Journal of Finance

最新文章

• Merging Markets AI翻译
  作者：Arnold Tom; Hersch, Philip; Mulherin, J. Harold; Netter, Jeffry
  作者单位：University System of Georgia; University of Georgia
• Why Is the Banking Sector Shrinking? Core Deposits and Relationship Lending AI翻译
  作者：Berlin, Mitchell; Mester, Loretta J.
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Philadelphia
• An Efficient Generalized Method of Moments Estimation of Continuous-Time Asset Dynamics: Implications for the Term Structure of Interest Rates AI翻译
  作者：Eom, Young Ho
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York
• Re-emerging Markets AI翻译
  作者：Goetzmann, William; Jorion, Philippe
  作者单位：University of California System; University of California Irvine
• The Paradox of Liquidity AI翻译
  作者：Myers, Stewart C.; Rajan, Raghuram G.
  作者单位：University of Chicago
• Stock return predictability and the role of monetary policy AI翻译
  作者：Patelis, AD
  摘要：This article examines whether shifts in the stance of monetary policy can account for the observed predictability in excess stock returns. Using long-horizon regressions and short-horizon vector autoregressions, the article concludes that monetary policy variables are significant predictors of future returns, although they cannot fully account for observed stack return predictability. I undertake variance decompositions to investigate how monetary policy affects the individual components of ex...
• The cyclical behavior of interest rates AI翻译
  作者：Roma, A; Torous, W
  作者单位：University of California System; University of California Los Angeles
  摘要：This article investigates the behavior of the term structure of interest rates over the business cycle. In contrast to prior studies that measure the business cycle by the simple growth in aggregate economic activity, we consider the deviation of aggregate economic activity from its potentially stochastic trend. We show that incorporating both an independent trend and cyclical component in consumption improves the efficiency in estimating consumption-based asset pricing models. We also find th...
• Quotes, Order Flow, and Price Discovery AI翻译
  作者：Blume, Marshall E.; Goldstein, Michael A.
  作者单位：University of Pennsylvania
• Measuring Mutual Fund Performance with Characteristic Based Benchmarks AI翻译
  作者：Daniel, Kent; Grinblatt, Mark; Titman, Sheridan; Wermers, Russ
  作者单位：Northwestern University
• An Experiment on Risk Taking and Evaluation Periods AI翻译
  作者：Gneezy, Uri; Potters, Jan
  作者单位：Tilburg University