An empirical reconciliation of the Miller model and the generalized capital structure models

Article Abstract:

Miller's (1977) capital structure model is shown to be compatible with the generalized capital structure models introduced between 1970 and 1985 by using time series techniques to differentiate between long-run tendencies and short-run dynamics. It is demonstrated that the Miller model represents a long-run equilibrium, covering the period 1970-85, since deviations from its equilibrium returns to an almost-zero mean.

Models, Equilibrium (Economics), Capital

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Are TIPS the "real" deal?: a conditional assessment of their role in a nominal portfolio

Article Abstract:

The bivariate GARCH methodology is used to examine the time-varying correlations between US Treasury Inflation Protected Securities and nominal bonds returns.

Inflation-indexed bonds, Inflation indexed bonds

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Relative default rates on corporate loans and bonds

Article Abstract:

The variations in loan and bond default rates among non-financial corporate issuers in United States are examined.

Commodity & service prices, Prices and rates, Bank loans, Company pricing policy

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