Working Papers 1981

#01-81
Comment on Inflation and the Stock Market
Irwin Friend and Joel Hasbrouck
[abstract]
(American Economic Review, Vol. 72, No. 1, March 1982)

#02-81
Stochastic Dominance with a Riskless Asset: The Continuous Case
Yoram Kroll and Haim Levy
[abstract]

#03-81
Effect of Inflation on the Profitability and Valuation of U.S. Corporations
Irwin Friend and Joel Hasbrouck
[abstract]

#04-81
Testing Rational Expectations by the Use of Overidentifying Restrictions
Richard Startz
[abstract]
(Journal of Econometrics, Vol. 23, Issue 3, December 1983)

#05-81
Real Versus Nominal Forecast Errors in the Prediction of Foreign Exchange Rates
Stephen Meyer and Richard Startz
[abstract]
(Journal of International Money and Finance, Vol. 1, 1982)

#06-81
Toward Efficiency Analysis of Diversifiable Assets
Yoram Kroll
[abstract]

#07-81
A Framework for the Analysis of Financial Disorder (discontinued from series – contact authors for copies)
Jack Guttentag and Richard Herring
[abstract]

#08-81
Do Forecast Errors or Term Premia Really Make the Difference Between Long and Short Rates?
Richard Startz
[abstract]
(Journal of Financial Economics, Vol. 10, Issue 3, November 1982)

#09-81
The Lender of Last Resort Function in an International Context
Jack Guttentag and Richard Herring
[abstract]
(Essays in International Finance, No. 151, May 1983)

#10-81
The Impact of Market Interest Rates on Small Commercial Banks
Mark Flannery
[abstract]
(Journal of Finance, Vol. 36, No. 5, December 1981)

#11-81
Effect of Inflation on Saving, Investment and Capital Markets
Irwin Friend
[abstract]

#12-81
Notes on Taxation and Risk Taking
Richard Kihlstrom and Jean-Jacques Laffont
[abstract]
(Journal of Public Economics, Vol. 21, Issue 2, July 1983)

#13-81
On the Exclusion of Assets from Tests of the Two-Parameter Model: A Sensitivity Analysis
Robert Stambaugh
[abstract]
(Journal of Financial Economics, Vol. 10, Issue 3, November 1982)

#14-81
The Impact of Inflation Upon Corporate Taxation
Joel Hasbrouck
[abstract]
(National Tax Journal, Vol. 36, No. 1, March 1983)

#15-81
Insider Holdings and the Pricing of Initial Public Offerings
Jay Ritter
[abstract]

#16-81
Some Indirect Evidence on Effective Capital Gains Tax Rates
Aris Protopapadakis
[abstract]
(Journal of Business, Vol. 56, No. 2, April 1983)

#17-81
The Insolvency of Financial Institutions: Assessment and Regulatory Disposition
Jack Guttentag and Richard Herring
[abstract]
(Crises in the Economic and Financial Structure, 1983)

#18-81
Aggregate Versus Disaggregate Models or Account Numbers: Empirical Results
Nicholas J. Gonedes and John Twombly
[abstract]

#19-81
Private Discrimination and Social Intervention in Competitive Labor Markets
Richard Startz and Lundberg
[abstract]
(American Economic Review, Vol. 73, No. 3, June 1983)