Details about Craig S. Hakkio

Access statistics for papers by Craig S. Hakkio.

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Short-id: pha431

Working Papers

1996

1. The Distribution of Exchange Rates in the EMS
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
   Also in Research Working Paper, Federal Reserve Bank of Kansas City (1994) View citations (12)
   See also Journal Article in International Journal of Finance & Economics (1996)

1995

2. Exchange rates in the long run
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)

1994

3. Monetary policy without intermediate targets: Federal Reserve policy since 1983
   Research Working Paper, Federal Reserve Bank of Kansas City

1993

4. The marginal income tax rate schedule from 1930 to 1990
   Research Working Paper, Federal Reserve Bank of Kansas City
   See also Journal Article in Journal of Monetary Economics (1996)

1992

5. Monetary transmission channels in major foreign industrial countries: a comment
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (2)

1991

6. A comment on William Poole's paper, "Exchange rate management and monetary policy mismanagement: a study of Germany, Japan, United Kingdom, and United States after Plaza."
   Research Working Paper, Federal Reserve Bank of Kansas City
7. The international role of the dollar
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (2)

1990

8. An equilibrium model of spot and forward exchange rates
   Research Working Paper, Federal Reserve Bank of Kansas City
9. Cointegration: how short is the long run?
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (19)
   See also Journal Article in Journal of International Money and Finance (1991)
10. Real and nominal exchange rates since 1919
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)

1989

11. Exchange rates in the 1980s
    Research Working Paper, Federal Reserve Bank of Kansas City
12. The effect of marginal tax rates on GNP: 1931 to 1985
    Research Working Paper, Federal Reserve Bank of Kansas City

1987

13. How real is the "real exchange rate?"
    Research Working Paper, Federal Reserve Bank of Kansas City
14. Market efficiency and cointegration
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (22)

1986

15. Co-integration and the government's budget deficit
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (2)
16. Error correction, forward-looking behavior, and dynamic international money demand
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)
17. Exchange rates and discount rate changes
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (2)

1982

18. A Reexamination of Purchasing Power Parity: A Multicountry and Multiperiod Study
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

1981

19. Exchange Rate Determination and the Demand for Money
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article in The Review of Economics and Statistics (1982)

1980

20. Expectations and the Forward Exchange Rate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article in International Economic Review (1981)
21. The Term Structure of the Forward Premium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science (1979)
    See also Journal Article in Journal of Monetary Economics (1981)

Journal Articles

2006

1. Social Security and Medicare: the impending fiscal challenge
   Economic Review, 2006, (Q I), 7-41

2001

2. Economic policy for the information economy: a summary of the Bank's 2001 Economic Symposium
   Economic Review, 2001, (Q IV), 5-27
   Also in Proceedings, 2001, xxii-xxxxi (2001)

2000

3. The discount window: time for reform?
   Economic Review, 2000, (Q II), 1-20 View citations (2)

1996

4. The Distribution of Exchange Rates in the EMS
   International Journal of Finance & Economics, 1996, 1, (1), 55-67 View citations (19)
   See also Working Paper (1996)
5. The effects of budget deficit reduction on the exchange rate
   Economic Review, 1996, (Q III), 21-38 View citations (3)
6. The marginal income tax rate schedule from 1930 to 1990
   Journal of Monetary Economics, 1996, 38, (1), 117-138
   See also Working Paper (1993)

1995

7. The Foreign Exchange Risk Premium: Is It Real?
   Journal of Money, Credit and Banking, 1995, 27, (2), 301-17 View citations (1)
8. The U.S. current account: the other deficit
   Economic Review, 1995, (Q III), 11-24

1994

9. A temporary solution to a problem with temporary variable names
   Stata Technical Bulletin, 1994, 3, (17) View citations (9)
10. Approximate p-values for unit root and cointegration tests
    Stata Technical Bulletin, 1994, 3, (17) View citations (1)
11. Should we throw sand in the gears of financial markets?
    Economic Review, 1994, (Q II), 17-30 View citations (5)

1993

12. Exchange rate regimes and volatility
    Economic Review, 1993, (Q III), 43-58 View citations (4)

1992

13. Discount rate policy under alternative operating procedures: An empirical investigation
    International Review of Economics & Finance, 1992, 1, (1), 55-72 View citations (8)
14. Exchange-rate management and monetary-policy mismanagement: A study of Germany, Japan, United Kingdom, and United States after plaza: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1992, 36, (1), 93-104
15. Is purchasing power parity a useful guide to the dollar?
    Economic Review, 1992, (Q III), 37-51 View citations (2)

1991

16. Cointegration: how short is the long run?
    Journal of International Money and Finance, 1991, 10, (4), 571-581 View citations (69)
    See also Working Paper (1990)
17. Is the Budget Deficit "Too Large?"
    Economic Inquiry, 1991, 29, (3), 429-45 View citations (109)

1990

18. A note on physical depreciation and the capital accumulation process
    Journal of Development Economics, 1990, 34, (1-2), 385-395 View citations (1)
19. Interpreting an Error Correction Model: Partial Adjustment, Forward-Looking Behaviour, and Dynamic International Money Demand
    Journal of Applied Econometrics, 1990, 5, (1), 29-46 View citations (3)
20. The probability of technical success and R&D appraisal
    Resources and Energy, 1990, 11, (2), 159-175

1989

21. Europe 1992: implications for U.S. firms
    Economic Review, 1989, (Apr), 3-17
22. Market efficiency and cointegration: an application to the sterling and deutschemark exchange markets
    Journal of International Money and Finance, 1989, 8, (1), 75-88 View citations (30)

1987

23. Has the dollar fallen enough?
    Economic Review, 1987, (Jul), 24-41

1986

24. Does the exchange rate follow a random walk? A Monte Carlo study of four tests for a random walk
    Journal of International Money and Finance, 1986, 5, (2), 221-229 View citations (14)
25. Interest rates and exchange rates--what is the relationship?
    Economic Review, 1986, (Nov), 33-43 View citations (1)
26. Intertemporal asset pricing and the term structures of exchange rates and interest rates: The eurocurrency market
    European Economic Review, 1986, 30, (2), 325-344

1985

27. Conditional variance and the risk premium in the foreign exchange market
    Journal of International Economics, 1985, 19, (1-2), 47-66 View citations (77)
28. Costs and benefits of reducing inflation
    Economic Review, 1985, (Jan), 3-15 View citations (1)
29. Is the United States too dependent on foreign capital?
    Economic Review, 1985, (Jun), 23-36
30. The Reaction of Exchange Rates to Economic News
    Economic Inquiry, 1985, 23, (4), 621-36 View citations (27)
31. The U. S. dollar: recent developments, outlook, and policy options
    Economic Review, 1985, (Sep), 3-15

1984

32. A re-examination of purchasing power parity: A multi-country and multi-period study
    Journal of International Economics, 1984, 17, (3-4), 265-277 View citations (24)
33. Exchange rate volatility and Federal Reserve policy
    Economic Review, 1984, (Jul), 18-31

1982

34. Exchange Rate Determination and the Demand for Money
    The Review of Economics and Statistics, 1982, 64, (4), 681-86 View citations (1)
    See also Working Paper (1981)

1981

35. Expectations and the Forward Exchange Rate
    International Economic Review, 1981, 22, (3), 663-78 View citations (8)
    See also Working Paper (1980)
36. The term structure of the forward premium
    Journal of Monetary Economics, 1981, 8, (1), 41-58 View citations (7)
    See also Working Paper (1980)

1980

37. Country-specific and time-specific factors in the demand for international reserves
    Economics Letters, 1980, 5, (1), 75-80