Publications in professional journals and books

"Market Timing Strategies that Worked," The Journal of Portfolio Management, Vol. 29, No. 2, 57-68, Winter 2003.

"Market-Makers' Supply and Pricing of Financial Market Liquidity," with Ross M. Starr, Economic Letters, 76: 53-58, 2002

"Liquidity of the Treasury Bill Market and the Term Structure of Interest Rates," with Ross M Starr, Journal of Economics and Business, 50: 401-417, 1998.

Federal Reserve Bank of Kansas City Economic Review articles

"Liquidity Risk Premia and Breakeven Inflation Rates," Second Quarter 2006. (Summary | Article PDF 125K)

"How Long is a Long-Term Investment?" First Quarter 2005. (Summary | Article PDF 238K)

"Why Has the Nonfinancial Commercial Paper Market Shrunk Recently?" First Quarter 2003. (Summary | Article PDF 1325K)

"Can TIPS Help Identify Long-Term Inflation Expectations?" with Jonathan Corning, Fourth Quarter 2001. (Summary | Article PDF 285K)

"The P/E Ratio and Stock Market Performance," Fourth Quarter 2000. (Summary | Article PDF 198K)

"How Important Is the Inflation Risk Premium?" Fourth Quarter 1998. (Summary | Article PDF 108K)

"Features and Risks of Treasury Inflation Protection Securities," First Quarter 1998. (Summary | Article PDF 72K)

"Settlement Risk in Large-Value Payments Systems," Second Quarter 1997. (Summary | Article PDF 99K)

"Benefits and Limitations of Inflation Indexed Treasury Bonds," Third Quarter 1995. (Summary | Article PDF 128K)

Federal Reserve Bank of Kansas City Research Working Papers

"Market-Timing Strategies That Worked," RWP 02-01. (PDF 369 | Abstract)

"Market Makers' Supply and Pricing of Financial Market Liquidity," with Ross M. Starr, RWP 00-03. (PDF 106K | Abstract)

"Do the Spreads between the E/P Ratio and Interest Rates Contain Information on Future Equity Market Movements?" with Douglas Rolph, RWP 99-03. (PDF 280 | Abstract)

"Breathing Room for Beta," with Sharon Kozicki, RWP 97-06. (Abstract only)

"Bank Derivative Activity in the 1990s," with Ken Heinecke, RWP 95-12. (Abstract only)

"Pricing Bid-Ask Spreads in Common Stocks, Liquidity Premium and the Small Firm Effect," RWP 93-19.

Publications in journals and books	Curriculum vitae (PDF 13KB)
Economic Review Articles	Research Working Papers