Stephen A. Ross

Research topics

• Financial Markets and Investment Strategies · 2 papers
• Credit Risk and Financial Regulations · 1 paper
• Stochastic processes and financial applications · 1 paper
• Monetary Policy and Economic Impact · 1 paper
• Market Dynamics and Volatility · 1 paper

Frequent co-authors

• John C. Cox · 1 paper
• Jonathan E. Ingersoll · 1 paper
• Nai‐Fu Chen · 1 paper
• Richard W. Roll · 1 paper

Papers

1. A Theory of the Term Structure of Interest RatesEconometrica · 1985 · 8,583 citations

   This paper uses an intertemporal general equilibrium asset pricing model to study the term structure of interest rates. In this model, anticipations, risk aversion, investment alternatives, and preferences about the timing of consumption all play a role in determining bond…

2. Economic Forces and the Stock MarketThe Journal of Business · 1986 · 5,407 citations

   This paper tests whether innovations in macroeconomic variables are risks that are rewarded in the stock market. Financial theory suggests that the following macroeconomic variables should systematically affect stock market returns: the spread between long and short interest rates, expected…