Details about Mark Wynne

Phone:	214 922 5159
Postal address:	Federal Reserve Bank of Dallas 2200 North Pearl Street Dallas TX 75201
Workplace:	Economic Research Department, Federal Reserve Bank of Dallas, (more information at EDIRC)

Access statistics for papers by Mark Wynne.

Last updated 2024-07-05. Update your information in the RePEc Author Service.

Short-id: pwy4

---

Jump to Journal Articles Books Edited books Chapters

Working Papers

2024

1. The Problem of Quality Change in Historical Price Statistics: An Illustrative Example Using Baedeker Travel Guides
   Working Papers, Federal Reserve Bank of Dallas

2021

2. Ties That Bind: Estimating the Natural Rate of Interest for Small Open Economies
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (17)
   See also Journal Article Ties that bind: Estimating the natural rate of interest for small open economies, Journal of International Money and Finance, Elsevier (2021) View citations (11) (2021)

2020

3. Shock-Dependent Exchange Rate Pass-Through: Evidence Based on a Narrative Sign Approach
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (3)

2018

4. The Heterogeneous Effects of Global and National Business Cycles on Employment in U.S. States and Metropolitan Areas
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (2)
   See also Journal Article The Heterogeneous Effects of Global and National Business Cycles on Employment in US States and Metropolitan Areas, Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford (2021) (2021)

2017

5. Estimating the Natural Rate of Interest in an Open Economy
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (13)
   See also Journal Article Estimating the natural rate of interest in an open economy, Empirical Economics, Springer (2018) View citations (10) (2018)
6. Measuring the World Natural Rate of Interest
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (7)
   See also Journal Article MEASURING THE WORLD NATURAL RATE OF INTEREST, Economic Inquiry, Western Economic Association International (2018) View citations (10) (2018)

2016

7. Central bank communications: a case study
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (3)
8. Diversification and specialization of U.S. states
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (4)
   See also Journal Article Diversification and Specialization of U.S. States, The Review of Regional Studies, Southern Regional Science Association (2017) (2017)

2014

9. Assessing Bayesian model comparison in small samples
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (7)
   See also Chapter Assessing Bayesian Model Comparison in Small Samples, Advances in Econometrics, Emerald Group Publishing Limited (2014) View citations (11) (2014)
10. Technical note on \"assessing Bayesian model comparison in small samples\"
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (6)

2012

11. Bayesian estimation of NOEM models: identification and inference in small samples
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (11)
    See also Chapter Bayesian Estimation of NOEM Models: Identification and Inference in Small Samples, Advances in Econometrics, Emerald Group Publishing Limited (2012) (2012)
12. Core import price inflation in the United States
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas
    See also Journal Article Core Import Price Inflation in the United States, Open Economies Review, Springer (2013) View citations (1) (2013)
13. Global slack as a determinant of U.S. inflation
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (2)
    See also Chapter Global slack as a determinant of US inflation, BIS Papers chapters, Bank for International Settlements (2013) View citations (10) (2013)

2008

14. How should central banks define price stability?
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (5)

2005

15. An estimate of the measurement bias in the HICP
    Working Papers, Federal Reserve Bank of Dallas View citations (2)
16. Ireland's great depression
    Working Papers, Federal Reserve Bank of Dallas View citations (7)
    See also Journal Article Ireland’s Great Depression, The Economic and Social Review, Economic and Social Studies (2006) View citations (10) (2006)

2003

17. The relative price effects of monetary shocks
    Working Papers, Federal Reserve Bank of Dallas View citations (6)
    See also Journal Article The relative price effects of monetary shocks, Journal of Macroeconomics, Elsevier (2007) View citations (37) (2007)

2002

18. A first assessment of some measures of core inflation for the euro area
    Working Papers, Federal Reserve Bank of Dallas View citations (6)
    See also Journal Article A First Assessment of Some Measures of Core Inflation for the Euro Area, German Economic Review, Verein für Socialpolitik (2003) View citations (16) (2003)
19. Measurement bias in the HICP: what do we know and what do we need to know?
    Working Papers, Federal Reserve Bank of Dallas View citations (9)
    Also in Working Paper Series, European Central Bank (2002) View citations (9)
    See also Journal Article Measurement Bias in the HICP: What do we know and What do we need to know?, Journal of Economic Surveys, Wiley Blackwell (2004) View citations (14) (2004)

2001

20. An evaluation of some measures of core inflation for the euro area
    Working Paper Series, European Central Bank View citations (29)
21. Dolarizacion y uniones monetarias: pautas de implementacion
    Center for Latin America Working Papers, Federal Reserve Bank of Dallas View citations (1)
22. Dollarization and monetary unions: implementation guidelines
    Working Papers, Federal Reserve Bank of Dallas View citations (3)
    Also in Center for Latin America Working Papers, Federal Reserve Bank of Dallas (2001) View citations (4)

1999

23. Core inflation: a review of some conceptual issues
    Working Paper Series, European Central Bank View citations (91)
    Also in Working Papers, Federal Reserve Bank of Dallas (1999) View citations (38)
    See also Journal Article Core inflation: a review of some conceptual issues, Review, Federal Reserve Bank of St. Louis (2008) View citations (15) (2008)

1998

24. Costly intermediation and the big push
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
25. Endogenous market structures and financial development
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (6)

1997

26. Business cycles under monetary union: EU and US business cycles compared
    Working Papers, Federal Reserve Bank of Dallas View citations (5)
27. Inequality, inflation, and central bank independence
    Working Papers, Federal Reserve Bank of Dallas View citations (4)
    See also Journal Article Inequality, inflation, and central bank independence, Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons (2000) View citations (22) (2000)
28. More on optimal denominations for coins and currency
    Working Papers, Federal Reserve Bank of Dallas View citations (11)
    See also Journal Article More on optimal denominations for coins and currency, Economics Letters, Elsevier (1997) View citations (11) (1997)

1996

29. An equilibrium analysis of relative price changes and aggregate inflation
    Working Papers, Federal Reserve Bank of Dallas View citations (6)
    See also Journal Article An equilibrium analysis of relative price changes and aggregate inflation, Journal of Monetary Economics, Elsevier (2000) View citations (51) (2000)

1995

30. Are deep recessions followed by strong recoveries? Results for the G-7 countries
    Working Papers, Federal Reserve Bank of Dallas View citations (9)
31. The role of intratemporal adjustment costs in a multi-sector economy
    Working Papers, Federal Reserve Bank of Dallas View citations (6)
    See also Journal Article The role of intratemporal adjustment costs in a multisector economy, Journal of Monetary Economics, Elsevier (1999) View citations (111) (1999)

1994

32. Fiscal policy in more general equilibrium
    Working Papers, Federal Reserve Bank of Dallas View citations (2)
33. The dynamics of recoveries
    Working Papers, Federal Reserve Bank of Dallas View citations (1)

1993

34. A survey of measurement biases in price indexes
    Working Papers, Federal Reserve Bank of Dallas View citations (4)
    See also Journal Article A Survey of Measurement Biases in Price Indexes, Journal of Economic Surveys, Wiley Blackwell (1996) View citations (19) (1996)
35. Recessions and recoveries in real business cycle models: do real business cycle models generate cyclical behavior?
    Working Papers, Federal Reserve Bank of Dallas
36. The output effects of government consumption: a note
    Working Papers, Federal Reserve Bank of Dallas

1992

37. Are deep recessions followed by strong recoveries?
    Working Papers, Federal Reserve Bank of Dallas View citations (31)
    See also Journal Article Are deep recessions followed by strong recoveries?, Economics Letters, Elsevier (1992) View citations (36) (1992)
38. Does aggregate output have a unit root?
    Working Papers, Federal Reserve Bank of Dallas View citations (1)
    See also Journal Article Does aggregate output have a unit root?, Economics Letters, Elsevier (1992) View citations (2) (1992)
39. The analysis of fiscal policy in neoclassical models
    Working Papers, Federal Reserve Bank of Dallas View citations (1)

1991

40. Government purchases and real wages
    Working Papers, Federal Reserve Bank of Dallas

1990

41. The aggregate effects of temporary government purchases
    Working Papers, Federal Reserve Bank of Dallas

Journal Articles

2021

1. Shock-dependent exchange rate pass-through: Evidence based on a narrative sign approach for Japan
   Journal of International Money and Finance, 2021, 118, (C) View citations (8)
2. The Heterogeneous Effects of Global and National Business Cycles on Employment in US States and Metropolitan Areas
   Oxford Bulletin of Economics and Statistics, 2021, 83, (2), 495-517
   See also Working Paper The Heterogeneous Effects of Global and National Business Cycles on Employment in U.S. States and Metropolitan Areas, Globalization Institute Working Papers (2018) View citations (2) (2018)
3. Ties that bind: Estimating the natural rate of interest for small open economies
   Journal of International Money and Finance, 2021, 113, (C) View citations (11)
   See also Working Paper Ties That Bind: Estimating the Natural Rate of Interest for Small Open Economies, Globalization Institute Working Papers (2021) View citations (17) (2021)

2020

4. Otmar Issing: The Long Journey of Central Bank Communication
   Business Economics, 2020, 55, (3), 176-177

2018

5. Estimating the natural rate of interest in an open economy
   Empirical Economics, 2018, 55, (3), 1291-1318 View citations (10)
   See also Working Paper Estimating the Natural Rate of Interest in an Open Economy, Globalization Institute Working Papers (2017) View citations (13) (2017)
6. Global, National Business Cycles and Energy Explain Texas Metro Growth
   Economic Letter, 2018, 13, (4), 1-4
7. MEASURING THE WORLD NATURAL RATE OF INTEREST
   Economic Inquiry, 2018, 56, (1), 530-544 View citations (10)
   See also Working Paper Measuring the World Natural Rate of Interest, Globalization Institute Working Papers (2017) View citations (7) (2017)

2017

8. Diversification and Specialization of U.S. States
   The Review of Regional Studies, 2017, 47, (1), 63-91
   See also Working Paper Diversification and specialization of U.S. states, Globalization Institute Working Papers (2016) View citations (4) (2016)
9. Global and National Shocks Explain A Large Share of State Job Growth
   Economic Letter, 2017, 12, (10), 1-4

2016

10. Global demographic trends shape policy environment
    Economic Letter, 2016, 11, (7), 1-4

2015

11. China Slowdown: Little Headwind for Texas
    Annual Report, 2015
12. Diverging Monetary Policies, Global Capital Flows and Financial Stability
    Annual Report, Globalization and Monetary Policy Institute, 2015, 28-33
13. International migration remains the last frontier of globalization
    Economic Letter, 2015, 10, (2), 1-4
14. Keynote Speech: Federal Reserve Policy in the Post-Crisis Period
    The International Trade Journal, 2015, 29, (5), 346-360
15. Spillovers of Conventional and Unconventional Monetary Policy: The Role of Real and Financial Linkages
    Annual Report, Globalization and Monetary Policy Institute, 2015, 22-27
16. Texas maintains top exporter standing while its trade remains concentrated
    Southwest Economy, 2015, (Q3), 16-20

2014

17. Central bank transparency anchors inflation expectations
    Economic Letter, 2014, 9, (4), 1-4 View citations (3)
18. Spotlight: would a Texas central bank set rates higher?
    Southwest Economy, 2014, (Q2), 15-15
19. The Political Economy of International Money: Common Currencies, Currency Wars and Exorbitant Privilege
    Annual Report, Globalization and Monetary Policy Institute, 2014, 30-35

2013

20. A short history of FOMC communication
    Economic Letter, 2013, 8, (8) View citations (7)
21. Core Import Price Inflation in the United States
    Open Economies Review, 2013, 24, (4), 717-730 View citations (1)
    See also Working Paper Core import price inflation in the United States, Globalization Institute Working Papers (2012) (2012)
22. Inflation Dynamics in a Post-Crisis Globalized Economy
    Annual Report, Globalization and Monetary Policy Institute, 2013, 30-37
23. Measuring the External Value of the Dollar
    Annual Report, Globalization and Monetary Policy Institute, 2013, 10-15
24. Snapshot: the FOMC’s lengthening statements
    Southwest Economy, 2013, (Q4), 20-20

2012

25. Five Years of Research on Globalization and Monetary Policy: What Have We Learned?
    Annual Report, Globalization and Monetary Policy Institute, 2012, 2-17 View citations (8)
26. One-size-fits-all monetary policy: Europe and the U.S
    Economic Letter, 2012, 7, (9) View citations (3)

2011

27. Dynamic Stochastic General-Equilibrium Modeling: 10th Annual Advances in Econometrics Conference
    Annual Report, Globalization and Monetary Policy Institute, 2011, 39-42
28. Microeconomic Aspects of the Globalization of Inflation
    Economics Bulletin, 2011, 31, (1), A4
29. Microeconomic Aspects of the Globalization of Inflation: A Joint Conference with the Swiss National Bank
    Annual Report, Globalization and Monetary Policy Institute, 2011, 30-34
30. The Conquest of Mexican Inflation
    Annual Report, Globalization and Monetary Policy Institute, 2011, 13-20
31. The sluggish recovery from the Great Recession: why there is no ‘V’ rebound this time
    Economic Letter, 2011, 6, (9)
32. Will China ever become as rich as the U.S.?
    Economic Letter, 2011, 6, (june)

2010

33. The global slack hypothesis
    Staff Papers, 2010, (Sep) View citations (15)

2009

34. Has greater globalization made forecasting inflation more difficult?
    Economic Letter, 2009, 4, (jul)
35. The financial crisis, trade finance and the collapse of world trade
    Annual Report, Globalization and Monetary Policy Institute, 2009, 4-15 View citations (1)
36. Trade, globalization and the financial crisis
    Economic Letter, 2009, 4, (nov) View citations (8)

2008

37. Core inflation: a review of some conceptual issues
    Review, 2008, 90, (May), 205-228 View citations (15)
    See also Working Paper Core inflation: a review of some conceptual issues, Working Paper Series (1999) View citations (91) (1999)
38. First steps: developing a research agenda on globalization and monetary policy
    Annual Report, Globalization and Monetary Policy Institute, 2008, 4-13
39. Measuring core inflation: notes from a 2007 Dallas Fed conference
    Staff Papers, 2008, (May) View citations (3)
40. On the record: delving more deeply into globalization
    Southwest Economy, 2008, (Jan), 8-9
41. The globalization of U.S. business investment
    Staff Papers, 2008, (Feb) View citations (1)

2007

42. Obstacles to measuring global output gaps
    Economic Letter, 2007, 2, (3) View citations (6)
43. Openness and inflation
    Staff Papers, 2007, (Apr) View citations (49)
44. The relative price effects of monetary shocks
    Journal of Macroeconomics, 2007, 29, (1), 19-36 View citations (37)
    See also Working Paper The relative price effects of monetary shocks, Working Papers (2003) View citations (6) (2003)

2006

45. Ireland’s Great Depression
    The Economic and Social Review, 2006, 37, (2), 215-243 View citations (10)
    See also Working Paper Ireland's great depression, Working Papers (2005) View citations (7) (2005)
46. Price Measurement for Monetary Policy
    Economics Bulletin, 2006, 28, (28), A0 View citations (1)

2005

47. Globalization and monetary policy
    Southwest Economy, 2005, (Jul), 1-8 View citations (1)
48. Opting out of work: what's behind the decline in labor force participation?
    Southwest Economy, 2005, (Nov), 1-8 View citations (9)

2004

49. Measurement Bias in the HICP: What do we know and What do we need to know?
    Journal of Economic Surveys, 2004, 18, (1), 79-112 View citations (14)
    See also Working Paper Measurement bias in the HICP: what do we know and what do we need to know?, Working Papers (2002) View citations (9) (2002)

2003

50. A First Assessment of Some Measures of Core Inflation for the Euro Area
    German Economic Review, 2003, 4, (3), 269-306 View citations (16)
    Also in German Economic Review, 2003, 4, (3), 269-306 (2003) View citations (15)
    See also Working Paper A first assessment of some measures of core inflation for the euro area, Working Papers (2002) View citations (6) (2002)
51. Inflation measurement and the ECB's pursuit of price stability: a first assessment
    (Optimal monetary policy responses to relative price changes)
    Economic Policy, 2003, 18, (37), 395-434 View citations (3)
52. The Legacy of Milton and Rose Friedman's Free to Choose: Economic Liberalism at the Turn of the 21st Century--Introduction
    Proceedings, 2003, (Oct), 3-17 View citations (4)

2002

53. Alternative monetary constitutions and the quest for price stability
    Economic and Financial Policy Review, 2002, 1, (1) View citations (6)
54. New economy, new recession
    Southwest Economy, 2002, (Mar), 11-16 View citations (2)
55. The euro cash changeover
    Southwest Economy, 2002, (Mar), 1-5 View citations (1)

2000

56. An equilibrium analysis of relative price changes and aggregate inflation
    Journal of Monetary Economics, 2000, 45, (2), 269-292 View citations (51)
    See also Working Paper An equilibrium analysis of relative price changes and aggregate inflation, Working Papers (1996) View citations (6) (1996)
57. Business Cycles under Monetary Union: A Comparison of the EU and US
    Economica, 2000, 67, (267), 347-374 View citations (4)
58. EMU at 1
    Economic and Financial Policy Review, 2000, (Q1), 14-28 View citations (1)
59. Inequality, inflation, and central bank independence
    Canadian Journal of Economics/Revue canadienne d'économique, 2000, 33, (1), 271-287 View citations (22)
    Also in Canadian Journal of Economics, 2000, 33, (1), 271-287 (2000) View citations (35)
    See also Working Paper Inequality, inflation, and central bank independence, Working Papers (1997) View citations (4) (1997)
60. The new paradigm in Europe: is Goldilocks going global?
    Southwest Economy, 2000, (Sep), 1-6

1999

61. Costly intermediation, the big push and the big crash
    Journal of Development Economics, 1999, 59, (2), 275-293 View citations (11)
62. The European system of central banks
    Economic and Financial Policy Review, 1999, (Q I), 2-14 View citations (10)
63. The role of intratemporal adjustment costs in a multisector economy
    Journal of Monetary Economics, 1999, 43, (2), 317-350 View citations (111)
    See also Working Paper The role of intratemporal adjustment costs in a multi-sector economy, Working Papers (1995) View citations (6) (1995)
64. The world's newest currency
    Southwest Economy, 1999, (Sep), 10

1998

65. Elastic Capital Supply and the Effects of Fiscal Policy
    Economic Inquiry, 1998, 36, (4), 553-74 View citations (2)

1997

66. Measuring short-run inflation for central bankers - commentary
    Review, 1997, (May), 161-167 View citations (5)
67. More on optimal denominations for coins and currency
    Economics Letters, 1997, 55, (2), 221-225 View citations (11)
    See also Working Paper More on optimal denominations for coins and currency, Working Papers (1997) View citations (11) (1997)
68. Rolling recessions
    Southwest Economy, 1997, (Sep), 1-4
69. Taxation, growth, and welfare: a framework for analysis and some preliminary results
    Economic and Financial Policy Review, 1997, (Q I), 2-13 View citations (2)
70. The economics of one dollar
    Southwest Economy, 1997, (Jul), 1-5

1996

71. A Survey of Measurement Biases in Price Indexes
    Journal of Economic Surveys, 1996, 10, (1), 55-89 View citations (19)
    See also Working Paper A survey of measurement biases in price indexes, Working Papers (1993) View citations (4) (1993)
72. Balanced budget multipliers
    Journal of Macroeconomics, 1996, 18, (2), 197-211 View citations (3)
73. Supply shocks and the distribution of price changes
    Economic and Financial Policy Review, 1996, (Q I), 10-18 View citations (10)

1995

74. Does the CPI overstate increases in the cost of living?
    Southwest Economy, 1995, (Sep), 5-9
75. Recessions and Recoveries in Real Business Cycle Models
    Economic Inquiry, 1995, 33, (4), 640-63 View citations (23)
76. Sticky prices: what is the evidence?
    Economic and Financial Policy Review, 1995, (Q I), 1-12 View citations (11)

1994

77. Is there an output-inflation trade-off?
    Southwest Economy, 1994, (Aug), 1-4 View citations (5)
78. The consumer price index
    Economic and Financial Policy Review, 1994, (Q II), 1-22 View citations (12)

1993

79. Price stability and economic growth
    Southwest Economy, 1993, (May), 1-5 View citations (5)
80. Recessions and recoveries
    Economic and Financial Policy Review, 1993, (Jan), 1-17 View citations (6)

1992

81. Are deep recessions followed by strong recoveries?
    Economics Letters, 1992, 39, (2), 183-189 View citations (36)
    See also Working Paper Are deep recessions followed by strong recoveries?, Working Papers (1992) View citations (31) (1992)
82. Does aggregate output have a unit root?
    Economics Letters, 1992, 39, (2), 179-182 View citations (2)
    See also Working Paper Does aggregate output have a unit root?, Working Papers (1992) View citations (1) (1992)
83. How serious is the productivity problem in the United States?
    Southwest Economy, 1992, (May), 1-3, 8
84. The comparative growth performance of the U.S. economy in the postwar period
    Economic and Financial Policy Review, 1992, (Q I), 1-16

1991

85. The long-run effects of a permanent change in defense purchases
    Economic and Financial Policy Review, 1991, (Jan), 1-16 View citations (2)

Books

1985

1. Medium-Term Analysis of Fiscal Policy in Ireland: A Macroeconometric Study of the Period 1967-1980
   Research Series, Economic and Social Research Institute (ESRI) View citations (2)

Edited books

2020

1. The Federal Reserve's Role in the Global Economy
   Cambridge Books, Cambridge University Press

2016

2. The Federal Reserve's Role in the Global Economy
   Cambridge Books, Cambridge University Press

Chapters

2014

1. Assessing Bayesian Model Comparison in Small Samples
   A chapter in Bayesian Model Comparison, 2014, vol. 34, pp 71-115 View citations (11)
   See also Working Paper Assessing Bayesian model comparison in small samples, Federal Reserve Bank of Dallas (2014) View citations (7) (2014)

2013

2. Global slack as a determinant of US inflation
   A chapter in Globalisation and inflation dynamics in Asia and the Pacific, 2013, vol. 70, pp 93-98 View citations (10)
   See also Working Paper Global slack as a determinant of U.S. inflation, Federal Reserve Bank of Dallas (2012) View citations (2) (2012)

2012

3. Bayesian Estimation of NOEM Models: Identification and Inference in Small Samples
   A chapter in DSGE Models in Macroeconomics: Estimation, Evaluation, and New Developments, 2012, pp 137-199
   See also Working Paper Bayesian estimation of NOEM models: identification and inference in small samples, Federal Reserve Bank of Dallas (2012) View citations (11) (2012)