#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...

#1985-004A "The Efficient Markets Hypothesis and Weekly Money: Some Contrary Evidence"
by Michael T. Belongia, and Richard G. Sheehan


No abstract provided More...

#1985-003A "A Look at the ASA-NBER Inflation Forecasts: Tests of Rationality and Formation"
by R. W. Hafer


No abstract provided More...

#1985-002B "Selecting an Intermediate Target for Monetary Policy"
by Dallas S. Batten, and Michael T. Belongia

Revised November 1987

No abstract provided More...

#1985-001A "Comparing Multi-State Kalman Filter and ARIMA Forecasts: An Application to the Money Multiplier"
by R. W. Hafer, Scott E. Hein, and Clemens J.M. Kool


This paper derives one-month ahead forecasts of the money (M I) multiplier using the Multi-State Kalman Filter and Box-Jenkins ARIMA methods. A comparison of the forecasts far the period 1980-82 reveals that the Multi-State Kalman Filter procedure was generally superior to the ARIMA procedure In terms of most summary statistics. The superiority is traced to the turbulent period of 1980-81. More...