The Changing Roles of Debt and Equity in Financing U.S. Capital Formation
The Changing Roles of Debt and Equity in Financing U.S. Capital Formation
This volume, consisting of papers presented at a conference held at Williamsburg, Va., 2-3 April 1981, is a progress report on the National Bureau of Economic Research project, The Changing Roles of Debt and Equity in Financing U.S. Capital Formation. The National Bureau has undertaken this project—including the conference, the research described in this volume, and the publication of the volume itself—with the support of the American Council of Life Insurance.
124 pages | © 1982
National Bureau of Economic Research Project Report
Economics and Business: Economics--Government Finance
Table of Contents
Acknowledgment
Introduction
Benjamin M. Friedman
1. Inflation, Resource Utilization, and Debt and Equity Returns
Patric H. Hendershott
2. Risk and Return: A New Look
Burton G. Malkiel
3. Investment Strategy in an Inflationary Environment
Zvi Bodie
4. Changing Balance Sheet Relationships in the U.S. Manufacturing Sector, 1926-77
John H. Ciccolo, Jr.
5. Private Pensions as Corporate Debt
Martin Feldstein
6. Debt and Economic Activity in the United States
Benjamin M. Friedman
List of Contributors