Details about Michael Pakko

Access statistics for papers by Michael Pakko.

Last updated 2022-03-07. Update your information in the RePEc Author Service.

Short-id: ppa12

Working Papers

2009

1. Casino revenue and the Illinois smoking ban
   Working Papers, Federal Reserve Bank of St. Louis
2. Taylor-type rules and permanent shifts in productivity growth
   Working Papers, Federal Reserve Bank of St. Louis View citations (1)

2007

3. Inflation risk and optimal monetary policy
   Working Papers, Federal Reserve Bank of St. Louis View citations (2)
   See also Journal Article in Macroeconomic Dynamics (2009)
4. Monetary policy and natural disasters in a DSGE model: how should the Fed have responded to Hurricane Katrina?
   Working Papers, Federal Reserve Bank of St. Louis View citations (8)

2006

5. Monetary policy, taxes and the business cycle
   Working Papers, Federal Reserve Bank of St. Louis View citations (2)
   Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (1)
   Computing in Economics and Finance 2004, Society for Computational Economics (2004) View citations (3)
   See also Journal Article in Journal of Monetary Economics (2007)

2005

6. Changing technology trends, transition dynamics and growth accounting
   Working Papers, Federal Reserve Bank of St. Louis View citations (19)
   See also Journal Article in The B.E. Journal of Macroeconomics (2005)
7. No smoking at the slot machines: the effect of a smoke-free law on Delaware gaming revenues
   Working Papers, Federal Reserve Bank of St. Louis View citations (3)
   See also Journal Article in Applied Economics (2008)
8. Smoke-free law did affect revenue from gaming in Delaware
   Working Papers, Federal Reserve Bank of St. Louis View citations (3)
9. The monetary instrument matters
   Working Papers, Federal Reserve Bank of St. Louis View citations (22)
   See also Journal Article in Review (2005)

2004

10. A spectral analysis of the cross-country consumption correlation puzzle
    Working Papers, Federal Reserve Bank of St. Louis View citations (26)
    See also Journal Article in Economics Letters (2004)

2003

11. On the information content of asymmetric FOMC policy statements: evidence from a Taylor-rule perspective
    Working Papers, Federal Reserve Bank of St. Louis
    See also Journal Article in Economic Inquiry (2005)
12. Substitution elasticities and investment dynamics in two country business cycle models
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
    See also Journal Article in The B.E. Journal of Macroeconomics (2003)

2001

13. What happens when the technology growth trend changes?: transition dynamics, capital growth and the \"new economy\"
    Working Papers, Federal Reserve Bank of St. Louis View citations (14)
    See also Journal Article in Review of Economic Dynamics (2002)

1999

14. Do high interest rates stem capital outflows?
    Working Papers, Federal Reserve Bank of St. Louis
    See also Journal Article in Economics Letters (2000)

1998

15. Dynamic shoe-leather costs in a shopping-time model of money
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
16. R&D spending and cyclical fluctuations: putting the \"technology\" in technology shocks
    Working Papers, Federal Reserve Bank of St. Louis View citations (4)

1997

17. The cyclical relationship between output and prices: an analysis in the frequency domain
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
    See also Journal Article in Journal of Money, Credit and Banking (2000)
18. Trade, investment, and international borrowing in two-country business cycle models
    Working Papers, Federal Reserve Bank of St. Louis

1996

19. International risk sharing and low cross-country consumption correlations: are they really inconsistent?
    Working Papers, Federal Reserve Bank of St. Louis View citations (6)
    See also Journal Article in Review of International Economics (1997)
20. Tariff risk and international borrowing with incomplete asset markets
    Working Papers, Federal Reserve Bank of St. Louis

1994

21. Characterizing cross-country consumption correlations
    Working Papers, Federal Reserve Bank of St. Louis View citations (4)
    See also Journal Article in The Review of Economics and Statistics (1998)

Journal Articles

2015

1. Metro Profile: Jonesboro Outperforming Arkansas and Nation in Some Key Categories
   The Regional Economist, 2015, (Oct)

2012

2. Taylor-type rules and total factor productivity
   Review, 2012, 94, (Jan), 41-64

2009

3. Annual revision of metro jobs data shows little change from earlier reports
   The Regional Economist, 2009, (Apr), 24-25
4. Deficits, debt and looming disaster: reform of entitlement programs may be the only hope
   The Regional Economist, 2009, (Jan), 4-9 View citations (2)
5. INFLATION RISK AND OPTIMAL MONETARY POLICY
   Macroeconomic Dynamics, 2009, 13, (S1), 58-75 View citations (3)
   See also Working Paper (2007)
6. No ifs, ands or butts: Illinois casinos lost revenue after smoking banned
   The Regional Economist, 2009, (Jul), 14-15

2008

7. A new picture of metro-area employment in the Eighth District
   The Regional Economist, 2008, (Apr), 18-19
8. Clearing the haze? new evidence on the economic impact of smoking bans
   The Regional Economist, 2008, (Jan), 10-11 View citations (3)
9. District fares better than nation as housing market crumbles
   The Regional Economist, 2008, (Jan), 18-19
10. Eighth District states weather the mortgage foreclosure storm
    The Regional Economist, 2008, (Oct), 18-19
11. No smoking at the slot machines: the effect of a smoke-free law on Delaware gaming revenues
    Applied Economics, 2008, 40, (14), 1769-1774 View citations (12)
    See also Working Paper (2005)
12. The economic impact of a smoking ban in Columbia, Missouri: an analysis of sales tax data for the first year
    Regional Economic Development, 2008, (Oct), 30-40 View citations (4)

2007

13. Barnyard boon or bust? the National Animal Identification System (NAIS)
    The Regional Economist, 2007, (Jan), 12-13
14. Monetary policy, taxes, and the business cycle
    Journal of Monetary Economics, 2007, 54, (6), 1587-1611 View citations (15)
    See also Working Paper (2006)
15. Population, sprawl and immigration trends in Eighth District metro areas vary widely
    The Regional Economist, 2007, (Jul), 16-17
16. Revised data show larger job gains for Eighth District metro area
    The Regional Economist, 2007, (Apr), 16-17
17. There are two sides to every (employment redistribution) story!
    The Regional Economist, 2007, (Jan), 17

2006

18. Deficits, debt, and trust funds
    National Economic Trends, 2006, (Aug)
19. Freedom, trade, and growth
    International Economic Trends, 2006, (Nov)
20. How dangerous is the U.S. current account deficit?
    The Regional Economist, 2006, (Apr), 4-9 View citations (18)
21. On the economic analysis of smoking bans
    Regional Economic Development, 2006, (Oct), 115-130 View citations (6)
22. Uneven employment growth reflects differing mixes of jobs
    The Regional Economist, 2006, (Oct), 17

2005

23. Changing Technology Trends, Transition Dynamics, and Growth Accounting
    The B.E. Journal of Macroeconomics, 2005, 5, (1), 1-42 View citations (22)
    See also Working Paper (2005)
24. Future oil
    National Economic Trends, 2005, (Jul)
25. OECD growth
    International Economic Trends, 2005, (Feb) View citations (1)
26. On the Information Content of Asymmetric FOMC Policy Statements: Evidence From a Taylor-Rule Perspective
    Economic Inquiry, 2005, 43, (3), 558-569 View citations (35)
    See also Working Paper (2003)
27. The economics of smoking bans: peering through the haze
    The Regional Economist, 2005, (Jul), 12-13 View citations (3)
28. The monetary instrument matters
    Review, 2005, 87, (Sep), 633-658 View citations (10)
    See also Working Paper (2005)

2004

29. A spectral analysis of the cross-country consumption correlation puzzle
    Economics Letters, 2004, 84, (3), 341-347 View citations (29)
    See also Working Paper (2004)
30. Burger survey provides taste of international economics
    The Regional Economist, 2004, (Jan.), 12-13
31. Considering the capital account
    International Economic Trends, 2004, (Nov)
32. Labor's share
    National Economic Trends, 2004, (Aug) View citations (1)

2003

33. Aid, trade, and agriculture
    International Economic Trends, 2003, (Feb)
34. Burgernomics: a big MacT guide to purchasing power parity
    Review, 2003, 85, (Nov), 9-28 View citations (11)
35. Monetary policy in jobless recoveries
    Monetary Trends, 2003, (Nov)
36. Substitution Elasticities and Investment Dynamics in Two-Country Business Cycle Models
    The B.E. Journal of Macroeconomics, 2003, 3, (1), 1-20 View citations (6)
    See also Working Paper (2003)

2002

37. BTUs in GDP
    National Economic Trends, 2002, (May)
38. Comparing apples and oranges
    The Regional Economist, 2002, (Oct.), 10-11
39. Investment-specific technology growth: concepts and recent estimates
    Review, 2002, 84, (Nov), 37-48 View citations (9)
40. Ownership-based trade
    International Economic Trends, 2002, (Aug)
41. The high-tech investment boom and economic growth in the 1990s: accounting for quality
    Review, 2002, 84, (Mar.), 3-18 View citations (1)
42. What Happens When the Technology Growth Trend Changes?: Transition Dynamics, Capital Growth and the 'New Economy'
    Review of Economic Dynamics, 2002, 5, (2), 376-407 View citations (24)
    See also Working Paper (2001)

2001

43. Accounting for computers
    National Economic Trends, 2001, (May)
44. Discounting the discount rate
    Monetary Trends, 2001, (Dec)
45. Reconsidering the trade-creating effects of a currency union
    Review, 2001, 83, (May), 37-46 View citations (56)

2000

46. An elastic currency
    Monetary Trends, 2000, (Mar)
47. Capital deepening
    National Economic Trends, 2000, (May)
48. Do high interest rates stem capital outflows?
    Economics Letters, 2000, 67, (2), 187-192 View citations (10)
    See also Working Paper (1999)
49. The Cyclical Relationship between Output and Prices: An Analysis in the Frequency Domain
    Journal of Money, Credit and Banking, 2000, 32, (3), 382-99 View citations (21)
    See also Working Paper (1997)
50. The U.S. trade deficit: sideshow to the \\"new economy\\"?
    The Regional Economist, 2000, (Apr), 10-11

1999

51. Aircraft turbulence
    National Economic Trends, 1999, (Feb.)
52. The U.S. trade deficit and the "new economy"
    Review, 1999, 81, (Sep), 11-20 View citations (3)

1998

53. A new architecture?
    International Economic Trends, 1998, (Nov)
54. Characterizing Cross-Country Consumption Correlations
    The Review of Economics and Statistics, 1998, 80, (1), 169-174 View citations (19)
    See also Working Paper (1994)
55. Currency boards: monetary magic?
    International Economic Trends, 1998, (May)
56. Shoe-leather costs of inflation and policy credibility
    Review, 1998, (Nov), 37-50 View citations (4)

1997

57. International Risk Sharing and Low Cross-Country Consumption Correlations: Are They Really Inconsistent?
    Review of International Economics, 1997, 5, (3), 386-400 View citations (18)
    See also Working Paper (1996)
58. The business cycle and chain-weighted GDP: has our perspective changed?
    Review, 1997, (Sep), 39-49 View citations (3)

1996

59. For here or to go? Purchasing power parity and the Big Mac
    Review, 1996, 78, (Jan), 3-22 View citations (25)
60. Monetary policy and financial market expectations: what did they know and when did they know it?
    Review, 1996, 78, (Jul), 19-32 View citations (3)

1995

61. The FOMC in 1993 and 1994: monetary policy in transition
    Review, 1995, (Mar), 3-25

1987

62. M1A - M.I.A.?
    Economic Commentary, 1987, (Jul)

1985

63. CRR and monetary control
    Economic Commentary, 1985, (May)
64. The 1985 Humphrey-Hawkins testimony
    Economic Commentary, 1985, (Mar)