"Inflation Risk and Optimal Monetary Policy"
with Benjamin D. Keen and Michael R. Pakko
FORTHCOMING: Macroeconomic Dynamics
Abstract | Full Text (PDF)
"Recent Developments in Monetary Macroeconomics and U.S. Dollar Policy"
ICFAI Journal of Monetary Economics, August 2007, V(3), pp. 49-56.
"Monetary Policy, Taxes, and the Business Cycle"
with Finn E. Kydland and Michael R. Pakko
Journal of Monetary Economics, September 2007, 54(6), pp. 1587-1611.
"Gold, Fiat Money and Price Stability"
with Michael D. Bordo and Robert D. Dittmar
B.E. Journals, Topics in Macroeconomics, 2007, 7(1), Article 26.
"Inflation-Targeting, Price-Path Targeting and Indeterminacy"
with Robert D. Dittmar
Economics Letters, September 2005, 88(3), pp. 336-42.
"A Common Model Approach to Macroeconomics: Using Panel Data to Reduce Sampling Error"
with Athena T. Theodorou
Journal of Forecasting, April 2005, 24(3), pp. 203-19
"Inflation Persistence and Flexible Prices"
with Robert Dittmar and Finn E. Kydland
International Economic Review, February 2005, 46(1), pp. 245-61.
"Inflation Targeting: Why It Works and How To Make It Work Better"
Business Economics, April 2004, 39(2), pp. 30-37.
"Evaluating FOMC Forecasts"
with Rachel J. Mandal
International Journal of Forecasting, 2003, 19(4), pp. 655-67.
"Forecasting Inflation and Growth: Do Private Forecasts Match Those of Policymakers?"
with Rachel J. Mandal
Business Economics, January 2001, pp. 13-20
Reprinted in Federal Reserve Bank of St. Louis Review, May/June 2001, 83(3), pp. 11-19.
"Endogenous Money Supply and the Business Cycle"
with Finn E. Kydland
Review of Economic Dynamics, April 1999, 2(2), pp.347-69.
"Armen Alchian's Contribution to Macroeconomics"
with Jerry L. Jordan
Economic Inquiry, July 1996, 34, pp. 496-505.
"A Different Kind of Money Illusion: The Case of Long and Variable Lags"
with Michael F. Bryan
Journal of Policy Modeling, October 1994, 16, pp. 529-40.
"Zero Inflation: Transition Costs and Shoe-Leather Benefits"
with Charles T. Carlstrom
Contemporary Policy Issues, January 1993, 11, pp. 9-17.
"The Effect of Disinflationary Policies on Monetary Velocity"
with William G. Dewald
The Cato Journal, Spring/Summer 1989, 9, pp. 149-64.
"Evidence on the Random Behavior of Weekly M1 Data"
with Nicholas V. Karamouzis
Economics Letters, 1987, 22, pp. 263-67.
"Models of Inflation Expectations Formation: A Comparison of Household and Economist Forecasts. A Comment"
with Michael F. Bryan
Journal of Money, Credit, and Banking, November 1986, 18, pp. 539-44.
"Money and Inflation in a Small Model of the German Economy"
with William G. Dewald
Empirical Economics, 1982, 6, pp. 173-85.
