Journal of Macroeconomics

1979 - 2025

Current editor(s): Douglas McMillin and Theodore Palivos

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Volume 15, issue 4, 1993

Near-rationality/menu costs, strategic complementarity, and real rigidity: An integration pp. 619-625

Eskander Alvi

The influence of inventories on output and prices: A stage of fabrication approach pp. 627-651

David Bivin

The gold standard, Gibson's paradox and the gold stock pp. 653-659

Kevin Dowd and Anthony A. Sampson

Budget deficits and the value of the dollar: An application of cointegration and error-correction modeling pp. 661-677

Mohsen Bahmani-Oskooee and Sayeed Payesteh

Variability and inflation: Evidence from developed and developing countries pp. 679-708

Radcliffe Edmonds and Jacky C. So

Cointegration analysis of the black market and official exchange rates in India pp. 709-721

Hamid Baghestani and John Noer

An application of estimating structural vector autoregression models with long-run restrictions pp. 723-745

Edward N. Gamber and Fred Joutz

Money, income and prices under fixed exchange rates: Evidence from causality tests and VARs pp. 747-768

Linda Kamas and Joseph Joyce

An interest rate peg, inflation and output pp. 769-785

Keith MacKinnon and John Smithin

Effective demand and income distribution in the context of agriculture-industry demand linkage: A two-sector macroeconomic framework pp. 787-803

Prabirjit Sarkar

Unions and the persistence of shocks to employment pp. 805-827

Linus Yamane

Volume 15, issue 3, 1993

Does endogeneity of the money supply disprove monetary effects on economic activity? pp. 409-422

Phillip Cagan

Testing for unit roots with very high frequency spot exchange rate data pp. 423-438

Charles A. E. Goodhart, Patrick C. McMahon and Yerima L. Ngama

Monetary policies in an intertemporal macroeconomic model with imperfect competition pp. 439-453

John Fender and Chong Yip

Money demand and inflation in Yugoslavia 1980-1989 pp. 455-481

Jacob A. Frenkel and Mark Taylor

The covariability of productivity shocks across industries pp. 483-510

David E. Lebow

The impact of raising the U.S. investment rate on the wage of low-educated labor pp. 511-520

Kenneth Lewis and Laurence Seidman

Forward markets and changes in macroeconomic performance: The case of oil pp. 521-552

Richard D. Farmer

Disequilibrium dynamics during the great depression pp. 553-589

Jean-Louis Arcand and Elise Brezis

Consumption, liquidity constraints and economic development pp. 591-610

Geetha Vaidyanathan

Volume 15, issue 2, 1993

An empirical open-economy macro model with credit pp. 203-224

James S. Fackler and John Rogers

Velocity of money in a modified cash-in-advance economy: Theory and evidence pp. 225-248

Theodore Palivos, Ping Wang and Jianbo Zhang

Permanent income and long-run stability in a generalized multiplier/accelerator model pp. 249-272

Daniel K. Biederman

Imperfect competition as a micro foundation for keynesian macroeconomics: A graphical analysis pp. 273-299

Howard F. Naish

Equilibrium vacancy and unemployment: A flow approach to the beveridge curve pp. 301-327

Dominique Gross

Differential information and optimal feedback policy in new classical macroeconomic models pp. 329-347

Michael Bradley and Dennis Jansen

Informational advantage, exogenous variability, and economic welfare: Can the informational advantage of the policymaker reduce welfare? pp. 349-363

Shin-ichi Fukuda

Economic stabilization in developed and developing countries: An empirical investigation pp. 365-380

Magda Kandil

Economic growth models with trade unions: NAIRU and union behavior pp. 381-400

Masahiro Yabuta

Volume 15, issue 1, 1993

Uncertainty in interdependent economies with monopoly unions pp. 1-24

Henrik Jensen

Purchasing power parity in the major EMS countries: The role of price and exchange rate adjustment pp. 25-45

Abdur Chowdhury and Fabio Sdogati

Sources of U.S. macroeconomic fluctuations: 1973-1989 pp. 47-68

Georgios Karras

Credibility and political business cycles pp. 69-89

Christopher J. Ellis and Mark Thoma

The role of money in Canada pp. 91-107

Apostolos Serletis and Martin King

Tests of long-run Purchasing Power Parity using alternative methodologies pp. 109-122

N. Alston Flynn and Janice L. Boucher

Employment determination in macroeconomic models: Some empirical evidence pp. 123-138

Richard A. Hofler and Lee Spector

The size of the random walk in macroeconomic time series pp. 139-151

Baldev Raj

On perfect foresight and uncertainty in economic models: Two monetary examples pp. 153-163

Marcelo Bianconi

Unemployment, wage indexation and commercial policies pp. 165-174

Chi-Chur Chao and John Conlon

Money in the utility function: Functional equivalence to a shopping-time model pp. 175-182

Dean Croushore

Job security in an efficiency wage model pp. 183-187

William Sjostrom

Volume 14, issue 4, 1992

Rational expectations and the demand for money: A nonparametric approach pp. 573-591

Douglas Fisher and Myra McCrickard

Risk aversion and stock market volatility pp. 593-606

Glenn Boyle and Leslie Young

Stock markets and the exchange rate: A multi-country approach pp. 607-629

Constance Smith

Endogenous innovation in neoclassical growth models: A survey pp. 631-662

Bart Verspagen

The design of an interest rate rule with staggered contracting and costly transacting pp. 663-688

Vincent Reinhart

Speculative attacks: The roles of intertemporal substitution and the interest elasticity of the demand for money pp. 689-710

Kent P. Kimbrough

Tax smoothing and tariff behavior in the United States pp. 711-729

Grant W. Gardner and Kent P. Kimbrough

The federal funds rate and the arbitrage pricing theory: Evidence that monetary policy matters pp. 731-744

Willem Thorbecke and Tarik Alami

A note on the sustainability of primary budget deficits pp. 745-754

Søren Nielsen

Using the correct economic interpretation to prove the Hawkins-Simon-Nikaido theorem: One more now pp. 755-761

Dipankar Dasgupta

Volume 14, issue 3, 1992

Price setting, imperfect information, and the law of one price pp. 383-415

Betty Daniel

An evaluation of blinder's alternative to profit sharing pp. 417-438

William Scarth

Measurement errors in survey forecasts of expected inflation and the rationality of inflation expectations pp. 439-448

David J. Smyth

Optimal monetary policy with an interest-equalization tax in a two-country macroeconomic model pp. 449-466

Arthur Benavie and Richard Froyen

The dollar and the U.S. terms of trade pp. 467-486

Paul D. Koch and Jeffrey A. Rosensweig

Cash-in-advance, buffer-stock monetarism, and the loanable funds-liquidity preference debate in an open economy pp. 487-507

Norman C. Miller

Exchange rate preannouncement and economic activity: A note on southern cone stabilization attempts pp. 509-524

Martin Rama

Stock returns and inflation: Further tests of the role of the central bank pp. 525-543

David P. Ely and Kenneth Robinson

A reexamination of market returns, discount rate changes, and market efficiency pp. 545-553

Don O. May

Presidential preferences for inflation versus unemployment pp. 555-561

Peter A. Zaleski

Volume 14, issue 2, 1992

A generalized method of moments approach to estimating a "Structural vector autoregression" pp. 199-232

Peter Hartley and Carl Walsh

The non-neutrality of money and the optimal monetary growth rule when preferences are recursive: Cash-in-advance vs. money in the utility function pp. 233-266

Hiroaki Hayakawa

Dynamic implications of chaotic monetary policy pp. 267-287

Gregory P. DeCoster and Douglas W. Mitchell

Stochastic trends in consumption and the term structure of interest rates pp. 289-304

Lance A. Fisher and Paul A. Richardson

Incomplete information, stabilization, and the relationship between inflation and unemployment pp. 305-319

Arto Kovanen

Capital accumulation, price stability, and base drift pp. 321-335

Milton Marquis

Credit rationing, implicit contracts, risk aversion, and the variability of interest rates pp. 337-347

Nilss Olekalns and Hugh Sibly

Wealth, income, and consumption in a developing economy pp. 349-358

Prem S. Laumas and Susan Porter-Hudak

Examining the long-run effect of money on economic growth pp. 359-369

Ping Wang and Chong Yip

On the Keynes and Pigou effects in aggregate demand theory pp. 371-375

Ben L. Kyer and Gary E. Maggs

Volume 14, issue 1, 1992

Monetary anticipations and the demand for money: Further tests of shock-absorber price equations pp. 1-14

Dorian Owen and Kevin Fox

The determinants of the tax-adjusted real interest rate pp. 15-32

Stuart Allen

Some international evidence on the exogeneity of the ex ante real rate of interest and the rationality of expectations pp. 33-45

Mark Thoma

Inflation-unemployment trade-offs of Democrats, Republicans, and Independents: Empirical evidence on the partisan theory pp. 47-57

David J. Smyth and Susan Washburn Taylor

International macroeconomic interdependence, currency substitution, and price stickiness pp. 59-86

Athina Zervoyianni

A geometry for non-Walrasian general equilibrium theory pp. 87-103

Kaushik Basu

Inflation, corruption, and income distribution: The recent price reform in China pp. 105-123

Kar-Yiu Wong

Private profit and public capital pp. 125-142

Catherine Lynde

Capital mobility and anticipated inflation with cash-in-advance constraints pp. 143-154

Sanjay Banerji and Sugata Marjit

Asset returns and inflation in a cash-in-advance economy pp. 155-164

Ashraf Nakibullah

A flow of funds test of the capital inflow hypothesis pp. 165-177

William R. Hosek and Frank Zahn

Monetary neutrality in a dynamic macroeconomic model under alternative monetary regimes pp. 179-186

Lawrence J. Belcher