We develop a simple error-correction model, based on a well-known theory, espoused by
Benjamin Graham and David Dodd and others, which presumes stock returns tend to restore …

We develop a simple error-correction model, based on a well known theory espoused by
Benjamin Graham and David Dodd, and others, which presumes stock returns tend to restore …

This section contains a listing of current working papers by issuing institution. For more
complete bibliographic information, consult the entry for the primary author in the author index. …

We develop a simple error-correction model, based on a well-known theory, espoused by
Benjamin Graham and David Dodd and others, which presumes stock returns tend to restore …

In this paper, we present a few simple market-timing strategies that appear to outperform the"
buy-and-hold" strategy, with real-time data from 1970 to 2000. Our focus is on spreads …

The intertemporal risk-return tradeoff is the cornerstone of modern empirical finance and
has been the focus of much debate over the years. The reason for this is because extant …

We examine the usefulness of the spreads between the e/p ratio of the S&P 500 index and
the yields on 3-month and 10-year Treasury securities as indicators of future market …

From the 19th century through the mid-20th century, the dividend yield (dividends/price) and
earnings yield (earnings/price) on stocks generally exceeded the yield on long-term US …

Interest rates are very persistent. Modeling the persistent component of interest rates has
important consequence for forecasting. Factor models of the term structure are restricted VAR …

The stock market is a primary capital market through which companies and other institutions
can raise funds by issuing shares or loan stock but is more important as a secondary market …