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Show Results For
- All HBS Web
(262)
- News (47)
- Research (195)
- Multimedia (1)
- Faculty Publications (69)
- 13 Apr 2010
- First Look
First Look: April 13
Interest Rates Author:Luis M. Viceira Publication:International Journal of Forecasting (forthcoming) Abstract This paper explores time variation in bond risk, as measured by the covariation of View Details
Keywords: Martha Lagace
- 01 Jun 2012
- News
Ideas
universalities in the decisions that founders faced. He also saw that the “fundamental implications of those decisions were getting the start-ups into trouble down the road.” More Case Study: Good as Our Word For most of the 20th century, three View Details
- 01 Dec 2009
- News
An Action Plan for Economic Recovery
confidence in credit rating agencies? The first thing Congress did in 2006 was to boost competition. We now have nine approved rating agencies instead of three. However, if you are a View Details
- 01 Mar 2009
- News
Just Keep Our Money
idea of “paying themselves first” by precommitting a portion of their refund to savings. U.S. savings bonds hold particular appeal among low- and middle-income families. Savings rates at tax-preparation... View Details
- 22 May 2007
- First Look
First Look: May 22, 2007
innovation, organizations' designs, and the nature of organizational adaptation. Download the paper: http://www.hbs.edu/research/pdf/07-087WP.pdf Bond Risk, Bond Return Volatility, and the Term Structure of... View Details
Keywords: Martha Lagace
- 01 Mar 2003
- News
Fighting Back from a Knockout
bit of tarnish. Thanks to years of mismanagement by the administration he was voted to replace, Cranston’s bond rating was reduced to B, the lowest of any municipality in America. In an opinion piece in the... View Details
- 22 Mar 2011
- First Look
First Look: March 22
Abstract This paper decomposes the excess return predictability in inflation-indexed and nominal government bonds into effects from liquidity, market segmentation, real interest rate risk, and inflation... View Details
Keywords: Sean Silverthorne
- 01 Dec 2002
- News
Mary Callahan Erdoes
questions early and often. Are bonds a good bet for those who want to reduce their reliance on equities? I have a lot of sympathy for those who are just getting into bonds now, but I still believe they... View Details
Keywords: Deborah Blagg
- 15 Oct 2013
- First Look
First Look: October 15
economic reasons. The conventional wisdom is that politically motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that projects that... View Details
Keywords: Sean Silverthorne
- 09 Jan 2006
- Research & Ideas
Rebuilding Commercial Real Estate
viewed as a new asset class that competes with stocks and bonds for investment capital. It earned that newfound status on the strength of market-stabilizing structural changes that took root after the last crash. "Everything we do... View Details
- 21 Jan 2014
- First Look
First Look: January 21
duration function as large-scale shocks to the quantity of interest rate risk that must be borne by professional bond investors. I develop a simple model in which the risk tolerance of View Details
Keywords: Sean Silverthorne
- 01 Dec 2005
- News
Trillion-Dollar Fixer-Upper
knowledge that the industry today bears little resemblance to the industry of the late 1980s. In fact, real estate now is widely viewed as a new asset class that competes with stocks and bonds for investment capital. It earned that... View Details
- 07 May 2013
- First Look
First Look: May 7
decomposes excess return predictability in U.S. and U.K. inflation-indexed and nominal government bonds. We find that nominal bonds reflect time-varying inflation and real rate risk premia, while... View Details
Keywords: Carmen Nobel
- 10 Jan 2012
- First Look
First Look: January 10
interest rate risk premium and a changing liquidity risk premium, and that the variability in the nominal bond risk premia reflects a changing inflation risk premium. We estimate significant time series... View Details
Keywords: Sean Silverthorne
- 24 Apr 2014
- News
From venture capitalist to 'compassionate capitalist'
through social impact bonds. “Social impact bonds enable a social organization to raise capital for preventive action, to establish a track record of social performance and to be paid for that social performance at a View Details
- 08 Oct 2013
- First Look
First Look: October 8
differential between inflation-indexed and nominal bond yields, we separately test for time-varying real rate risk premia, inflation risk premia, and liquidity premia in U.S. and U.K. View Details
Keywords: Sean Silverthorne
- 11 Apr 2017
- First Look
First Look at New Research, April 11
theoretical and empirical investigation of the risks of globally diversified portfolios of stocks and bonds and of optimal intertemporal global portfolio choice for long horizon investors in the presence of permanent cash flow shocks and... View Details
- 21 Dec 2009
- Research & Ideas
Good Banks, Bad Banks, and Government’s Role as Fixer
did in 2006 was to boost competition. We now have nine approved rating agencies instead of three. However, if you are a bond issuer and you don't like what one rating agency... View Details
- 10 Feb 2009
- First Look
First Look: February 10, 2009
Working PapersInflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds Authors:John Y. Campbell, Adi Sunderam, and Luis M. Viceira Abstract The covariance between U.S. Treasury bond returns... View Details
Keywords: Martha Lagace
- 15 Jul 2008
- First Look
First Look: July 15, 2008
structured finance instruments can be characterized as economic catastrophe bonds but offer far less compensation than alternatives with comparable payoff profiles. We argue that this difference arises from the willingness of View Details
Keywords: Martha Lagace