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Was expansionary monetary policy feasible during the great contraction? : An examination of the gold standard constraint

Bordo, Michael D.; Choudhri, Ehsan U.; Schwartz, Anna … - In: Explorations in economic history : EEH 39 (2002) 1, pp. 1-28

Persistent link: https://www.econbiz.de/10001644262

Income uncertainty and consumer spending during the Great Depression

Greasley, David; Madsen, Jakob Brøchner; Oxley, Les - In: Explorations in economic history : EEH 38 (2001) 2, pp. 225-251

Persistent link: https://www.econbiz.de/10001572478

Aggregate price shocks and financial instability : an historical analysis

Bordo, Michael D.; Dueker, Michael; Wheelock, David C. - 2000

Persistent link: https://www.econbiz.de/10001470569

Myopic loss aversion, bond returns and the equity premium puzzle

Jagd, Philip; Madsen, Jakob Brøchner - In: Applied financial economics 19 (2009) 16/18, pp. 1383-1390

In an influential paper Bernatzi and Thaler (1995) (B&T) show that Myopic Loss Aversion (MLA) can explain the equity premium in the US over the period 1926 to 1990. However, bond returns, in their simulations, are based on coupons only. Allowing for capital gains on bonds in the simulations...

Persistent link: https://www.econbiz.de/10003886198