Business conditions, monetary policy, and expected security returns

Business conditions and expected returns on stocks and bonds

1989 • 4,137 citations

Dividend yields and expected stock returns

1988 • 3,736 citations

The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors

1988 • 3,689 citations

MONEY, INCOME, AND CAUSALITY

1972 • 3,059 citations

The Federal funds rate and the channels of monetary transmission

1992 • 2,837 citations

Asset returns and inflation

1977 • 2,770 citations

A Monetary History of the United States, 1867-1960

2017 • 2,733 citations

Stock Returns, Real Activity, Inflation, and Money

1981 • 2,625 citations

Stock returns and the term structure

1987 • 2,322 citations

A Monetary History of the United States 1867-1960

1964 • 2,103 citations

A Monetary History of the United States, 1867-1960

1964 • 1,903 citations

Predicting returns in the stock and bond markets

1986 • 1,825 citations

The Information in Long-Maturity Forward Rates

1987 • 1,646 citations

Stock Returns, Expected Returns, and Real Activity

1990 • 1,453 citations

The Fiscal and Monetary Linkage between Stock Returns and Inflation

1983 • 895 citations

Financial Investment Opportunities and the Macroeconomy

1991 • 875 citations

Stock Returns and Real Activity: A Century of Evidence

1990 • 712 citations

The information in the term structure

1984 • 689 citations

Forward Rates and Future Policy: Interpreting the Term Structure of Interest Rates

1983 • 447 citations

Stock returns and inflation

1987 • 432 citations

Stock Prices and Economic News

1985 • 413 citations

Forward Rates and Future Policy: Interpreting the Term Structure of Interest Rates

1983 • 391 citations

Dividend yields are equity risk premiums

1984 • 388 citations

Stock Returns, Expected Returns, and Real Activity

1990 • 373 citations

Predicting Stock Returns in an Efficient Market

1990 • 323 citations

The Fiscal and Monetary Linkage Between Stock Returns and Inflation

1983 • 255 citations

Forward rates as predictors of future spot rates

1976 • 237 citations

Financial Investment Opportunities and the Macroeconomy

1991 • 233 citations

The Money Supply Announcements Puzzle: Review and Interpretation

1983 • 219 citations

Money and stock prices

1974 • 189 citations

The Reaction of Stock Prices to Unanticipated Changes in Money: A Note

1983 • 184 citations

Discount rate changes and security returns in the U.S., 1962–1991

1995 • 174 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

Money does Granger-cause output in the bivariate money-output relation

1988 • 167 citations

Stock Returns and Real Activity: A Century of Evidence

1990 • 128 citations

The Information Content of Discount Rate Announcements and Their Effect on Market Interest Rates

1988 • 120 citations

Monetary Policy and Short‐term Interest Rates: An Efficient Markets‐Rational Expectations Approach

1982 • 106 citations

Predicting Stock Returns in an Efficient Market

1990 • 88 citations

Do forecast errors or term premia really make the difference between long and short rates?

1982 • 69 citations

Monetary policy and long-term interest rates

1981 • 64 citations

Monetary Policy and Short-Term Interest Rates: An Efficient Markets- Rational Expectations Approach

1982 • 55 citations

Asset Returns, Discount Rate Changes, and Market Efficiency

1985 • 47 citations

The Reaction of Stock Prices to Unanticipated Changes in Money: A Note

1983 • 37 citations

Reserves Announcements and Interest Rates: Does Monetary Policy Matter?

1987 • 32 citations

Reserves Announcements and Interest Rates: Does Monetary Policy Matter?

1987 • 20 citations

The Money Supply and the Stock Market: The Demise of a Leading Indicator

1975 • 13 citations

Money supply announcement and stock prices

1981 • 10 citations

Accounting Determinants of Foreign Exchange Gains and Losses

1975 • 6 citations

Lease Capitalization and Inflation Accounting

1975 • 3 citations