Details about Deborah Lucas

Homepage:	http://mitsloan.mit.edu/faculty/detail.php?in_spseqno=41235&co_list=F
Postal address:	Sloan School of Management MIT
Workplace:	Sloan School of Management, Massachusetts Institute of Technology (MIT), (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Deborah Lucas.

Last updated 2019-08-13. Update your information in the RePEc Author Service.

Short-id: plu94

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Working Papers

2013

1. Technical Review Panel for the Pension Insurance Modeling System (PIMS)
   Working Papers, University of Michigan, Michigan Retirement Research Center

2011

2. An Evaluation of Large-Scale Mortgage Refinancing Programs: Working Paper 2011-04
   Working Papers, Congressional Budget Office View citations (4)

2008

3. The Student Loan Consolidation Option
   Working Papers, Human Capital and Economic Opportunity Working Group

2007

4. Guaranteed Versus Direct Lending: The Case of Student Loans: Working Paper 2007-09
   Working Papers, Congressional Budget Office View citations (1)
5. The Student Loan Consolidation Option: An Analysis of an Exotic Financial Derivative: Working Paper 2007-05
   Working Papers, Congressional Budget Office View citations (3)
6. Valuing & Hedging: Defined Benefit Pension Obligations - The Role of Stocks Revisited
   Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group View citations (18)

2006

7. Who holds the toxic waste? an investigation of CMO holdings
   Proceedings, Federal Reserve Bank of Chicago
   See also Journal Article in Policy Discussion Papers (2007)

2004

8. Valuing Federal Loans and Loan Guarantees Using Options-Pricing Methods: Technical Paper 2004-12
   Working Papers, Congressional Budget Office

1995

9. External Financing and Insurance Cycles
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   See also Chapter (1998)

1993

10. Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    See also Journal Article in Journal of Political Economy (1996)

1989

11. Equity Issues and Stock Price Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Finance (1990)
12. The Variability of Velocity in Cash-In-Advance Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article in Journal of Political Economy (1991)
13. Understanding Stock Price Behavior around the Time of Equity Issues
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Chapter (1990)

1988

14. The Effect of Information Releases on the Pricing and Timing of Equity Issues: Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

1987

15. Bank Financing and Investment Decisions with Asymmetric Information
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
16. Bank Portfolio Choice with Private Information About Loan Quality: Theory and Implications for Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article in Journal of Banking & Finance (1987)

Journal Articles

2015

1. Joint risk of DB pension underfunding and sponsor termination: incorporating option-based projections and valuations into PIMS
   Journal of Pension Economics and Finance, 2015, 14, (02), 172-185

2014

2. Evaluating the cost of government credit support: the OECD context
   Economic Policy, 2014, 29, (79), 553-597 View citations (2)
3. Evaluating the government as a source of systemic risk
   Journal of Financial Perspectives, 2014, 2, (3), 45-58

2012

4. Valuation of Government Policies and Projects
   Annual Review of Financial Economics, 2012, 4, (1), 39-58 View citations (4)

2010

5. Is mark-to-market accounting destabilizing? Analysis and implications for policy
   Journal of Monetary Economics, 2010, 57, (1), 64-75 View citations (26)

2009

6. How Should Public Pension Plans Invest?
   American Economic Review, 2009, 99, (2), 527-32 View citations (23)

2007

7. Comment on "Global demographic trends and social security reform" by Orazio Attanasio, Sagiri Kitao, and Giovanni Violante
   Journal of Monetary Economics, 2007, 54, (1), 199-204 View citations (7)
8. Who holds the toxic waste? An investigation of CMO holdings
   Policy Discussion Papers, 2007, (Jun) View citations (1)
   See also Working Paper (2006)

2006

9. An Editors' Comment on "Lessons from the JMCB Archive" by B.D. McCullough, Kerry Anne McGeary, and Teresa D. Harrison
   Journal of Money, Credit and Banking, 2006, 38, (4), 1109
10. An options-based approach to evaluating the risk of Fannie Mae and Freddie Mac
    Journal of Monetary Economics, 2006, 53, (1), 155-176 View citations (26)
11. Commentary on "On asset-liability matching and federal deposit and pension insurance"
    Review, 2006, (Jul), 331-336

2003

12. Modeling the Macro-Effects of Sustained Fiscal Policy Imbalances: How Much Does Rationality Matter?
    Review of Economic Dynamics, 2003, 6, (4), 789-805 View citations (1)

2001

13. Investing Public Pensions in the Stock Market: Implications for Risk Sharing, Capital Formation and Public Policy in the Developed and Developing World
    International Review of Finance, 2001, 2, (3), 179-202 View citations (2)

2000

14. Portfolio Choice in the Presence of Background Risk
    Economic Journal, 2000, 110, (460), 1-26 View citations (181)
15. Stock prices and fundamentals
    Proceedings, 2000, (Apr) View citations (39)
    See also Chapter (2000)

1999

16. Price and interest rate dynamics induced by multiperiod contracts
    The North American Journal of Economics and Finance, 1999, 10, (2), 315-338 View citations (1)

1998

17. Shareholder Heterogeneity, Adverse Selection, and Payout Policy
    Journal of Financial and Quantitative Analysis, 1998, 33, (02), 233-253 View citations (17)

1997

18. MARKET FRICTIONS, SAVINGS BEHAVIOR, AND PORTFOLIO CHOICE
    Macroeconomic Dynamics, 1997, 1, (01), 76-101 View citations (137)

1996

19. Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing
    Journal of Political Economy, 1996, 104, (3), 443-87 View citations (414)
    See also Working Paper (1993)

1995

20. Financial Intermediation and Monetary Policy in a General Equilibrium Banking Model: Comment
    Journal of Money, Credit and Banking, 1995, 27, (4), 1316-19
21. The importance of investor heterogeneity and financial market imperfections for the behavior of asset prices
    Carnegie-Rochester Conference Series on Public Policy, 1995, 42, (1), 1-32 View citations (34)

1994

22. A "Barter" Theory of Bank Regulation and Credit Allocation: Comment
    Journal of Money, Credit and Banking, 1994, 26, (3), 706-09 View citations (1)
23. Asset pricing with undiversifiable income risk and short sales constraints: Deepening the equity premium puzzle
    Journal of Monetary Economics, 1994, 34, (3), 325-341 View citations (111)

1993

24. 8. Asset Pricing with Incomplete Markets
    Hitotsubashi Journal of Economics, 1993, 34, (Special Issue), 163-179 View citations (1)

1992

25. Bank Financing and Investment Decisions with Asymmetric Information about Loan Quality
    RAND Journal of Economics, 1992, 23, (1), 86-105 View citations (27)
26. Equity Issues with Time-Varying Asymmetric Information
    Journal of Financial and Quantitative Analysis, 1992, 27, (03), 397-417 View citations (38)
27. The effects of incomplete insurance markets and trading costs in a consumption-based asset pricing model
    Journal of Economic Dynamics and Control, 1992, 16, (3-4), 601-620 View citations (45)

1991

28. Foundations of the cash-in-advance model: A review essay
    Journal of Monetary Economics, 1991, 27, (3), 487-493 View citations (1)
29. The Effect of Information Releases on the Pricing and Timing of Equity Issues
    Review of Financial Studies, 1991, 4, (4), 685-708 View citations (82)
30. The Variability of Velocity in Cash-in-Advance Models
    Journal of Political Economy, 1991, 99, (2), 358-84 View citations (78)
    See also Working Paper (1989)

1990

31. Equity Issues and Stock Price Dynamics
    Journal of Finance, 1990, 45, (4), 1019-43 View citations (158)
    See also Working Paper (1989)

1987

32. Bank portfolio choice with private information about loan quality: Theory and implications for regulation
    Journal of Banking & Finance, 1987, 11, (3), 473-497 View citations (4)
    See also Working Paper (1987)

Books

2010

1. Measuring and Managing Federal Financial Risk
   NBER Books, National Bureau of Economic Research, Inc View citations (11)

Edited books

2010

1. Measuring and Managing Federal Financial Risk
   National Bureau of Economic Research Books, University of Chicago Press View citations (6)

Chapters

2010

1. Introduction to "Measuring and Managing Federal Financial Risk"
   A chapter in Measuring and Managing Federal Financial Risk, 2010, pp 1-12 View citations (6)
2. Valuing Government Guarantees: Fannie and Freddie Revisited
   A chapter in Measuring and Managing Federal Financial Risk, 2010, pp 131-154 View citations (4)

2000

3. Stock Prices and Fundamentals
   A chapter in NBER Macroeconomics Annual 1999, Volume 14, 2000, pp 213-264 View citations (11)
   See also Journal Article in Proceedings (2000)

1998

4. External Financing and Insurance Cycles
   A chapter in The Economics of Property-Casualty Insurance, 1998, pp 5-28
   See also Working Paper (1995)

1990

5. Understanding Stock Price Behavior around the Time of Equity Issues
   A chapter in Asymmetric Information, Corporate Finance, and Investment, 1990, pp 257-278 View citations (27)
   See also Working Paper (1989)

1975

6. Front matter, acknowledgments, table of contents
   A chapter in Measuring and Managing Federal Financial Risk, 1975
7. Guaranteed versus Direct Lending: The Case of Student Loans
   A chapter in Measuring and Managing Federal Financial Risk, 1975, pp 163-205 View citations (2)
8. List of contributors, Indexes
   A chapter in Measuring and Managing Federal Financial Risk, 1975, pp 261-271
9. The Cost of Risk to the Government and Its Implications for Federal Budgeting
   A chapter in Measuring and Managing Federal Financial Risk, 1975, pp 29-54 View citations (1)

Editor

1. Journal of Money, Credit and Banking
   Blackwell Publishing