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Determinants of long-term bond risk premiums

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  • William D. Jackson

Abstract

Investor risk aversion in the long-term bond markets strongly influences the ability of many businesses to finance capital expenditures.

Suggested Citation

  • William D. Jackson, 1976. "Determinants of long-term bond risk premiums," Working Paper 76-03, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:fedrwp:76-03
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    References listed on IDEAS

    as
    1. Alan C. Hess, 1975. "The Riskless Rate of Interest and the Market Price of Risk," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 89(3), pages 444-455.
    2. Lintner, John, 1969. "The Aggregation of Investor's Diverse Judgments and Preferences in Purely Competitive Security Markets," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 4(4), pages 347-400, December.
    3. Lawrence Fisher, 1959. "Determinants of Risk Premiums on Corporate Bonds," Journal of Political Economy, University of Chicago Press, vol. 67(3), pages 217-217.
    4. Jaffee, Dwight M., 1975. "Cyclical variations in the risk structure of interest rates," Journal of Monetary Economics, Elsevier, vol. 1(3), pages 309-325, July.
    5. Michael C. Jensen, 1972. "Capital Markets: Theory and Evidence," Bell Journal of Economics, The RAND Corporation, vol. 3(2), pages 357-398, Autumn.
    6. Keith M. Carlson & Roger W. Spencer, 1975. "Crowding out and its critics," Review, Federal Reserve Bank of St. Louis, vol. 57(Dec), pages 2-17.
    7. Cebula, Richard J, 1973. "Deficit Spending, Expectations, and Fiscal Policy Effectiveness," Public Finance = Finances publiques, , vol. 28(3-4), pages 362-370.
    8. Roger W. Spencer & William P. Yohe, 1970. "The \\"crowding out\\" of private expenditures by fiscal policy actions," Review, Federal Reserve Bank of St. Louis, vol. 52(Oct), pages 12-24.
    9. William D. Jackson, 1976. "Federal deficits, inflation, and monetary growth : can they predict interest rates?," Economic Review, Federal Reserve Bank of Richmond, vol. 62(Sep), pages 13-25.
    10. Feige, Edgar L & Pearce, Douglas K, 1976. "Economically Rational Expectations: Are Innovations in the Rate of Inflation Independent of Innovations in Measures of Monetary and Fiscal Policy?," Journal of Political Economy, University of Chicago Press, vol. 84(3), pages 499-522, June.
    11. Alfred Broaddus, 1975. "Aggregating the monetary aggregates : concepts and issues," Economic Review, Federal Reserve Bank of Richmond, vol. 61(Nov).
    12. Lintner, John, 1975. "Inflation and Security Returns," Journal of Finance, American Finance Association, vol. 30(2), pages 259-280, May.
    13. Joseph Bisignano, 1975. "The effect of inflation on savings behavior," Economic Review, Federal Reserve Bank of San Francisco, issue Dec, pages 21-26.
    14. Ederington, Louis H, 1974. "The Yield Spread of New Issues of Corporate Bonds," Journal of Finance, American Finance Association, vol. 29(5), pages 1531-1543, December.
    Full references (including those not matched with items on IDEAS)

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