Details about Joseph Haslag

E-mail:
Homepage:	http://web.missouri.edu/~haslagj/
Postal address:	Dept of Economics 118 Professional BLDG UMC Columbia, MO 65211
Workplace:	Economics Department, University of Missouri, (more information at EDIRC)

Access statistics for papers by Joseph Haslag.

Last updated 2022-07-28. Update your information in the RePEc Author Service.

Short-id: pha73

---

Jump to Journal Articles Books Software Items

Working Papers

2022

1. Financial Innovations in a World with Limited Commitment: Implications for Inequality and Welfare
   Working Papers, Department of Economics, University of Missouri
2. Optimal Intermediary Contracts
   Working Papers, Department of Economics, University of Missouri

2020

3. Monetary and Fiscal Policy Interactions in a Frictional Model of Money, Nominal Public Debt and Banking
   Working Papers, Department of Economics, University of Missouri

2019

4. On Processing Central Bank Communications: Can We Account for Fed Watching?
   2019 Meeting Papers, Society for Economic Dynamics

2017

5. Computing State Average Marginal Income Tax Rate: An Application to Missouri
   Working Papers, Department of Economics, University of Missouri
   See also Journal Article in Growth and Change (2019)
6. On Phase Shifts in a New Keynesian Model Economy
   Working Papers, Department of Economics, University of Missouri
   See also Journal Article in Macroeconomic Dynamics (2021)
7. To Fed Watch or Not to Fed Watch: Equilibrium Analysis of Bank System Dynamics
   Working Papers, Department of Economics, University of Missouri

2015

8. Money, Interest Rates and Output Revisited
   Working Papers, Department of Economics, University of Missouri

2014

9. On Understanding the Cyclical Behavior of the Price Level and Inflation
   Working Papers, Department of Economics, University of Missouri View citations (4)

2013

10. Government Policy under Price Uncertainty: A Source of Volatility in Illegal Immigration
    Economics Discussion Papers, Department of Economics, University of Reading
    See also Journal Article in Canadian Journal of Economics/Revue canadienne d'économique (2015)

2012

11. Cyclical Co-movement between Output, the Price Level, and Inflation
    Working Papers, Department of Economics, University of Missouri View citations (7)
12. Unconventional Optimal Repurchase Agreements
    2012 Meeting Papers, Society for Economic Dynamics

2010

13. Production, Hidden Action, and the Payment System
    Working Papers, Department of Economics, University of Missouri View citations (2)
    See also Journal Article in Journal of Monetary Economics (2011)

2009

14. Optimal Monetary Policy and Economic Growth
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (19)
    Also in ISU General Staff Papers, Iowa State University, Department of Economics (2006)
    ISU General Staff Papers, Iowa State University, Department of Economics (2009)
    See also Journal Article in European Economic Review (2009)
15. Why does overnight liquidity cost more than intraday liquidity?
    ISU General Staff Papers, Iowa State University, Department of Economics
    Also in Staff Reports, Federal Reserve Bank of New York (2007) View citations (7)
    Staff General Research Papers Archive, Iowa State University, Department of Economics (2007) View citations (7)
    ISU General Staff Papers, Iowa State University, Department of Economics (2007)
    See also Journal Article in Journal of Economic Dynamics and Control (2009)

2008

16. Understanding the cost difference between intraday and overnight liquidity
    ISU General Staff Papers, Iowa State University, Department of Economics
    Also in Staff General Research Papers Archive, Iowa State University, Department of Economics (2003)
    See also Journal Article in Journal of Financial Transformation (2008)
17. Who is Afraid of the Friedman Rule
    ISU General Staff Papers, Iowa State University, Department of Economics View citations (3)
    Also in Staff Reports, Federal Reserve Bank of New York (2005)
    Staff General Research Papers Archive, Iowa State University, Department of Economics (2004) View citations (4)
    Working Papers, Department of Economics, University of Missouri (2004)
    See also Journal Article in Economic Inquiry (2008)

2007

18. Money, output and the payment system: Optimal monetary policy in a model with hidden effort
    Working Papers, Department of Economics, University of Missouri View citations (4)

2006

19. Sub-optimality of the Friedman rule in Townsend's turnpike and stochastic relocation models of money: do finite lives and initial dates matter?
    ISU General Staff Papers, Iowa State University, Department of Economics
    Also in ISU General Staff Papers, Iowa State University, Department of Economics (2005)
    Staff General Research Papers Archive, Iowa State University, Department of Economics (2005) View citations (4)
    See also Journal Article in Journal of Economic Dynamics and Control (2006)

2005

20. Heterogeneity, redistribution, and the Friedman rule
    ISU General Staff Papers, Iowa State University, Department of Economics
    Also in Staff General Research Papers Archive, Iowa State University, Department of Economics (2004) View citations (11)
    Research Working Paper, Federal Reserve Bank of Kansas City (2004) View citations (15)
    ISU General Staff Papers, Iowa State University, Department of Economics (2004)
    See also Journal Article in International Economic Review (2005)
21. Optimality of the Friedman rule in an overlapping generations model with spatial separation
    Staff Reports, Federal Reserve Bank of New York View citations (2)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2003) View citations (8)
    Working Papers, Department of Economics, University of Missouri (2003) View citations (15)
    See also Journal Article in Journal of Money, Credit and Banking (2007)
22. The Tobin effect and the Friedman rule
    Staff Reports, Federal Reserve Bank of New York
23. The non-monotonic relationship between seigniorage and inequality
    ISU General Staff Papers, Iowa State University, Department of Economics View citations (11)
    Also in Staff General Research Papers Archive, Iowa State University, Department of Economics (2003)
    ISU General Staff Papers, Iowa State University, Department of Economics (2004)
    See also Journal Article in Canadian Journal of Economics (2005)
24. The role of money in two alternative models: When is the Friedman rule optimal, and why?
    ISU General Staff Papers, Iowa State University, Department of Economics
    Also in Staff General Research Papers Archive, Iowa State University, Department of Economics (2004) View citations (5)
    ISU General Staff Papers, Iowa State University, Department of Economics (2004)
    See also Journal Article in Journal of Monetary Economics (2005)

2004

25. Accounting for Fluctuations in Social Network Usage and Migration Dynamics
    Working Papers, Department of Economics, University of Missouri View citations (7)
    Also in Working Papers, Federal Reserve Bank of Dallas (2004) View citations (7)
26. Sub-Optimality of the Friedman Rule in Townsends Turnpike and Limited Communication Models of money: Do finite lives and initial dates matter?
    Working Papers, Department of Economics, University of Missouri View citations (1)

2003

27. A Role for Sunspots in Explaining Endogenous Fluctutations in Illegal Immigration
    Working Papers, Department of Economics, University of Missouri
28. A role for government policy and sunspots in explaining endogenous fluctuations in illegal immigration
    Working Papers, Federal Reserve Bank of Dallas View citations (1)
29. Is Reserve Ratio Arithmetic More Pleasant?
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (2)
    Also in ISU General Staff Papers, Iowa State University, Department of Economics (2003) View citations (2)
30. Monetary Policy, Fiscal Policy, and the Inflation Tax: Equivalence Results
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (3)
    Also in ISU General Staff Papers, Iowa State University, Department of Economics (2003) View citations (3)
    See also Journal Article in Macroeconomic Dynamics (2003)
31. The Effect of Monetary Policy on Economic Output
    Working Papers, Department of Economics, University of Missouri
32. Understanding the Roles of Money, or When is the Friedman Rule Optimal, and Why?
    Working Papers, Department of Economics, University of Missouri View citations (6)

2002

33. Coyote crossings: the role of smugglers in illegal immigration and border enforcement
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (4)
    Also in Working Papers, Federal Reserve Bank of Dallas (2002) View citations (3)

2001

34. On the Use of the Inflation Tax When Nondistortionary Taxes Are Available
    ISU General Staff Papers, Iowa State University, Department of Economics View citations (16)
    Also in ISU General Staff Papers, Iowa State University, Department of Economics (2001)
    Staff General Research Papers Archive, Iowa State University, Department of Economics (2001) View citations (17)
    See also Journal Article in Review of Economic Dynamics (2001)

2000

35. On Fed watching and central bank transparency in an overlapping generations model
    Working Papers, Federal Reserve Bank of Dallas View citations (2)
36. Reliance, Composition, and Inflation
    Staff General Research Papers Archive, Iowa State University, Department of Economics
    Also in ISU General Staff Papers, Iowa State University, Department of Economics (2000)
    See also Journal Article in Economic and Financial Policy Review (2000)

1999

37. Central bank responsibility, seigniorage, and welfare
    Working Papers, Federal Reserve Bank of Dallas
38. Financial repression, financial development and economic growth
    Working Papers, Federal Reserve Bank of Dallas View citations (35)
39. Has monetary policy become less effective?
    Working Papers, Federal Reserve Bank of Dallas
40. Monetary Policy Arithmetic: Some Recent Contributions
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (9)
    Also in ISU General Staff Papers, Iowa State University, Department of Economics (1999) View citations (10)
    See also Journal Article in Economic and Financial Policy Review (1999)
41. Seigniorage in a neoclassical economy: some computational results
    Working Papers, Federal Reserve Bank of Dallas View citations (4)

1998

42. Revenue-maximizing monetary policy
    Working Papers, Federal Reserve Bank of Dallas
    See also Journal Article in Review of Economic Dynamics (1998)

1997

43. Specialization and the effects of transactions costs on equilibrium exchange
    Working Papers, Federal Reserve Bank of Dallas

1996

44. The monetary policy effects on seigniorage revenue in a simple growth model
    Working Papers, Federal Reserve Bank of Dallas

1995

45. A comparison of alternative monetary environments
    Working Papers, Federal Reserve Bank of Dallas
46. Inflation and intermediation in a model with endogenous growth
    Working Papers, Federal Reserve Bank of Dallas View citations (2)
47. Monetary policy, banking, and growth
    Working Papers, Federal Reserve Bank of Dallas View citations (2)
    See also Journal Article in Economic Inquiry (1998)

1994

48. Monetary base rules: the currency caveat
    Working Papers, Federal Reserve Bank of Dallas
49. The effects of monetary policy in a model with reserve requirements
    Working Papers, Federal Reserve Bank of Dallas View citations (2)

1993

50. Are net discount rates stationary?: some further evidence
    Working Papers, Federal Reserve Bank of Dallas View citations (5)
51. Constructing an alternative measure of changes in reserve requirement ratios
    Working Papers, Federal Reserve Bank of Dallas
52. Does it matter how monetary policy is implemented?
    Working Papers, Federal Reserve Bank of Dallas
    Also in Working Papers, Federal Reserve Bank of Dallas (1990)
    See also Journal Article in Journal of Monetary Economics (1995)
53. On quantity theory restriction and the signalling of the money multiplier
    Working Papers, Federal Reserve Bank of Dallas View citations (1)
54. On the optimality of interest-bearing reserves in economies of overlapping generations
    Working Papers, Federal Reserve Bank of Dallas
    See also Journal Article in Economic Theory (1996)
55. Price stabilization, output stabilization and coordinated monetary policy actions
    Working Papers, Federal Reserve Bank of Dallas

1991

56. Evaluating monetary base targeting rules
    Working Papers, Federal Reserve Bank of Dallas View citations (7)

1990

57. Are net discount ratios stationary?: the implications for present value calculations
    Working Papers, Federal Reserve Bank of Dallas View citations (3)

1989

58. Asymmetric information and the role of FED watching
    Working Papers, Federal Reserve Bank of Dallas
59. Federal Reserve System reserve requirements: 1959-88--a note
    Working Papers, Federal Reserve Bank of Dallas View citations (2)
60. Macroeconomic policy and income inequality: an error-correction representation
    Working Papers, Federal Reserve Bank of Dallas View citations (1)
61. Nominal GNP growth and adjusted reserve growth: nonnested tests of the St. Louis and Board measures
    Working Papers, Federal Reserve Bank of Dallas
62. The effects of financial deregulation on inflation, velocity growth, and monetary targeting
    Working Papers, Federal Reserve Bank of Dallas View citations (2)

1988

63. Augmented information in a theory of ambiguity, credibility and inflation
    Working Papers, Federal Reserve Bank of Dallas
64. Evidence on the two monetary base measures and economic activity
    Working Papers, Federal Reserve Bank of Dallas
65. Theoretical macroeconomic modelling and qualitative specifications of the bond market
    Working Papers, Federal Reserve Bank of Dallas

1987

66. Government debt, output, and asymmetric information
    Working Papers, Federal Reserve Bank of St. Louis

1985

67. The market value of government of Canada debt; Monthly, 1937–84
    Working Papers, Federal Reserve Bank of Dallas
    See also Journal Article in Canadian Journal of Economics (1986)

Journal Articles

2022

1. On the Economic Impacts of Transportation Innovations: A Comprehensive Application to Quantifying the Impacts of an Hyperloop Technology
   The Economics and Finance Letters, 2022, 9, (1), 110-124

2021

2. Monetary and fiscal policy interactions in a frictional model of fiat money, nominal public debt and banking
   European Economic Review, 2021, 139, (C)
3. ON PHASE SHIFTS IN A NEW KEYNESIAN MODEL ECONOMY
   Macroeconomic Dynamics, 2021, 25, (8), 2080-2101
   See also Working Paper (2017)

2019

4. Computing state average marginal income tax rates: An application to Missouri
   Growth and Change, 2019, 50, (1), 424-445
   See also Working Paper (2017)

2016

5. A tale of two correlations: Evidence and theory regarding the phase shift between the price level and output
   Journal of Economic Dynamics and Control, 2016, 67, (C), 40-57 View citations (3)

2015

6. Government policy under price uncertainty: A source of volatility in illegal immigration
   Canadian Journal of Economics/Revue canadienne d'économique, 2015, 48, (3), 940-962
   See also Working Paper (2013)

2014

7. Unconventional Optimal Open Market Purchases
   Review of Economic Dynamics, 2014, 17, (3), 543-558 View citations (2)
   See also Software Item (2013)

2011

8. Production, hidden action, and the payment system
   Journal of Monetary Economics, 2011, 58, (2), 172-182 View citations (6)
   See also Working Paper (2010)

2009

9. Optimal monetary policy and economic growth
   European Economic Review, 2009, 53, (2), 210-221 View citations (16)
   See also Working Paper (2009)
10. Why does overnight liquidity cost more than intraday liquidity?
    Journal of Economic Dynamics and Control, 2009, 33, (6), 1236-1246 View citations (9)
    See also Working Paper (2009)

2008

11. On the determinants of optimal border enforcement
    Economic Theory, 2008, 34, (2), 261-296 View citations (9)
12. Understanding the cost difference between intraday and overnight liquidity
    Journal of Financial Transformation, 2008, 24, 105-107 View citations (1)
    See also Working Paper (2008)
13. WHO IS AFRAID OF THE FRIEDMAN RULE?
    Economic Inquiry, 2008, 46, (2), 113-130 View citations (4)
    See also Working Paper (2008)

2007

14. On money and output: Is money redundant?
    Journal of Monetary Economics, 2007, 54, (3), 945-954 View citations (45)
15. Optimality of the Friedman Rule in an Overlapping Generations Model with Spatial Separation
    Journal of Money, Credit and Banking, 2007, 39, (7), 1741-1758 View citations (20)
    See also Working Paper (2005)

2006

16. Sub-optimality of the Friedman rule in Townsend's turnpike and stochastic relocation models of money: Do finite lives and initial dates matter?
    Journal of Economic Dynamics and Control, 2006, 30, (5), 879-897 View citations (6)
    See also Working Paper (2006)

2005

17. Crony Capitalism and Financial System Stability
    Economic Inquiry, 2005, 43, (1), 24-38 View citations (1)
18. HETEROGENEITY, REDISTRIBUTION, AND THE FRIEDMAN RULE
    International Economic Review, 2005, 46, (2), 437-454 View citations (53)
    See also Working Paper (2005)
19. The non-monotonic relationship between seigniorage and inequality
    Canadian Journal of Economics, 2005, 38, (2), 500-519 View citations (11)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2005, 38, (2), 500-519 (2005) View citations (2)
    See also Working Paper (2005)
20. The role of money in two alternative models: When is the Friedman rule optimal, and why?
    Journal of Monetary Economics, 2005, 52, (8), 1401-1433 View citations (44)
    See also Working Paper (2005)

2003

21. MONETARY POLICY, FISCAL POLICY, AND THE INFLATION TAX: EQUIVALENCE RESULTS
    Macroeconomic Dynamics, 2003, 7, (5), 647-669 View citations (3)
    See also Working Paper (2003)

2001

22. On the Use of the Inflation Tax When Nondistortionary Taxes Are Available
    Review of Economic Dynamics, 2001, 4, (4), 823-841 View citations (15)
    See also Working Paper (2001)

2000

23. Reliance, composition, and inflation
    Economic and Financial Policy Review, 2000, (Q IV), 20-28
    See also Working Paper (2000)

1999

24. Monetary policy arithmetic: some recent contributions
    Economic and Financial Policy Review, 1999, (Q III), 26-36 View citations (11)
    See also Working Paper (1999)

1998

25. Grading TIPS: an \\"I\\" for incomplete
    Southwest Economy, 1998, (Sep), 5-8
26. Monetary Policy, Banking, and Growth
    Economic Inquiry, 1998, 36, (3), 489-500 View citations (20)
    See also Working Paper (1995)
27. Money Creation, Reserve Requirements, and Seigniorage
    Review of Economic Dynamics, 1998, 1, (3), 677-698 View citations (18)
    See also Working Paper (1998)
28. Seigniorage revenue and monetary policy: some preliminary evidence
    Economic and Financial Policy Review, 1998, (Q III), 10-20 View citations (4)

1997

29. Output, growth, welfare, and inflation: a survey
    Economic and Financial Policy Review, 1997, (Q II), 11-21 View citations (10)

1996

30. Honest money is the best policy
    Southwest Economy, 1996, (May), 6-9
31. Implementing monetary base rules: The currency problem
    Journal of Economics and Business, 1996, 48, (5), 461-472 View citations (4)
32. On the Optimality of Interest-Bearing Reserves in Economies of Overlapping Generations
    Economic Theory, 1996, 7, (3), 557-65 View citations (24)
    Also in Economic Theory, 1996, 7, (3), 557-565 (1996) View citations (19)
    See also Working Paper (1993)

1995

33. Cyclical Fluctuations, Macroeconomic Policy, and the Size Distribution of Income: Some Preliminary Evidence
    Journal of Income Distribution, 1995, 04, (1), 1-1 View citations (1)
34. Does it matter how monetary policy is implemented?
    Journal of Monetary Economics, 1995, 35, (2), 359-386 View citations (12)
    See also Working Paper (1993)
35. Measuring the policy effects of changes in reserve requirement ratios
    Economic and Financial Policy Review, 1995, (Q III), 2-15 View citations (1)
36. Quasi Balance-Sheet Measures of U.S. Monetary Policy: A Closer Look
    Journal of Money, Credit and Banking, 1995, 27, (1), 124-39 View citations (1)
37. Should bank reserves earn interest?
    Economic and Financial Policy Review, 1995, (Q IV), 25-33 View citations (6)

1994

38. Monetary policy and recent business-cycle experience
    Economic and Financial Policy Review, 1994, (Q III), 14-28 View citations (1)
39. U.S. economic forecasts calls for slightly slower growth
    Southwest Economy, 1994, (Dec), 1-4

1993

40. A look at long-term developments in the distribution of income
    Economic and Financial Policy Review, 1993, (Jan), 19-30 View citations (2)
41. The U.S. economy: a brighter outlook after a bumpy ride
    Southwest Economy, 1993, (Mar), 1-4

1992

42. A Theory of Fed Watching in a Macroeconomic Policy Game
    International Economic Review, 1992, 33, (3), 619-28 View citations (7)
43. Macroeconomic Activity and Monetary Policy Actions: Some Preliminary Evidence
    Journal of Money, Credit and Banking, 1992, 24, (4), 431-46 View citations (2)
44. The haves and have-nots: a study of income inequality
    Southwest Economy, 1992, (Sep), 1-4
45. Trends in income mobility
    Southwest Economy, 1992, (Sep), 5

1991

46. Money growth, supply shocks, and inflation
    Economic and Financial Policy Review, 1991, (May), 1-17 View citations (1)
47. Variability and forecastability of central bank preferences in a monetary policy game
    Journal of Macroeconomics, 1991, 13, (3), 535-541

1990

48. Economic Activity and Two Monetary Base Measures
    The Review of Economics and Statistics, 1990, 72, (4), 672-76 View citations (4)
49. Monetary aggregates and the rate of inflation
    Economic and Financial Policy Review, 1990, (Mar), 1-12 View citations (2)

1989

50. Federal Reserve System Reserve Requirements, 1959-1988: A Note
    Journal of Money, Credit and Banking, 1989, 21, (4), 515-23 View citations (1)
51. Reserve requirements, the monetary base, and economic activity
    Economic and Financial Policy Review, 1989, (Mar), 1-15 View citations (4)

1988

52. A study of the relationship between economic growth and inequality: the case of Mexico
    Economic and Financial Policy Review, 1988, (May), 13-25
53. The FOMC IN 1987: the effects of a falling dollar and the stock market collapse
    Review, 1988, (Mar), 3-16

1986

54. The Market Value of Government of Canada Debt, Monthly, 1937-84
    Canadian Journal of Economics, 1986, 19, (3), 469-97 View citations (1)
    See also Working Paper (1985)

Books

2022

1. Modeling Monetary Economies
   Cambridge Books, Cambridge University Press View citations (1)
   Also in Cambridge Books, Cambridge University Press (2022) View citations (1)

Software Items

2013

1. Code files for "Unconventional Optimal Open Market Purchases"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2014)