Macroeconomics and finance: The role of the stock market

The Pricing of Options and Corporate Liabilities

1973 • 29,036 citations

The General Theory of Employment, Interest and Money.

1936 • 14,151 citations

ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*

1974 • 10,570 citations

The arbitrage theory of capital asset pricing

1976 • 7,056 citations

An Intertemporal Capital Asset Pricing Model

1973 • 6,653 citations

Time to Build and Aggregate Fluctuations

1982 • 5,852 citations

Asset Prices in an Exchange Economy

1978 • 5,134 citations

Expectations and the neutrality of money

1972 • 4,734 citations

THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945-1964

1968 • 4,463 citations

Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence

1978 • 3,343 citations

DEBT AND TAXES*

1977 • 3,086 citations

On estimating the expected return on the market

1980 • 2,932 citations

On the Pricing of Corporate Debt: The Risk Structure of Interest Rates

1974 • 2,884 citations

An intertemporal asset pricing model with stochastic consumption and investment opportunities

1979 • 2,786 citations

Tobin's Marginal q and Average q: A Neoclassical Interpretation

1982 • 2,664 citations

Stock Returns, Real Activity, Inflation, and Money

1981 • 2,625 citations

Tax Policy and Investment Behavior

1967 • 1,812 citations

The Performance of Mutual Funds in the Period 1945-1964

1968 • 1,763 citations

The Present-Value Relation: Tests Based on Implied Variance Bounds

1981 • 1,402 citations

Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends

1980 • 1,351 citations

Implicit Contracts and Underemployment Equilibria

1975 • 1,262 citations

Forecasting and conditional projection using realistic prior distributions

1984 • 1,111 citations

An Equilibrium Model of the Business Cycle

1975 • 1,045 citations

Do Sunspots Matter?

1983 • 991 citations

Inflation, Rational Valuation and the Market

1979 • 942 citations

Short- Term Interest Rates as Predictors of Inflation

2021 • 937 citations

Wages and Employment under Uncertain Demand

1974 • 909 citations

The Economics of Information and Uncertainty

1982 • 874 citations

The Summation of Random Causes as the Source of Cyclic Processes

1937 • 843 citations

Self-fulfilling prophecies

1981 • 797 citations

Taxation and Corporate Investment: A q-Theory Approach

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Optimal economic growth and uncertainty: The discounted case

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Extraordinary popular delusions and the madness of crowds.

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Studies in the Theory of Capital Markets.

1973 • 644 citations

The Determinants of the Variability of Stock Market Prices

1981 • 624 citations

Debt and Taxes

1977 • 589 citations

Speculative bubbles, crashes and rational expectations

1979 • 532 citations

A Modigliani-Miller Theorem for Open-Market Operations

1979 • 497 citations

Variance Bounds Tests and Stock Price Valuation Models

1986 • 497 citations

The Present Value of Profits and Cyclical Movements in Investment

1986 • 405 citations

The Use of Volatility Measures in Assessing Market Efficiency*

1981 • 347 citations

Stochastic Methods in Economics and Finance.

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An Asymptotic Theory of Growth Under Uncertainty

1975 • 329 citations

The Role of Contingent Claims Analysis in Corporate Finance

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Optimal Labour Contracts under Asymmetric Information: An Introduction

1983 • 290 citations

Asset Prices in a Production Economy

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Stochastic Methods in Economics and Finance.

1983 • 275 citations

Rational expectations and the dynamic structure of macroeconomic models

1978 • 257 citations

Business cycles, inflation, and forecasting

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The Stock Market and the Economy

1975 • 206 citations

Conditions for Unique Solutions in Stochastic Macroeconomic Models with Rational Expectations

1977 • 203 citations

Debt, Dividend Policy, Taxes, Inflation and Market Valuation

1982 • 199 citations

Corporate Investment: Does Market Valuation Matter in the Aggregate?

1977 • 165 citations

The Analysis of Macroeconomic Policies in Perfect Foresight Equilibrium

1981 • 144 citations

On the Role of Social Security as a Means for Efficient Risk-Bearing in an Economy Where Human Capital Is Not Tradeable

1981 • 134 citations

An Aggregative Theory for a Closed Economy

1976 • 130 citations

The Use of Volatility Measures in Assessing Market Efficiency

1981 • 117 citations

Investment Behavior in U.S. Manufacturing, 1947-1960

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Information structure and equilibrium asset prices

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An Essay on Principles of Debt Management

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A particular class of continuous-time stochastic growth models

1974 • 62 citations

Financial Aspects of the United States Pension System

1985 • 60 citations

Optimal Economic Growth and Uncertainty: The No Discounting Case

1973 • 54 citations

An Integration of Stochastic Growth Theory and the Theory of Finance, Part I: The Growth Model

1979 • 51 citations

Debt, Dividend Policy, Taxes, Inflation and Market Valuation

1982 • 40 citations

An empirical structural model of aggregate demand

1981 • 34 citations

Optimal Growth in a Putty-Clay Model

1976 • 29 citations

Aggregate dividend behavior and its implications for tests of stock market rationality

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Do we really know that financial markets are efficient?

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A Rational Anticipations General Equilibrium Asset Pricing Model: The Case of Diffusion Information

2011 • 4 citations