Details about Michael Pakko

Access statistics for papers by Michael Pakko.

Last updated 2008-08-01. Update your information in the RePEc Author Service.

Short-id: ppa12

Working Papers

2007

1. Inflation risk and optimal monetary policy
   Working Papers, Federal Reserve Bank of St. Louis View citations
2. Monetary policy and natural disasters in a DSGE model: how should the Fed have responded to Hurricane Katrina?
   Working Papers, Federal Reserve Bank of St. Louis

2006

3. Monetary policy, taxes and the business cycle
   Working Papers, Federal Reserve Bank of St. Louis View citations
   Also in
   Computing in Economics and Finance 2004, Society for Computational Economics (2004) View citations
   2005 Meeting Papers, Society for Economic Dynamics (2005) View citations
   See Also Journal Article in Journal of Monetary Economics (2007)

2005

4. Changing technology trends, transition dynamics and growth accounting
   Working Papers, Federal Reserve Bank of St. Louis View citations
   See Also Journal Article in Contributions to Macroeconomics (2005)
5. No smoking at the slot machines: the effect of a smoke-free law on Delaware gaming revenues
   Working Papers, Federal Reserve Bank of St. Louis View citations
6. Smoke-free law did affect revenue from gaming in Delaware
   Working Papers, Federal Reserve Bank of St. Louis View citations
7. The monetary instrument matters
   Working Papers, Federal Reserve Bank of St. Louis View citations
   See Also Journal Article in Review (2005)

2004

8. A spectral analysis of the cross-country consumption correlation puzzle
   Working Papers, Federal Reserve Bank of St. Louis View citations
   See Also Journal Article in Economics Letters (2004)

2003

9. On the information content of asymmetric FOMC policy statements: evidence from a Taylor-rule perspective
   Working Papers, Federal Reserve Bank of St. Louis
   See Also Journal Article in Economic Inquiry (2005)
10. Substitution elasticities and investment dynamics in two country business cycle models
    Working Papers, Federal Reserve Bank of St. Louis View citations
    See Also Journal Article in Topics in Macroeconomics (2003)

2001

11. What happens when the technology growth trend changes?: transition dynamics, capital growth and the "new economy"
    Working Papers, Federal Reserve Bank of St. Louis View citations
    See Also Journal Article in Review of Economic Dynamics (2002)

1999

12. Do high interest rates stem capital outflows?
    Working Papers, Federal Reserve Bank of St. Louis
    See Also Journal Article in Economics Letters (2000)

1998

13. Dynamic shoe-leather costs in a shopping-time model of money
    Working Papers, Federal Reserve Bank of St. Louis View citations
14. R&D spending and cyclical fluctuations: putting the "technology" in technology shocks
    Working Papers, Federal Reserve Bank of St. Louis View citations

1997

15. The cyclical relationship between output and prices: an analysis in the frequency domain
    Working Papers, Federal Reserve Bank of St. Louis View citations
    See Also Journal Article in Journal of Money, Credit and Banking (2000)
16. Trade, investment, and international borrowing in two-country business cycle models
    Working Papers, Federal Reserve Bank of St. Louis

1996

17. International risk sharing and low cross-country consumption correlations: are they really inconsistent?
    Working Papers, Federal Reserve Bank of St. Louis View citations
    See Also Journal Article in Review of International Economics (1997)
18. Tariff risk and international borrowing with incomplete asset markets
    Working Papers, Federal Reserve Bank of St. Louis

1994

19. Characterizing cross-country consumption correlations
    Working Papers, Federal Reserve Bank of St. Louis View citations
    See Also Journal Article in The Review of Economics and Statistics (1998)

Journal Articles

2008

1. A new picture of metro-area employment in the eighth district
   The Regional Economist, 2008, (Apr), 18-19
2. Clearing the haze? new evidence on the economic impact of smoking bans
   The Regional Economist, 2008, (Jan), 10-11
3. District fares better than nation as housing market crumbles
   The Regional Economist, 2008, (Jan), 18-19

2007

4. Barnyard boon or bust? the National Animal Identification System (NAIS)
   The Regional Economist, 2007, (Jan), 12-13
5. Monetary policy, taxes, and the business cycle
   Journal of Monetary Economics, 2007, 54, (6), 1587-1611
   See Also Working Paper (2006)
6. Population, sprawl and immigration trends in Eighth District metro areas vary widely
   The Regional Economist, 2007, (Jul), 16-17
7. Revised data show larger job gains for Eighth District metro area
   The Regional Economist, 2007, (Apr), 16-17
8. There are two sides to every (employment redistribution) story!
   The Regional Economist, 2007, (Jan), 17

2006

9. Deficits, debt, and trust funds
   National Economic Trends, 2006, (Aug)
10. Freedom, trade, and growth
    International Economic Trends, 2006, (Nov)
11. How dangerous is the U.S. current account deficit?
    The Regional Economist, 2006, (Apr), 4-9
12. On the economic analysis of smoking bans
    Regional Economic Development, 2006, (Oct), 115-130
13. Uneven employment growth reflects differing mixes of jobs
    The Regional Economist, 2006, (Oct), 17

2005

14. Changing Technology Trends, Transition Dynamics, and Growth Accounting
    Contributions to Macroeconomics, 2005, 5, (1), 1304-1304 View citations
    See Also Working Paper (2005)
15. Future oil
    National Economic Trends, 2005, (Jul)
16. OECD growth
    International Economic Trends, 2005, (Feb) View citations
17. On the Information Content of Asymmetric FOMC Policy Statements: Evidence From a Taylor-Rule Perspective
    Economic Inquiry, 2005, 43, (3), 558-569 View citations
    See Also Working Paper (2003)
18. The economics of smoking bans: peering through the haze
    The Regional Economist, 2005, (Jul), 12-13 View citations
19. The monetary instrument matters
    Review, 2005, (Sep), 633-658 View citations
    See Also Working Paper (2005)

2004

20. A spectral analysis of the cross-country consumption correlation puzzle
    Economics Letters, 2004, 84, (3), 341-347 View citations
    See Also Working Paper (2004)
21. Burger survey provides taste of international economics
    The Regional Economist, 2004, (Jan.), 12-13
22. Considering the capital account
    International Economic Trends, 2004, (Nov)
23. Labor's share
    National Economic Trends, 2004, (Aug)

2003

24. Aid, trade, and agriculture
    International Economic Trends, 2003, (Feb)
25. Burgernomics: a big MacT guide to purchasing power parity
    Review, 2003, (Nov), 9-28 View citations
26. Monetary policy in jobless recoveries
    Monetary Trends, 2003, (Nov)
27. Substitution Elasticities and Investment Dynamics in Two-Country Business Cycle Models
    Topics in Macroeconomics, 2003, 3, (1), 1125-1125 View citations
    See Also Working Paper (2003)

2002

28. BTUs in GDP
    National Economic Trends, 2002, (May)
29. Comparing apples and oranges
    The Regional Economist, 2002, (Oct.), 10-11
30. Investment-specific technology growth: concepts and recent estimates
    Review, 2002, (Nov), 37-48 View citations
31. Ownership-based trade
    International Economic Trends, 2002, (Aug)
32. The high-tech investment boom and economic growth in the 1990s: accounting for quality
    Review, 2002, (Mar.), 3-18
33. What Happens When the Technology Growth Trend Changes?: Transition Dynamics, Capital Growth and the 'New Economy'
    Review of Economic Dynamics, 2002, 5, (2), 376-407 View citations
    See Also Working Paper (2001)

2001

34. Accounting for computers
    National Economic Trends, 2001, (May)
35. Discounting the discount rate
    Monetary Trends, 2001, (Dec)
36. Reconsidering the trade-creating effects of a currency union
    Review, 2001, (May), 37-46 View citations

2000

37. An elastic currency
    Monetary Trends, 2000, (Mar)
38. Capital deepening
    National Economic Trends, 2000, (May)
39. Do high interest rates stem capital outflows?
    Economics Letters, 2000, 67, (2), 187-192 View citations
    See Also Working Paper (1999)
40. The Cyclical Relationship between Output and Prices: An Analysis in the Frequency Domain
    Journal of Money, Credit and Banking, 2000, 32, (3), 382-99 View citations
    See Also Working Paper (1997)
41. The U.S. trade deficit: sideshow to the "new economy"?
    The Regional Economist, 2000, (Apr), 10-11

1999

42. Aircraft turbulence
    National Economic Trends, 1999, (Feb.)
43. Growth in the 1990s
    International Economic Trends, 1999, (Jul)
44. The U.S. trade deficit and the "new economy"
    Review, 1999, (Sep), 11-20

1998

45. A new architecture?
    International Economic Trends, 1998, (Nov)
46. Characterizing Cross-Country Consumption Correlations
    The Review of Economics and Statistics, 1998, 80, (1), 169-174 View citations
    See Also Working Paper (1994)
47. Currency boards: monetary magic?
    International Economic Trends, 1998, (May)
48. Shoe-leather costs of inflation and policy credibility
    Review, 1998, (Nov), 37-50 View citations

1997

49. International Risk Sharing and Low Cross-Country Consumption Correlations: Are They Really Inconsistent?
    Review of International Economics, 1997, 5, (3), 386-400 View citations
    See Also Working Paper (1996)
50. The business cycle and chain-weighted GDP: has our perspective changed?
    Review, 1997, (Sep), 39-49 View citations

1996

51. For here or to go? Purchasing power parity and the Big Mac
    Review, 1996, (Jan), 3-22 View citations
52. Monetary policy and financial market expectations: what did they know and when did they know it?
    Review, 1996, (Jul), 19-32 View citations

1995

53. The FOMC in 1993 and 1994: monetary policy in transition
    Review, 1995, (Mar), 3-25

1987

54. M1A - M.I.A.?
    Economic Commentary, 1987, (Jul 1)

1985

55. CRR and monetary control
    Economic Commentary, 1985, (May 15)
56. The 1985 Humphrey-Hawkins testimony
    Economic Commentary, 1985, (Mar 1)