I Impact of Deficits on Monetary Growth and Inflation -- 1 Examining the Proposition that Federal Budget Deficits Matter -- Discussion -- 2 On the Monetization of Deficits -- Discussion -- II Impact of Deficits on Interest Rates and Capital Formation -- 3 Asset Substitutability and the Impact of...

I The United States Experience -- 1 Nonborrowed Reserve Targeting and Monetary Control -- Discussion 1 -- Discussion 2 -- Discussion 3 -- II Money Stock Control in Europe: Switzerland and the United Kingdom -- 2 Targeting the Monetary Base: The Swiss Case -- Discussion -- 3 Recent Developments...

This article presents tests of the random walk hypothesis for the U.S. and world commercial real estate markets along with the world stock market through utilizing appropriate market indices. The augmented Dickey-Fuller and Phillips-Perron unit root tests and Cochrane variance ratio test find...

Several academic studies have examined the investment performance of initial public offerings (IPOs). Since the underwriters desire to have the offering sell out quickly, they have an incentive to underprice the securities offering. A number of studies have found that new equity issues are...