This article examines price behavior in the US Treasury bond futures market in the mornings
after large overnight price moves, using data from 1980 to 1987. The article tests whether …

This paper examines the behaviour of the ‘VXO’, previously called the ‘VIX’, and ‘VXN’
measures of the volatility implied by stock index options. From the mid-1990s to the end of 2002, …

Prior to the introduction of swaps, when the only instruments available to borrowers were
long-term fixed rate, long-term floating rate, and short-term debt, there was no instrument that …

1. BACKGROUND In March, 1981, the UK Treasury issued 15-year securities that are indexed
* Manuscript received March, 1983; revised September, 1984. 1 The views expressed are …

In the June 1973 issue of this Review, Robert E. Lucas presented a model for the
determination of aggregate output and the price level which was based upon rational price …

In mid-1981, yields on high quality, long-term tax-exempt bonds issued by state and local
governments increased substantially relative to yields on US Government bonds. At the short …

Financial analysts need accurate estimates of debt, equity, leverage, and EPS. The method
proposed here, based on the probability of conversion, yields new estimates of the debt and …

… Marcelle Arak Laurie S. Goodman … In the practitioner literature, there is widespread
agreement on how these implicit options operate and when one can take advantage of …

In this paper I describe the relationship between coffee prices and the number of coffee
trees in the Brazilian state of Sao Paulo. From the end of the nineteenth century until the late …

Far a number of years it has been recognized that there are problems involved in estimating
supply functions for commodities whose production employs long‐lived inputs. These …