Details about Craig S. Hakkio

Access statistics for papers by Craig S. Hakkio.

Last updated 2008-03-04. Update your information in the RePEc Author Service.

Short-id: pha431

Working Papers

2018

1. Forecasting Foreign Economic Growth Using Cross-Country Data
   Research Working Paper, Federal Reserve Bank of Kansas City

2010

2. Inflation targeting and private sector forecasts
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (6)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (24)

2009

3. Global inflation dynamics
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (3)

1995

4. Exchange rates in the long run
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (3)

1994

5. Monetary policy without intermediate targets: Federal Reserve policy since 1983
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)
6. The Distribution of Exchange Rates in the EMS
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (48)
   Also in Research Working Paper, Federal Reserve Bank of Kansas City (1994) View citations (18)
   See also Journal Article The Distribution of Exchange Rates in the EMS, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (1996) View citations (56) (1996)

1993

7. The marginal income tax rate schedule from 1930 to 1990
   Research Working Paper, Federal Reserve Bank of Kansas City
   See also Journal Article The marginal income tax rate schedule from 1930 to 1990, Journal of Monetary Economics, Elsevier (1996) View citations (5) (1996)

1992

8. Monetary transmission channels in major foreign industrial countries: a comment
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)

1991

9. 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
10. The international role of the dollar
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (2)

1990

11. An equilibrium model of spot and forward exchange rates
    Research Working Paper, Federal Reserve Bank of Kansas City
12. Cointegration: how short is the long run?
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (21)
    See also Journal Article Cointegration: how short is the long run?, Journal of International Money and Finance, Elsevier (1991) View citations (302) (1991)
13. Real and nominal exchange rates since 1919
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (6)

1989

14. Exchange rates in the 1980s
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)
15. The effect of marginal tax rates on GNP: 1931 to 1985
    Research Working Paper, Federal Reserve Bank of Kansas City

1987

16. How real is the \"real exchange rate?\"
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (2)
17. Market efficiency and cointegration
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (16)

1986

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

1982

21. A Reexamination of Purchasing Power Parity: A Multicountry and Multiperiod Study
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article A re-examination of purchasing power parity: A multi-country and multi-period study, Journal of International Economics, Elsevier (1984) View citations (73) (1984)

1981

22. Exchange Rate Determination and the Demand for Money
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Exchange Rate Determination and the Demand for Money, The Review of Economics and Statistics, MIT Press (1982) (1982)

1980

23. Expectations and the Forward Exchange Rate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Expectations and the Forward Exchange Rate, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1981) View citations (45) (1981)
24. The Term Structure of the Forward Premium
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science (1979)
    See also Journal Article The term structure of the forward premium, Journal of Monetary Economics, Elsevier (1981) View citations (15) (1981)

Journal Articles

2017

1. Bond Premiums and the Natural Real Rate of Interest
   Economic Review, 2017, (Q I), 5-39 View citations (10)

2016

2. Global Uncertainty in the Wake of Brexit
   Macro Bulletin, 2016, 1-4 View citations (1)

2015

3. Are longer-term inflation expectations stable?
   Macro Bulletin, 2015, 1-3 View citations (3)
4. Long-term survey-based inflation expectations have become better anchored
   Macro Bulletin, 2015, 1-3
5. The effect of the U.S. energy boom on the trade deficit
   Macro Bulletin, 2015, 1-3

2014

6. Evaluating monetary policy at the zero lower bound
   Macro Bulletin, 2014, 1-2 View citations (23)
   Also in Economic Review, 2014, (Q II), 5-32 (2014) View citations (27)
7. Implications of recent U.S. energy trends for trade forecasts
   Economic Review, 2014, (Q IV), 29-51 View citations (2)
8. Kansas City Fed's Labor Market Conditions Indicators (LMCI)
   Macro Bulletin, 2014, 1-2 View citations (2)

2013

9. Assessing labor market conditions: the level of activity and the speed of improvement
   Macro Bulletin, 2013, (july18), 1-2 View citations (6)

2010

10. Macroeconomic challenges: the decade ahead: an introduction to the 2010 Economic Policy Symposium
    Proceedings - Economic Policy Symposium - Jackson Hole, 2010, xxi-xxx
11. What is the effect of financial stress on economic activity
    Economic Review, 2010, 95, (Q II), 35-62 View citations (64)

2009

12. Financial stress: what is it, how can it be measured, and why does it matter?
    Economic Review, 2009, 94, (Q II), 5-50 View citations (193)

2008

13. PCE and CPI inflation differentials: converting inflation forecasts
    Economic Review, 2008, 93, (Q I), 51-68 View citations (3)

2006

14. Social Security and Medicare: the impending fiscal challenge
    Economic Review, 2006, 91, (Q I), 7-41

2001

15. Economic policy for the information economy: a summary of the Bank's 2001 Economic Symposium
    Proceedings - Economic Policy Symposium - Jackson Hole, 2001, xxii-xxxxi
    Also in Economic Review, 2001, 86, (Q IV), 5-27 (2001)

2000

16. The discount window: time for reform?
    Economic Review, 2000, 85, (Q II), 1-20 View citations (5)

1996

17. The Distribution of Exchange Rates in the EMS
    International Journal of Finance & Economics, 1996, 1, (1), 55-67 View citations (56)
    See also Working Paper The Distribution of Exchange Rates in the EMS, NBER Working Papers (1994) View citations (48) (1994)
18. The effects of budget deficit reduction on the exchange rate
    Economic Review, 1996, 81, (Q III), 21-38 View citations (9)
19. The marginal income tax rate schedule from 1930 to 1990
    Journal of Monetary Economics, 1996, 38, (1), 117-138 View citations (5)
    See also Working Paper The marginal income tax rate schedule from 1930 to 1990, Research Working Paper (1993) (1993)

1995

20. The Foreign Exchange Risk Premium: Is It Real?
    Journal of Money, Credit and Banking, 1995, 27, (2), 301-17 View citations (14)
21. The U.S. current account: the other deficit
    Economic Review, 1995, 80, (Q III), 11-24 View citations (2)

1994

22. A temporary solution to a problem with temporary variable names
    Stata Technical Bulletin, 1994, 3, (17) View citations (9)
23. Approximate p-values for unit root and cointegration tests
    Stata Technical Bulletin, 1994, 3, (17) View citations (9)
24. Should we throw sand in the gears of financial markets?
    Economic Review, 1994, 79, (Q II), 17-30 View citations (8)

1993

25. Exchange rate regimes and volatility
    Economic Review, 1993, 78, (Q III), 43-58 View citations (12)

1992

26. Discount rate policy under alternative operating procedures: An empirical investigation
    International Review of Economics & Finance, 1992, 1, (1), 55-72 View citations (15)
27. 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
28. Is purchasing power parity a useful guide to the dollar?
    Economic Review, 1992, 77, (Q III), 37-51 View citations (21)

1991

29. Cointegration: how short is the long run?
    Journal of International Money and Finance, 1991, 10, (4), 571-581 View citations (302)
    See also Working Paper Cointegration: how short is the long run?, Research Working Paper (1990) View citations (21) (1990)
30. Is the Budget Deficit "Too Large?"
    Economic Inquiry, 1991, 29, (3), 429-45 View citations (346)

1990

31. A note on physical depreciation and the capital accumulation process
    Journal of Development Economics, 1990, 34, (1-2), 385-395 View citations (1)
32. 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 (9)
33. The probability of technical success and R&D appraisal
    Resources and Energy, 1990, 11, (2), 159-175

1989

34. Europe 1992: implications for U.S. firms
    Economic Review, 1989, 74, (Apr), 3-17
35. 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 (169)

1987

36. Has the dollar fallen enough?
    Economic Review, 1987, 72, (Jul), 24-41

1986

37. 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 (43)
38. Interest rates and exchange rates--what is the relationship?
    Economic Review, 1986, 71, (Nov), 33-43 View citations (6)
39. Intertemporal asset pricing and the term structures of exchange rates and interest rates: The eurocurrency market
    European Economic Review, 1986, 30, (2), 325-344 View citations (4)

1985

40. Conditional variance and the risk premium in the foreign exchange market
    Journal of International Economics, 1985, 19, (1-2), 47-66 View citations (206)
41. Costs and benefits of reducing inflation
    Economic Review, 1985, 70, (Jan), 3-15 View citations (2)
42. Is the United States too dependent on foreign capital?
    Economic Review, 1985, 70, (Jun), 23-36 View citations (1)
43. The Reaction of Exchange Rates to Economic News
    Economic Inquiry, 1985, 23, (4), 621-36 View citations (66)
44. The U. S. dollar: recent developments, outlook, and policy options
    Economic Review, 1985, 70, (Sep), 3-15

1984

45. 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 (73)
    See also Working Paper A Reexamination of Purchasing Power Parity: A Multicountry and Multiperiod Study, NBER Working Papers (1982) View citations (2) (1982)
46. Exchange rate volatility and Federal Reserve policy
    Economic Review, 1984, 69, (Jul), 18-31 View citations (1)

1982

47. Exchange Rate Determination and the Demand for Money
    The Review of Economics and Statistics, 1982, 64, (4), 681-86
    See also Working Paper Exchange Rate Determination and the Demand for Money, NBER Working Papers (1981) View citations (2) (1981)

1981

48. Expectations and the Forward Exchange Rate
    International Economic Review, 1981, 22, (3), 663-78 View citations (45)
    See also Working Paper Expectations and the Forward Exchange Rate, NBER Working Papers (1980) View citations (5) (1980)
49. The term structure of the forward premium
    Journal of Monetary Economics, 1981, 8, (1), 41-58 View citations (15)
    See also Working Paper The Term Structure of the Forward Premium, NBER Working Papers (1980) (1980)

1980

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