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Conventional wisdom tells us that stocks tend to outperform government bonds in the long term. That is, if stocks are … investors how the riskiness of stocks and bonds can change as an investor’s holding period lengthens. First, she explains why … stocks are generally considered riskier than government bonds and thus, on average, should pay higher rates of return to …
Persistent link: https://www.econbiz.de/10005379528
In this paper, I conduct an empirical analysis of the behavior of bank holding company stock returns with the goal of identifying the effect of portfolio composition on the risks embodied in those returns. Using a modified arbitrage pricing theory model, I test for significant balance sheet...
Persistent link: https://www.econbiz.de/10005707527
This paper investigates the relation between inflation uncertainty and excess returns on stocks and bonds. It …
Persistent link: https://www.econbiz.de/10005707563
An examination of the relationship between inflation and equity prices, concluding that equity prices respond …
Persistent link: https://www.econbiz.de/10005707886
In the last decade, households have tended to shift out of bank deposits and money market funds and into stocks and …. Consumption spending, it is argued, might fluctuate more because households have invested in riskier stocks and bonds. Financial …
Persistent link: https://www.econbiz.de/10005713275
An investigation of the value of FSLIC forbearances to the stockholders of insolvent stock-chartered thrift institutions, concluding that these forbearances increase the stock-market value of thrift institutions.
Persistent link: https://www.econbiz.de/10005491051
Bond prices tend to move together. Stocks tend to go their own way. This distinction requires completely different …
Persistent link: https://www.econbiz.de/10005491166
This article analyzes how macroeconomic fundamentals and high price-earnings ratios on stocks will affect long …
Persistent link: https://www.econbiz.de/10005501282
prices do reflect the effects of the settlement delay. …
Persistent link: https://www.econbiz.de/10005360774
A discussion of six papers presented at the Federal Reserve Bank of Cleveland's Conference on Price Stability in November 1990, focusing on how recent developments in macroeconomic research have changed perceptions about optimal inflation policy.
Persistent link: https://www.econbiz.de/10005360789