Details about Robert H. Rasche

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Homepage:	http://research.stlouisfed.org/econ/rasche/index.html
Workplace:	Economic Research, Federal Reserve Bank of St. Louis, (more information at EDIRC) Federal Reserve Bank of St. Louis, (more information at EDIRC)

Access statistics for papers by Robert H. Rasche.

Last updated 2008-11-03. Update your information in the RePEc Author Service.

Short-id: pra180

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Working Papers

2008

1. The great inflation: did the shadow know better?
   Working Papers, Federal Reserve Bank of St. Louis

2006

2. Analysis of panel vector error correction models using maximum likelihood, the bootstrap, and canonical-correlation estimators
   Working Papers, Federal Reserve Bank of St. Louis
3. Inflation: do expectations trump the gap?
   Working Papers, Federal Reserve Bank of St. Louis View citations

2005

4. The Reform of October 1979: How It Happened and Why
   CFS Working Paper Series, Center for Financial Studies View citations
   Also in
   Working Papers, Federal Reserve Bank of St. Louis (2004)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2005) View citations
   See Also Journal Article in Review (2005)
5. The effectiveness of monetary policy
   Working Papers, Federal Reserve Bank of St. Louis View citations
   See Also Journal Article in Review (2007)

2001

6. A vector error correction forecasting model of the U.S. economy
   Working Papers, Federal Reserve Bank of St. Louis View citations
   See Also Journal Article in Journal of Macroeconomics (2002)
7. Identification of dynamic economic models from reduced form VECM structures: an application of covariance restrictions
   Working Papers, Federal Reserve Bank of St. Louis
8. The remarkable stability of monetary base velocity in the United States, 1919-1999
   Working Papers, Federal Reserve Bank of St. Louis View citations

2000

9. Perfecting the market's knowledge of monetary policy
   Working Papers, Federal Reserve Bank of St. Louis View citations
   See Also Journal Article in Journal of Financial Services Research (2000)
10. Retail sweep programs and bank reserves, 1994--1999
    Working Papers, Federal Reserve Bank of St. Louis View citations
    See Also Journal Article in Review (2001)
11. The domestic adjusted monetary base
    Working Papers, Federal Reserve Bank of St. Louis View citations

1999

12. Results of a study of the stability of cointegrating relations comprised of broad monetary aggregates
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See Also Journal Article in Journal of Monetary Economics (2000)

1997

13. Construction of an estimated domestic monetary base using new estimates of foreign holdings of U.S. currency
    Working Papers, Federal Reserve Bank of St. Louis
14. STLS/US-VECM6.1: a vector error-correction forecasting model of the U. S. economy
    Working Papers, Federal Reserve Bank of St. Louis

1996

15. A revised measure of the St. Louis adjusted monetary base
    Working Papers, Federal Reserve Bank of St. Louis View citations
    See Also Journal Article in Review (1996)
16. Defining the adjusted monetary base in an era of financial change
    Working Papers, Federal Reserve Bank of St. Louis View citations

1992

17. Monetary Aggregates, Monetary Policy and Economic Activity
    Working Papers, Michigan State - Econometrics and Economic Theory
    See Also Journal Article in Review (1993)

1991

18. Money Demand in the U.S. and Japan: Analysis of Stability and the Importance of Transitory and Permanent Shocks
    Working Papers, Michigan State - Econometrics and Economic Theory
19. Shadow Open Market Committee; Policy Statement and Position Pepers
    Working Papers, Rochester, Business - Industry Policy Studies View citations

1990

20. P* Type Models: Evaluation and Forecasts
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in International Journal of Forecasting (1990)

1989

21. Kolmogorov-Smirnov Tests For Distribution Function Similarity With Applications To Portfolios of Common Stock
    NBER Technical Working Papers, National Bureau of Economic Research, Inc
22. Long-run Income and Interest Elasticities of Money Demand in the United States
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in The Review of Economics and Statistics (1991)
23. The Demand For Money in the U.S. During the Great Depression: Estimates and Comparison with the Post War Experience
    NBER Working Papers, National Bureau of Economic Research, Inc

1988

24. DEMAND FUNCTIONS FOR U.S. MONEY AND CREDIT MEASURES
    Working Papers, Michigan State - Econometrics and Economic Theory View citations

Journal Articles

2008

1. Editor's introduction
   Review, 2008, (Jul), 271-274

2007

2. The effectiveness of monetary policy
   Review, 2007, (Sep), 447-490
   See Also Working Paper (2005)

2006

3. Greenspan's unconventional view of the long-run inflation/output trade-off
   Monetary Trends, 2006, (Jan) View citations

2005

4. The reform of October 1979: how it happened and why
   Review, 2005, (Mar), 187-236 View citations
   See Also Working Paper (2005)

2004

5. A neutral federal funds rate?
   Monetary Trends, 2004, (Dec)
6. Discrete policy changes and empirical models of the federal funds rate
   Review, 2004, (Nov), 61-72 View citations

2003

7. A reconstruction of the Federal Reserve Bank of St. Louis adjusted monetary base and reserves
   Review, 2003, (Sep), 39-69 View citations
8. The impact of changes in FOMC disclosure practices on the transparency of monetary policy: are markets and the FOMC better "synched"?
   Review, 2003, (Jan), 1-10 View citations

2002

9. A vector error-correction forecasting model of the US economy
   Journal of Macroeconomics, 2002, 24, (4), 569-598 View citations
   See Also Working Paper (2001)
10. Flation
    Review, 2002, (Nov), 1-6 View citations
11. Market anticipations of monetary policy actions
    Review, 2002, (Jul), 65-94 View citations
12. Reply to the comments on 'A vector error-correction forecasting model of the U.S. economy'
    Journal of Macroeconomics, 2002, 24, (4), 613-614
13. The FOMC's balance-of-risks statement and market expectations of policy actions
    Review, 2002, (Sep), 37-50 View citations

2001

14. Retail sweep programs and bank reserves, 1994-1999
    Review, 2001, (Jan), 51-72 View citations
    See Also Working Paper (2000)
15. The monetary/fiscal policy debate: a controlled experiment
    Monetary Trends, 2001, (Oct)

2000

16. Perfecting the Market's Knowledge of Monetary Policy
    Journal of Financial Services Research, 2000, 18, (2), 255-298 View citations
    See Also Working Paper (2000)
17. Results of a study of the stability of cointegrating relations comprised of broad monetary aggregates
    Journal of Monetary Economics, 2000, 46, (2), 345-383 View citations
    See Also Working Paper (1999)

1999

18. Eighty years of observations on the adjusted monetary base: 1918-1997
    Review, 1999, (Jan), 3-22 View citations

1998

19. Stochastic trends and economic fluctuations in a large open economy
    Journal of International Money and Finance, 1998, 17, (4), 565-596 View citations

1996

20. A revised measure of the St. Louis adjusted monetary base
    Review, 1996, (Mar), 3-13 View citations
    See Also Working Paper (1996)
21. Assessing Forecast Performance in a Cointegrated System
    Journal of Applied Econometrics, 1996, 11, (5), 495-517 View citations
22. Measuring the adjusted monetary base in an era of financial change
    Review, 1996, (Nov), 3-37 View citations

1995

23. Pitfalls in counterfactual analyses of policy rules
    Open Economies Review, 1995, 6, (3), 199-202
24. The stability of long-run money demand in five industrial countries
    Journal of Monetary Economics, 1995, 35, (2), 317-339 View citations

1993

25. A comparison of some basic monetary policy regimes for open economies: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1993, 39, (1), 319-327
26. Monetary aggregates, monetary policy and economic activity
    Review, 1993, (Mar), 1-35 View citations
    See Also Working Paper (1992)

1992

27. Sufficient Conditions for Expected Utility to Imply Mean-Standard Deviation Rankings: Empirical Evidence Concerning the Location and Scale Condition
    Economic Journal, 1992, 102, (410), 91-106 View citations

1991

28. Long-Run Income and Interest Elasticities of Money Demand in the United States
    The Review of Economics and Statistics, 1991, 73, (4), 665-74 View citations
    See Also Working Paper (1989)
29. Tax reform and potential output a comment
    Carnegie-Rochester Conference Series on Public Policy, 1991, 35, (1), 181-184

1990

30. Comments on "Buffer stocks, credit, and aggregation effects in the demand for broad money: Theory and an application to the U.K. personal sector"
    Journal of Policy Modeling, 1990, 12, (2), 377-381
31. Demand functions for measures of U.S. money and debt
    Proceedings, 1990, 113-172 View citations
32. P* type models: Evaluation and forecasts
    International Journal of Forecasting, 1990, 6, (3), 421-440 View citations
    See Also Working Paper (1990)

1988

33. An Examination of the Commerce Department Leading-Indicator Approach
    Journal of Business & Economic Statistics, 1988, 6, (2), 167-87 View citations

1987

34. M1 -- Velocity and money-demand functions: Do stable relationships exist?
    Carnegie-Rochester Conference Series on Public Policy, 1987, 27, (1), 9-88 View citations

1986

35. Predicting the money stock: a comparison of alternative approaches
    Economic Review, 1986, (Spr), 38-54

1985

36. Deficit projections vs. deficit forecasts
    FRBSF Economic Letter, 1985, (Jul 5) View citations
37. Interest rate volatility and alternative monetary control procedure
    Economic Review, 1985, (Sum), 46-63
38. Views on deficits and interest rates
    FRBSF Economic Letter, 1985, (Apr 19)
39. What would nominal GNP targetting do to the business cycle? A comment
    Carnegie-Rochester Conference Series on Public Policy, 1985, 22, (1), 85-87

1983

40. A new look at the relationship between time-series and structural econometric models
    Journal of Econometrics, 1983, 23, (2), 235-251
41. Monetary policy with a credit aggregate target Comment on the Friedman paper
    Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 149-155

1982

42. What Do Money Market Models Tell Us about How to Implement Monetary Policy?
    Journal of Money, Credit and Banking, 1982, 14, (4), 796-828 View citations

1981

43. Can the Reserves Approach to Monetary Control Really Work?
    Journal of Money, Credit and Banking, 1981, 13, (3), 298-313 View citations
44. Energy price shocks, aggregate supply and monetary policy: The theory and the international evidence
    Carnegie-Rochester Conference Series on Public Policy, 1981, 14, (1), 9-93 View citations
45. Identification of the Lorenz curve by Lorenz coefficient
    Review of World Economics (Weltwirtschaftliches Archiv), 1981, 117, (1), 125-135
46. Reply to Gordon
    Carnegie-Rochester Conference Series on Public Policy, 1981, 14, (1), 103-107

1980

47. Comment on Analysis of the Impact of Capital-Specific Policies or Legislation
    Journal of Money, Credit and Banking, 1980, 12, (2), 425-28
48. Federal Reserve Bank Membership: Effects on Bank Profits
    Journal of Money, Credit and Banking, 1980, 12, (3), 448-61 View citations
49. Functional Forms for Estimating the Lorenz Curve: Comment
    Econometrica, 1980, 48, (4), 1061-62 View citations
50. Issues and models in empirical research on aggregate consumer expenditure: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 207-214
51. On the costs and benefits of anti-inflation policies
    Review, 1980, (Feb), 3-14 View citations

1979

52. Predicting the money multiplier
    Journal of Monetary Economics, 1979, 5, (3), 301-325 View citations

1978

53. A comparison of yields on future contracts and implied forward rates
    Review, 1978, (Dec), 21-30 View citations
54. Costs of reserves and the relative size of member and nonmember bank demand deposits
    Journal of Monetary Economics, 1978, 4, (4), 715-733 View citations

1977

55. Bank management and portfolio behavior: Donald D. Hester and James L. Pierce, (Yale University Press, New Haven, 1973) pp. xvi+301, $20.00
    Journal of Monetary Economics, 1977, 3, (2), 262-264
56. Debt-management policy and the own price elasticity of demand for U.S. government notes and bonds
    Review, 1977, (Sep), 8-22
57. Energy resources and potential GNP
    Review, 1977, (Jun), 10-24 View citations
58. Revision of the monetary base
    Review, 1977, (Jul), 13-28 View citations
59. The Treasury bill futures market and market expectations of interest rates
    Review, 1977, (Jun), 2-9
60. The effects of the new energy regime on economic capacity, production, and prices
    Review, 1977, (May), 2-12 View citations

1976

61. Inflation -- alternative explanations and policies: Tests on data drawn from six countries: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1976, 4, (1), 307-309
62. Policy conflicts in the separate control of quantity and price in the energy industries: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1976, 3, (1), 245-248
63. Price Expectations and Interest Rates: Some Clarifying Comments: Comment
    Journal of Money, Credit and Banking, 1976, 8, (1), 119-22
64. Regulation Q and the current problems of Savings and Loan Associations: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1976, 4, (1), 247-250

1975

65. An Analysis of the Private and Commercial Demand for Gasoline
    The Review of Economics and Statistics, 1975, 57, (4), 502-07 View citations

1973

66. A comparative static analysis of some monetarist propositions
    Review, 1973, (Dec), 15-23
67. Simulations of Stabilization Policies for 1966-1970
    Journal of Money, Credit and Banking, 1973, 5, (1), 1-25

1972

68. A review of empirical studies of the money supply mechanism
    Review, 1972, (Jul), 11-19
69. Comments on a monetarist approach to demand management
    Review, 1972, (Jan), 26-32
70. Impact of the Stock Market on Private Demand
    American Economic Review, 1972, 62, (2), 220-28

1971

71. Subsidies, Economic Lives, and Complete Resource Misallocation
    American Economic Review, 1971, 61, (5), 938-45 View citations

1970

72. Central Bank Policy, the Money Supply, and the Short-Term Rate of Interest
    Journal of Money, Credit and Banking, 1970, 2, (2), 166-218 View citations