… See Laatsch and Schwarz (1988) for a summary of the early studies as well as the
bibliography at the end of this paper. … Laatsch is an Assistant Professor of Finance at …

This paper studies US Government issued inflation-indexed bonds, known by the acronym
TIPS (Treasury Inflation-Protected Securities). We test whether changes in nominal interest …

… Using Laatsch and Klein's formula for pricing TIPS bonds, we have demonstrated the (expected)
results that TIPS bonds have zero sensitivity to changes solely in expected inflation (ie, …

The effects of stock index futures trading on returns of the index component stocks (and on
stocks in general) is of concern to market participants, regula

This article quantifies the effect of taxes on the magnitude and variability of cash flows from
taxable retirement portfolios. While previous research focuses on pretax cash flows, this …

Presents an after-tax pricing formula that can be applied to total return swaps, particularly
equity swaps. Cause of the differential tax treatment of swaps, dividends and capital gains; …

We propose a total return equity swap between an issuer and an underwriter to mitigate the
asymmetric information problem and resulting IPO mispricing modeled by Baron (1982). …

The role that defined contribution pension plans and, in particular, 401 (k) retirement plans
play in retirement planning for Americans is of current interest to the US Congress, to …

This paper examines the relationship between estimates of expected inflation derived from
analysis of Treasury Inflation Protected Securities (TIPS) bonds and inflation estimates …

We investigate the causal relationships between volatility implied in Major Market Index (MMI)
options and its component stocks' options from January, 1987 to October, 1989. We find …