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
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Working Papers
2009
- Casino revenue and the Illinois smoking ban
Working Papers, Federal Reserve Bank of St. Louis
- Taylor-type rules and permanent shifts in productivity growth
Working Papers, Federal Reserve Bank of St. Louis View citations (1)
2007
- 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)
- 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
- 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
- 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)
- 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)
- Smoke-free law did affect revenue from gaming in Delaware
Working Papers, Federal Reserve Bank of St. Louis View citations (3)
- The monetary instrument matters
Working Papers, Federal Reserve Bank of St. Louis View citations (22)
See also Journal Article in Review (2005)
2004
- 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
- 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)
- 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
- 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
- Do high interest rates stem capital outflows?
Working Papers, Federal Reserve Bank of St. Louis 
See also Journal Article in Economics Letters (2000)
1998
- Dynamic shoe-leather costs in a shopping-time model of money
Working Papers, Federal Reserve Bank of St. Louis View citations (1)
- R&D spending and cyclical fluctuations: putting the \"technology\" in technology shocks
Working Papers, Federal Reserve Bank of St. Louis View citations (4)
1997
- 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)
- Trade, investment, and international borrowing in two-country business cycle models
Working Papers, Federal Reserve Bank of St. Louis
1996
- 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)
- Tariff risk and international borrowing with incomplete asset markets
Working Papers, Federal Reserve Bank of St. Louis
1994
- 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
- Metro Profile: Jonesboro Outperforming Arkansas and Nation in Some Key Categories
The Regional Economist, 2015, (Oct)
2012
- Taylor-type rules and total factor productivity
Review, 2012, 94, (Jan), 41-64
2009
- Annual revision of metro jobs data shows little change from earlier reports
The Regional Economist, 2009, (Apr), 24-25
- Deficits, debt and looming disaster: reform of entitlement programs may be the only hope
The Regional Economist, 2009, (Jan), 4-9 View citations (2)
- INFLATION RISK AND OPTIMAL MONETARY POLICY
Macroeconomic Dynamics, 2009, 13, (S1), 58-75 View citations (3)
See also Working Paper (2007)
- No ifs, ands or butts: Illinois casinos lost revenue after smoking banned
The Regional Economist, 2009, (Jul), 14-15
2008
- A new picture of metro-area employment in the Eighth District
The Regional Economist, 2008, (Apr), 18-19
- Clearing the haze? new evidence on the economic impact of smoking bans
The Regional Economist, 2008, (Jan), 10-11 View citations (3)
- District fares better than nation as housing market crumbles
The Regional Economist, 2008, (Jan), 18-19
- Eighth District states weather the mortgage foreclosure storm
The Regional Economist, 2008, (Oct), 18-19
- 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)
- 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
- Barnyard boon or bust? the National Animal Identification System (NAIS)
The Regional Economist, 2007, (Jan), 12-13
- Monetary policy, taxes, and the business cycle
Journal of Monetary Economics, 2007, 54, (6), 1587-1611 View citations (15)
See also Working Paper (2006)
- Population, sprawl and immigration trends in Eighth District metro areas vary widely
The Regional Economist, 2007, (Jul), 16-17
- Revised data show larger job gains for Eighth District metro area
The Regional Economist, 2007, (Apr), 16-17
- There are two sides to every (employment redistribution) story!
The Regional Economist, 2007, (Jan), 17
2006
- Deficits, debt, and trust funds
National Economic Trends, 2006, (Aug)
- Freedom, trade, and growth
International Economic Trends, 2006, (Nov)
- How dangerous is the U.S. current account deficit?
The Regional Economist, 2006, (Apr), 4-9 View citations (18)
- On the economic analysis of smoking bans
Regional Economic Development, 2006, (Oct), 115-130 View citations (6)
- Uneven employment growth reflects differing mixes of jobs
The Regional Economist, 2006, (Oct), 17
2005
- 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)
- Future oil
National Economic Trends, 2005, (Jul)
- OECD growth
International Economic Trends, 2005, (Feb) View citations (1)
- 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)
- The economics of smoking bans: peering through the haze
The Regional Economist, 2005, (Jul), 12-13 View citations (3)
- The monetary instrument matters
Review, 2005, 87, (Sep), 633-658 View citations (10)
See also Working Paper (2005)
2004
- 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)
- Burger survey provides taste of international economics
The Regional Economist, 2004, (Jan.), 12-13
- Considering the capital account
International Economic Trends, 2004, (Nov)
- Labor's share
National Economic Trends, 2004, (Aug) View citations (1)
2003
- Aid, trade, and agriculture
International Economic Trends, 2003, (Feb)
- Burgernomics: a big MacT guide to purchasing power parity
Review, 2003, 85, (Nov), 9-28 View citations (11)
- Monetary policy in jobless recoveries
Monetary Trends, 2003, (Nov)
- 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
- BTUs in GDP
National Economic Trends, 2002, (May)
- Comparing apples and oranges
The Regional Economist, 2002, (Oct.), 10-11
- Investment-specific technology growth: concepts and recent estimates
Review, 2002, 84, (Nov), 37-48 View citations (9)
- Ownership-based trade
International Economic Trends, 2002, (Aug)
- The high-tech investment boom and economic growth in the 1990s: accounting for quality
Review, 2002, 84, (Mar.), 3-18 View citations (1)
- 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
- Accounting for computers
National Economic Trends, 2001, (May)
- Discounting the discount rate
Monetary Trends, 2001, (Dec)
- Reconsidering the trade-creating effects of a currency union
Review, 2001, 83, (May), 37-46 View citations (56)
2000
- An elastic currency
Monetary Trends, 2000, (Mar)
- Capital deepening
National Economic Trends, 2000, (May)
- Do high interest rates stem capital outflows?
Economics Letters, 2000, 67, (2), 187-192 View citations (10)
See also Working Paper (1999)
- 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)
- The U.S. trade deficit: sideshow to the \\"new economy\\"?
The Regional Economist, 2000, (Apr), 10-11
1999
- Aircraft turbulence
National Economic Trends, 1999, (Feb.)
- The U.S. trade deficit and the "new economy"
Review, 1999, 81, (Sep), 11-20 View citations (3)
1998
- A new architecture?
International Economic Trends, 1998, (Nov)
- Characterizing Cross-Country Consumption Correlations
The Review of Economics and Statistics, 1998, 80, (1), 169-174 View citations (19)
See also Working Paper (1994)
- Currency boards: monetary magic?
International Economic Trends, 1998, (May)
- Shoe-leather costs of inflation and policy credibility
Review, 1998, (Nov), 37-50 View citations (4)
1997
- 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)
- The business cycle and chain-weighted GDP: has our perspective changed?
Review, 1997, (Sep), 39-49 View citations (3)
1996
- For here or to go? Purchasing power parity and the Big Mac
Review, 1996, 78, (Jan), 3-22 View citations (25)
- 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
- The FOMC in 1993 and 1994: monetary policy in transition
Review, 1995, (Mar), 3-25
1987
- M1A - M.I.A.?
Economic Commentary, 1987, (Jul)
1985
- CRR and monetary control
Economic Commentary, 1985, (May)
- The 1985 Humphrey-Hawkins testimony
Economic Commentary, 1985, (Mar)
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