Many empirical studies have been undertaken to determine the validity of the uncovered interest rate parity hypothesis--the hypothesis that would lead one to expect a correlation between the forward discount and spot rate movements. The consensus of these studies has been that the forward...

Jensen, Johnson, and Mercer (1997) demonstrate that ME and BE/ME do not significantly explain the cross-section of stock returns during periods of contractionary monetary policy. In this study we use a dataset of stocks screened in the manner of a Fama and French 1992. We use a simple AR(1)...

There is a large stream of literature that documents one-month return reversal patterns for individual stocks. Some studies term this reversal pattern overreaction, while others simply skip one-month returns in order to examine longer term momentum patterns in stocks. At the same time, the...