Rational bias in macroeconomic forecasts

D Laster, P Bennett, IS Geoum - The Quarterly Journal of …, 1999 - academic.oup.com
Do professional forecasters provide their true unbiased estimates, or do they behave
strategically? In our model, forecasters have common information, confer actively, and thus know …

Are good companies bad investments?

P Antunovich, D Laster - FRB of New York Staff Report, 1998 - papers.ssrn.com
Do investors confuse the quality of a firm with its attractiveness as an investment? If so, shares
of well-run companies will be bid up too high and subsequently earn negative abnormal …

Stock market valuation indicators: is this time different?

K Cole, J Helwege, D Laster - Financial Analysts Journal, 1996 - Taylor & Francis
Traditional market indicators have pointed to an overvalued stock market throughout the
1990s, because the dividend yield dropped to a record low and the market-to-book ratio …

Are high-quality firms also high-quality investments?

P Antunovich, D Laster, S Mitnick - Available at SSRN 716602, 2005 - papers.ssrn.com
The relationship between corporate reputation and investment results is the subject of
ongoing debate. Some argue that high-quality firms ultimately provide superior stock price …

The electronic purse

J Wenninger, D Laster - Current Issues in Economics and Finance, 1995 - papers.ssrn.com
… John Wenninger is an assistant vice president and David Laster an economist in Payments
System Studies, Research and Market Analysis Group, Federal Reserve Bank of New York. …

[PDF][PDF] Hedge funds and systemic risk

R Ferguson, D Laster - Financial Stability Review …, 2007 - publications.banque-france.fr
A hedge fund is a privately offered investment vehicle that pools the contributions of investors
in order to invest in a variety of assets, such as securities, futures, options, bonds and …

Portfolio selection in goals-based wealth management

H Wang, A Suri, D Laster… - The Journal of Wealth …, 2011 - search.proquest.com
The authors propose an incremental step toward combining the insights of modern portfolio
theory with some of the propensities documented in the literature on behavioral finance. …

Are good companies bad investments?

P Antunovich, DS Laster - The Journal of Investing, 2003 - pm-research.com
If investors confuse the quality of a firm with its attractiveness as an investment, shares of
well-run companies will be bid up too high and subsequently produce negative abnormal …

What Drives Financial Innovation in the Insurance Industry?

D Laster, M Raturi - The Journal of Risk Finance, 2002 - emerald.com
This article describes the forces that drive financial innovation in the insurance industry, as it
relates to the convergence between insurance and capital markets. The authors base their …

pitfalls in retirement

DD Laster, A Suri, N Vrdoljak - The Journal of Retirement, 2013 - pm-research.com
The market turmoil of recent years has left many who are in or near retirement uncertain about
how best to protect their nest eggs. This article offers insights into the key financial pitfalls …