WORKING PAPERS - 1990
Click on the links listed below to see the abstract. Click here for a complete list of abstracts for this year. Click on the  icon beside the title in order to download the full paper in Adobe Acrobat. (If you do not have the Adobe Reader you can get a free copy from Adobe's World Wide Web Site at http://www.adobe.com/acrobat/readstep.html).
#01-90
Asset Prices Under Habit Formation and Catching Up With the Jones
Andrew B. Abel
[abstract]
#02-90
Financing Losers in Competitive Markets
Andrew Abel and George J. Mailath
[abstract]
#03-90
Self-Generating Trade and Rational Fads: The Response of Price to New Information
James Dow and Gary Gorton
[abstract]
#04-90
Equity Risk Premia and Corporate Profit Forecasts Around the Stock Crash of October 1987
Jeremy J. Siegel
[abstract]
#05-90
The Risk and Return Characteristics of Stock Market-Based Real Estate Indexes and Their Relation to Appraisal-Based Returns
Joseph Gyourko and Donald B. Keim
[abstract]
#06-90
The Sustainability of Budget Deficits in a Stochastic Economy (Revised: 17-91)
Henning Bohn
[abstract]
#07-90
Asset Returns, Investment Horizons, and Intertemporal Preferences (Reprint 009)
Shmuel Kandel and Robert F. Stambaugh
[abstract]
#08-90
Time Consistency of Monetary Policy in the Open Economy (Revision of 33-88) (Reprint 010)
Henning Bohn
[abstract]
#09-90
Endogenous Government Spending and Ricardian Equivalence (Revision of 13-88)
Henning Bohn
[abstract]
#10-90
Fiscal Policy with Impure Intergenerational Altruism (Reprint 011)
Andrew B. Abel and B. Douglas Bernheim
[abstract]
#11-90
The Origins of Banking Panics: Models, Facts, and Bank Regulation
Charles W. Calomiris and Gary Gorton
[abstract]
#12-90
Security Prices and Market Transparency (Revised: 1-92)
Ananth Madhavan
[abstract]
#13-90
Stock Price Manipulation (Reprint 025)
Franklin Allen and Douglas Gale
[abstract]
#14-90
The Real Exchange in the Short, Medium and Long Run
Jack D. Glen
[abstract]
#15-90
Intertemporal Price Discovery by Market Makers: Active versus Passive Learning
Chris J. Leach and Ananth N. Madhavan
[abstract]
#16-90
Trading Mechanisms in Securities Markets
Ananth N. Madhavan
[abstract]
#17-90
The Sustainability of Budget Deficits with Lump-Sum and with Income-Based Taxation
Henning Bohn
[abstract]
#18-90
Evaluating the Performance of Foreign Exchange Hedges
Jack D. Glen
[abstract]
#19-90
The Enforceability of Private Money Contracts, Market Efficiency, and Technological Change
Gary Gorton
[abstract]
#20-90
Monetary Contracting between Central Banks and the Design of Sustainable Exchange-Rate Zones (Reprint 035)
Francisco Delgado and Bernard Dumas
[abstract]
#21-90
How Rational is the Market? Testing Alternative Hypotheses on Financial Market Equilibrium
Larry H.P. Lang and Robert H. Litzenberger and Vicente Madrigal
[abstract]
#22-90
The Informational Role of Upstairs and Downstairs Trading
Sanford J. Grossman
[abstract]
#23-90
The Consumption of Stockholders and Non-Stockholders (Reprint 015)
Gregory N. Mankiw and Stephen P. Zeldes
[abstract]
#24-90
Returns and Volatility of Low-Grade Bonds 1977-1989 (Reprint 005)
Marshall E. Blume, Donald B. Keim and Sandeep A. Patel
[abstract]
#25-90
Some Issues Associated with Business Debt
L.R. Klein, N.B. Gultekin, M.N. Gultekin and Q. Mohiuddin
[abstract]
#26-90
Measurement Distortion and Missing Contingencies in Optimal Contracts (Reprint 018)
Franklin Allen and Douglas Gale
[abstract]
#27-90
Banks and Loan Sales: Marketing Non-Marketable Assets (Reprint 051)
Gary Gorton and George Pennacchi
[abstract]
#28-90
The Crash of '87: Was it Expected? The Evidence from Options Markets
David S. Bates
[abstract] |
