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Discussion Papers

Intertemporal Substitution, Risk Aversion and the Euler Equation for Consumption: Evidence From Aggregate and Average Cohort Data

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September 1987
DP 23
Orazio P. Attanasio
Guglielmo Weber

Discussion Papers

Are UK Stock Prices Excessively Volatile?

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September 1987
DP 22
George Bulkley
Ian Tonks

Discussion Papers

Monetary Policy with Unregulated Banks

An  analytical basis is provided for the conduct of monetary policy in an economy with a completely unregulated banking system. In particular, the...

June 1987
DP 21
Arthur Grimes

Discussion Papers

Signalling, Taxes and the Transaction Cost of Takeovers

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May 1987
DP 18
Ailsa Röell

Discussion Papers

Empirical Evidence on Wealth Accumulation and the Effects of Pension Wealth: An Application To Italian Cross-Section Data

This paper investigates the effects of pension wealth on households non-pension net worth for an Italian cross-section sample, by estimating a simple...

May 1987
DP 20
Agar Brugiavini

Discussion Papers

Why Don't Individuals Speculate In The Foreign Exchange Market

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April 1987
DP 17
Charles Goodhart
Mark P. Taylor

Discussion Papers

Rules and the Quality of Markets

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April 1987
DP 15
Ailsa Röell

Discussion Papers

Asset Accumulation, Information and The Life-Cycle

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April 1987
DP 14
Mervyn King
Jonathan Leape

Discussion Papers

Tax Policy After The Election: What Would Change With The Government

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March 1987
DP 13
John Hills

Discussion Papers

Prospects For Tax Reform In 1988

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March 1987
DP 10
Mervyn King

Discussion Papers

Monday Lethargy: A Study of the Inter-Relationships Between Daily Price Changes, Turnover and Size of Bargains on the London Stock Market

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March 1987
DP 9
Charles Goodhart

Discussion Papers

Hostile Takeovers as Breaches of Trust

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February 1987
DP 8
Andrei Shleifer
Lawrence Summers

Discussion Papers

Imperfect Capital Markets Need not be Inefficient

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February 1987
DP 7
David Webb
David de Meza

Discussion Papers

The Saving Effect of Individual Retirement Accounts: Evidence From Consumer Expenditure Surveys

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February 1987
DP 6
David A. Wise
Steven F. Venti

Discussion Papers

Mean Reversion in Stock Returns Evidence and Implications

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Lawrence Summers
James Poterba

Discussion Papers

"The Regulation of Takeovers and the Stock Markets"

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January 1987
DP 4
Ailsa Röell

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