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Author:Jefferis, Richard H. 

Journal Article
The high-yield debt market: 1980-1990

A review of the growth of the junk bond market, the trends that contributed to its expansion, and the impact of recent events on its viability.
Economic Commentary , Issue Apr

Working Paper
Information and voting power in the proxy process

We document shareholder support for wealth-decreasing changes in corporate governance in the form of antitakeover charter amendments. the enactment of these amendments is shown to be related to ownership structure. This gives rise to a sample selection bias that contaminates traditional event-study results and explains the discrepancy between our findings and those reported in previous studies. We also provide evidence that strategic behavior by managers plays a role in the adoption of these amendments.
Working Papers (Old Series) , Paper 9011

Journal Article
Expectations and the core rate of inflation

A comparison of actual inflation rates with expected inflation rates generated by a wide variety of econometric models, concluding that expected inflation may serve as an effective guide to monetary policy.
Economic Review , Volume 26 , Issue Q IV

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