#1992-008A "Selecting an Intermediate Target Variable for Monetary Policy When the Goal is Price Stability"
by Michael T. Belongia, and Dallas S. Batten
September 1992

Conventional investigations of the "best" intermediate target variable for monetary policy have used a single criterion: the best fit between the behavior of an aggregate and that of some goal variable such as nominal spending or the aggregate price level. Ignored in this type of study, however, is the ability of the central bank to control the behavior of the aggregate which has the best fit relative to the goal variable. More...

#1989-007A "An Admissible Monetary Aggregate for The United Kingdom"
by Michael T. Belongia, and K. Alec Chrystal


No abstract provided More...

PUBLISHED: Review of Economics and Statistics, August 1991, 73(3), pp. 497-503

#1987-009A "The U. S. Monetary Policy Regime, Interest Differentials and Dollar Exchange Rate Risk Premia"
by Michael T. Belongia, and Mack Ott


It is commonly believed that the Federal Reserve targeted money growth directly and allowed greater variation in interest rates during the October 1979-October 1982 period. Other things the same, this policy regime would be expected to increase the risk premium on the dollar exchange rate relative to a regime that attempted to reduce variations in the interest rate. More...

PUBLISHED: Journal of International Money and Finance, March 1989, 8(1), pp. 137-45

#1986-007A "The Effects of Federal Credit Programs on Farm Output"
by Michael T. Belongia, and R. Alton Gilbert


No abstract provided More...

PUBLISHED: American Journal of Agricultural Economics, August 1990, 72(3), pp. 769-73

#1986-006A "The Changing Empirical Definition of Money: Some Estimates from a Model of the Demand for Money Substitutes"
by Michael T. Belongia, and James A. Chalfant
July 1986

No abstract provided More...

PUBLISHED: Journal of Political Economy, April 1989, 97(2), pp. 387-97

#1986-005A "Commercial Bank Lending to Agriculture: A Comparison of Rural Independent Banks and Holding Company Subsidiaries"
by Michael T. Belongia, and R. Alton Gilbert
June 1986

No abstract provided More...

#1986-002A "A Note on the Temporal Stability of the Interest Rate-Weekly Money Relationship"
by Michael T. Belongia, R. W. Hafer, and Richard G. Sheehan


No abstract provided More...

PUBLISHED: Review of Economics and Statistics, August 1988, 70(3), pp. 516-20

#1985-008A "Interest-Bearing Checkable Deposits: Are They "Money"?"
by Michael T. Belongia, and James A. Chalfant


No abstract provided More...

#1985-007A "On the Importance of Being Expected: Insights to the Weekly Money Puzzle"
by Michael T. Belongia, and Richard G. Sheehan


No abstract provided More...

#1985-005B "Monetary Shocks and the Farm/Nonfarm Price Ratio: Empirical Tests of Competing Hypotheses"
by Michael T. Belongia

Revised December 1987

No abstract provided More...