Best Selling Books by David Bellamy

The David Bellamy Papers are primarily concerned with the controversy surrounding the authorship of the Pledge of Allegiance to the Flag. Originally drafted in 1892 for a nation-wide Columbus Day Celebration, at the time the Pledge was written no specific individual was credited with its authorship. Rather, in reference to the magazine which sponsored the initial program, it became known as the "Youth''s Companion Flag Pledge". As the Pledge gained fame many were eager to claim credit for its authorship; however the controversy focused primarily on two individuals--James Upham and Francis Bellamy. The latter''s claim was supported by his son, David Bellamy, who spent a number of years substantiating his father''s claim and gaining public recognition for him as author of the Pledge. The collection consists of affidavits, articles, reports and correspondence which were gathered through David Bellamy''s successful efforts to establish the authenticity of his father''s claim. Included also is publicity and memorial information which attributes the authorship of the Pledge to Francis Bellamy.

This paper focuses on the time changing nature of the Australian equity market risk premium. The literature identifies a set of explanatory variables including yield curve slope, interest rate level, dividend yield and two measures of return volatility which may explain how the risk premium in equity market returns changes over time. A GARCH-M model using daily Australian is used in statistical tests. Volatility variables exhibit some explanatory power over the equity premium though this appears isolated to the post-crash period. The remaining explanatory variables provide little significant explanatory power. The model of time changing variance includes a GARCH process and an exogenous variable, implied volatility, which are statistically significant and of the expected sign. This is consistent with the possibility that these two sources of volatility predictions are useful in explaining changes in the variance of the equity risk premium.