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Details about Steven Sharpe

E-mail:
Homepage:http://www.federalreserve.gov/research/staff/sharpestevea.htm
Postal address:Federal Reserve Board 20th and C. Sts, NW Washington, D.C. 20551
Workplace:Federal Reserve Board (Board of Governors of the Federal Reserve System), (more information at EDIRC)

Access statistics for papers by Steven Sharpe.

Last updated 2021-03-06. Update your information in the RePEc Author Service.

Short-id: psh65


Jump to Journal Articles

Working Papers

2020

  1. Macroeconomic News and Stock Prices Over the FOMC Cycle
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) Downloads
  2. The Corporate Bond Market Crises and the Government Response
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) Downloads
  3. The Power of Narratives in Economic Forecasts
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (1)

2018

  1. (Don't Fear) The Yield Curve
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) Downloads
  2. The Near-Term Forward Yield Spread as a Leading Indicator: A Less Distorted Mirror
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (1)

2017

  1. What's the Story? A New Perspective on the Value of Economic Forecasts
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads

2015

  1. Crowding Out Effects of Refinancing on New Purchase Mortgages
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads
    See also Journal Article in Review of Industrial Organization (2016)

2013

  1. Do CFOs Think Investment is Sensitive to Interest Rules?
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) Downloads
  2. The insensitivity of investment to interest rates: Evidence from a survey of CFOs
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads

2012

  1. From the horse’s mouth: how do investor expectations of risk and return vary with economic conditions?
    Working Paper Series, Federal Reserve Bank of Chicago Downloads

2008

  1. Expectations of risk and return among household investors: Are their Sharpe ratios countercyclical?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (8)
    See also Journal Article in Proceedings (2009)
  2. Footnotes Aren't Enough: The Impact of Pension Accounting on Stock Values
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2008) Downloads View citations (6)

    See also Journal Article in Journal of Pension Economics and Finance (2008)

2007

  1. Anchoring bias in consensus forecasts and its effect on market prices
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (3)
    See also Journal Article in Journal of Financial and Quantitative Analysis (2009)

2006

  1. How did the 2003 dividend tax cut affect stock prices?
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (4)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2005) Downloads View citations (3)

    See also Journal Article in Financial Management (2008)

2005

  1. Do nonfinancial firms use interest rate derivatives to hedge?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (1)
  2. From the horse's mouth: gauging conditional expected stock returns from investor surveys
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads
    See also Journal Article in Proceedings (2005)
  3. How did the 2003 dividend tax cut affect stock prices and corporate payout policy?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads

2004

  1. How Does the Market Interpret Analysts' Long-Term Growth Forecasts?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2002) Downloads View citations (2)

2003

  1. Did pension plan accounting contribute to a stock market bubble?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (24)
    See also Journal Article in Brookings Papers on Economic Activity (2003)
  2. Getting bad news out early: does it really help stock prices?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (2)

2001

  1. Reexamining stock valuation and inflation: the implications of analysts' earnings forecasts
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (8)
    See also Journal Article in The Review of Economics and Statistics (2002)

1999

  1. Share repurchases and employee stock options and their implications for S&P 500 share retirements and expected returns
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (18)
  2. Stock prices, expected returns, and inflation
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (13)

1997

  1. Bank asset opaqueness: some comments
    Proceedings, Federal Reserve Bank of Chicago

1996

  1. Debt maturity and the use of interest rate derivatives by non-financial firms
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (2)
  2. Does corporate lending by banks and finance companies differ? Evidence on specialization in private debt contracting
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (22)
  3. Does lending by banks and finance companies differ?
    Proceedings, Federal Reserve Bank of Chicago View citations (2)

1995

  1. Bank capitalization, regulation, and the credit crunch: a critical review of the research findings
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (36)

1994

  1. Capital market imperfections and the incentive to lease
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
    See also Journal Article in Journal of Financial Economics (1995)
  2. Leverage as a State Variable for Employment, Inventory Accumulation, andFixed Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1994) View citations (22)
  3. Optimal bank portfolios and the credit crunch
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (9)
  4. Rents and quasi-rents in the wage structure: evidence from hostile takeovers
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

1993

  1. Financial market imperfections, firm leverage and the cyclicality of employment
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
    See also Journal Article in American Economic Review (1994)

1992

  1. Consumer switching costs, market structure and prices: the theory and its application in the bank deposit market
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (11)
  2. Hostile Takeovers and Expropriation of Extramarginal Wages: A Test
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1992) View citations (3)

1991

  1. Debt and employment volatility over the business cycle
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
  2. Debt maturity and the back-to-the-wall theory of corporate finance
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)

1990

  1. Animal spirits, margin requirements, and stock price volatility
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1989)

    See also Journal Article in Journal of Finance (1991)
  2. Switching costs, market concentration, and prices: the theory and its empirical implications in the bank deposit market
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)

1989

  1. A theory of credit rationing and the maturity structure of debt
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1988) View citations (1)
  2. Asymmetric information, bank lending, and implicit contracts: a stylized model of customer relationships
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
    See also Journal Article in Journal of Finance (1990)
  3. Market structure and the nature of price rigidity: evidence from the market for consumer deposits
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (25)
    See also Journal Article in The Quarterly Journal of Economics (1992)

1988

  1. Post-deregulation deposit rate pricing: the multivariate dynamics
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (2)

1987

  1. Asymmetric information, bank lending, and implicit contracts: a stylized model of continuing relationships
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
  2. Price rigidity in imperfectly competitive markets: a survey of theoretical approaches
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.)

1986

  1. Experience goods, customer loyalty, and sticky prices in a dynamic market
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.)

Journal Articles

2021

  1. Why Isn’t Business Investment More Sensitive to Interest Rates? Evidence from Surveys
    Management Science, 2021, 67, (2), 720-741 Downloads

2016

  1. Crowding Out Effects of Refinancing on New Purchase Mortgages
    Review of Industrial Organization, 2016, 48, (2), 209-239 Downloads View citations (7)
    Also in Review of Industrial Organization, 2016, 48, (2), 209-239 (2016) Downloads View citations (7)

    See also Working Paper (2015)

2014

  1. From the Horse's Mouth: Economic Conditions and Investor Expectations of Risk and Return
    Management Science, 2014, 60, (4), 845-866 Downloads View citations (13)

2009

  1. Anchoring Bias in Consensus Forecasts and Its Effect on Market Prices
    Journal of Financial and Quantitative Analysis, 2009, 44, (2), 369-390 Downloads View citations (53)
    See also Working Paper (2007)
  2. Expectations of risk and return among household investors: Are their Sharpe ratios countercyclical?
    Proceedings, 2009, (Jan) Downloads View citations (3)
    See also Working Paper (2008)

2008

  1. Footnotes aren't enough: the impact of pension accounting on stock values*
    Journal of Pension Economics and Finance, 2008, 7, (3), 257-276 Downloads View citations (11)
    See also Working Paper (2008)
  2. How Did the 2003 Dividend Tax Cut Affect Stock Prices?
    Financial Management, 2008, 37, (4), 625-646 Downloads View citations (11)
    See also Working Paper (2006)

2005

  1. From the horse’s mouth: gauging conditional expected stock returns from investor surveys
    Proceedings, 2005 Downloads View citations (1)
    See also Working Paper (2005)

2003

  1. Did Pension Plan Accounting Contribute to a Stock Market Bubble?
    Brookings Papers on Economic Activity, 2003, 34, (1), 323-371 Downloads View citations (24)
    See also Working Paper (2003)

2002

  1. Reexamining Stock Valuation and Inflation: The Implications Of Analysts' Earnings Forecasts
    The Review of Economics and Statistics, 2002, 84, (4), 632-648 Downloads View citations (57)
    See also Working Paper (2001)

1995

  1. Capital market imperfections and the incentive to lease
    Journal of Financial Economics, 1995, 39, (2-3), 271-294 Downloads View citations (61)
    See also Working Paper (1994)

1994

  1. Financial Market Imperfections, Firm Leverage, and the Cyclicality of Employment
    American Economic Review, 1994, 84, (4), 1060-74 Downloads View citations (146)
    See also Working Paper (1993)

1992

  1. Market Structure and the Nature of Price Rigidity: Evidence from the Market for Consumer Deposits
    The Quarterly Journal of Economics, 1992, 107, (2), 657-680 Downloads View citations (250)
    See also Working Paper (1989)

1991

  1. Animal Spirits, Margin Requirements, and Stock Price Volatility
    Journal of Finance, 1991, 46, (2), 717-31 Downloads View citations (16)
    See also Working Paper (1990)
  2. Credit rationing, concessionary lending, and debt maturity
    Journal of Banking & Finance, 1991, 15, (3), 581-604 Downloads View citations (25)

1990

  1. Asymmetric Information, Bank Lending, and Implicit Contracts: A Stylized Model of Customer Relationships
    Journal of Finance, 1990, 45, (4), 1069-87 Downloads View citations (852)
    See also Working Paper (1989)
  2. Post-deregulation Bank-Deposit-Rate Pricing: The Multivariate Dynamics
    Journal of Business & Economic Statistics, 1990, 8, (3), 281-91 View citations (30)
 
Page updated 2021-04-18