Details about Stephen M. Miller

E-mail:
Homepage:	http://www.unlv.edu/faculty/smiller/
Phone:	702-895-3969
Postal address:	Department of Economics College of Business University of Nevada, Las Vegas 4505 S. maryland Parkway, Box 456005 Las Vegas, NV 89154-6005
Workplace:	Department of Economics, University of Nevada-Las Vegas, (more information at EDIRC) Department of Economics, University of Connecticut, (more information at EDIRC)

Access statistics for papers by Stephen M. Miller.

Last updated 2008-08-20. Update your information in the RePEc Author Service.

Short-id: pmi16

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Working Papers

2008

1. Cross-Country Evidence on Output Growth Volatility: Nonstationary Variance and GARCH Models
   Working papers, University of Connecticut, Department of Economics View citations
2. Geographic Deregulation and Commercial Bank Performance in US State Banking Markets
   Working papers, University of Connecticut, Department of Economics
3. Is the Great Moderation Ending? UK and US Evidence
   Working papers, University of Connecticut, Department of Economics

2007

4. A General Schema for Optimal Monetary Policymaking: Objectives and Rules
   Working papers, University of Connecticut, Department of Economics
5. Cost Improvements, Returns to Scale, and Cost Inefficiencies for Real Estate Investment Trusts
   Working papers, University of Connecticut, Department of Economics
6. MBA Program Reputation And Quantitative Rankings: New Information for Students, Employers, And Program Administrators
   Working papers, University of Connecticut, Department of Economics
7. Quantile Inferences for Inflation and Its Variability: Does a Threshold Inflation Rate Exist?
   Working papers, University of Connecticut, Department of Economics
8. The Great Moderation and the Relationship between Output Growth and Its Volatility
   Working papers, University of Connecticut, Department of Economics
9. Total Factor Productivity and Monetary Policy: Evidence from Conditional Volatility
   Working papers, University of Connecticut, Department of Economics
   See Also Journal Article in International Finance (2007)

2006

10. Consumption Asymmetry and the Stock Market: Empirical Evidence
    Working papers, University of Connecticut, Department of Economics View citations
    See Also Journal Article in Economics Letters (2006)
11. Monetary Policy, Exchange Rate Overshooting, and Endogenous Physical Capital
    Working papers, University of Connecticut, Department of Economics
12. The Making of Optimal and Consistent Policy: An Analytical Framework for Monetary Models
    Working papers, University of Connecticut, Department of Economics View citations
13. The Making of Optimal and Consistent Policy: An Implementation Theory Framework for Monetary Policy
    Working papers, University of Connecticut, Department of Economics View citations
14. The Walsh Contracts for Central Bankers Are Optimal After All!
    Working papers, University of Connecticut, Department of Economics

2005

15. An 'Ideal' Decomposition of Industry Dynamics: An Application to the Nationwide and State Level U.S. Banking Industry
    Working papers, University of Connecticut, Department of Economics View citations
    Also in
    Working papers, University of Connecticut, Department of Economics (2002)
16. Bank Performance: Market Power or Efficient Structure?
    Working papers, University of Connecticut, Department of Economics View citations
17. Consistent Targets and Optimal Monetary Policy: A Note
    Working papers, University of Connecticut, Department of Economics View citations
18. Consumption asymmetry and the stock market: New evidence through a threshold adjustment model
    Working papers, University of Connecticut, Department of Economics View citations
19. Does Exchange Rate Risk Affect Exports Asymmetrically? Asian Evidence
    Working papers, University of Connecticut, Department of Economics
20. Economies of Scale and Cost Efficiencies: A Panel-Data Stochastic-Frontier Analysis of Real Estate Investment Trusts
    Working papers, University of Connecticut, Department of Economics
    See Also Journal Article in Manchester School (2006)
21. Equity Markets, the Money Market, and Long-Run Monetary Neutrality
    Working papers, University of Connecticut, Department of Economics
22. Export Promotion through Exchange Rate Policy: Exchange Rate Depreciation or Stabilization?
    Working papers, University of Connecticut, Department of Economics
23. Has Deregulation Affected Births, Deaths, and Marriages in the U.S. Commercial Banking Industry?
    Working papers, University of Connecticut, Department of Economics
    Also in
    Working papers, University of Connecticut, Department of Economics (2002) View citations
24. Inflation Targeting and Output Growth: Empirical Evidence for the European Union
    IMF Working Papers, International Monetary Fund
25. Inflation Targeting and Output Growth: Evidence from Aggregate European Data
    Working papers, University of Connecticut, Department of Economics
26. Performance Evaluation of the New Connecticut Leading Employment Index Using Lead Profiles and BVAR Models
    Working papers, University of Connecticut, Department of Economics
    Also in
    Working papers, Centre for Development Economics, Delhi School of Economics (2003)
    See Also Journal Article in Journal of Forecasting (2006)
27. Resurrecting the Wealth Effect on Consumption: Further Analysis and Extension
    Working papers, University of Connecticut, Department of Economics

2004

28. Consumption Asymmetry and the Stock Market: Further Evidence
    Working papers, University of Connecticut, Department of Economics
29. Exchange rate depreciation and exports: The case of Singapore revisited
    Working papers, University of Connecticut, Department of Economics View citations
    See Also Journal Article in Applied Economics (2007)
30. Explaining Economic Growth: Factor Accumulation, Total Factor Productivity Growth, and Production Efficiency Improvement
    Working papers, University of Connecticut, Department of Economics
31. Foreign and Domestic Bank Performances: An Ideal Decomposition of Industry Dynamics
    Working papers, University of Connecticut, Department of Economics
    Also in
    Working papers, University of Connecticut, Department of Economics (2002)
32. The Geographic Distribution of the Size and Timing of Monetary Policy Actions
    Working papers, University of Connecticut, Department of Economics
33. The Value of Waiting: Foreign Direct Investment with Uncertainty and Imperfect Local Knowledge
    Working papers, University of Connecticut, Department of Economics

2003

34. Do Foreign Bank Operations Provide a Stabilizing Influence in Korea?
    Working papers, University of Connecticut, Department of Economics
    See Also Journal Article in The Quarterly Review of Economics and Finance (2006)
35. MBA Program Reputation: Objective Rankings for Students, Employers and Program Administrators
    Working papers, University of Connecticut, Department of Economics View citations
36. Macroeconomic Rationality and Lucas' Misperceptions Model: Further Evidence from Forty-One Countries
    Working papers, University of Connecticut, Department of Economics
37. The Real Exchange Rate in Small Open Developed Economies: Evidence from Cointegration Analysis
    Working papers, University of Connecticut, Department of Economics
    See Also Journal Article in The Economic Record (2004)

2002

38. Bank Concentration and Performance
    Working papers, University of Connecticut, Department of Economics View citations
39. Central Banker Contracts, Incomplete Information, and Monetary Policy Surprises: In Search of a Selfish Central Banker?
    Working papers, University of Connecticut, Department of Economics
    See Also Journal Article in Public Choice (2003)
40. Currency Depreciation and Korean Stock Market Performance during the Asian Financial Crisis
    Working papers, University of Connecticut, Department of Economics
41. Dynamic Effects of Currency Depreciation on Stock Market Returns during the Asian Financial Crisis
    Working papers, University of Connecticut, Department of Economics View citations
42. Explaining U.S. Commercial Bank Births, Deaths, and Marriages
    Working papers, University of Connecticut, Department of Economics
43. Optimal Central Banker Contracts and Common Agency
    Working papers, University of Connecticut, Department of Economics
    See Also Journal Article in Public Choice (2004)
44. The Effect of the Asian Financial Crisis on the Performance of Korean Nationwide Banks
    Working papers, University of Connecticut, Department of Economics
    See Also Journal Article in Applied Financial Economics (2004)
45. The Performance of Domestic and Foreign Banks: The Case of Korea and the Asian Financial Crisis
    Working papers, University of Connecticut, Department of Economics
46. The Relationship between Large Fiscal Adjustments and Short-Term Output Growth Under Alternative Fiscal Policy Regimes
    Working papers, University of Connecticut, Department of Economics View citations
    See Also Journal Article in Contemporary Economic Policy (2003)
47. Total Factor Productivity, Human Capital and Outward Orientation: Differences by Stage of Ddevelopment and Geographic Regions
    Working papers, University of Connecticut, Department of Economics View citations

2001

48. Deregulation and Structural Change in the U.S. Commercial Banking Industry
    Working papers, University of Connecticut, Department of Economics
    See Also Journal Article in Eastern Economic Journal (2003)

2000

49. Monetary Policy Delegation, Contract Costs, and Contract Targets
    Working papers, University of Connecticut, Department of Economics View citations
    See Also Journal Article in Bulletin of Economic Research (2003)
50. The Long-Run Relationship between Money, Nominal GDP, and the Price Level in Venezuela: 1950 to 1996
    Working papers, University of Connecticut, Department of Economics
51. Transfer Pricing in the Decentralized Multinational Corporation
    Working papers, University of Connecticut, Department of Economics

1999

52. A Model of Endogenous Union Density and Membership
    Working papers, University of Connecticut, Department of Economics
53. Crowding-Out and Crowding-In Effects of the Components of Government Expenditure
    Working papers, University of Connecticut, Department of Economics View citations
    See Also Journal Article in Contemporary Economic Policy (2000)
54. The Level of Development and the Determinants of Productivity Growth
    Working papers, University of Connecticut, Department of Economics View citations

1998

55. The Perception of Government Bonds and Money as Net Wealth: An Integrated Approach
    Working papers, University of Connecticut, Department of Economics
    See Also Journal Article in Eastern Economic Journal (1998)

1997

56. Monetary Policy in a Portfolio Balance Model with Endogenous Physical Capital
    Working papers, University of Connecticut, Department of Economics
57. The Effects of Trade Orientation and Human Capital on Total Factor Productivity
    Working papers, University of Connecticut, Department of Economics View citations

1996

58. Monetary and Exchange Rate Policy in Multisectorial Economies
    Working papers, University of Connecticut, Department of Economics View citations
    See Also Journal Article in Journal of Economics and Business (1997)
59. Teaching Time Preference and Human Impatience: The Billionaire Game
    Working papers, University of Connecticut, Department of Economics
60. Using Leading Indicators to Forecast US Home Sales in a Bayesian VAR Framework
    Working papers, University of Connecticut, Department of Economics

1995

61. Explaining Recent Connecticut Bank Failures
    Working papers, University of Connecticut, Department of Economics
62. Forecasting and Analyzing Economic Activity with Coincident and Leading Indexes: The Case of Connecticut
    Working papers, University of Connecticut, Department of Economics View citations

1993

63. Fiscal Structures and Economic Growth: International Evidence
    Macroeconomics, EconWPA View citations
    See Also Journal Article in Economic Inquiry (1997)

Journal Articles

2007

1. BIRTHS, DEATHS, AND MARRIAGES IN THE U.S. COMMERCIAL BANKING INDUSTRY
   Economic Inquiry, 2007, 45, (2), 325-341
2. Exchange rate depreciation and exports: the case of Singapore revisited
   Applied Economics, 2007, 39, (3), 273-277
   See Also Working Paper (2004)
3. The Walsh contract for central bankers proves optimal after all!
   Public Choice, 2007, 131, (1), 243-247
4. Total Factor Productivity and Monetary Policy: Evidence from Conditional Volatility*
   International Finance, 2007, 10, (2), 131-152
   See Also Working Paper (2007)

2006

5. Consumption asymmetry and the stock market: Empirical evidence
   Economics Letters, 2006, 93, (3), 337-342
   See Also Working Paper (2006)
6. Do foreign bank operations provide a stabilizing influence in Korea?
   The Quarterly Review of Economics and Finance, 2006, 46, (1), 82-109 View citations
   See Also Working Paper (2003)
7. ECONOMIES OF SCALE AND COST EFFICIENCIES: A PANEL-DATA STOCHASTIC-FRONTIER ANALYSIS OF REAL ESTATE INVESTMENT TRUSTS
   Manchester School, 2006, 74, (4), 483-499 View citations
   See Also Working Paper (2005)
8. Export Promotion through Exchange Rate Changes: Exchange Rate Depreciation or Stabilization
   Southern Economic Journal, 2006, 72, (3), 611-626 View citations
9. Performance evaluation of the New Connecticut Leading Employment Index using lead profiles and BVAR models
   Journal of Forecasting, 2006, 25, (6), 415-437
   See Also Working Paper (2005)

2004

10. Macroeconomic rationality and Lucas' misperceptions model: further evidence from 41 countries
    Journal of Economics and Business, 2004, 56, (3), 227-241
11. Optimal Central Banker Contracts and Common Agency
    Public Choice, 2004, 121, (1), 131-155
    See Also Working Paper (2002)
12. The Real Exchange Rate in Small, Open, Developed Economies: Evidence from Cointegration Analysis
    The Economic Record, 2004, 80, (248), 76-88 View citations
    See Also Working Paper (2003)
13. The effect of the Asian financial crisis on the performance of Korean nationwide banks
    Applied Financial Economics, 2004, 14, (5), 351-360 View citations
    See Also Working Paper (2002)

2003

14. Central Banker Contracts, Incomplete Information, and Monetary Policy Surprises: In Search of a Selfish Central Banker?
    Public Choice, 2003, 116, (3-4), 271-95 View citations
    See Also Working Paper (2002)
15. Deregulation and Structural Change in the U.S. Commercial Banking Industry
    Eastern Economic Journal, 2003, 29, (3), 391-414 View citations
    See Also Working Paper (2001)
16. Monetary Policy Delegation, Contract Costs and Contract Targets
    Bulletin of Economic Research, 2003, 55, (1), 101-112 View citations
    See Also Working Paper (2000)
17. The Relationship between Large Fiscal Adjustments and Short-Term Output Growth under Alternative Fiscal Policy Regimes
    Contemporary Economic Policy, 2003, 21, (1), 41-58 View citations
    See Also Working Paper (2002)

2002

18. The Level of Development and Growth Determinants of Productivity Growth: A Cross-Country Analysis
    Applied Economics, 2002, 34, (9), 1089-95
19. Total factor productivity and the convergence hypothesis
    Journal of Macroeconomics, 2002, 24, (2), 267-286 View citations

2001

20. Book Review: Business Cycles: Duration, Dynamics, and Forecasting
    Indian Economic Review, 2001, 36, (1), 301-303
21. Productivity growth in large US commercial banks: The initial post-deregulation experience
    Journal of Banking & Finance, 2001, 25, (5), 913-939 View citations

2000

22. Crowding-Out and Crowding-In Effects of the Components of Government Expenditure
    Contemporary Economic Policy, 2000, 18, (1), 124-33 View citations
    See Also Working Paper (1999)
23. The effects of openness, trade orientation, and human capital on total factor productivity
    Journal of Development Economics, 2000, 63, (2), 399-423 View citations

1999

24. Using Leading Indicators to Forecast U.S. Home Sales in a Bayesian Vector Autoregressive Framework
    The Journal of Real Estate Finance and Economics, 1999, 18, (2), 191-205 View citations

1998

25. The Perception of Government Bonds and Money as Net Wealth: An Integrated Approach
    Eastern Economic Journal, 1998, 24, (4), 435-448
    See Also Working Paper (1998)

1997

26. Fiscal Structures and Economic Growth: International Evidence
    Economic Inquiry, 1997, 35, (3), 603-13 View citations
    See Also Working Paper (1993)
27. Monetary and exchange rate policy in multisectoral economies
    Journal of Economics and Business, 1997, 49, (4), 321-334 View citations
    See Also Working Paper (1996)
28. Portfolio Mix and Large-Bank Profitability in the USA
    Applied Economics, 1997, 29, (4), 505-12 View citations

1996

29. A Note on Cross-Country Growth Regressions
    Applied Economics, 1996, 28, (8), 1019-26 View citations
30. Do federal deficits affect interest rates? Evidence from three econometric methods
    Journal of Macroeconomics, 1996, 18, (3), 403-428 View citations
31. Forecasting Connecticut Home Sales in a BVAR Framework Using Coincident and Leading Indexes
    The Journal of Real Estate Finance and Economics, 1996, 13, (3), 219-35 View citations
32. The New Keynesian Economics and the Output-Inflation Trade-Off
    Applied Economics Letters, 1996, 3, (9), 599-602
33. The technical efficiency of large bank production
    Journal of Banking & Finance, 1996, 20, (3), 495-509 View citations

1994

34. Portfolio Mix and Net Charge Off at Large United States Commercial Banks
    Applied Economics Letters, 1994, 1, (11), 183-86
35. Short-Run Cost Inefficiency of Commercial Banks: A Flexible Stochastic Frontier Approach
    Journal of Money, Credit and Banking, 1994, 26, (4), 875-93 View citations
36. URBAN UNEMPLOYMENT, FOREIGN CAPITAL, AND POLICY INTERVENTION
    International Economic Journal, 1994, 8, (3), 19-31
37. Win-win indirect tax reform: A modest proposal
    Economics Letters, 1994, 44, (1-2), 147-151 View citations

1993

38. Integrated reforms of tariffs and consumption taxes
    Journal of Public Economics, 1993, 52, (3), 417-428 View citations
39. Interest Rate Linkages within the European Monetary System: Further Analysis
    Journal of Money, Credit and Banking, 1993, 25, (4), 771-79 View citations
40. Velocity variability: Directly an interest-rate driven phenomenon
    The Quarterly Review of Economics and Finance, 1993, 33, (4), 423-437 View citations

1992

41. Are the Twin Deficits Really Related? Further Comments
    Contemporary Economic Policy, 1992, 10, (1), 112-13
42. Customs Union and the Harris-Todaro Model with International Capital Mobility
    Open Economies Review, 1992, 3, (1), 37-49
43. Do United States presidential administrations influence monetary policy?
    Journal of Policy Modeling, 1992, 14, (2), 221-226

1991

44. Forecasting Federal Budget Deficits: How Reliable Are U.S. Congressional Budget Office Projections?
    Applied Economics, 1991, 23, (12), 1789-99
45. International money: Post-war trends and theories: by Paul de Grauwe (Oxford: Oxford University Press, 1989. Pp. xiii, 257)
    North American Review of Economics and Finance, 1991, 2, (1), 103-105
46. Monetary Dynamics: An Application of Cointegration and Error-Correction Modeling
    Journal of Money, Credit and Banking, 1991, 23, (2), 139-54 View citations
47. The Temporal Causality between Fiscal Deficits and Interest Rates
    Contemporary Economic Policy, 1991, 9, (3), 12-23 View citations

1990

48. Disequilibrium macroeconomics, money as a buffer stock and the estimation of money demand
    Journal of Macroeconomics, 1990, 12, (4), 563-586
49. Inflation and relative price variability: The case of internationally traded primary commodities
    Economics Letters, 1990, 33, (1), 47-53 View citations
50. Returns to Scale and Input Substitution for Large U.S. Banks
    Journal of Money, Credit and Banking, 1990, 22, (1), 94-108 View citations

1989

51. Are the Twin Deficits Really Related?
    Contemporary Economic Policy, 1989, 7, (4), 91-115 View citations
52. Money demand instability: has it ended?
    Economics Letters, 1989, 30, (4), 345-349 View citations

1988

53. Are saving and investment co-integrated?
    Economics Letters, 1988, 27, (1), 31-34 View citations
54. Inflation Expectations, Wealth Perception, and Consumption Expenditure
    Eastern Economic Journal, 1988, 14, (1), 27-38
55. Models of Business Cycles: A Review Essay
    Eastern Economic Journal, 1988, 14, (2), 197-202
56. The Beveridge-Nelson decomposition of economic time series: Another economical computational method
    Journal of Monetary Economics, 1988, 21, (1), 141-142 View citations

1987

57. A Comparison of the Stochastic Processes of Structural and
    The Review of Economics and Statistics, 1987, 69, (3), 496-502 View citations

1986

58. Ex ante crowding out? A cross-country comparison of direct-substitutability hypotheses
    Journal of Policy Modeling, 1986, 8, (3), 351-370
59. Financial innovation, depository-institution deregulation, and the demand for money
    Journal of Macroeconomics, 1986, 8, (3), 279-296 View citations

1985

60. The relationship between government deficits, money growthm and inflation
    Journal of Macroeconomics, 1985, 7, (4), 447-467 View citations

1984

61. The Over-Time Relationship between Inflation and Its Variability Once Again: A Rejoinder
    Kyklos, 1984, 37, (1), 110-12

1982

62. Are Workers More Accurate Forecasters of Inflation Than Capitalists? [Price Expectations: Workers versus Capitalists]
    Applied Economics, 1982, 14, (5), 437-46
63. Credit rationing in a disequilibrium macroeconomic model
    Journal of Macroeconomics, 1982, 4, (2), 129-154
64. Crowding out: A test of some direct substitutability hypotheses
    Journal of Macroeconomics, 1982, 4, (4), 419-432
65. Employers' and Workers' Inflation Expectations: Prediction Accuracy and the Natural-Rate Hypothesis
    Eastern Economic Journal, 1982, 8, (4), 283-288
66. Money illusion, distribution effects and the household and business demands for money
    Journal of Banking & Finance, 1982, 6, (2), 215-231
67. The Money Supply Process and Credit Card Use: An Empirical Analysis
    Eastern Economic Journal, 1982, 8, (2), 89-99
68. The Relation between the Rate and Variability of Inflation: Further Comments [The Mirage of Steady Inflation]
    Kyklos, 1982, 35, (3), 456-67

1980

69. A Disequilibrium Macroeconomic Model: A Correction
    The Quarterly Journal of Economics, 1980, 95, (1), 197-98
70. Distribution effects and the business demand for money
    Journal of Macroeconomics, 1980, 2, (4), 287-305
71. Dynamic monetary and fiscal policy and the government budget constraint: A growth equilibrium
    Journal of Macroeconomics, 1980, 2, (3), 199-212
72. Non-bank public and commercial bank portfolio behavior in the Brunner-Meltzer model: A review and clarification
    Journal of Monetary Economics, 1980, 6, (4), 561-572

1979

73. European monetary unification and the eurodollar market
    Review of World Economics (Weltwirtschaftliches Archiv), 1979, 115, (2), 255-271
74. Optimal Behavior of a Monopolist Facing a Bicriteria Objective Function: Comment
    International Economic Review, 1979, 20, (3), 791-92

1978

75. Location and the theory of production: A review, summary and critique of recent contributions
    Regional Science and Urban Economics, 1978, 8, (2), 117-128 View citations

1977

76. A Simple Model of Information and Lending Behavior: Comment
    Journal of Finance, 1977, 32, (1), 208-10

1975

77. A theory of the banking firm: Comment
    Journal of Monetary Economics, 1975, 1, (1), 123-128

1974

78. The Deficient Treatment of Money in Basic Undergraduate Texts: An Opposing View: Comment
    Journal of Money, Credit and Banking, 1974, 6, (1), 119-21