Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Report
Corporate leverage and taxes in the U.S. economy
Estrella, Arturo (1990)
Research Paper , Paper 9023

Report
Leverage and asset prices: an experiment
Houser, Daniel; Fostel, Ana; Cipriani, Marco (2012)
This is the first paper to test the asset pricing implication of leverage in a laboratory. We show that as theory predicts, leverage increases asset prices: When an asset can be used as collateral (that is, when the asset can be bought on margin), its price goes up. This increase is significant, and quantitatively close to what theory predicts. However, important deviations from the theory arise in the laboratory. First, the demand for the asset shifts when it can be used as a collateral, even though agents do not exhaust their purchasing power when collateralized borrowing is not allowed. ...
Staff Reports , Paper 548

Report
The rise in U.S. corporate leveraging in the 1980s
Ryding, John (1990)
Research Paper , Paper 9024

Journal Article
Leverage, monetary policy, and firm investment
Hu, Charles X. (1999)
In this paper, I investigate whether the effects of monetary policy on firm investment can be transmitted through leverage. I find that monetary contractions reduce the growth of investment more for highly leveraged firms than for less leveraged firms. The results suggest that the board credit channel for monetary policy exists, and that it can operate through leverage, as adverse monetary shocks aggravate real debt burdens and raise the effective costs of investment.
Economic Review

Report
Event risk premia and bond market incentives for corporate leverage
Zimmer, Steven A. (1990)
Research Paper , Paper 9028

Working Paper
A no-arbitrage analysis of economic determinants of the credit spread term structure
Wu, Liuren; Zhang, Frank X. (2005)
This paper presents an internally consistent analysis of the economic determinants of the term structure of credit spreads across different credit rating classes and industry sectors. Our analysis proceeds in two steps. First, we extract three economic factors from 13 time series that capture three major dimensions of the economy: inflation pressure, real output growth, and financial market volatility. In the second step, we build a no-arbitrage model that links the dynamics and market prices of these fundamental sources of economic risks to the term structure of Treasury yields and corporate ...
Finance and Economics Discussion Series , Paper 2005-59

Journal Article
Tax incentives for corporate leverage in the 1980s
Furlong, Frederick T. (1990-10)
Economic Review , Issue Fall , Pages 3-17

Journal Article
The Minsky cycle in action: but why?
Friedman, Benjamin M. (1993-04)
Quarterly Review , Volume 18 , Issue Spr , Pages 37-39

Report
Policies toward corporate leveraging
McCauley, Robert N. (1990)
Research Paper , Paper 9029

Speech
Asset bubbles and the implications for central bank policy
Dudley, William (2010)
Remarks at The Economic Club of New York, New York City.
Speech , Paper 21

show more (1)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Keywords