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Winnick's Case for a Changing Attitude Toward Housing: Comment

Jack Guttentag
Quarterly Journal of Economics 1956 70(2), 314
Journal Article Winnick's Case for a Changing Attitude Toward Housing: Comment Get access Jack Guttentag Jack Guttentag Federal Reserve Bank of New York Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 70, Issue 2, May 1956, Pages 314–319, https://doi.org/10.2307/1884271 Published: 01 May 1956

The Strategy of Open Market Operations

Jack M. Guttentag
Quarterly Journal of Economics 1966 80(1), 1
I. The concept of open market strategy, 2. — II. The money market strategy, 3. — III. Recommendations for procedural change, 20 — IV. Recent tendencies in open market strategy, 26. — V. Concluding comment, 30.

Defensive and Dynamic Open Market Operations, Discounting, and the Federal Reserve System's Crisis-Prevention Responsibilities

Jack M. Guttentag
Journal of Finance 1969 24(2), 249
Jack M. Guttentag, Defensive and Dynamic Open Market Operations, Discounting, and the Federal Reserve System's Crisis-Prevention Responsibilities, The Journal of Finance, Vol. 24, No. 2, Papers and Proceedings of the Twenty-Seventh Annual Meeting of the American Finance Association Chicago, Illinois December 28-30, 1968 (May, 1969), pp. 249-263

Credit Rationing and Financial Disorder

Jack Guttentag; Richard Herring
Journal of Finance 1984 39(5), 1359-1382
We develop a model of lender behavior in the presence of default risk and moral hazard that determines default premiums and identifies the conditions under which borrowers are rationed. A hypothesis regarding a cognitive bias in the formation of expectations provides a dynamic component to our analysis and allows us to explain how an economy becomes vulnerable to a financial crisis and why vulnerability may increase over time.