To understand the impacts of support programs on global emissions, this paper considers the impacts of domestic subsidies, price distortions at the border, and investments in emission-reducing technologies on global greenhouse gas (GHG) emissions from agriculture. It uses a counterfactual global...

Gramm-Leach-Bliley Act (GLBA) was signed into law on November 12, 1999.This act is regarded as the most influential deregulation for the U.S. financial servicesindustry in the past one-century. The purpose of this study is to determine and analyze thewealth effects of the GLBA on U.S. and...

Gramm-Leach-Bliley Act (GLBA) was signed into law on November 12, 1999. This act is regarded as the most influential deregulation for the U.S. financial services industry in the past one-century. The purpose of this study is to determine and analyze the wealth effects of the GLBA on U.S. and...

Optimal asset allocation choice for long term individual investors is complicated by inflation expectation. This article analyzes how anticipated rate of inflation influences asset allocation decision of US investors who employ a subjective equilibrium allocation approach in which investors...

This paper empirically tests the benefits of Treasury inflation protected securities (TIPS) for investors. This study examines whether TIPS enhance the risk return characteristics of an investor's portfolio. The results of conditional spanning tests show that adding TIPS to any combined...

Recent international evidence shows that in many stock markets, general index returns are significantly higher during winter months than during summer months. We study the interaction between this anomaly - known as the Halloween effect - and the January effect and other well-known anomalous...

This paper investigates the effects of inflation and inflation variability on the economic and stock market activity within a VAR framework by using U.S data for the 1988:01-2002:12 period. Our results show that the detrimental effects of inflation come from the inflation variability, not the...

This paper investigates the impact of the Financial Services Modernization Act (FSMA) of 1999 on the insurance industry. We identify three events that have a differential impact across the business lines of the insurance industry. The overall impact of the FSMA across the business lines in the...