Details about Dale William Henderson

Access statistics for papers by Dale William Henderson.

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Short-id: phe369

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Working Papers

2016

1. Interpreting Shocks to the Relative Price of Investment with a Two-Sector Model
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
   See also Journal Article Interpreting shocks to the relative price of investment with a two‐sector model, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2020) View citations (1) (2020)

2010

2. Interpreting investment-specific technology shocks
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (18)

2006

3. Price-level determinacy, lower bounds on the nominal interest rate, and liquidity traps
   Working Paper, Norges Bank View citations (18)
   Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations (3)
   See also Journal Article Price-Level Determinacy, Lower Bounds on the Nominal Interest Rate, and Liquidity Traps, The B.E. Journal of Macroeconomics, De Gruyter (2006) View citations (21) (2006)

2005

4. Investment-Specific and Multifactor Productivity in Multi-Sector Open Economies:Data and Analysis
   Computing in Economics and Finance 2005, Society for Computational Economics View citations (7)
   Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2005) View citations (10)

2004

5. Is inflation targeting best-practice monetary policy?
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (51)
   See also Journal Article Is inflation targeting best-practice monetary policy?, Review, Federal Reserve Bank of St. Louis (2004) View citations (70) (2004)

2002

6. Inflation Targeting and Nominal Income Growth Targeting: When and Why Are They Suboptimal?
   Computing in Economics and Finance 2002, Society for Computational Economics View citations (9)
   Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (9)
   See also Journal Article Inflation targeting and nominal-income-growth targeting: When and why are they suboptimal?, Journal of Monetary Economics, Elsevier (2005) View citations (41) (2005)
7. International coordination of macroeconomic policies: still alive in the new millennium?
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (8)

2000

8. Monetary policy when the nominal short-term interest rate is zero
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (31)
   See also Journal Article Monetary Policy When the Nominal Short-Term Interest Rate is Zero, The B.E. Journal of Macroeconomics, De Gruyter (2003) View citations (122) (2003)

1999

9. Exact utilities under alternative monetary rules in a simple macro model with optimizing agents
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (18)
   See also Journal Article Exact Utilities under Alternative Monetary Rules in a Simple Macro Model with Optimizing Agents, International Tax and Public Finance, Springer (1999) View citations (20) (1999)
10. Optimal Monetary Policy with Staggered Wage and Price Contracts
    Computing in Economics and Finance 1999, Society for Computational Economics View citations (97)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1999) View citations (37)
    See also Journal Article Optimal monetary policy with staggered wage and price contracts, Journal of Monetary Economics, Elsevier (2000) View citations (2036) (2000)

1998

11. The choice of a monetary policy reaction function in a simple optimizing model
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
12. Tradeoffs Between Inflation and Output-Gap Variances in an Optimizing-Agent Model
    Working Papers, Stockholm - International Economic Studies View citations (14)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1998) View citations (6)
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1998) View citations (13)

1997

13. Can government gold be put to better use?: Qualitative and quantitative policies
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)

1995

14. Uncertainty, instrument choice, and the uniqueness of Nash equilibrium: microeconomic and macroeconomic examples
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)

1993

15. A comparison of some basic monetary policy regimes for open economies: implications of different degrees of instrument adjustment and wage persistence
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (56)
    See also Journal Article A comparison of some basic monetary policy regimes for open economies: implications of different degrees of instrument adjustment and wage persistence, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1993) View citations (150) (1993)

1988

16. Nominal interest rate pegging under alternative expectations hypotheses
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
    See also Journal Article Nominal interest rate pegging under alternative expectations hypotheses, Proceedings, Board of Governors of the Federal Reserve System (U.S.) (1990) View citations (5) (1990)

1984

17. The Specification and Influence of Asset Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Chapter The specification and influence of asset markets, Handbook of International Economics, Elsevier (1985) View citations (245) (1985)

1983

18. Deficit-savings ratios as indicators of interest-rate pressure: a collection of notes
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
19. Definition and measurement of exchange market intervention
    Staff Studies, Board of Governors of the Federal Reserve System (U.S.) View citations (12)

1982

20. The role of intervention policy in open economy financial policy: a macroeconomic perspective
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)

1981

21. New foreign asset positions and stability in a world portfolio balance model
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
22. Reserve requirements on Eurocurrency deposits: implications for the stabilization of real outputs
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
23. The information content of the interest rate and optimal monetary policy
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (5)
    See also Journal Article The Information Content of the Interest Rate and Optimal Monetary Policy, The Quarterly Journal of Economics, President and Fellows of Harvard College (1983) View citations (45) (1983)

1980

24. Reserve requirements on Eurocurrency deposits: implications for Eurodeposit multipliers, control of a monetary aggregate, and avoidance of redenomination incentives
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

1979

25. Financial policies in open economies
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (14)
    See also Journal Article Financial Policies in Open Economies, American Economic Review, American Economic Association (1979) View citations (18) (1979)
26. The dynamic effects of exchange market intervention policy: two extreme views and a synthesis
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)

1977

27. Critical determinants of the effectiveness of monetary policy in the open economy
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)

1976

28. Central bank operations in foreign and domestic assets under fixed and flexible exchange rates
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
29. Market anticipations, government policy, and the price of gold
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (88)

1974

30. Unemployment and stabilization policy in a two-sector, two-country aggregative model
    Working Papers, Federal Reserve Bank of Minneapolis

1973

31. A two country model of financial capital movements as stock adjustments with emphasis on the effects of central bank policy
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)

1972

32. Monetary and fiscal policy in a two-sector aggregative model
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
    See also Journal Article Monetary and Fiscal Policy in a Two-Sector Aggregative Model, American Economic Review, American Economic Association (1973) View citations (4) (1973)

Journal Articles

2020

1. Interpreting shocks to the relative price of investment with a two‐sector model
   Journal of Applied Econometrics, 2020, 35, (1), 82-98 View citations (1)
   See also Working Paper Interpreting Shocks to the Relative Price of Investment with a Two-Sector Model, Finance and Economics Discussion Series (2016) (2016)

2014

2. MODELING INVESTMENT‐SECTOR EFFICIENCY SHOCKS: WHEN DOES DISAGGREGATION MATTER?
   International Economic Review, 2014, 55, (3), 891-917 View citations (4)

2007

3. The benefits of expediting government gold sales
   Review of Financial Economics, 2007, 16, (3), 235-258 View citations (2)
   Also in Review of Financial Economics, 2007, 16, (3), 235-258 (2007)

2006

4. Price-Level Determinacy, Lower Bounds on the Nominal Interest Rate, and Liquidity Traps
   The B.E. Journal of Macroeconomics, 2006, 6, (1), 1-27 View citations (21)
   See also Working Paper Price-level determinacy, lower bounds on the nominal interest rate, and liquidity traps, Working Paper (2006) View citations (18) (2006)

2005

5. Inflation targeting and nominal-income-growth targeting: When and why are they suboptimal?
   Journal of Monetary Economics, 2005, 52, (8), 1463-1495 View citations (41)
   See also Working Paper Inflation Targeting and Nominal Income Growth Targeting: When and Why Are They Suboptimal?, Computing in Economics and Finance 2002 (2002) View citations (9) (2002)

2004

6. Is inflation targeting best-practice monetary policy?
   Review, 2004, 86, (Jul), 117-144 View citations (70)
   See also Working Paper Is inflation targeting best-practice monetary policy?, International Finance Discussion Papers (2004) View citations (51) (2004)

2003

7. Monetary Policy When the Nominal Short-Term Interest Rate is Zero
   The B.E. Journal of Macroeconomics, 2003, 3, (1), 65 View citations (122)
   See also Working Paper Monetary policy when the nominal short-term interest rate is zero, Finance and Economics Discussion Series (2000) View citations (31) (2000)

2002

8. Comment on: Openness, imperfect exchange rate pass-through and monetary policy
   Journal of Monetary Economics, 2002, 49, (5), 983-988 View citations (6)

2000

9. Optimal monetary policy with staggered wage and price contracts
   Journal of Monetary Economics, 2000, 46, (2), 281-313 View citations (2036)
   See also Working Paper Optimal Monetary Policy with Staggered Wage and Price Contracts, Computing in Economics and Finance 1999 (1999) View citations (97) (1999)
10. The stock market, fundamentals, cash flow, and private investment: evidence from Japan
    Japan and the World Economy, 2000, 12, (4), 295-310

1999

11. Exact Utilities under Alternative Monetary Rules in a Simple Macro Model with Optimizing Agents
    International Tax and Public Finance, 1999, 6, (4), 507-535 View citations (20)
    See also Working Paper Exact utilities under alternative monetary rules in a simple macro model with optimizing agents, International Finance Discussion Papers (1999) View citations (18) (1999)
12. Monetary policy issues for the Eurosystem: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1999, 51, (1), 137-148

1993

13. A comparison of some basic monetary policy regimes for open economies: implications of different degrees of instrument adjustment and wage persistence
    Carnegie-Rochester Conference Series on Public Policy, 1993, 39, (1), 221-317 View citations (150)
    See also Working Paper A comparison of some basic monetary policy regimes for open economies: implications of different degrees of instrument adjustment and wage persistence, International Finance Discussion Papers (1993) View citations (56) (1993)

1990

14. Nominal interest rate pegging under alternative expectations hypotheses
    Proceedings, 1990, 438-473 View citations (5)
    See also Working Paper Nominal interest rate pegging under alternative expectations hypotheses, International Finance Discussion Papers (1988) (1988)
15. Uncertainty and the choice of instruments in a two-country monetary-policy game
    Open Economies Review, 1990, 1, (1), 39-65 View citations (7)

1988

16. Is sovereign policymaking bad?
    Carnegie-Rochester Conference Series on Public Policy, 1988, 28, (1), 93-140 View citations (38)

1987

17. Small empirical models of exchange market intervention: Applications to Germany, Japan, and Canada
    Journal of Policy Modeling, 1987, 9, (1), 143-173 View citations (13)

1986

18. Comments on Edwards
    Journal of International Money and Finance, 1986, 5, (1, Supplement), S97-S99
19. Noncooperative monetary policies in interdependent economies: time consistency and reputation
    Proceedings, 1986 View citations (2)

1983

20. The Information Content of the Interest Rate and Optimal Monetary Policy
    The Quarterly Journal of Economics, 1983, 98, (4), 545-566 View citations (45)
    See also Working Paper The information content of the interest rate and optimal monetary policy, International Finance Discussion Papers (1981) View citations (5) (1981)

1982

21. Negative net foreign asset positions and stability in a world portfolio balance model
    Journal of International Economics, 1982, 13, (1-2), 85-104 View citations (61)

1980

22. Analyzing arrangements for reducing exchange-rate variability: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1980, 13, (1), 223-237 View citations (2)

1979

23. Financial Policies in Open Economies
    American Economic Review, 1979, 69, (2), 232-39 View citations (18)
    See also Working Paper Financial policies in open economies, International Finance Discussion Papers (1979) View citations (14) (1979)

1978

24. Fiscal policy in closed and open economies: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1978, 9, (1), 181-202
25. Market Anticipations of Government Policies and the Price of Gold
    Journal of Political Economy, 1978, 86, (4), 627-48 View citations (162)

1977

26. Eurodollars, petrodollars, and world liquidity and inflation: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1977, 5, (1), 311-318 View citations (2)
27. Modeling the Interdependence of National Money and Capital Markets
    American Economic Review, 1977, 67, (1), 190-99 View citations (9)

1976

28. Financial capital movements and central bank behavior in a two-country, short-run portfolio balance model
    Journal of Monetary Economics, 1976, 2, (1), 33-61 View citations (22)

1973

29. Monetary and Fiscal Policy in a Two-Sector Aggregative Model
    American Economic Review, 1973, 63, (3), 345-65 View citations (4)
    See also Working Paper Monetary and fiscal policy in a two-sector aggregative model, Special Studies Papers (1972) View citations (1) (1972)

1972

30. Optimal macroeconomic policy adjustment under conditions of risk
    Journal of Economic Theory, 1972, 4, (1), 58-71 View citations (8)

Books

1991

1. Monetary Policy in Interdependent Economies: A Game-Theoretic Approach, vol 1
   MIT Press Books, The MIT Press View citations (155)

Chapters

1988

1. Roundtable on Exchange Rate Policy
   A chapter in Misalignment of Exchange Rates: Effects on Trade and Industry, 1988, pp 149-168
2. Time Consistency and Trigger Mechanisms in Open-Economy Monetary Policy Games
   Palgrave Macmillan

1985

3. The specification and influence of asset markets
   Chapter 15 in Handbook of International Economics, 1985, vol. 2, pp 749-805 View citations (245)
   See also Working Paper The Specification and Influence of Asset Markets, National Bureau of Economic Research, Inc (1984) View citations (12) (1984)

1984

4. Exchange Market Intervention Operations: Their Role in Financial Policy and Their Effects
   A chapter in Exchange Rate Theory and Practice, 1984, pp 359-406 View citations (16)