Refereed Publications of Professor Joe Brocato
 

• Optimal Asset Allocation over the Business Cycle  (with Steve Steed).  The Financial Review, August 1998.  Cited and reviewed in the Spring 1999 edition of the CFA Digest.

 
• Instructor's Manual for Financial Management.  Published by Prentice-Hall  Publishing, 1997.

 
• Can Market Timing Work in the Real World?  A Comment (with P. R. Chandy).  The Journal of Portfolio Management,  Spring 1995.

 
• Bank Earnings Forecast Errors: A Decomposition Analysis.  The Journal of Business Forecasting (with K. Smith and T. Burrows), vol.13, no. 3, Fall 1994.

 
• An Analysis of World Capital Market Return/Risk Ratios: A Test of Global Financial  Integration during the 1980-1991 Period.  Managerial Finance (with K. Smith and J.  Rogers).  Spring 1995, vol. 21, no.8.

 
• Does Market Timing Really Work in the Real World?  Evidence from market timers with absolutely no timing ability (with P. R. Chandy).  The Journal of Portfolio Management, Winter 1994.

 
• Stock Market Efficiency and the Federal Deficit: Another Anomaly? (with A. Darrat). The Financial Review.  February 1994.

 
• Evidence on Adjustments in Major International Stock Market Linkages over the 1980s.  Journal of Business Finance and Accounting.  July 1994.

 
• Regularities in the Data Between Major Equity Markets:  A Note on Evidence from Granger Causality Tests.  Applied Financial Economics (with K. Smith and J. Rogers).  June/July 1992.

 
• Is the Event Study Technique Useful in Analyzing Regulatory Shifts? Evidence Using the 'MayDay' Deregulation." International Journal of Finance.  Spring 1992.

 
• Evidence on the Comovement of Stock Prices within the North American Continent  (with K. Smith).  North American Review of Economics and Finance.  Winter  1992.

 
• Professional Forecast Error as a Function of a Variable Forecast Horizon:  A Decomposition Analysis (with K. Smith and R. Dabbs). The International Journal of Forecasting.  Winter 1991.

 
• Evidence on the Comovement and Linkages Among Major World Equity Markets, 1980 - 1987. International Journal of Finance.  Autumn 1990.

 
• A Cyclical Analysis of Key U. S. Financial Aggregates During a Period of   Macroeconomic Stability: 1953 - 1965 (with K. Smith).  Applied Economics. October 1991.

 
• Tests on the Rationality of Professional Business Forecasters With Changing Forecast Horizons (with K. Smith and R. Dabbs).  Quarterly Journal of Business and Economics.  Spring 1991.

 
• Individual versus Group Consensus Forecasts:  Relative Accuracy Within a Business Environment (with K. Smith and A. Kumar). Petroleum Accounting and Financial Management Journal.  Winter 1989.

 
• How Much Does Coming to Class Matter?:  Some Evidence on Class Attendance and Grade Performance.  Educational Research Quarterly, vol. 13, no. 3, 1989.

 
• Velocity and the Variability of Money Growth:  Contrary Evidence Using Granger Causality Tests (with K. Smith).  Journal of Money, Credit, and Banking,  January 1989.

 
• Individual versus Group Spot Price Forecasting in the International Petroleum Market:  A Case Study (with K. Smith and A. Kumar).  Managerial and Decision Economics.  Winter 1988.

 
• Isolating Periods of Instability in Expected Money Supply Announcements, 1977 - 1984 (with K. Smith).  Journal of Applied Business Research.  May 1988.

 
• Unanticipated Money Supply Announcements and 'Persistence' in Bank Stock PriceAdjustment (with K. Smith).  Akron Business and Economic Review.  Fall 1987.

 
• Biasedness in Expected Money Stock Announcements.  Atlantic Economic Journal. December 1987.

 
• The 1979 Federal Reserve Policy Shift:  Some Evidence Using Causality Tests. Southern Economic Journal.  July 1987.

 
• The 1979 Federal Reserve Policy Shift:  An Analysis Using Variance Decomposition. Atlantic Economic Journal.  December 1986.

 
• Persistence Under Alternative Forms of the Lucas Supply Function.  Quarterly Review of Economics and Business.  Spring 1985.  Reviewed in the Selected Abstracts section of the Journal of Economic Literature, December 1985, p.2145.)  This paper is drawn from the final chapter of my Ph.D. dissertation.

 
• Inflation, the Phillips Curve and the Illusion of Relative Prices.  In Great Ideas in Teaching Economics, 2nd ed., January 1984 and 3rd ed., March 1987.  Edited by R. Byrns & G. Stone: Scott, Foresman & Co.

 
• How Can We Best Achieve our Macroeconomic Goals?" Proceedings of the Southwestern Economics Association.  March 1984.

 
• Industrial Technology Transfer for Regional Development in the Lower Rio Grande Valley/Reynosa Borderlands," (with M. Rosenfeldt). Proceedings of the North American Economics and Finance Association.  December 1982, (in conjunction with the American Economic Association).