Utilizing daily instantaneous forward rates of nominal and inflation-indexed bonds as well as realizations of stock and bond index returns, I examine the informational content of a broad set of macroeconomic announcements. I find evidence that, with a few exceptions, price variables mainly move...

This study investigates the implications of firm's demand for real balances from the production and monetary economics perspective. Money is a component of production as a factor increasing efficiency in exchange in input markets. Firms may improve efficiency in production by holding real money...

ABSTRACTMIN, KYUNG-SEOL, An Empirical Investigation of Lending to Small Businesses. (Under the direction of Douglas K. Pearce and Karlyn Mitchell.) This dissertation analyzes lenders' two important decisions (loan approval decision and loan rate decision) in their loan evaluation procedures...