papers 38-89, Wharton School Rodney L. White Center for Financial Research.
  84. Gabriel Hawawini & Donald B. Keim, "undated". "On the Predictability of Common Stock Returns: World-Wide Evidence (Revised: 22-94)," Rodney L. White Center for Financial Research Working Papers 23-92, Wharton School Rodney L. White Center for Financial Research.
  85. Laurence Ales & Pricila Maziero, "undated". "Non-exclusive Dynamic Contracts, Competition, and the Limits of Insurance," GSIA Working Papers 2010-E59, Carnegie Mellon University, Tepper School of Business.
  86. Joseph P. Hughes & Loretta J. Mester, "undated". "Evidence on the Objectives of Bank Managers," Rodney L. White Center for Financial Research Working Papers 04-94, Wharton School Rodney L. White Center for Financial Research.
  87. Loretta J. Mester, "undated". "Efficiency of Banks in the Third Federal Reserve District," Rodney L. White Center for Financial Research Working Papers 2-94, Wharton School Rodney L. White Center for Financial Research.
  88. Alon Brav & Christopher Geczy & Paul A. Gompers, "undated". "Is the Abnormal Return Following Equity Issuances Anomalous?," Rodney L. White Center for Financial Research Working Papers 2-99, Wharton School Rodney L. White Center for Financial Research.
  89. Christopher C. Geczy & Bernadette A. Minton & Catherine Schrand, "undated". "Choices Among Alternative Risk Management Strategies: Evidence from the Natural Gas Industry," Rodney L. White Center for Financial Research Working Papers 28-99, Wharton School Rodney L. White Center for Financial Research.

Journal articles

2022

  1. Pierre Chaigneau & Alex Edmans & Daniel Gottlieb, 2022. "How Should Performance Signals Affect Contracts? [On the optimality of resetting executive stock options]," Review of Financial Studies, Society for Financial Studies, vol. 35(1), pages 168-206.
  2. Alex Edmans, 2022. "The purpose of a finance professor," Financial Management, Financial Management Association International, vol. 51(1), pages 3-26, March.
  3. Alex Edmans & Vivian W. Fang & Allen H. Huang, 2022. "The Long‐Term Consequences of Short‐Term Incentives," Journal of Accounting Research, Wiley Blackwell, vol. 60(3), pages 1007-1046, June.
  4. Edmans, Alex & Fernandez-Perez, Adrian & Garel, Alexandre & Indriawan, Ivan, 2022. "Music sentiment and stock returns around the world," Journal of Financial Economics, Elsevier, vol. 145(2), pages 234-254.
  5. Loretta J. Mester, 2022. "Reflections: Small Businesses," Reflections by Loretta Mester, Federal Reserve Bank of Cleveland, vol. 2022(01), pages 1-13, April.
  6. Xu Cheng & Winston Wei Dou & Zhipeng Liao, 2022. "Macro‐Finance Decoupling: Robust Evaluations of Macro Asset Pricing Models," Econometrica, Econometric Society, vol. 90(2), pages 685-713, March.

2021

  1. Jermann, Urban J., 2021. "Cryptocurrencies and Cagan’s model of hyperinflation," Journal of Macroeconomics, Elsevier, vol. 69(C).
  2. Loretta J. Mester, 2021. "Reflections: Education," Reflections by Loretta Mester, Federal Reserve Bank of Cleveland, vol. 2021(02), pages 1-9, May.
  3. Loretta J. Mester, 2021. "Reflections from Loretta J. Mester," Reflections by Loretta Mester, Federal Reserve Bank of Cleveland, vol. 2021(01), pages 1-1, March.
  4. Loretta J. Mester, 2021. "Reflections: Workforce Development," Reflections by Loretta Mester, Federal Reserve Bank of Cleveland, vol. 2021(03), pages 1-9, July.
  5. Loretta J. Mester, 2021. "Reflections: Place Matters," Reflections by Loretta Mester, Federal Reserve Bank of Cleveland, vol. 2021(04), pages 1-12, August.
  6. Lim, Jongha & Schwert, Michael & Weisbach, Michael S., 2021. "The economics of PIPEs," Journal of Financial Intermediation, Elsevier, vol. 45(C).
  7. Dou, Winston Wei & Taylor, Lucian A. & Wang, Wei & Wang, Wenyu, 2021. "Dissecting bankruptcy frictions," Journal of Financial Economics, Elsevier, vol. 142(3), pages 975-1000.
  8. Winston Wei Dou & Yan Ji & David Reibstein & Wei Wu, 2021. "Inalienable Customer Capital, Corporate Liquidity, and Stock Returns," Journal of Finance, American Finance Association, vol. 76(1), pages 211-265, February.
  9. Dou, Winston Wei & Ji, Yan & Wu, Wei, 2021. "Competition, profitability, and discount rates," Journal of Financial Economics, Elsevier, vol. 140(2), pages 582-620.

2020

  1. Urban J Jermann, 2020. "Negative Swap Spreads and Limited Arbitrage," Review of Financial Studies, Society for Financial Studies, vol. 33(1), pages 212-238.
  2. Amar Gande & Kose John & Vinay B. Nair & Lemma W. Senbet, 2020. "Taxes, institutions, and innovation: Theory and international evidence," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(9), pages 1413-1442, December.
  3. Alex Edmans, 2020. "Company purpose and profit need not be in conflict if we ‘grow the pie’," Economic Affairs, Wiley Blackwell, vol. 40(2), pages 287-294, June.
  4. Vincent Glode & Christian C Opp, 2020. "Over-the-Counter versus Limit-Order Markets: The Role of Traders’ Expertise," Review of Financial Studies, Society for Financial Studies, vol. 33(2), pages 866-915.
  5. Craig Benedict & Mario J. Crucini & Anthony Landry, 2020. "On What States Do Prices Depend? Answers From Ecuador," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(8), pages 1909-1935, December.
  6. Francesca Brusa & Pavel Savor & Mungo Wilson, 2020. "One Central Bank to Rule Them All," Review of Finance, European Finance Association, vol. 24(2), pages 263-304.
  7. Kaviani, Mahsa S. & Kryzanowski, Lawrence & Maleki, Hosein & Savor, Pavel, 2020. "Policy uncertainty and corporate credit spreads," Journal of Financial Economics, Elsevier, vol. 138(3), pages 838-865.
  8. Michael Schwert, 2020. "Does Borrowing from Banks Cost More than Borrowing from the Market?," Journal of Finance, American Finance Association, vol. 75(2), pages 905-947, April.
  9. Winston W. Dou & Andrew W. Lo & Ameya Muley & Harald Uhlig, 2020. "Macroeconomic Models for Monetary Policy: A Critical Review from a Finance Perspective," Annual Review of Financial Economics, Annual Reviews, vol. 12(1), pages 95-140, December.

2019

  1. Liu, Jianan & Stambaugh, Robert F. & Yuan, Yu, 2019. "Size and value in China," Journal of Financial Economics, Elsevier, vol. 134(1), pages 48-69.
  2. Pástor, Luboš & Stambaugh, Robert F., 2019. "Liquidity Risk After 20 Years," Critical Finance Review, now publishers, vol. 8(1-2), pages 277-299, December.
  3. Chaigneau, Pierre & Edmans, Alex & Gottlieb, Daniel, 2019. "The informativeness principle without the first-order approach," Games and Economic Behavior, Elsevier, vol. 113(C), pages 743-755.
  4. Alex Edmans & Doron Levit & Devin Reilly, 2019. "Governance Under Common Ownership," Review of Financial Studies, Society for Financial Studies, vol. 32(7), pages 2673-2719.
  5. Alex Edmans & William Mann, 2019. "Financing Through Asset Sales," Management Science, INFORMS, vol. 65(7), pages 3043-3060, July.
  6. Glode, Vincent & Opp, Christian C. & Zhang, Xingtan, 2019. "On the efficiency of long intermediation chains," Journal of Financial Intermediation, Elsevier, vol. 38(C), pages 11-18.
  7. Crucini, Mario J. & Landry, Anthony, 2019. "Accounting for real exchange rates using micro-data," Journal of International Money and Finance, Elsevier, vol. 91(C), pages 86-100.
  8. Jaffe, Jeffrey F. & Jindra, Jan & Pedersen, David J. & Voetmann, Torben, 2019. "Do Unlisted Targets Sell at Discounts?," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 54(3), pages 1371-1401, June.
  9. Hughes, Joseph P. & Jagtiani, Julapa & Mester, Loretta J. & Moon, Choon-Geol, 2019. "Does scale matter in community bank performance? Evidence obtained by applying several new measures of performance," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 471-499.

2018

  1. Jermann, Urban J. & Yue, Vivian Z., 2018. "Interest rate swaps and corporate default," Journal of Economic Dynamics and Control, Elsevier, vol. 88(C), pages 104-120.
  2. Liu, Jianan & Stambaugh, Robert F. & Yuan, Yu, 2018. "Absolving beta of volatility’s effects," Journal of Financial Economics, Elsevier, vol. 128(1), pages 1-15.
  3. Alex Edmans & Luis Goncalves-Pinto & Moqi Groen-Xu & Yanbo Wang, 2018. "Strategic News Releases in Equity Vesting Months," Review of Financial Studies, Society for Financial Studies, vol. 31(11), pages 4099-4141.
  4. Chaigneau, Pierre & Edmans, Alex & Gottlieb, Daniel, 2018. "Does improved information improve incentives?," Journal of Financial Economics, Elsevier, vol. 130(2), pages 291-307.
  5. Glode, Vincent & Opp, Christian C. & Zhang, Xingtan, 2018. "Voluntary disclosure in bilateral transactions," Journal of Economic Theory, Elsevier, vol. 175(C), pages 652-688.
  6. Kopytov, Alexandr & Roussanov, Nikolai & Taschereau-Dumouchel, Mathieu, 2018. "Short-run pain, long-run gain? Recessions and technological transformation," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 29-44.
  7. Michael Schwert, 2018. "Bank Capital and Lending Relationships," Journal of Finance, American Finance Association, vol. 73(2), pages 787-830, April.

2017

  1. Lewis, Karen K., 2017. "Changing risk exposures of cross-listed firms and market integration," Journal of International Money and Finance, Elsevier, vol. 70(C), pages 378-405.
  2. Lewis, Karen K. & Liu, Edith X., 2017. "Disaster risk and asset returns: An international perspective," Journal of International Economics, Elsevier, vol. 108(S1), pages 42-58.
  3. Bernard Dumas & Karen K. Lewis & Emilio Osambela, 2017. "Differences of Opinion and International Equity Markets," Review of Financial Studies, Society for Financial Studies, vol. 30(3), pages 750-800.
  4. Urban J. Jermann, 2017. "Financial Markets' Views about the Euro–Swiss Franc Floor," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(2-3), pages 553-565, March.
  5. Robert F. Stambaugh & Yu Yuan, 2017. "Mispricing Factors," Review of Financial Studies, Society for Financial Studies, vol. 30(4), pages 1270-1315.
  6. Ľuboš Pástor & Robert F. Stambaugh & Lucian A. Taylor, 2017. "Do Funds Make More When They Trade More?," Journal of Finance, American Finance Association, vol. 72(4), pages 1483-1528, August.
  7. Franklin Allen & Alex Edmans, 2017. "Editorial," Review of Finance, European Finance Association, vol. 21(1), pages 1-6.
  8. Alex Edmans & Vivian W. Fang & Katharina A. Lewellen, 2017. "Equity Vesting and Investment," Review of Financial Studies, Society for Financial Studies, vol. 30(7), pages 2229-2271.
  9. Edmans, Alex & Jayaraman, Sudarshan & Schneemeier, Jan, 2017. "The source of information in prices and investment-price sensitivity," Journal of Financial Economics, Elsevier, vol. 126(1), pages 74-96.
  10. Ready, Robert & Roussanov, Nikolai & Ward, Colin, 2017. "After the tide: Commodity currencies and global trade," Journal of Monetary Economics, Elsevier, vol. 85(C), pages 69-86.
  11. Robert Ready & Nikolai Roussanov & Colin Ward, 2017. "Commodity Trade and the Carry Trade: A Tale of Two Countries," Journal of Finance, American Finance Association, vol. 72(6), pages 2629-2684, December.
  12. Jan Jindra & Torben Voetmann & Ralph A. Walkling, 2017. "Private Class Action Litigation Risk of Chinese Firms Listed in the US," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 7(01), pages 1-20, March.
  13. Wilko Bolt & Loretta J. Mester, 2017. "Introduction to Retail Payments: Mapping Out the Road Ahead," Journal of Financial Services Research, Springer;Western Finance Association, vol. 52(1), pages 1-3, October.
  14. Mester, Loretta J., 2017. "The nexus of macroprudential supervision, monetary policy, and financial stability," Journal of Financial Stability, Elsevier, vol. 30(C), pages 177-180.
  15. Michael Schwert, 2017. "Municipal Bond Liquidity and Default Risk," Journal of Finance, American Finance Association, vol. 72(4), pages 1683-1722, August.

2016

  1. João Gomes & Urban Jermann & Lukas Schmid, 2016. "Sticky Leverage," American Economic Review, American Economic Association, vol. 106(12), pages 3800-3828, December.
  2. Alex Edmans & Mirko S. Heinle & Chong Huang, 2016. "The Real Costs of Financial Efficiency When Some Information Is Soft," Review of Finance, European Finance Association, vol. 20(6), pages 2151-2182.
  3. Alex Edmans & Xavier Gabaix, 2016. "Executive Compensation: A Modern Primer," Journal of Economic Literature, American Economic Association, vol. 54(4), pages 1232-1287, December.
  4. Vincent Glode & Christian Opp, 2016. "Asymmetric Information and Intermediation Chains," American Economic Review, American Economic Association, vol. 106(9), pages 2699-2721, September.
  5. Vincent Glode & Richard Lowery, 2016. "Compensating Financial Experts," Journal of Finance, American Finance Association, vol. 71(6), pages 2781-2808, December.
  6. Torben Voetmann, 2016. "The Bid-Ask Spread in the Danish Stock Market: Evidence from the 1990s," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(9), pages 127-139, September.
  7. Pavel Savor & Mungo Wilson, 2016. "Earnings Announcements and Systematic Risk," Journal of Finance, American Finance Association, vol. 71(1), pages 83-138, February.
  8. Francesco Lamperti & Roberto Mavilia & Marco Giometti, 2016. "Persistence of innovation and knowledge flows in Africa: an empirical investigation," Innovation and Development, Taylor & Francis Journals, vol. 6(2), pages 235-257, July.

2015

  1. Lewis, Karen K. & Liu, Edith X., 2015. "Evaluating international consumption risk sharing gains: An asset return view," Journal of Monetary Economics, Elsevier, vol. 71(C), pages 84-98.
  2. Pástor, Ľuboš & Stambaugh, Robert F. & Taylor, Lucian A., 2015. "Scale and skill in active management," Journal of Financial Economics, Elsevier, vol. 116(1), pages 23-45.
  3. Robert F. Stambaugh & Jianfeng Yu & Yu Yuan, 2015. "Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle," Journal of Finance, American Finance Association, vol. 70(5), pages 1903-1948, October.
  4. Alex Edmans & Itay Goldstein & Wei Jiang, 2015. "Feedback Effects, Asymmetric Trading, and the Limits to Arbitrage," American Economic Review, American Economic Association, vol. 105(12), pages 3766-3797, December.
  5. Jaffe, Jeffrey & Jindra, Jan & Pedersen, David & Voetmann, Torben, 2015. "Returns to acquirers of public and subsidiary targets," Journal of Corporate Finance, Elsevier, vol. 31(C), pages 246-270.
  6. Nina Karnaukh & Angelo Ranaldo & Paul Söderlind, 2015. "Understanding FX Liquidity," Review of Financial Studies, Society for Financial Studies, vol. 28(11), pages 3073-3108.
  7. Geczy, Christopher C., 2015. "Financial market assumptions and pension plan models: a comment on PIMS model asset markets assumptions," Journal of Pension Economics and Finance, Cambridge University Press, vol. 14(2), pages 127-143, April.

2014

  1. Robert F. Stambaugh, 2014. "Presidential Address: Investment Noise and Trends," Journal of Finance, American Finance Association, vol. 69(4), pages 1415-1453, August.
  2. Stambaugh, Robert F. & Yu, Jianfeng & Yuan, Yu, 2014. "The long of it: Odds that investor sentiment spuriously predicts anomaly returns," Journal of Financial Economics, Elsevier, vol. 114(3), pages 613-619.
  3. Alex Edmans, 2014. "Blockholders and Corporate Governance," Annual Review of Financial Economics, Annual Reviews, vol. 6(1), pages 23-50, December.
  4. Philip Bond & Vincent Glode, 2014. "Editor's Choice The Labor Market for Bankers and Regulators," Review of Financial Studies, Society for Financial Studies, vol. 27(9), pages 2539-2579.
  5. Roussanov, Nikolai, 2014. "Composition of wealth, conditioning information, and the cross-section of stock returns," Journal of Financial Economics, Elsevier, vol. 111(2), pages 352-380.
  6. Lustig, Hanno & Roussanov, Nikolai & Verdelhan, Adrien, 2014. "Countercyclical currency risk premia," Journal of Financial Economics, Elsevier, vol. 111(3), pages 527-553.
  7. Nikolai Roussanov & Pavel Savor, 2014. "Marriage and Managers' Attitudes to Risk," Management Science, INFORMS, vol. 60(10), pages 2496-2508, October.
  8. Mark T. Leary & Michael R. Roberts, 2014. "Do Peer Firms Affect Corporate Financial Policy?," Journal of Finance, American Finance Association, vol. 69(1), pages 139-178, February.
  9. Savor, Pavel & Wilson, Mungo, 2014. "Asset pricing: A tale of two days," Journal of Financial Economics, Elsevier, vol. 113(2), pages 171-201.
  10. Elyasiani, Elyas & Mester, Loretta J. & Pagano, Michael S., 2014. "Large capital infusions, investor reactions, and the return and risk-performance of financial institutions over the business cycle," Journal of Financial Stability, Elsevier, vol. 11(C), pages 62-81.

2013

  1. Jermann, Urban J., 2013. "A production-based model for the term structure," Journal of Financial Economics, Elsevier, vol. 109(2), pages 293-306.
  2. Alex Edmans & Vivian W. Fang & Emanuel Zur, 2013. "The Effect of Liquidity on Governance," Review of Financial Studies, Society for Financial Studies, vol. 26(6), pages 1443-1482.
  3. Landry, Anthony, 2013. "Borders and Big Macs," Economics Letters, Elsevier, vol. 120(2), pages 318-322.
  4. Kenneth J. Singleton & Bruno Biais & Michael Roberts, 2013. "Report of the Editor of The Journal of Finance for the Year 2012," Journal of Finance, American Finance Association, vol. 68(4), pages 1691-1705, August.
  5. Lynch, Anthony W. & Wachter, Jessica A., 2013. "Using Samples of Unequal Length in Generalized Method of Moments Estimation," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 48(1), pages 277-307, February.
  6. Jessica A. Wachter, 2013. "Can Time-Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?," Journal of Finance, American Finance Association, vol. 68(3), pages 987-1035, June.
  7. Jaffe, Jeffrey & Pedersen, David & Voetmann, Torben, 2013. "Skill differences in corporate acquisitions," Journal of Corporate Finance, Elsevier, vol. 23(C), pages 166-181.
  8. Carlos A. Medel & Sergio C. Salgado, 2013. "Does the Bic Estimate and Forecast Better than the Aic?," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 28(1), pages 47-64, April.
  9. Savor, Pavel & Wilson, Mungo, 2013. "How Much Do Investors Care About Macroeconomic Risk? Evidence from Scheduled Economic Announcements," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 48(2), pages 343-375, April.
  10. Mikhail Golosov & Pricila Maziero & Guido Menzio, 2013. "Taxation and Redistribution of Residual Income Inequality," Journal of Political Economy, University of Chicago Press, vol. 121(6), pages 1160-1204.
  11. Loretta J. Mester & Elif Sen, 2013. "Has job quality been \\"job one\\" in the economic recovery?," Research Rap Special Report, Federal Reserve Bank of Philadelphia, issue Aug.
  12. Theodore M. Crone & N. Neil K. Khettry & Loretta J. Mester & Jason A. Novak, 2013. "Core Measures of Inflation as Predictors of Total Inflation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(2-3), pages 505-519, March.
  13. Hughes, Joseph P. & Mester, Loretta J., 2013. "Who said large banks don’t experience scale economies? Evidence from a risk-return-driven cost function," Journal of Financial Intermediation, Elsevier, vol. 22(4), pages 559-585.
  14. Lisha Chen & Winston Wei Dou & Zhihua Qiao, 2013. "Ensemble Subsampling for Imbalanced Multivariate Two-Sample Tests," Journal of the American Statistical Association, Taylor & Francis Journals, vol. 108(504), pages 1308-1323, December.

2012

  1. Karen K. Lewis, 2012. "Global stock market linkages reduce potential for diversification," Economic Letter, Federal Reserve Bank of Dallas, vol. 7(feb).
  2. Urban Jermann & Vincenzo Quadrini, 2012. "Erratum: Macroeconomic Effects of Financial Shocks," American Economic Review, American Economic Association, vol. 102(2), pages 1186-1186, April.
  3. Urban Jermann & Vincenzo Quadrini, 2012. "Macroeconomic Effects of Financial Shocks," American Economic Review, American Economic Association, vol. 102(1), pages 238-271, February.
  4. Stambaugh, Robert F. & Yu, Jianfeng & Yuan, Yu, 2012. "The short of it: Investor sentiment and anomalies," Journal of Financial Economics, Elsevier, vol. 104(2), pages 288-302.
  5. Ľuboš Pástor & Robert F. Stambaugh, 2012. "On the Size of the Active Management Industry," Journal of Political Economy, University of Chicago Press, vol. 120(4), pages 740-781.
  6. Ľuboš Pástor & Robert F. Stambaugh, 2012. "Are Stocks Really Less Volatile in the Long Run?," Journal of Finance, American Finance Association, vol. 67(2), pages 431-478, April.
  7. Alex Edmans & Xavier Gabaix & Tomasz Sadzik & Yuliy Sannikov, 2012. "Dynamic CEO Compensation," Journal of Finance, American Finance Association, vol. 67(5), pages 1603-1647, October.
  8. Philip Bond & Alex Edmans & Itay Goldstein, 2012. "The Real Effects of Financial Markets," Annual Review of Financial Economics, Annual Reviews, vol. 4(1), pages 339-360, October.
  9. Alex Edmans & Itay Goldstein & Wei Jiang, 2012. "The Real Effects of Financial Markets: The Impact of Prices on Takeovers," Journal of Finance, American Finance Association, vol. 67(3), pages 933-971, June.
  10. Vincent Glode & Richard C. Green & Richard Lowery, 2012. "Financial Expertise as an Arms Race," Journal of Finance, American Finance Association, vol. 67(5), pages 1723-1759, October.
  11. Anthony E. Landry & Carlos E. Zarazaga, 2012. "Economic rebounds in U.S. and euro zone: deceivingly similar, strikingly different," Economic Letter, Federal Reserve Bank of Dallas, vol. 7(feb).
  12. Marianne Baxter & Anthony E. Landry, 2012. "IKEA: product, pricing, and pass-through," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 1-32.
  13. Roni Michaely & Michael R. Roberts, 2012. "Corporate Dividend Policies: Lessons from Private Firms," Review of Financial Studies, Society for Financial Studies, vol. 25(3), pages 711-746.
  14. Savor, Pavel G., 2012. "Stock returns after major price shocks: The impact of information," Journal of Financial Economics, Elsevier, vol. 106(3), pages 635-659.
  15. Loretta J. Mester, 2012. "Changes in the use of electronic means of payment: 1995-2010," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 25-36.
  16. Krista Schwarz, 2012. "Are speculators informed?," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 32(1), pages 1-23, January.

2011

  1. Karen K. Lewis, 2011. "Global Asset Pricing," Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 435-466, December.
  2. Robert F. Stambaugh, 2011. "Inference about Survivors," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 1(03), pages 423-464.
  3. Jack Bao & Alex Edmans, 2011. "Do Investment Banks Matter for M&A Returns?," Review of Financial Studies, Society for Financial Studies, vol. 24(7), pages 2286-2315.
  4. Alex Edmans & Qi Liu, 2011. "Inside Debt," Review of Finance, European Finance Association, vol. 15(1), pages 75-102.
  5. Edmans, Alex, 2011. "Short-term termination without deterring long-term investment: A theory of debt and buyouts," Journal of Financial Economics, Elsevier, vol. 102(1), pages 81-101, October.
  6. Edmans, Alex, 2011. "Does the stock market fully value intangibles? Employee satisfaction and equity prices," Journal of Financial Economics, Elsevier, vol. 101(3), pages 621-640, September.
  7. Alex Edmans & Xavier Gabaix, 2011. "Tractability in Incentive Contracting," Review of Financial Studies, Society for Financial Studies, vol. 24(9), pages 2865-2894.
  8. Alex Edmans & Xavier Gabaix, 2011. "The Effect of Risk on the CEO Market," Review of Financial Studies, Society for Financial Studies, vol. 24(8), pages 2822-2863.
  9. Alex Edmans & Gustavo Manso, 2011. "Governance Through Trading and Intervention: A Theory of Multiple Blockholders," Review of Financial Studies, Society for Financial Studies, vol. 24(7), pages 2395-2428.
  10. Glode, Vincent, 2011. "Why mutual funds "underperform"," Journal of Financial Economics, Elsevier, vol. 99(3), pages 546-559, March.
  11. Glode, Vincent & Green, Richard C., 2011. "Information spillovers and performance persistence for hedge funds," Journal of Financial Economics, Elsevier, vol. 101(1), pages 1-17, July.
  12. Anthony E. Landry, 2011. "How the U.S. tax system stacks up against other G-7 economies," Economic Letter, Federal Reserve Bank of Dallas, vol. 6(nov).
  13. Hanno Lustig & Nikolai Roussanov & Adrien Verdelhan, 2011. "Common Risk Factors in Currency Markets," Review of Financial Studies, Society for Financial Studies, vol. 24(11), pages 3731-3777.
  14. B. Fingleton & P. Cheshire & H. Garretsen & D. Igliori & J. Le Gallo & P. McCann & J. McCombie & V. Monastiriotis & B. Moore & M. Roberts, 2011. "We Move into Distinguished Company," Spatial Economic Analysis, Taylor & Francis Journals, vol. 6(2), pages 133-138.
  15. Lettau, Martin & Wachter, Jessica A., 2011. "The term structures of equity and interest rates," Journal of Financial Economics, Elsevier, vol. 101(1), pages 90-113, July.

2010

  1. Jermann, Urban J., 2010. "The equity premium implied by production," Journal of Financial Economics, Elsevier, vol. 98(2), pages 279-296, November.
  2. Joao F. Gomes & Lukas Schmid, 2010. "Levered Returns," Journal of Finance, American Finance Association, vol. 65(2), pages 467-494, April.
  3. Ronel Elul & Nicholas S. Souleles & Souphala Chomsisengphet & Dennis Glennon & Robert Hunt, 2010. "What "Triggers" Mortgage Default?," American Economic Review, American Economic Association, vol. 100(2), pages 490-494, May.
  4. Michele Cavallo & Anthony Landry, 2010. "The Quantitative Role of Capital Goods Imports in US Growth," American Economic Review, American Economic Association, vol. 100(2), pages 78-82, May.
  5. Anthony E. Landry, 2010. "The globalization of ideas," Economic Letter, Federal Reserve Bank of Dallas, vol. 5(nov).
  6. Landry, Anthony, 2010. "State-dependent pricing, local-currency pricing, and exchange rate pass-through," Journal of Economic Dynamics and Control, Elsevier, vol. 34(10), pages 1859-1871, October.
  7. Nikolai Roussanov, 2010. "Diversification and Its Discontents: Idiosyncratic and Entrepreneurial Risk in the Quest for Social Status," Journal of Finance, American Finance Association, vol. 65(5), pages 1755-1788, October.
  8. Leary, Mark T. & Roberts, Michael R., 2010. "The pecking order, debt capacity, and information asymmetry," Journal of Financial Economics, Elsevier, vol. 95(3), pages 332-355, March.
  9. Lemmon, Michael & Roberts, Michael R., 2010. "The Response of Corporate Financing and Investment to Changes in the Supply of Credit," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 45(3), pages 555-587, June.
  10. B. Fingleton & P. Cheshire & H. Garretsen & D. Igliori & J. Le Gallo & P. McCann & J. McCombie & V. Monastiriotis & B. Moore & M. Roberts, 2010. "Editorial," Spatial Economic Analysis, Taylor & Francis Journals, vol. 5(4), pages 355-361.
  11. B Fingleton & P Cheshire & H Garretsen & D Igliori & J Le Gallo & P McCann & John McCombie & V Monastiriotis & B Moore & M Roberts, 2010. "Editorial," Spatial Economic Analysis, Taylor & Francis Journals, vol. 5(1), pages 1-7.
  12. B. Fingleton & P. Cheshire & H. Garretsen & D. Igliori & J. Le Gallo & P. McCann & J. McCombie & V. Monastiriotis & B. Moore & M. Roberts, 2010. "Editorial," Spatial Economic Analysis, Taylor & Francis Journals, vol. 5(3), pages 257-262.
  13. B. Fingleton & P. Cheshire & H. Garretsen & D. Igliori & J. Le Gallo & P. McCann & J. McCombie & V. Monastiriotis & B. Moore & M. Roberts, 2010. "Editorial," Spatial Economic Analysis, Taylor & Francis Journals, vol. 5(2), pages 121-125.
  14. Jessica A. Wachter & Motohiro Yogo, 2010. "Why Do Household Portfolio Shares Rise in Wealth?," Review of Financial Studies, Society for Financial Studies, vol. 23(11), pages 3929-3965, November.
  15. Jessica A. Wachter, 2010. "Asset Allocation," Annual Review of Financial Economics, Annual Reviews, vol. 2(1), pages 175-206, December.
  16. Baker, Malcolm & Litov, Lubomir & Wachter, Jessica A. & Wurgler, Jeffrey, 2010. "Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 45(5), pages 1111-1131, October.

2009

  1. João F. Gomes & Leonid Kogan & Motohiro Yogo, 2009. "Durability of Output and Expected Stock Returns," Journal of Political Economy, University of Chicago Press, vol. 117(5), pages 941-986.
  2. Ľuboš Pástor & Robert F. Stambaugh, 2009. "Predictive Systems: Living with Imperfect Predictors," Journal of Finance, American Finance Association, vol. 64(4), pages 1583-1628, August.
  3. K. J. Martijn Cremers & Vinay B. Nair & Kose John, 2009. "Takeovers and the Cross-Section of Returns," Review of Financial Studies, Society for Financial Studies, vol. 22(4), pages 1409-1445, April.
  4. Victoria Ivashina & Vinay B. Nair & Anthony Saunders & Nadia Massoud & Roger Stover, 2009. "Bank Debt and Corporate Governance," Review of Financial Studies, Society for Financial Studies, vol. 22(1), pages 41-77, January.
  5. Augustin Landier & Vinay B. Nair & Julie Wulf, 2009. "Trade-offs in Staying Close: Corporate Decision Making and Geographic Dispersion," Review of Financial Studies, Society for Financial Studies, vol. 22(3), pages 1119-1148, March.
  6. Alex Edmans & Xavier Gabaix & Augustin Landier, 2009. "A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium," Review of Financial Studies, Society for Financial Studies, vol. 22(12), pages 4881-4917, December.
  7. Alex Edmans, 2009. "Blockholder Trading, Market Efficiency, and Managerial Myopia," Journal of Finance, American Finance Association, vol. 64(6), pages 2481-2513, December.
  8. Alex Edmans & Xavier Gabaix, 2009. "Is CEO Pay Really Inefficient? A Survey of New Optimal Contracting Theories," European Financial Management, European Financial Management Association, vol. 15(3), pages 486-496, June.
  9. Landry, Anthony, 2009. "Expectations and exchange rate dynamics: A state-dependent pricing approach," Journal of International Economics, Elsevier, vol. 78(1), pages 60-71, June.
  10. Kerwin Kofi Charles & Erik Hurst & Nikolai Roussanov, 2009. "Conspicuous Consumption and Race," The Quarterly Journal of Economics, Oxford University Press, vol. 124(2), pages 425-467.
  11. Michael R. Roberts & Amir Sufi, 2009. "Control Rights and Capital Structure: An Empirical Investigation," Journal of Finance, American Finance Association, vol. 64(4), pages 1657-1695, August.
  12. Roberts, Michael R. & Sufi, Amir, 2009. "Renegotiation of financial contracts: Evidence from private credit agreements," Journal of Financial Economics, Elsevier, vol. 93(2), pages 159-184, August.
  13. Alon Brav & Roni Michaely & Michael Roberts & Rebecca Zarutskie, 2009. "Evidence on the Trade‐Off between Risk and Return for IPO and SEO Firms," Financial Management, Financial Management Association International, vol. 38(2), pages 221-252, June.
  14. Michael R. Roberts & Amir Sufi, 2009. "Financial Contracting: A Survey of Empirical Research and Future Directions," Annual Review of Financial Economics, Annual Reviews, vol. 1(1), pages 207-226, November.
  15. B. Fingleton & P. Cheshire & H. Garretsen & D. Igliori & J. Le Gallo & P. McCann & J. McCombie & V. Monastiriotis & B. Moore & M. Roberts, 2009. "Editorial," Spatial Economic Analysis, Taylor & Francis Journals, vol. 4(3), pages 243-248.
  16. Wachter, Jessica A. & Warusawitharana, Missaka, 2009. "Predictable returns and asset allocation: Should a skeptical investor time the market?," Journal of Econometrics, Elsevier, vol. 148(2), pages 162-178, February.
  17. Pavel G. Savor & Qi Lu, 2009. "Do Stock Mergers Create Value for Acquirers?," Journal of Finance, American Finance Association, vol. 64(3), pages 1061-1097, June.
  18. Loretta J. Mester, 2009. "Changes in the use of electronic means of payment: 1995-2007," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 29-37.
  19. Richard B. Evans & Christopher C. Geczy & Adam V. Reed, 2009. "Failure Is an Option: Impediments to Short Selling and Options Prices," Review of Financial Studies, Society for Financial Studies, vol. 22(5), pages 1955-1980, May.

2008

  1. Anthony E. Landry, 2008. "The Big Mac: a global-to-local look at pricing," Economic Letter, Federal Reserve Bank of Dallas, vol. 3(sep).
  2. Michael L. Lemmon & Michael R. Roberts & Jaime F. Zender, 2008. "Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure," Journal of Finance, American Finance Association, vol. 63(4), pages 1575-1608, August.
  3. Sudheer Chava & Michael R. Roberts, 2008. "How Does Financing Impact Investment? The Role of Debt Covenants," Journal of Finance, American Finance Association, vol. 63(5), pages 2085-2121, October.
  4. B. Fingleton & P. Cheshire & H. Garretsen & D. Igliori & J. Le Gallo & P. McCann & J. McCombie & V. Monastiriotis & B. Moore & M. Roberts, 2008. "Editorial," Spatial Economic Analysis, Taylor & Francis Journals, vol. 3(3), pages 269-273.
  5. Martin Lettau & Sydney C. Ludvigson & Jessica A. Wachter, 2008. "The Declining Equity Premium: What Role Does Macroeconomic Risk Play?," Review of Financial Studies, Society for Financial Studies, vol. 21(4), pages 1653-1687, July.
  6. Ales, Laurence & Carapella, Francesca & Maziero, Pricila & Weber, Warren E., 2008. "A model of banknote discounts," Journal of Economic Theory, Elsevier, vol. 142(1), pages 5-27, September.
  7. Mester, Loretta J., 2008. "Introduction," Journal of Economics and Business, Elsevier, vol. 60(1-2), pages 1-12.
  8. Loretta J. Mester, 2008. "Financing community development: Learning from the past, looking to the future," Business Review, Federal Reserve Bank of Philadelphia, issue Q1, pages 34-50.
  9. Loretta J. Mester, 2008. "Innovation and regulation in financial markets: A summary of the 2007 Philadelphia Fed Policy Forum," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 35-41.
  10. Lang, William W. & Mester, Loretta J. & Vermilyea, Todd A., 2008. "Competitive effects of Basel II on US bank credit card lending," Journal of Financial Intermediation, Elsevier, vol. 17(4), pages 478-508, October.
  11. Iftekhar Hasan & Loretta J Mester, 2008. "Central Bank Institutional Structure and Effective Central Banking: Cross-Country Empirical Evidence," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 50(4), pages 620-645, December.

2007

  1. Andrew B. Abel & Janice C. Eberly & Stavros Panageas, 2007. "Optimal Inattention to the Stock Market," American Economic Review, American Economic Association, vol. 97(2), pages 244-249, May.
  2. Jermann, Urban J. & Quadrini, Vincenzo, 2007. "Stock market boom and the productivity gains of the 1990s," Journal of Monetary Economics, Elsevier, vol. 54(2), pages 413-432, March.
  3. K.J. Martijn Cremers & Vinay B. Nair & Chenyang Wei, 2007. "Governance Mechanisms and Bond Prices," Review of Financial Studies, Society for Financial Studies, vol. 20(5), pages 1359-1388, 2007 07.
  4. Alex Edmans & Diego García & Øyvind Norli, 2007. "Sports Sentiment and Stock Returns," Journal of Finance, American Finance Association, vol. 62(4), pages 1967-1998, August.
  5. Sumit Agarwal & Chunlin Liu & Nicholas S. Souleles, 2007. "The Reaction of Consumer Spending and Debt to Tax Rebates-Evidence from Consumer Credit Data," Journal of Political Economy, University of Chicago Press, vol. 115(6), pages 986-1019, December.
  6. Kjetil Storesletten & Chris Telmer & Amir Yaron, 2007. "Asset Pricing with Idiosyncratic Risk and Overlapping Generations," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(4), pages 519-548, October.
  7. Jacob Boudoukh & Roni Michaely & Matthew Richardson & Michael R. Roberts, 2007. "On the Importance of Measuring Payout Yield: Implications for Empirical Asset Pricing," Journal of Finance, American Finance Association, vol. 62(2), pages 877-915, April.
  8. Loretta J. Mester, 2007. "Some thoughts on the evolution of the banking system and the process of financial intermediation," Economic Review, Federal Reserve Bank of Atlanta, issue Q1-2, pages 67-75.
  9. Loretta J. Mester, 2007. "Economic growth and development: perspectives for policy makers," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 30-39.
  10. Loretta J. Mester & Leonard I. Nakamura & Micheline Renault, 2007. "Transactions Accounts and Loan Monitoring," Review of Financial Studies, Society for Financial Studies, vol. 20(3), pages 529-556.
  11. Christopher C. Géczy & Bernadette A. Minton & Catherine M. Schrand, 2007. "Taking a View: Corporate Speculation, Governance, and Compensation," Journal of Finance, American Finance Association, vol. 62(5), pages 2405-2443, October.
  12. Susan E.K. Christoffersen & Christopher C. Geczy & David K. Musto & Adam V. Reed, 2007. "Vote Trading and Information Aggregation," Journal of Finance, American Finance Association, vol. 62(6), pages 2897-2929, December.

2006

  1. Urban J. Jermann & Vincenzo Quadrini, 2006. "Financial innovations and macroeconomic volatility," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
  2. João F. Gomes & Amir Yaron & Lu Zhang, 2006. "Asset Pricing Implications of Firms' Financing Constraints," Review of Financial Studies, Society for Financial Studies, vol. 19(4), pages 1321-1356.
  3. Robert F. Stambaugh, 2006. "Report of the Editor of The Journal of Finance for the Year 2005," Journal of Finance, American Finance Association, vol. 61(4), pages 2047-2062, August.
  4. Musto, David K. & Souleles, Nicholas S., 2006. "A portfolio view of consumer credit," Journal of Monetary Economics, Elsevier, vol. 53(1), pages 59-84, January.
  5. Nicholas S. Souleles & Jonathan A. Parker & David S. Johnson, 2006. "Household Expenditure and the Income Tax Rebates of 2001," American Economic Review, American Economic Association, vol. 96(5), pages 1589-1610, December.
  6. Huggett, Mark & Ventura, Gustavo & Yaron, Amir, 2006. "Human capital and earnings distribution dynamics," Journal of Monetary Economics, Elsevier, vol. 53(2), pages 265-290, March.
  7. Michael Roberts, 2006. "Modeling Strategies for Containing an Invading Infection," Mathematical Population Studies, Taylor & Francis Journals, vol. 13(4), pages 205-214.
  8. B. Fingleton & P. Cheshire & H. Garretsen & D. Igliori & P. McCann & J. McCombie & V. Monastiriotis & B. Moore & M. Roberts, 2006. "Editorial," Spatial Economic Analysis, Taylor & Francis Journals, vol. 1(2), pages 147-153.
  9. Nigel Key & Michael Roberts & Erik O'Donoghue, 2006. "Risk and farm operator labour supply," Applied Economics, Taylor & Francis Journals, vol. 38(5), pages 573-586.
  10. Wachter, Jessica A., 2006. "Comment on: "Can financial innovation help to explain the reduced volatility of economic activity?"," Journal of Monetary Economics, Elsevier, vol. 53(1), pages 151-154, January.
  11. Wachter, Jessica A., 2006. "A consumption-based model of the term structure of interest rates," Journal of Financial Economics, Elsevier, vol. 79(2), pages 365-399, February.
  12. Calem, Paul S. & Gordy, Michael B. & Mester, Loretta J., 2006. "Switching costs and adverse selection in the market for credit cards: New evidence," Journal of Banking & Finance, Elsevier, vol. 30(6), pages 1653-1685, June.
  13. Loretta J. Mester, 2006. "Fiscal imbalance: problems, solutions, and implications," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 31-39.
  14. Loretta J. Mester, 2006. "Changes in the use of electronic means of payment: 1995-2004," Business Review, Federal Reserve Bank of Philadelphia, issue Q2, pages 26-30.
  15. N. Neil K. Khettry & Loretta J. Mester, 2006. "Core inflation as a predictor of total inflation," Research Rap Special Report, Federal Reserve Bank of Philadelphia, issue Apr.

2005

  1. Fernando Alvarez & Urban J. Jermann, 2005. "Using Asset Prices to Measure the Persistence of the Marginal Utility of Wealth," Econometrica, Econometric Society, vol. 73(6), pages 1977-2016, November.
  2. Robert F. Stambaugh, 2005. "Report of the Editor of The Journal of Finance for the Year 2004," Journal of Finance, American Finance Association, vol. 60(4), pages 2125-2139, August.
  3. K. J. Martijn Cremers & Vinay B. Nair, 2005. "Governance Mechanisms and Equity Prices," Journal of Finance, American Finance Association, vol. 60(6), pages 2859-2894, December.
  4. Bansal, Ravi & Khatchatrian, Varoujan & Yaron, Amir, 2005. "Interpretable asset markets?," European Economic Review, Elsevier, vol. 49(3), pages 531-560, April.
  5. Jallath-Coria, Eduardo & Mukhopadhyay, Tridas & Yaron, Amir, 2005. "How Well Do Mexican Banks Manage Their Reserves?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(4), pages 623-643, August.
  6. Mark T. Leary & Michael R. Roberts, 2005. "Do Firms Rebalance Their Capital Structures?," Journal of Finance, American Finance Association, vol. 60(6), pages 2575-2619, December.
  7. Knittel, Christopher R. & Roberts, Michael R., 2005. "An empirical examination of restructured electricity prices," Energy Economics, Elsevier, vol. 27(5), pages 791-817, September.
  8. Wachter, Jessica A., 2005. "Solving models with external habit," Finance Research Letters, Elsevier, vol. 2(4), pages 210-226, December.
  9. John Campbell & Christopher Polk & Tuomo Vuolteenaho, 2005. "Growth or glamour? fundamentals and systemic risk in stock returns," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
  10. Robert Neumann & Torben Voetmann, 2005. "Top executive turnovers: Separating decision and control rights," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 25-37.
  11. Jan Bo Jakobsen & Torben Voetmann, 2005. "A New Approach for Interpreting Long-Run Returns, Applied to IPO and SEO Stocks," Annals of Economics and Finance, Society for AEF, vol. 6(2), pages 337-363, November.
  12. Kavajecz, Kenneth A. & Keim, Donald B., 2005. "Packaging Liquidity: Blind Auctions and Transaction Efficiencies," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 40(3), pages 465-492, September.
  13. Berger, Allen N. & Mester, Loretta J., 2005. "Erratum to "Explaining the dramatic changes in performance of US banks: Technological change, deregulation, and dynamic changes in competition" [J. Fin. Intermed. 12 (2003) 57-95]," Journal of Financial Intermediation, Elsevier, vol. 14(2), pages 278-279, April.
  14. Loretta J. Mester, 2005. "Challenges and opportunities in a global economy: perspectives on outsourcing, exchange rates, and free trade: a summary of the 2004 Philadelphia Fed Policy Forum," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 36-48.
  15. Leonardo Bartolini & Svenja Gudell & R. Spence Hilton & Krista B. Schwarz, 2005. "Intraday trading in the overnight federal funds market," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 11(Nov).
  16. Christoffersen, Susan E.K. & Geczy, Christopher C. & Musto, David K. & Reed, Adam V., 2005. "Crossborder dividend taxation and the preferences of taxable and nontaxable investors: Evidence from Canada," Journal of Financial Economics, Elsevier, vol. 78(1), pages 121-144, October.

2004

  1. Fernando Alvarez & Urban J. Jermann, 2004. "Using Asset Prices to Measure the Cost of Business Cycles," Journal of Political Economy, University of Chicago Press, vol. 112(6), pages 1223-1256, December.
  2. Joao Gomes & Leonid Kogan & Lu Zhang, 2004. "Erratum: "Equilibrium Cross Section of Returns"," Journal of Political Economy, University of Chicago Press, vol. 112(3), pages 724-753, June.
  3. Souleles, Nicholas S, 2004. "Expectations, Heterogeneous Forecast Errors, and Consumption: Micro Evidence from the Michigan Consumer Sentiment Surveys," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(1), pages 39-72, February.
  4. Storesletten, Kjetil & Telmer, Christopher I. & Yaron, Amir, 2004. "Consumption and risk sharing over the life cycle," Journal of Monetary Economics, Elsevier, vol. 51(3), pages 609-633, April.
  5. Berlin, Mitchell & Mester, Loretta J., 2004. "Retail credit risk management and measurement: An introduction to the special issue," Journal of Banking & Finance, Elsevier, vol. 28(4), pages 721-725, April.
  6. Berlin, Mitchell & Mester, Loretta J., 2004. "Credit card rates and consumer search," Review of Financial Economics, Elsevier, vol. 13(1-2), pages 179-198.
  7. Loretta J. Mester, 2004. "Managing the recovery in uncertain times: a summary of the 2003 Philadelphia Fed Policy Forum," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 44-53.
  8. Loretta J. Mester & William Olney, 2004. "Was job quality “job one” in the tri-state region’s economic recovery?," Research Rap Special Report, Federal Reserve Bank of Philadelphia, issue Dec.

2003

  1. Andrew B. Abel, 2003. "The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security," Econometrica, Econometric Society, vol. 71(2), pages 551-578, March.
  2. Joao F. Gomes & Amir Yaron & Lu Zhang, 2003. "Asset Prices and Business Cycles with Costly External Finance," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 767-788, October.
  3. Joao Gomes & Leonid Kogan & Lu Zhang, 2003. "Equilibrium Cross Section of Returns," Journal of Political Economy, University of Chicago Press, vol. 111(4), pages 693-732, August.
  4. Pastor, Lubos & Stambaugh, Robert F., 2003. "Liquidity Risk and Expected Stock Returns," Journal of Political Economy, University of Chicago Press, vol. 111(3), pages 642-685, June.
  5. John R. Graham & Roni Michaely & Michael R. Roberts, 2003. "Do Price Discreteness and Transactions Costs Affect Stock Returns? Comparing Ex‐Dividend Pricing before and after Decimalization," Journal of Finance, American Finance Association, vol. 58(6), pages 2611-2636, December.
  6. Wachter, Jessica A., 2003. "Risk aversion and allocation to long-term bonds," Journal of Economic Theory, Elsevier, vol. 112(2), pages 325-333, October.
  7. Jan Bo Jakobsen & Torben Voetmann, 2003. "Post-acquisition performance in the short and long run. Evidence from the Copenhagen Stock Exchange 1993-1997," The European Journal of Finance, Taylor & Francis Journals, vol. 9(4), pages 323-342.
  8. Neumann, Robert & Voetmann, Torben, 2003. "Does ownership matter in the presence of strict antiactivism legislation? Evidence from equity transactions in Denmark," International Review of Financial Analysis, Elsevier, vol. 12(2), pages 157-171.
  9. Robert Neumann & Torben Voetmann, 2003. "Demand Curves for European Stocks Slope Down Too," Review of Finance, Springer, vol. 7(3), pages 437-457.
  10. Berger, Allen N. & Mester, Loretta J., 2003. "Explaining the dramatic changes in performance of US banks: technological change, deregulation, and dynamic changes in competition," Journal of Financial Intermediation, Elsevier, vol. 12(1), pages 57-95, January.
  11. Hughes, Joseph P. & Lang, William W. & Mester, Loretta J. & Moon, Choon-Geol & Pagano, Michael S., 2003. "Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance," Journal of Banking & Finance, Elsevier, vol. 27(3), pages 417-447, March.
  12. Loretta J. Mester, 2003. "Crises, contagion, and coordination: a summary of the 2002 Philadelphia Fed Policy Forum," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 8-15.
  13. Loretta J. Mester, 2003. "Changes in the use of electronic means of payment: 1995-2001," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 18-28.

2002

  1. Andrew B. Abel, 2002. "On the Invariance of the Rate of Return to Convex Adjustment Costs," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(3), pages 586-601, July.
  2. Abel, Andrew B., 2002. "An exploration of the effects of pessimism and doubt on asset returns," Journal of Economic Dynamics and Control, Elsevier, vol. 26(7-8), pages 1075-1092, July.
  3. Urban Jermann, 2002. "EconomicDynamics Interviews Urban Jermann on Asset Pricing," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 3(2), April.
  4. Jermann, Urban J., 2002. "International portfolio diversification and endogenous labor supply choice," European Economic Review, Elsevier, vol. 46(3), pages 507-522, March.
  5. Yongsung Chang & Joao F. Gomes & Frank Schorfheide, 2002. "Learning-by-Doing as a Propagation Mechanism," American Economic Review, American Economic Association, vol. 92(5), pages 1498-1520, December.
  6. Pastor, Lubos & Stambaugh, Robert F., 2002. "Mutual fund performance and seemingly unrelated assets," Journal of Financial Economics, Elsevier, vol. 63(3), pages 315-349, March.
  7. Pastor, Lubos & Stambaugh, Robert F., 2002. "Investing in equity mutual funds," Journal of Financial Economics, Elsevier, vol. 63(3), pages 351-380, March.
  8. Souleles, Nicholas S., 2002. "Consumer response to the Reagan tax cuts," Journal of Public Economics, Elsevier, vol. 85(1), pages 99-120, July.
  9. David B. Gross, 2002. "An Empirical Analysis of Personal Bankruptcy and Delinquency," Review of Financial Studies, Society for Financial Studies, vol. 15(1), pages 319-347, March.
  10. Wachter, Jessica A., 2002. "Comment on: Are behavioral asset-pricing models structural?," Journal of Monetary Economics, Elsevier, vol. 49(1), pages 229-233, January.
  11. Wachter, Jessica A., 2002. "Portfolio and Consumption Decisions under Mean-Reverting Returns: An Exact Solution for Complete Markets," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 37(1), pages 63-91, March.
  12. Loretta J. Mester, 2002. "The Philadelphia Fed Policy Forum: summary of the 2001 Policy Forum and announcement of the 2002 Policy Forum," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 6-15.
  13. Loretta J. Mester, 2002. "Is the personal bankruptcy system bankrupt?," Business Review, Federal Reserve Bank of Philadelphia, issue Q1, pages 31-44.
  14. Geczy, Christopher C. & Musto, David K. & Reed, Adam V., 2002. "Stocks are special too: an analysis of the equity lending market," Journal of Financial Economics, Elsevier, vol. 66(2-3), pages 241-269.
  15. Alon Brav & George M. Constantinides & Christopher C. Geczy, 2002. "Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence," Journal of Political Economy, University of Chicago Press, vol. 110(4), pages 793-824, August.

2001

  1. Andrew B. Abel, 2001. "The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks," American Economic Review, American Economic Association, vol. 91(1), pages 128-148, March.
  2. Andrew B. Abel, 2001. "Will Bequests Attenuate The Predicted Meltdown In Stock Prices When Baby Boomers Retire?," The Review of Economics and Statistics, MIT Press, vol. 83(4), pages 589-595, November.
  3. Alvarez, Fernando & Jermann, Urban J, 2001. "Quantitative Asset Pricing Implications of Endogenous Solvency Constraints," Review of Financial Studies, Society for Financial Studies, vol. 14(4), pages 1117-1151.
  4. Joao F. Gomes, 2001. "Financing Investment," American Economic Review, American Economic Association, vol. 91(5), pages 1263-1285, December.
  5. Gomes, Joao & Greenwood, Jeremy & Rebelo, Sergio, 2001. "Equilibrium unemployment," Journal of Monetary Economics, Elsevier, vol. 48(1), pages 109-152, August.
  6. Ľluboš Pástor & Robert F. Stambaugh, 2001. "The Equity Premium and Structural Breaks," Journal of Finance, American Finance Association, vol. 56(4), pages 1207-1239, August.
  7. Kjetil Storesletten & Chris I. Telmer & Amir Yaron, 2001. "How Important Are Idiosyncratic Shocks? Evidence from Labor Supply," American Economic Review, American Economic Association, vol. 91(2), pages 413-417, May.
  8. Storesletten, Kjetil & Telmer, Chris I. & Yaron, Amir, 2001. "The welfare cost of business cycles revisited: Finite lives and cyclical variation in idiosyncratic risk," European Economic Review, Elsevier, vol. 45(7), pages 1311-1339.
  9. Jessica A. Wachter, 2001. "Discussion," Journal of Finance, American Finance Association, vol. 56(4), pages 1351-1355, August.
  10. Berlin, Mitchell & Mester, Loretta J., 2001. "Lender Liability and Large Investors," Journal of Financial Intermediation, Elsevier, vol. 10(2), pages 108-137, April.
  11. Hughes, Joseph P. & Mester, Loretta J. & Moon, Choon-Geol, 2001. "Are scale economies in banking elusive or illusive?: Evidence obtained by incorporating capital structure and risk-taking into models of bank production," Journal of Banking & Finance, Elsevier, vol. 25(12), pages 2169-2208, December.
  12. Loretta J. Mester, 2001. "Changes in the use of electronic means of payment," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 10-12.
  13. Loretta Mester & Anthony Saunders, 2001. "Introduction: Special Issue on the Banking and Finance Workshop," Journal of Financial Services Research, Springer;Western Finance Association, vol. 19(2), pages 93-97, April.

2000

  1. Lewis, Karen K., 2000. "Why do stocks and consumption imply such different gains from international risk sharing?," Journal of International Economics, Elsevier, vol. 52(1), pages 1-35, October.
  2. Fernando Alvarez & Urban J. Jermann, 2000. "Efficiency, Equilibrium, and Asset Pricing with Risk of Default," Econometrica, Econometric Society, vol. 68(4), pages 775-798, July.
  3. Pastor, Lubos & Stambaugh, Robert F., 2000. "Comparing asset pricing models: an investment perspective," Journal of Financial Economics, Elsevier, vol. 56(3), pages 335-381, June.
  4. Souleles, Nicholas S., 2000. "College tuition and household savings and consumption," Journal of Public Economics, Elsevier, vol. 77(2), pages 185-207, August.
  5. Donald B. Keim & Ananth Madhavan, 2000. "The Relation between Stock Market Movements and NYSE Seat Prices," Journal of Finance, American Finance Association, vol. 55(6), pages 2817-2840, December.
  6. Loretta J. Mester, 2000. "The changing nature of the payments system: should new players mean new rules?," Business Review, Federal Reserve Bank of Philadelphia, issue Mar, pages 3-26.
  7. Joseph Hughes & William Lang & Loretta Mester & Choon-Geol Moon, 2000. "Recovering Risky Technologies Using the Almost Ideal Demand System: An Application to U.S. Banking," Journal of Financial Services Research, Springer;Western Finance Association, vol. 18(1), pages 5-27, October.
  8. Brav, Alon & Geczy, Christopher & Gompers, Paul A., 2000. "Is the abnormal return following equity issuances anomalous?," Journal of Financial Economics, Elsevier, vol. 56(2), pages 209-249, May.

1999

  1. Karen K. Lewis, 1999. "Trying to Explain Home Bias in Equities and Consumption," Journal of Economic Literature, American Economic Association, vol. 37(2), pages 571-608, June.
  2. Abel, Andrew B. & Eberly, Janice C., 1999. "The effects of irreversibility and uncertainty on capital accumulation," Journal of Monetary Economics, Elsevier, vol. 44(3), pages 339-377, December.
  3. Abel, Andrew B., 1999. "Risk premia and term premia in general equilibrium," Journal of Monetary Economics, Elsevier, vol. 43(1), pages 3-33, February.
  4. Urban J. Jermann & Marianne Baxter, 1999. "Household Production and the Excess Sensitivity of Consumption to Current Income," American Economic Review, American Economic Association, vol. 89(4), pages 902-920, September.
  5. Jermann, Urban J., 1999. "Social security and institutions for intergenerational, intragenerational, and international risk-sharing : A comment," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 50(1), pages 205-212, June.
  6. Ľuboš Pástor & Robert F. Stambaugh, 1999. "Costs of Equity Capital and Model Mispricing," Journal of Finance, American Finance Association, vol. 54(1), pages 67-121, February.
  7. Stambaugh, Robert F., 1999. "Predictive regressions," Journal of Financial Economics, Elsevier, vol. 54(3), pages 375-421, December.
  8. Nicholas S. Souleles, 1999. "The Response of Household Consumption to Income Tax Refunds," American Economic Review, American Economic Association, vol. 89(4), pages 947-958, September.
  9. Storesletten, Kjetil & Telmer, Chris I. & Yaron, Amir, 1999. "The risk-sharing implications of alternative social security arrangements," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 50(1), pages 213-259, June.
  10. Keim, Donald B., 1999. "An analysis of mutual fund design: the case of investing in small-cap stocks," Journal of Financial Economics, Elsevier, vol. 51(2), pages 173-194, February.
  11. Berlin, Mitchell & Mester, Loretta J, 1999. "Deposits and Relationship Lending," Review of Financial Studies, Society for Financial Studies, vol. 12(3), pages 579-607.
  12. Hughes, Joseph P. & Lang, William W. & Mester, Loretta J. & Moon, Choon-Geol, 1999. "The dollars and sense of bank consolidation," Journal of Banking & Finance, Elsevier, vol. 23(2-4), pages 291-324, February.
  13. Loretta J. Mester, 1999. "Banking industry's consolidation: what's a small business to do?," Business Review, Federal Reserve Bank of Philadelphia, issue Jan, pages 3-16.

1998

  1. Abel, Andrew B. & Eberly, Janice C., 1998. "The mix and scale of factors with irreversibility and fixed costs of investment," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 48(1), pages 101-135, June.
  2. Baxter, Marianne & Jermann, Urban J. & King, Robert G., 1998. "Synthetic returns on NIPA assets: An international comparison," European Economic Review, Elsevier, vol. 42(6), pages 1141-1172, June.
  3. Baxter, Marianne & Jermann, Urban J. & King, Robert G., 1998. "Nontraded goods, nontraded factors, and international non-diversification," Journal of International Economics, Elsevier, vol. 44(2), pages 211-229, April.
  4. Jermann, Urban J., 1998. "Asset pricing in production economies," Journal of Monetary Economics, Elsevier, vol. 41(2), pages 257-275, April.
  5. Tullio Jappelli & Jörn-Steffen Pischke & Nicholas S. Souleles, 1998. "Testing For Liquidity Constraints In Euler Equations With Complementary Data Sources," The Review of Economics and Statistics, MIT Press, vol. 80(2), pages 251-262, May.
  6. Berlin, Mitchell & Mester, Loretta J., 1998. "On the profitability and cost of relationship lending," Journal of Banking & Finance, Elsevier, vol. 22(6-8), pages 873-897, August.
  7. Berlin, Mitchell & Mester, Loretta J, 1998. "Intermediation and Vertical Integration," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 30(3), pages 500-519, August.
  8. Joseph P. Hughes & Loretta J. Mester, 1998. "Bank Capitalization And Cost: Evidence Of Scale Economies In Risk Management And Signaling," The Review of Economics and Statistics, MIT Press, vol. 80(2), pages 314-325, May.

1997

  1. Lewis, Karen K., 1997. "Are countries with official international restrictions 'liquidity constrained'?," European Economic Review, Elsevier, vol. 41(6), pages 1079-1109, June.
  2. Abel, Andrew B. & Eberly, Janice C., 1997. "An exact solution for the investment and value of a firm facing uncertainty, adjustment costs, and irreversibility," Journal of Economic Dynamics and Control, Elsevier, vol. 21(4-5), pages 831-852, May.
  3. Baxter, Marianne & Jermann, Urban J, 1997. "The International Diversification Puzzle Is Worse Than You Think," American Economic Review, American Economic Association, vol. 87(1), pages 170-180, March.
  4. Stambaugh, Robert F., 1997. "Analyzing investments whose histories differ in length," Journal of Financial Economics, Elsevier, vol. 45(3), pages 285-331, September.
  5. Keim, Donald B. & Madhavan, Ananth, 1997. "Transactions costs and investment style: an inter-exchange analysis of institutional equity trades," Journal of Financial Economics, Elsevier, vol. 46(3), pages 265-292, December.
  6. Berger, Allen N. & Mester, Loretta J., 1997. "Inside the black box: What explains differences in the efficiencies of financial institutions?," Journal of Banking & Finance, Elsevier, vol. 21(7), pages 895-947, July.
  7. Loretta J. Mester, 1997. "What's the point of credit scoring?," Business Review, Federal Reserve Bank of Philadelphia, issue Sep, pages 3-16.
  8. Mester, Loretta J., 1997. "Measuring efficiency at U.S. banks: Accounting for heterogeneity is important," European Journal of Operational Research, Elsevier, vol. 98(2), pages 230-242, April.
  9. Geczy, Christopher & Minton, Bernadette A & Schrand, Catherine, 1997. "Why Firms Use Currency Derivatives," Journal of Finance, American Finance Association, vol. 52(4), pages 1323-1354, September.

1996

  1. Lewis, Karen K, 1996. "What Can Explain the Apparent Lack of International Consumption Risk Sharing?," Journal of Political Economy, University of Chicago Press, vol. 104(2), pages 267-297, April.
  2. Lewis, Karen K, 1996. "Stochastic Regime Switching and Stabilizing Policies within Regimes," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 1(2), pages 71-85, April.
  3. Kaminsky, Graciela L. & Lewis, Karen K., 1996. "Does foreign exchange intervention signal future monetary policy?," Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 285-312, April.
  4. Kandel, Shmuel & Stambaugh, Robert F, 1996. "On the Predictability of Stock Returns: An Asset-Allocation Perspective," Journal of Finance, American Finance Association, vol. 51(2), pages 385-424, June.
  5. Hansen, Lars Peter & Heaton, John & Yaron, Amir, 1996. "Finite-Sample Properties of Some Alternative GMM Estimators," Journal of Business & Economic Statistics, American Statistical Association, vol. 14(3), pages 262-280, July.
  6. Keim, Donald B & Madhaven, Ananth, 1996. "The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects," Review of Financial Studies, Society for Financial Studies, vol. 9(1), pages 1-36.
  7. Mester, Loretta J., 1996. "A study of bank efficiency taking into account risk-preferences," Journal of Banking & Finance, Elsevier, vol. 20(6), pages 1025-1045, July.
  8. Loretta J. Mester, 1996. "Repealing Glass-Steagall: the past points the way to the future," Business Review, Federal Reserve Bank of Philadelphia, issue Jul, pages 3-18.
  9. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 1996. "Efficient banking under interstate branching," Proceedings, Board of Governors of the Federal Reserve System (U.S.), pages 1045-1075.

1995

  1. Lewis, Karen K, 1995. "Occasional Interventions to Target Rates," American Economic Review, American Economic Association, vol. 85(4), pages 691-715, September.
  2. Lewis, Karen K, 1995. "Are Foreign Exchange Intervention and Monetary Policy Related, and Does It Really Matter?," The Journal of Business, University of Chicago Press, vol. 68(2), pages 185-214, April.
  3. Evans, Martin D D & Lewis, Karen K, 1995. "Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia?," Review of Financial Studies, Society for Financial Studies, vol. 8(3), pages 709-742.
  4. Evans, Martin D D & Lewis, Karen K, 1995. "Do Expected Shifts in Inflation Affect Estimates of the Long-Run Fisher Relation?," Journal of Finance, American Finance Association, vol. 50(1), pages 225-253, March.
  5. Kandel, Shmuel & Stambaugh, Robert F, 1995. "Portfolio Inefficiency and the Cross-Section of Expected Returns," Journal of Finance, American Finance Association, vol. 50(1), pages 157-184, March.
  6. Kandel, Shmuel & McCulloch, Robert & Stambaugh, Robert F, 1995. "Bayesian Inference and Portfolio Efficiency," Review of Financial Studies, Society for Financial Studies, vol. 8(1), pages 1-53.
  7. Keim, Donald B. & Madhavan, Ananth, 1995. "Anatomy of the trading process Empirical evidence on the behavior of institutional traders," Journal of Financial Economics, Elsevier, vol. 37(3), pages 371-398, March.
  8. Calem, Paul S & Mester, Loretta J, 1995. "Consumer Behavior and the Stickiness of Credit-Card Interest Rates," American Economic Review, American Economic Association, vol. 85(5), pages 1327-1336, December.
  9. Mester, Loretta J. & Saunders, Anthony, 1995. "When does the prime rate change?," Journal of Banking & Finance, Elsevier, vol. 19(5), pages 743-764, August.
  10. Loretta J. Mester, 1995. "There's more than one way to sell a security: the Treasury's auction experiment," Business Review, Federal Reserve Bank of Philadelphia, issue Jul, pages 3-17.

1994

  1. Evans, Martin D. D. & Lewis, Karen K., 1994. "Do stationary risk premia explain it all?: Evidence from the term structure," Journal of Monetary Economics, Elsevier, vol. 33(2), pages 285-318, April.
  2. Abel, Andrew B, 1994. "Exact Solutions for Expected Rates of Return under Markov Regime Switching: Implications for the Equity Premium Puzzle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(3), pages 345-361, August.
  3. Abel, Andrew B & Eberly, Janice C, 1994. "A Unified Model of Investment under Uncertainty," American Economic Review, American Economic Association, vol. 84(5), pages 1369-1384, December.
  4. Abel Andrew B. & Mailath George J., 1994. "Financing Losers in Competitive Markets," Journal of Financial Intermediation, Elsevier, vol. 3(2), pages 139-165, March.
  5. Kandel, Shmuel & Stambaugh, Robert F, 1994. "A Mean-Variance Framework for Tests of Asset Pricing Models: Correction," Review of Financial Studies, Society for Financial Studies, vol. 7(4), pages 803-804.
  6. Mester, Loretta J, 1994. "Why Are Credit Card Rates Sticky?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(4), pages 505-530, May.
  7. Mester, Loretta J, 1994. "Borrower and Neighborhood Racial and Income Characteristics and Financial Institution Mortgage Application Screening: Comments," The Journal of Real Estate Finance and Economics, Springer, vol. 9(3), pages 241-243, November.
  8. Mester, Loretta J, 1994. "Further Evidence Concerning Expense Preference and the Fed," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(1), pages 125-145, February.
  9. Loretta J. Mester, 1994. "How efficient are Third District banks?," Business Review, Federal Reserve Bank of Philadelphia, issue Jan, pages 3-18.
  10. Mailath George J. & Mester Loretta J., 1994. "A Positive Analysis of Bank Closure," Journal of Financial Intermediation, Elsevier, vol. 3(3), pages 272-299, June.

1993

  1. Klein, Michael W. & Lewis, Karen K., 1993. "Learning about intervention target zones," Journal of International Economics, Elsevier, vol. 35(3-4), pages 275-295, November.
  2. Evans, Martin D. D. & Lewis, Karen K., 1993. "Trends in excess returns in currency and bond markets," European Economic Review, Elsevier, vol. 37(5), pages 1005-1019, June.
  3. Ferson, Wayne E & Foerster, Stephen R & Keim, Donald B, 1993. "General Tests of Latent Variable Models and Mean-Variance Spanning," Journal of Finance, American Finance Association, vol. 48(1), pages 131-156, March.
  4. Mester, Loretta J., 1993. "Efficiency in the savings and loan industry," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 267-286, April.
  5. Mester, Loretta J., 1993. "Discussants' comments on Berg . and McAllister and McManus," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 407-410, April.

1992

  1. Andrew B. Abel, 1992. "Can the government roll over its debt forever?," Business Review, Federal Reserve Bank of Philadelphia, issue Nov, pages 3-18.
  2. Joseph Gyourko & Donald B. Keim, 1992. "What Does the Stock Market Tell Us About Real Estate Returns?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 20(3), pages 457-485, September.
  3. Mester, Loretta J., 1992. "Traditional and nontraditional banking: An information-theoretic approach," Journal of Banking & Finance, Elsevier, vol. 16(3), pages 545-566, June.
  4. Loretta J. Mester, 1992. "Perpetual Signalling with Imperfectly Correlated Costs," RAND Journal of Economics, The RAND Corporation, vol. 23(4), pages 548-563, Winter.
  5. Loretta J. Mester, 1992. "Banking and commerce: a dangerous liaison?," Business Review, Federal Reserve Bank of Philadelphia, issue May, pages 17-29.
  6. Berlin, Mitchell & Mester, Loretta J., 1992. "Debt covenants and renegotiation," Journal of Financial Intermediation, Elsevier, vol. 2(2), pages 95-133, June.

1991

  1. Lewis, Karen K, 1991. "Why Doesn't Society Minimize Central Bank Secrecy?," Economic Inquiry, Western Economic Association International, vol. 29(3), pages 403-415, July.
  2. Lewis, Karen K, 1991. "Was There a "Peso Problem" in the U.S. Term Structure of Interest Rates: 1979-1982?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 32(1), pages 159-173, February.
  3. Lewis, Karen K., 1991. "Should the holding period matter for the intertemporal consumption-based CAPM?," Journal of Monetary Economics, Elsevier, vol. 28(3), pages 365-389, December.
  4. Lewis, Karen K., 1991. "An empirical exploration of exchange-rate target-zones a comment," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 35(1), pages 67-77, January.
  5. Abel, Andrew B & Bernheim, B Douglas, 1991. "Fiscal Policy with Impure Intergenerational Altruism," Econometrica, Econometric Society, vol. 59(6), pages 1687-1711, November.
  6. Andrew B. Abel, 1991. "The equity premium puzzle," Business Review, Federal Reserve Bank of Philadelphia, issue Sep, pages 3-14.
  7. Abel, Andrew B., 1991. "Some observations on demographics and saving : A comment," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 34(1), pages 157-162, January.
  8. Kandel, Shmuel & Stambaugh, Robert F., 1991. "Asset returns and intertemporal preferences," Journal of Monetary Economics, Elsevier, vol. 27(1), pages 39-71, February.
  9. Blume, Marshall E & Keim, Donald B & Patel, Sandeep A, 1991. "Returns and Volatility of Low-Grade Bonds: 1977-1989," Journal of Finance, American Finance Association, vol. 46(1), pages 49-74, March.
  10. Mester, Loretta J., 1991. "Agency costs among savings and loans," Journal of Financial Intermediation, Elsevier, vol. 1(3), pages 257-278, June.

1990

  1. Lewis, Karen K, 1990. "The Behavior of Eurocurrency Returns across Different Holding Periods and Monetary Regimes," Journal of Finance, American Finance Association, vol. 45(4), pages 1211-1236, September.
  2. Abel, Andrew B, 1990. "Asset Prices under Habit Formation and Catching Up with the Joneses," American Economic Review, American Economic Association, vol. 80(2), pages 38-42, May.
  3. Kandel, Shmuel & Stambaugh, Robert F, 1990. "Expectations and Volatility of Consumption and Asset Returns," Review of Financial Studies, Society for Financial Studies, vol. 3(2), pages 207-232.
  4. Chen, Nai-Fu & Grundy, Bruce & Stambaugh, Robert F, 1990. "Changing Risk, Changing Risk Premiums, and Dividend Yield Effects," The Journal of Business, University of Chicago Press, vol. 63(1), pages 51-70, January.
  5. Loretta J. Mester, 1990. "Curing our ailing deposit-insurance system," Business Review, Federal Reserve Bank of Philadelphia, issue Sep, pages 13-24.

1989

  1. Lewis, Karen K., 1989. "On occasional monetary policy coordinations that fix the exchange rate," Journal of International Economics, Elsevier, vol. 26(1-2), pages 139-155, February.
  2. Lewis, Karen K., 1989. "Can learning affect exchange-rate behavior? : The case of the dollar in the early 1980's," Journal of Monetary Economics, Elsevier, vol. 23(1), pages 79-100, January.
  3. Lewis, Karen K, 1989. "Changing Beliefs and Systematic Rational Forecast Errors with Evidence from Foreign Exchange," American Economic Review, American Economic Association, vol. 79(4), pages 621-636, September.
  4. Abel, Andrew B., 1989. "Birth, death and taxes," Journal of Public Economics, Elsevier, vol. 39(1), pages 1-15, June.
  5. Kandel, Shmuel & Stambaugh, Robert F, 1989. "A Mean-Variance Framework for Tests of Asset Pricing Models," Review of Financial Studies, Society for Financial Studies, vol. 2(2), pages 125-156.
  6. Keim, Donald B., 1989. "Trading patterns, bid-ask spreads, and estimated security returns : The case of common stocks at calendar turning points," Journal of Financial Economics, Elsevier, vol. 25(1), pages 75-97, November.
  7. Loretta J. Mester, 1989. "Testing for Expense Preference Behavior: Mutual versus Stock Savings and Loans," RAND Journal of Economics, The RAND Corporation, vol. 20(4), pages 483-498, Winter.
  8. Loretta J. Mester, 1989. "Owners versus managers: who controls the bank?," Business Review, Federal Reserve Bank of Philadelphia, issue May, pages 13-23.
  9. Mester, Loretta J., 1989. "Viability in multiproduct industries," Economics Letters, Elsevier, vol. 31(3), pages 273-276, December.

1988

  1. Lewis, Karen K., 1988. "Inflation risk and asset market disturbances: The mean-variance model revisited," Journal of International Money and Finance, Elsevier, vol. 7(3), pages 273-288, September.
  2. Lewis, Karen K., 1988. "The persistence of the `peso problem' when policy is noisy," Journal of International Money and Finance, Elsevier, vol. 7(1), pages 5-21, March.
  3. Lewis, Karen K., 1988. "Testing the portfolio balance model: A multi-lateral approach," Journal of International Economics, Elsevier, vol. 24(1-2), pages 109-127, February.
  4. Abel, Andrew B & Warshawsky, Mark, 1988. "Specification of the Joy of Giving: Insights from Altruism," The Review of Economics and Statistics, MIT Press, vol. 70(1), pages 145-149, February.
  5. Abel, Andrew B., 1988. "Stock prices under time-varying dividend risk : An exact solution in an infinite-horizon general equilibrium model," Journal of Monetary Economics, Elsevier, vol. 22(3), pages 375-393.
  6. Stambaugh, Robert F., 1988. "The information in forward rates : Implications for models of the term structure," Journal of Financial Economics, Elsevier, vol. 21(1), pages 41-70, May.
  7. Stambaugh, Robert F, 1988. "Stable Factors in Security Returns: Identification Using Cross-Validation: Comment," Journal of Business & Economic Statistics, American Statistical Association, vol. 6(1), pages 20-21, January.
  8. Loretta J. Mester, 1988. "Going, going, gone: setting prices with auctions," Business Review, Federal Reserve Bank of Philadelphia, issue Mar, pages 3-13.

1987

  1. Abel, Andrew B, 1987. "Operative Gift and Bequest Motives," American Economic Review, American Economic Association, vol. 77(5), pages 1037-1047, December.
  2. Abel, Andrew B., 1987. "Optimal monetary growth," Journal of Monetary Economics, Elsevier, vol. 19(3), pages 437-450, May.
  3. Kandel, Shmuel & Stambaugh, Robert F., 1987. "On correlations and inferences about mean-variance efficiency," Journal of Financial Economics, Elsevier, vol. 18(1), pages 61-90, March.
  4. Huberman, Gur & Kandel, Shmuel & Stambaugh, Robert F, 1987. "Mimicking Portfolios and Exact Arbitrage Pricing," Journal of Finance, American Finance Association, vol. 42(1), pages 1-9, March.
  5. French, Kenneth R. & Schwert, G. William & Stambaugh, Robert F., 1987. "Expected stock returns and volatility," Journal of Financial Economics, Elsevier, vol. 19(1), pages 3-29, September.
  6. Ferson, Wayne E & Kandel, Shmuel & Stambaugh, Robert F, 1987. "Tests of Asset Pricing with Time-Varying Expected Risk Premiums and Market Betas," Journal of Finance, American Finance Association, vol. 42(2), pages 201-220, June.
  7. Mester, Loretta J, 1987. "Multiple Market Contact between Savings and Loans: A Note," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 19(4), pages 538-549, November.
  8. Loretta J. Mester, 1987. "Efficient production of financial services: scale and scope economies," Business Review, Federal Reserve Bank of Philadelphia, issue Jan, pages 15-25.
  9. Mester, Loretta J, 1987. "A Multiproduct Cost Study of Savings and Loans," Journal of Finance, American Finance Association, vol. 42(2), pages 423-445, June.

1986

  1. Abel, Andrew B & Blanchard, Olivier J, 1986. "The Present Value of Profits and Cyclical Movements in Investment," Econometrica, Econometric Society, vol. 54(2), pages 249-273, March.
  2. Abel, Andrew B, 1986. "Capital Accumulation and Uncertain Lifetimes with Adverse Selection," Econometrica, Econometric Society, vol. 54(5), pages 1079-1097, September.
  3. Abel, Andrew B, 1986. "The Effect of Annuity Insurance and Savings and Inequality: Comment," Journal of Labor Economics, University of Chicago Press, vol. 4(3), pages 208-215, July.
  4. Abel, Andrew B., 1986. "The failure of Ricardian equivalence under progressive wealth taxation," Journal of Public Economics, Elsevier, vol. 30(1), pages 117-128, June.
  5. Stambaugh, Robert F, 1986. "Does the Stock Market Rationally Reflect Fundamental Values? Discussion," Journal of Finance, American Finance Association, vol. 41(3), pages 601-602, July.
  6. Keim, Donald B. & Stambaugh, Robert F., 1986. "Predicting returns in the stock and bond markets," Journal of Financial Economics, Elsevier, vol. 17(2), pages 357-390, December.

1985

  1. Abel, Andrew B, 1985. "A Stochastic Model of Investment, Marginal q and the Market Value of the Firm," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(2), pages 305-322, June.
  2. Abel, Andrew B, 1985. "Precautionary Saving and Accidental Bequests," American Economic Review, American Economic Association, vol. 75(4), pages 777-791, September.
  3. Abel, Andrew B., 1985. "Dynamic behavior of capital accumulation in a cash-in-advance model," Journal of Monetary Economics, Elsevier, vol. 16(1), pages 55-71, July.
  4. Keim, Donald B., 1985. "Dividend yields and stock returns: Implications of abnormal January returns," Journal of Financial Economics, Elsevier, vol. 14(3), pages 473-489, September.

1984

  1. Abel, Andrew B., 1984. "The effects of uncertainty on investment and the expected long-run capital stock," Journal of Economic Dynamics and Control, Elsevier, vol. 7(1), pages 39-53, February.
  2. Keim, Donald B & Stambaugh, Robert F, 1984. "A Further Investigation of the Weekend Effect in Stock Returns," Journal of Finance, American Finance Association, vol. 39(3), pages 819-835, July.

1983

  1. Abel, Andrew B & Blanchard, Olivier J, 1983. "An Intertemporal Model of Saving and Investment," Econometrica, Econometric Society, vol. 51(3), pages 675-692, May.
  2. Abel, Andrew B, 1983. "Energy Price Uncertainty and Optimal Factor Intensity: A Mean-Variance Analysis," Econometrica, Econometric Society, vol. 51(6), pages 1839-1845, November.
  3. Abel, Andrew B, 1983. "Optimal Investment under Uncertainty," American Economic Review, American Economic Association, vol. 73(1), pages 228-233, March.
  4. Abel, Andrew B & Mishkin, Frederic S, 1983. "On the Econometric Testing of Rationality-Market Efficiency," The Review of Economics and Statistics, MIT Press, vol. 65(2), pages 318-323, May.
  5. Abel, Andrew B. & Mishkin, Frederic S., 1983. "An integrated view of tests of rationality, market efficiency and the short-run neutrality of monetary policy," Journal of Monetary Economics, Elsevier, vol. 11(1), pages 3-24.
  6. Stambaugh, Robert F., 1983. "Testing the CAPM with broader market indexes : A problem of mean-deficiency," Journal of Banking & Finance, Elsevier, vol. 7(1), pages 5-16, March.
  7. Blume, Marshall E. & Stambaugh, Robert F., 1983. "Biases in computed returns : An application to the size effect," Journal of Financial Economics, Elsevier, vol. 12(3), pages 387-404, November.
  8. Stambaugh, Robert F., 1983. "Arbitrage pricing with information," Journal of Financial Economics, Elsevier, vol. 12(3), pages 357-369, November.
  9. Keim, Donald B., 1983. "Size-related anomalies and stock return seasonality : Further empirical evidence," Journal of Financial Economics, Elsevier, vol. 12(1), pages 13-32, June.
  10. Brown, Philip & Keim, Donald B. & Kleidon, Allan W. & Marsh, Terry A., 1983. "Stock return seasonalities and the tax-loss selling hypothesis : Analysis of the arguments and Australian evidence," Journal of Financial Economics, Elsevier, vol. 12(1), pages 105-127, June.

1982

  1. Abel, Andrew B., 1982. "Dynamic effects of permanent and temporary tax policies in a q model of investment," Journal of Monetary Economics, Elsevier, vol. 9(3), pages 353-373.
  2. Abel, Andrew B., 1982. "Accelerated depreciation and the efficacy of temporary fiscal policy : Implications for an inflationary economy," Journal of Public Economics, Elsevier, vol. 19(1), pages 23-47, October.
  3. Stambaugh, Robert F., 1982. "On the exclusion of assets from tests of the two-parameter model : A sensitivity analysis," Journal of Financial Economics, Elsevier, vol. 10(3), pages 237-268, November.

1981

  1. Abel, Andrew B, 1981. "Taxes, Inflation, and the Durability of Capital," Journal of Political Economy, University of Chicago Press, vol. 89(3), pages 548-560, June.
  2. Abel, Andrew B, 1981. "Dynamic Adjustment in a Putty-Putty Model: Implications for Testing the Putty-Clay Hypothesis," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 22(1), pages 19-36, February.

1980

  1. Abel, Andrew B., 1980. "Empirical investment equations : An integrative framework," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 12(1), pages 39-91, January.
  2. Abel, Andrew B., 1980. "Reply to Prescott's comment," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 12(1), pages 103-106, January.

1979

  1. Abel, Andrew & Dornbusch, Rudiger & Huizinga, John & Marcus, Alan, 1979. "Money demand during hyperinflation," Journal of Monetary Economics, Elsevier, vol. 5(1), pages 97-104, January.

1978

  1. Abel, Andrew B. & Beleza, Luis Miguel C. P., 1978. "Input-output pricing in a Keynesian model as applied to Portugal," Journal of Development Economics, Elsevier, vol. 5(2), pages 125-138, June.

1977

  1. Thell, Henri & Stambaugh, Robert, 1977. "Inequaltty and social status in successive generations," European Economic Review, Elsevier, vol. 10(2), pages 125-139.

Books

2020

  1. Edmans,Alex, 2020. "Grow the Pie," Cambridge Books, Cambridge University Press, number 9781108494854.

2008

  1. Landier, Augustin & Nair, Vinay B., 2008. "Investing for Change: Profit from Responsible Investment," OUP Catalogue, Oxford University Press, number 9780195370140.

Chapters

2020

  1. Jessica A. Wachter, 2020. "Comment on "Imperfect Expectations: Theory and Evidence"," NBER Chapters, in: NBER Macroeconomics Annual 2020, volume 35, pages 87-98, National Bureau of Economic Research, Inc.

2017

  1. Martin D. D. Evans & Karen K. Lewis, 2017. "Trends in Excess Returns in Currency and Bond Markets," World Scientific Book Chapters, in: Studies in Foreign Exchange Economics, chapter 2, pages 39-57, World Scientific Publishing Co. Pte. Ltd..
  2. Martin D. D. Evans & Karen K. Lewis, 2017. "Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia?," World Scientific Book Chapters, in: Studies in Foreign Exchange Economics, chapter 3, pages 59-99, World Scientific Publishing Co. Pte. Ltd..
  3. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2017. "Measuring agency costs and the value of investment opportunities of US bank holding companies with stochastic frontier estimation," Chapters, in: Jacob A. Bikker & Laura Spierdijk (ed.), Handbook of Competition in Banking and Finance, chapter 11, pages 205-229, Edward Elgar Publishing.

2016

  1. Karen K. Lewis & Edith X. Liu, 2016. "Disaster Risk and Asset Returns: An International Perspective," NBER Chapters, in: NBER International Seminar on Macroeconomics 2016, National Bureau of Economic Research, Inc.
  2. Vincent Glode & Burton Hollifield & Marcin Kacperczyk & Shimon Kogan, 2016. "Is Investor Rationality Time Varying? Evidence from the Mutual Fund Industry," World Scientific Book Chapters, in: Itzhak Venezia (ed.), Behavioral Finance WHERE DO INVESTORS' BIASES COME FROM?, chapter 3, pages 67-113, World Scientific Publishing Co. Pte. Ltd..
  3. Joseph P. Hughes & Loretta J. Mester, 2016. "The Future of Large, Internationally Active Banks: Does Scale Define the Winners?," World Scientific Book Chapters, in: Asli Demirgüç-Kunt & Douglas D Evanoff & George G Kaufman (ed.), The Future of Large, Internationally Active Banks, chapter 6, pages 77-96, World Scientific Publishing Co. Pte. Ltd..

2014

  1. Jonathan A. Parker & Nicholas S. Souleles & Christopher D. Carroll, 2014. "The Benefits of Panel Data in Consumer Expenditure Surveys," NBER Chapters, in: Improving the Measurement of Consumer Expenditures, pages 75-99, National Bureau of Economic Research, Inc.

2013

  1. John R. Graham & Mark T. Leary & Michael R. Roberts, 2013. "A Century of Capital Structure: The Leveraging of Corporate America," NBER Chapters, in: New Perspectives on Corporate Capital Structure, National Bureau of Economic Research, Inc.

2011

  1. Yiwei Fang & Iftekhar Hasan & Loretta J. Mester, 2011. "Institutional Structure and Effectiveness of Central Banks during the Financial Crisis: An Empirical Analysis," Chapters, in: Sylvester Eijffinger & Donato Masciandaro (ed.), Handbook of Central Banking, Financial Regulation and Supervision, chapter 7, Edward Elgar Publishing.

2010

  1. Loretta J. Mester, 2010. "Comment on "A New Metric for Banking Integration in Europe"," NBER Chapters, in: Europe and the Euro, pages 246-253, National Bureau of Economic Research, Inc.

2007

  1. Gary B. Gorton & Nicholas S. Souleles, 2007. "Special Purpose Vehicles and Securitization," NBER Chapters, in: The Risks of Financial Institutions, pages 549-597, National Bureau of Economic Research, Inc.
  2. Hansen, Lars Peter & Heaton, John & Lee, Junghoon & Roussanov, Nikolai, 2007. "Intertemporal Substitution and Risk Aversion," Handbook of Econometrics, in: J.J. Heckman & E.E. Leamer (ed.), Handbook of Econometrics, edition 1, volume 6, chapter 61, Elsevier.

2001

  1. Andrew B. Abel, 2001. "The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation," NBER Chapters, in: Risk Aspects of Investment-Based Social Security Reform, pages 153-202, National Bureau of Economic Research, Inc.

1998

  1. Michael D. Hurd & Daniel McFadden & Harish Chand & Li Gan & Angela Menill & Michael Roberts, 1998. "Consumption and Savings Balances of the Elderly: Experimental Evidence on Survey Response Bias," NBER Chapters, in: Frontiers in the Economics of Aging, pages 353-392, National Bureau of Economic Research, Inc.

1995

  1. Lewis, Karen K., 1995. "Puzzles in international financial markets," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 37, pages 1913-1971, Elsevier.

1990

  1. Abel, Andrew B., 1990. "Consumption and investment," Handbook of Monetary Economics, in: B. M. Friedman & F. H. Hahn (ed.), Handbook of Monetary Economics, edition 1, volume 2, chapter 14, pages 725-778, Elsevier.

1984

  1. Andrew B. Abel, 1984. "R&D and the Market Value of the Firm: A Note," NBER Chapters, in: R&D, Patents, and Productivity, pages 261-270, National Bureau of Economic Research, Inc.

1975

  1. Andrew B. Abel, 1975. "A Comparison of Three Control Algorithms as Applied to the Monetarist-Fiscalist Debate," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 4, number 2, pages 239-252, National Bureau of Economic Research, Inc.

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