Chris Neely

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General equilibrium models of international fluctuations which assume complete asset markets predict that consumption will be highly correlated across countries, while the data display correlations which are rather low. It is common to characterize this empirical regularity by noting that cross-country consumption correlations tend to be lower than(More)
In this paper, we analyze the usefulness of technical analysis, specifically the widely employed moving average trading rule from an asset allocation perspective. We show that, when stock returns are predictable, technical analysis adds value to commonly used allocation rules that invest fixed proportions of wealth in stocks. When uncertainty exists about(More)
This paper proposes a framework to gauge the degree of volatility transmission among international stock markets by deriving tests for conditional independence among daily volatility measures. We suppose only that asset prices follow a multivariate jump-diffusion process, though we make no parametric assumption on the functional form of the drift,(More)
Gamete recognition in the mouse is mediated, in part, by the binding of sperm surface galactosyltransferase (GalTase) to appropriate substrates in the egg zona pellucida. In this paper, sperm GalTase is shown to be an externally oriented, integral plasma membrane component. GalTase is not peripherally adsorbed to the cell surface, nor is it bound to cell(More)
What is the role of monetary policy fluctuations for macroeconomic uncertainty and nominal bond risks? To answer this question we develop a structurally motivated asset-pricing framework which incorporates the flexible dynamics of a timevarying Taylor rule and macroeconomic factors, and risk pricing restrictions that arise from recursive preferences. In our(More)
ince the end of World War 11, economies around the world have been plagued by historically high and persistent inflation. This raises a question: If inflation is socially undesirable, why do policymakers produce it? One explanation is that discretionary monetary policy may lead to an inflationary bias. This explanation is based on the “time-inconsistency”(More)
The tumor-suppressor p53 is a transcription factor that regulates a number of genes in the process of cell-cycle inhibition, apoptosis, and DNA damage. Recent studies have revealed a crucial role for p53 in bone remodeling. In our previous studies we have shown that p53 is an important regulator of osteoblast differentiation. In this study we investigated(More)
Nursing faculty role is the synthesis of theory, education, practice, and research within a school of nursing environment. This model of nursing faculty role presents a synthesis and implementation of professional nurse role that nursing faculty might use to systematically meet the goals of developing nursing theory based on clinical practice, redefining(More)
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