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Details about Michael T. Belongia

E-mail:
Phone:662-915-7785
Postal address:Dept. of Economics Box 1848 University, MS 38677
Workplace:Department of Economics, University of Mississippi, (more information at EDIRC)

Access statistics for papers by Michael T. Belongia.

Last updated 2022-05-06. Update your information in the RePEc Author Service.

Short-id: pbe449


Jump to Journal Articles Edited books Chapters

Working Papers

2019

  1. A Classical View of the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Boston College Working Papers in Economics, Boston College Department of Economics (2016) Downloads

    See also Journal Article in Journal of Money, Credit and Banking (2021)
  2. A Reconsideration of Money Growth Rules
    Boston College Working Papers in Economics, Boston College Department of Economics Downloads View citations (8)
    See also Journal Article in Journal of Economic Dynamics and Control (2022)

2018

  1. Monetary Policy Lessons from the Greenbook
    Boston College Working Papers in Economics, Boston College Department of Economics Downloads

2017

  1. Circumventing the Zero Lower Bound with Monetary Policy Rules Based on Money
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    Also in Boston College Working Papers in Economics, Boston College Department of Economics (2016) Downloads View citations (5)

    See also Journal Article in Journal of Macroeconomics (2017)
  2. The Demand for Divisia Money: Theory and Evidence
    Boston College Working Papers in Economics, Boston College Department of Economics Downloads
    See also Journal Article in Journal of Macroeconomics (2019)

2016

  1. Targeting Constant Money Growth at the Zero Lower Bound
    Boston College Working Papers in Economics, Boston College Department of Economics Downloads View citations (1)
    See also Journal Article in International Journal of Central Banking (2018)
  2. The Evolution of U.S. Monetary Policy: 2000 - 2007
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    Also in Boston College Working Papers in Economics, Boston College Department of Economics (2015) Downloads View citations (8)

    See also Journal Article in Journal of Economic Dynamics and Control (2016)

2015

  1. Money and Output: Friedman and Schwartz Revisited
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    See also Journal Article in Journal of Money, Credit and Banking (2016)

2014

  1. Interest Rates and Money in the Measurement of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Journal of Business & Economic Statistics (2015)

2013

  1. A "Working" Solution to the Question of Nominal GDP Targeting
    Boston College Working Papers in Economics, Boston College Department of Economics Downloads View citations (6)
    See also Journal Article in Macroeconomic Dynamics (2015)
  2. Instability: Monetary and Real
    Boston College Working Papers in Economics, Boston College Department of Economics Downloads View citations (4)

2012

  1. Quantitative Easing: Interest Rates and Money in the Measurement of Monetary Policy
    Boston College Working Papers in Economics, Boston College Department of Economics Downloads View citations (21)
  2. The Barnett Critique After Three Decades: A New Keynesian Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    Also in Boston College Working Papers in Economics, Boston College Department of Economics (2010) Downloads View citations (27)

    See also Journal Article in Journal of Econometrics (2014)

2009

  1. Reforming the Fed: what would real change look like?
    MPRA Paper, University Library of Munich, Germany Downloads View citations (1)
  2. The evolving role and definition of the federal funds rate in the conduct of U.S. monetary policy
    MPRA Paper, University Library of Munich, Germany Downloads View citations (1)

2005

  1. Where simple sum and Divisia monetary aggregates part: illustrations and evidence for the United States
    MPRA Paper, University Library of Munich, Germany Downloads View citations (4)

2004

  1. Heterogeneity and Redistribution: By Monetary or Fiscal Means?
    Boston College Working Papers in Economics, Boston College Department of Economics Downloads

2002

  1. The Own-Price of Money and a New Channel of Monetary Transmission
    Boston College Working Papers in Economics, Boston College Department of Economics Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads

1992

  1. Selecting an intermediate target variable for monetary policy when the goal is price stability
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (2)

1989

  1. An admissible monetary aggregate for the United Kingdom
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (3)
    See also Journal Article in The Review of Economics and Statistics (1991)
  2. EFFECTS OF MANAGEMENT DECISIONS ON AGRICULTURAL BANK FAILURES
    1989 Regional Committee NC-161, October 2-3, 1989, St. Louis, Missouri, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition Downloads View citations (3)
    See also Journal Article in American Journal of Agricultural Economics (1990)

1987

  1. Monetary shocks and the farm/nonfarm price ratio: empirical tests of competing hypotheses
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (2)
  2. The U. S. monetary policy regime, interest differentials and dollar exchange rate risk premia
    Working Papers, Federal Reserve Bank of St. Louis Downloads
    See also Journal Article in Journal of International Money and Finance (1989)

1986

  1. A note on the temporal stability of the interest rate-weekly money relationship
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (2)
  2. COMMERCIAL BANK LENDING TO AGRICULTURE: A COMPARISON OF RURAL INDEPENDENT BANK AND HOLDING COMPANY SUBSIDIARIES
    1986 Regional Committee NC-161, October 7-8, 1986, St. Paul, Minnesota, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition Downloads
    Also in Working Papers, Federal Reserve Bank of St. Louis (1986) Downloads
  3. The Changing Empirical Definition of Money: Some Estimates From a Model of the Demand for Money Substitutes
    CUDARE Working Papers, University of California, Berkeley, Department of Agricultural and Resource Economics Downloads View citations (1)
    Also in Working Papers, Federal Reserve Bank of St. Louis (1986) Downloads View citations (1)

    See also Journal Article in Journal of Political Economy (1989)
  4. The effects of federal credit programs on farm output
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (3)
    See also Journal Article in American Journal of Agricultural Economics (1990)

1985

  1. Interest-bearing checkable deposits: are they \"money\"?
    Working Papers, Federal Reserve Bank of St. Louis Downloads
  2. On the importance of being expected: insights to the weekly money puzzle
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (1)
  3. The efficient markets hypothesis and weekly money: some contrary evidence
    Working Papers, Federal Reserve Bank of St. Louis Downloads

1984

  1. Agricultural and financial market interdependence: another view
    Working Papers, Federal Reserve Bank of St. Louis Downloads
  2. Derivation of the set of exact hedges for the financial portfolio
    Working Papers, Federal Reserve Bank of St. Louis Downloads
  3. Estimates of the link between variable money growth and GNP: a supplement to Mascaro and Meltzer
    Working Papers, Federal Reserve Bank of St. Louis Downloads
  4. Monetary indicators of economic activity: a comment
    Working Papers, Federal Reserve Bank of St. Louis Downloads
  5. Risk aversion and weekly money: does the market expect the Fed to offset large increases in M1?
    Working Papers, Federal Reserve Bank of St. Louis Downloads
    See also Journal Article in Economics Letters (1984)
  6. The independence of farm output and macro variables: some evidence from the business cycle
    Working Papers, Federal Reserve Bank of St. Louis Downloads
  7. The money supply announcements puzzle: a comment
    Working Papers, Federal Reserve Bank of St. Louis Downloads

1983

  1. The FOMC directive and the Treasury-bill futures market: could inside information produce profits?
    Working Papers, Federal Reserve Bank of St. Louis Downloads
  2. United States Farm Policy in a World Dimension
    Miscellaneous Reports, University of Missouri Columbia, Department of Agricultural Economics Downloads View citations (1)

1979

  1. An Analysis of Food Stamp Redemptions
    Economics Statistics and Cooperative Services (ESCS) Reports, United States Department of Agriculture, Economic Research Service Downloads

1978

  1. AGRICULTURAL-FOOD POLICY REVIEW: Proceedings of Five Food Policy Seminars
    Economics Statistics and Cooperative Services (ESCS) Reports, United States Department of Agriculture, Economic Research Service Downloads View citations (1)

Journal Articles

2022

  1. A reconsideration of money growth rules
    Journal of Economic Dynamics and Control, 2022, 135, (C) Downloads
    See also Working Paper (2019)
  2. Strengthening the second pillar: a greater role for money in the ECB’s strategy
    Applied Economics, 2022, 54, (1), 99-114 Downloads

2021

  1. A Classical View of the Business Cycle
    Journal of Money, Credit and Banking, 2021, 53, (2-3), 333-366 Downloads View citations (1)
    See also Working Paper (2019)

2020

  1. Rules versus Discretion: Inference Gleaned from Greenbook Forecasts and FOMC Decisions
    Oxford Bulletin of Economics and Statistics, 2020, 82, (1), 156-179 Downloads View citations (1)

2019

  1. The demand for Divisia Money: Theory and evidence
    Journal of Macroeconomics, 2019, 61, (C), - Downloads View citations (17)
    See also Working Paper (2017)

2018

  1. Targeting Constant Money Growth at the Zero Lower Bound
    International Journal of Central Banking, 2018, 14, (2), 159-204 Downloads View citations (18)
    See also Working Paper (2016)

2017

  1. Circumventing the zero lower bound with monetary policy rules based on money
    Journal of Macroeconomics, 2017, 54, (PA), 42-58 Downloads View citations (21)
    See also Working Paper (2017)

2016

  1. Money and Output: Friedman and Schwartz Revisited
    Journal of Money, Credit and Banking, 2016, 48, (6), 1223-1266 Downloads View citations (48)
    See also Working Paper (2015)
  2. The evolution of U.S. monetary policy: 2000–2007
    Journal of Economic Dynamics and Control, 2016, 73, (C), 78-93 Downloads View citations (19)
    See also Working Paper (2016)

2015

  1. A “WORKING” SOLUTION TO THE QUESTION OF NOMINAL GDP TARGETING
    Macroeconomic Dynamics, 2015, 19, (3), 508-534 Downloads View citations (27)
    See also Working Paper (2013)
  2. Interest Rates and Money in the Measurement of Monetary Policy
    Journal of Business & Economic Statistics, 2015, 33, (2), 255-269 Downloads View citations (82)
    See also Working Paper (2014)

2014

  1. The Barnett critique after three decades: A New Keynesian analysis
    Journal of Econometrics, 2014, 183, (1), 5-21 Downloads View citations (73)
    See also Working Paper (2012)

2007

  1. Opaque rather than transparent: Why the public cannot monitor monetary policy
    Public Choice, 2007, 133, (3), 259-267 Downloads View citations (2)

2006

  1. The Own-Price of Money and the Channels of Monetary Transmission
    Journal of Money, Credit and Banking, 2006, 38, (2), 429-445 Downloads View citations (37)

1996

  1. Measurement Matters: Recent Results from Monetary Economics Reexamined
    Journal of Political Economy, 1996, 104, (5), 1065-83 Downloads View citations (131)

1994

  1. EFFECTS ON INTEREST RATES OF IMMEDIATELY RELEASING FOMC DIRECTIVES
    Contemporary Economic Policy, 1994, 12, (4), 79-91 Downloads View citations (5)

1992

  1. Foreign exchange intervention by the United States: a review and assessment of 1985-89
    Review, 1992, (May), 32-51 Downloads View citations (2)
  2. The Business Cycle: Theories and Evidence: Proceedings of the Sixteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis (held October 17-18 1991)
    Proceedings, 1992 View citations (5)

1991

  1. An Admissible Monetary Aggregate for the United Kingdom
    The Review of Economics and Statistics, 1991, 73, (3), 497-503 Downloads View citations (28)
    See also Working Paper (1989)
  2. Monetary policy and the farm/nonfarm price ratio: a comparison of effects
    Review, 1991, (Jul), 30-46 Downloads View citations (15)

1990

  1. Alternative measures of money as indicators of inflation: a survey and some new evidence
    Review, 1990, (Nov), 20-33 Downloads View citations (2)
  2. Monetary policy on the 75th anniversary of the Federal Reserve System: summary of conference proceedings
    Review, 1990, (Sep), 59-65 Downloads View citations (11)
  3. The Effects of Federal Credit Programs on Farm Output
    American Journal of Agricultural Economics, 1990, 72, (3), 769-773 Downloads View citations (1)
    See also Working Paper (1986)
  4. The Effects of Management Decisions on Agricultural Bank Failures
    American Journal of Agricultural Economics, 1990, 72, (4), 901-910 Downloads View citations (3)
    See also Working Paper (1989)
  5. The pitfalls of exchange rate targeting: a case study from the United Kingdom
    Review, 1990, (Sep), 15-24 Downloads View citations (3)

1989

  1. Can a central bank influence its currency's real value? The Swiss case
    Review, 1989, (Jan), 47-55 Downloads View citations (1)
  2. Monetary policy on the 75th anniversary of the Federal Reserve system: proceedings of the fourteenth annual Economic Policy Conference, held on October 19-20, 1989
    Proceedings, 1989 View citations (2)
  3. The Changing Empirical Definition of Money: Some Estimates from a Model of the Demand for Money Substitutes
    Journal of Political Economy, 1989, 97, (2), 387-97 Downloads View citations (31)
    See also Working Paper (1986)
  4. The US monetary policy regime, interest differentials, and dollar exchange rate risk premia
    Journal of International Money and Finance, 1989, 8, (1), 137-145 Downloads View citations (2)
    See also Working Paper (1987)

1988

  1. Are economic forecasts by government agencies biased? Accurate?
    Review, 1988, (Nov), 15-23 Downloads View citations (11)
  2. On the Temporal Stability of the Interest Rate-Weekly Money Relationship
    The Review of Economics and Statistics, 1988, 70, (3), 516-20 Downloads View citations (6)
  3. Prospects for international policy coordination: some lessons from the EMS
    Review, 1988, (Jul), 19-29 Downloads View citations (1)
  4. Testing the expectations model of the term structure: some conjectures on the effects of institutional changes
    Review, 1988, (Sep), 37-45 Downloads View citations (1)
  5. The Effects of Affiliation with Large Bank Holding Companies on Commercial Bank Lending to Agriculture
    American Journal of Agricultural Economics, 1988, 70, (1), 69-78 Downloads View citations (17)

1987

  1. Agricultural banks: causes of failures and the condition of survivors
    Review, 1987, (May), 30-37 Downloads View citations (3)
  2. Do the new exchange rate indexes offer better answers to old questions?
    Review, 1987, (May), 5-17 Downloads View citations (2)
  3. INTEREST RATE RISK, MARKET VALUE, AND HEDGING FINANCIAL PORTFOLIOS
    Journal of Financial Research, 1987, 10, (1), 47-55 Downloads View citations (1)
  4. Predicting interest rates: a comparison of professional and market- based forecasts
    Review, 1987, (Mar), 9-15 Downloads View citations (6)
  5. The Informational Efficiency of Weekly Money Announcements: An Econometric Critique
    Journal of Business & Economic Statistics, 1987, 5, (3), 351-56 View citations (3)

1986

  1. Estimating exchange rate effects on exports: a cautionary note
    Review, 1986, (Jan), 5-16 Downloads View citations (10)
  2. Marris, Stephen. Deficits and the Dollar: The World Economy at Risk. Washington DC: Institute for International Economics, 1985, xxxvii + 343 pp., $15.00
    American Journal of Agricultural Economics, 1986, 68, (3), 760-761 Downloads
  3. Monetary Policy, Real Exchange Rates, and U.S. Agricultural Exports
    American Journal of Agricultural Economics, 1986, 68, (2), 422-427 Downloads View citations (34)
  4. The farm sector in the 1980s: sudden collapse or steady downturn?
    Review, 1986, (Nov), 17-25 Downloads

1985

  1. Cash flow or present value: what's lurking behind that hedge?
    Review, 1985, 67, (Jan), 5-13 Downloads View citations (2)
  2. Factors behind the rise and fall of farmland prices: a preliminary assessment
    Review, 1985, 67, (Aug), 18-24 Downloads View citations (2)
  3. Interaction Effects on Rural Financial Intermediaries of Financial Stress and Deregulation: Discussion
    American Journal of Agricultural Economics, 1985, 67, (5), 1196-1197 Downloads
  4. The Impact of Inflation on the Real Income of U.S. Farmers: Discussion
    American Journal of Agricultural Economics, 1985, 67, (2), 398-399 Downloads View citations (4)
  5. The farm credit crisis: will it hurt the whole economy?
    Review, 1985, 67, (Dec), 5-15 Downloads
  6. The status of farm lenders: an assessment of Eighth District and national trends
    Review, 1985, 67, (Oct), 17-27 Downloads
  7. Would lower federal deficits increase U.S. farm exports?
    Review, 1985, 67, (Nov), 5-19 Downloads View citations (4)

1984

  1. Are options on treasury bond futures price efficiently?
    Review, 1984, 66, (Jan), 5-13 Downloads
  2. Hedging interest rate risk with financial futures: some basic principles
    Review, 1984, 66, (Oct), 15-25 Downloads View citations (3)
  3. Money growth variability and GNP
    Review, 1984, 66, (Apr), 23-31 Downloads View citations (10)
  4. Risk aversion and weekly money: Does the market expect the Fed to offset large increase in M1?
    Economics Letters, 1984, 16, (3-4), 327-330 Downloads View citations (1)
    See also Working Paper (1984)
  5. The dairy price support program: a study of misdirected economic incentives
    Review, 1984, 66, (Feb), 5-14 Downloads View citations (1)
  6. The recent decline in agricultural exports: is the exchange rate the culprit?
    Review, 1984, 66, (Oct), 5-14 Downloads View citations (23)
  7. Variability of the Japanese money stock: Links to the U.S. and the October 1979 policy change
    Economics Letters, 1984, 14, (2-3), 241-244 Downloads

1983

  1. A Monetary Analysis of Food Price Determination
    American Journal of Agricultural Economics, 1983, 65, (1), 131-135 Downloads View citations (9)
  2. Agricultural Price Supports and Cost of Production: Comment
    American Journal of Agricultural Economics, 1983, 65, (3), 620-622 Downloads View citations (2)
  3. Commodity options: a new risk management tool for agricultural markets
    Review, 1983, 65, (Jun), 5-15 Downloads View citations (6)
  4. Outlook for agriculture in 1983
    Review, 1983, 65, (Feb), 14-24 Downloads
  5. Why do food prices increase?
    Review, 1983, 65, (Apr), 5-12 Downloads View citations (1)

1982

  1. Prefiltering and Causality Tests
    Journal of Agricultural Economics Research, 1982, 34, (4), 5 Downloads View citations (5)
  2. SOME FALLACIES IN AGRICULTURAL ECONOMICS: A MACROECONOMIC INTERPRETATION
    Southern Journal of Agricultural Economics, 1982, 14, (1), 7 Downloads View citations (1)
    Also in Journal of Agricultural and Applied Economics, 1982, 14, (1), 117-123 (1982) Downloads View citations (1)

1981

  1. A NOTE ON THE SPECIFICATION OF WAGE RATES IN COST-PUSH MODELS OF FOOD PRICE DETERMINATION
    Southern Journal of Agricultural Economics, 1981, 13, (2), 6 Downloads
    Also in Journal of Agricultural and Applied Economics, 1981, 13, (2), 119-124 (1981) Downloads

1980

  1. Total Food Expenditures: An Update on the Revised Series
    Food Review/ National Food Review, 1980, NFR 09, (1) Downloads

1979

  1. Domestic Food Programs and Their Related Impacts on Retail Food Prices
    American Journal of Agricultural Economics, 1979, 61, (2), 358-362 Downloads
  2. Following Food Stamps Through the Redemption Chain
    Food Review/ National Food Review, 1979, NFR 06, (1) Downloads

1978

  1. THE FARMER'S SHARE: A SUMMARY OF STATISTICAL MEASURES
    Food Review/ National Food Review, 1978, NFR 03, (1) Downloads View citations (3)
  2. TOTAL FOOD EXPEND I TURES: SOME FURTHER DELINEATIONS
    Food Review/ National Food Review, 1978, NFR 05, (1) Downloads

Edited books

2000

  1. Divisia Monetary Aggregates
    Palgrave Macmillan Books, Palgrave Macmillan

Chapters

2000

  1. Consequences of Money Stock Mismeasurement: Evidence from Three Countries
    Palgrave Macmillan View citations (1)
  2. Introductory Comments, Definitions, and Research on Indexes of Monetary Services
    Palgrave Macmillan
 
Page updated 2022-05-25