Stock Prices, Firm Size, and Changes in the Federal Funds Rate Target

A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity

1980 • 25,774 citations

An Intertemporal Capital Asset Pricing Model

1973 • 6,653 citations

The relationship between return and market value of common stocks

1981 • 6,052 citations

Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?

1997 • 5,821 citations

By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior

1999 • 5,300 citations

Agency Costs, Net Worth, and Business Fluctuations.

1989 • 4,683 citations

Inside the Black Box: The Credit Channel of Monetary Policy Transmission

1995 • 3,871 citations

Size and Book‐to‐Market Factors in Earnings and Returns

1995 • 3,145 citations

The Federal funds rate and the channels of monetary transmission

1992 • 2,837 citations

Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms

1994 • 2,494 citations

The Financial Accelerator and the Flight to Quality

1996 • 2,364 citations

Evidence that stock prices do not fully reflect the implications of current earnings for future earnings

1990 • 2,121 citations

Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior

1992 • 1,022 citations

Federal Reserve Information and the Behavior of Interest Rates

2000 • 1,001 citations

On Stock Market Returns and Monetary Policy

1997 • 905 citations

Firm Size and Cyclical Variations in Stock Returns

2000 • 664 citations

The effect of changes in the federal funds rate target on market interest rates in the 1970s

1989 • 623 citations

Risk aversion, uncertain information, and market efficiency

1988 • 531 citations

Federal Reserve interest rate targeting, rational expectations, and the term structure

1995 • 417 citations

Federal Reserve interest rate targeting, rational expectations, and the term structure

1995 • 374 citations

Public Interpretation of Federal Reserve Discount Rate Changes: Evidence on the "Announcement Effect"

1970 • 168 citations

Asset Returns, Discount Rate Changes, and Market Efficiency

1985 • 168 citations

On Stock Market Returns and Monetary Policy

1997 • 137 citations

Untitled

2000 • 123 citations

Asset Pricing Explorations for Macroeconomics

1992 • 94 citations

Perfecting the Market's Knowledge of Monetary Policy

2000 • 52 citations

The effect of changes in the federal funds rate target on stock prices in the 1970s

1994 • 48 citations

Asset Returns, Discount Rate Changes, and Market Efficiency

1985 • 47 citations

The credit channel of monetary policy transmission: evidence from stock returns

2001 • 24 citations

The credit channel of monetary policy transmission: evidence from stock returns

2001 • 10 citations