Journal of Macroeconomics

1979 - 2025

Current editor(s): Douglas McMillin and Theodore Palivos

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Volume 9, issue 4, 1987

Editorial note pp. i-i

David J. Smyth

Loss functions and public policy pp. 489-504

Ann R. Horowitz

Credit rationing and the adjustment of the loan rate: An empirical investigation pp. 505-525

Peter Kugler

Conflict in the labor market: Seniority rules and unemployment pp. 527-543

Martin Prachowny

Adding exhaustibility to the traditional theory of the gold standard pp. 545-566

John McDermott

The demand for divisia M1, M2, and M3 in the United States pp. 567-591

Apostolos Serletis

The government deficit in a growth model: Consequences and trade-offs pp. 593-611

Laurence Seidman

Implicit returns on conventional demand deposits: An empirical comparison pp. 613-624

Rosemary Rossiter and Tong Hun Lee

Currency devaluation with flexible wages: An application of the Cebula model pp. 625-635

Ching-chong Lai and Wen-Ya Chang

Volume 9, issue 3, 1987

Mortgage contracts in a general equilibrium model when there are inflation shocks pp. 327-349

Joyce Manchester

Reputation building in a monetary policy game pp. 351-371

Christopher Waller

Investment and interest rates: An econometric dissection pp. 373-389

Ulrich Kohu and Christopher J. Ryan

Cross-country evidence on the relationship between central banks and governments pp. 391-405

Richard Burdekin

Macroeconomic aspects of firm bankruptcy analysis pp. 407-415

Amnon Levy and Ran Bar-niv

Short-run variation in the natural rate of unemployment pp. 417-427

Michael F. Charette and Barry Kaufmann

Monetary versions of the balanced budget multiplier pp. 429-438

David Weinberg

The determinants of international reserves in the small open economy: The case of Honduras pp. 439-450

Paul Burkett, Javier Ramirez and Mark Wohar

Interest rates, exchange rates, and aggregate supply pp. 451-455

K. Sauernheimer

The Wicksell-Tobin investment model pp. 457-462

D. Johannes Juttner

Keynesian recovery: Reality down under pp. 463-467

Ronald N. Woods

Response to Liebling pp. 469-472

Wallace C. Peterson and Paul Estenson

The Keynesian recovery myth: A rejoinder pp. 473-474

Herman I. Liebling

Volume 9, issue 2, 1987

A "penalty" discount rate, bank behavior, and price and output stability pp. 165-183

David VanHoose

Prices, interest rates, and the monetary standard: A study of the Gibson-Kitchin phenomenon pp. 185-202

Chi-Wen Jevons Lee and Christopher R. Petruzzi

Income redistribution during a disinflation pp. 203-221

Jesse M. Abraham

Exchange rate instability in a two-country portfolio balance model pp. 223-238

Charles Cadsby

On granger causality and the monetary approach to the balance of payments pp. 239-253

Mark Taylor

Anticipated monetary and fiscal policy effects on output pp. 255-274

Chien-Hsun Chen and Frank G. Steindl

A reexamination of the acceleration of worldwide inflation in the early 1970s pp. 275-285

Alan Rabin

The private sector's perception of fiscal actions pp. 287-292

Jila Vaghari

Wealth effects; IS-LM Stability, and the efficacy of economic policies: A comment pp. 293-296

Ganti Subrahmanyam

Rational expectations estimation of macroeconomic models: some Monte Carlo results pp. 297-315

M. Aynul Hasan

Volume 9, issue 1, 1987

From the editor pp. iii-iv

David J. Smyth

Growth cycles, induced technical change, and perpetual conflict over the distribution of income pp. 1-12

Frederick (Rick) van der Ploeg

Interrelated demands for labor and buffer stocks: An empirical test pp. 13-30

Robert Rossana

Australian and U.S. growth cycle linkages, 1967-1983 pp. 31-44

Allan P. Layton

Inflation, hedging, and the fisher hypothesis pp. 45-57

Matti Viren

Long-term contracts, consumption smoothing and wage-profit dynamics pp. 59-70

Richard Cantor

The inflation rate of the price of gold, expected prices and interest rates pp. 71-82

J. Neill Fortune

The effects of income distribution on consumer imports pp. 83-94

Philip Arestis and Ciaran Driver

Real interest rates, credit markets and economic stabilization pp. 95-108

Paul Jenkins and Carl Walsh

Budget deficits and short-term real interest rate forecasting pp. 109-109

Bharat Kolluri and Demetrios Giannaros

Household debt and national income: A simple short-run model pp. 127-137

Ranjit Sau

Flexibility of the capital utilization rate in a rational expectations macro model pp. 139-149

Gregory P. DeCoster and Douglas W. Mitchell

369 pp. $35.00Thomas J. Sargent, Dynamic Macroeconomic Theory, Harvard University Press, Cambridge, MA (1987) ISBN 0-674-21877-9 pp. 151-152

Anne Finnigan

251 pp. $29.50 In: Colin D. Campbell and William R. Dougan, Editors, Alternative Monetary Regimes, The Johns Hopkins University Press, Baltimore, MD (1986) ISBN 0-8018-2887-2 ($12.95 ISBN 0-8018-2889-9 paperback) pp. 151-151

Anne Finnigan

126 pp. $22.95Henry J. Aaron, Harvey Galper, Joseph A. Pechman, George L. Perry, Alice M. Rivlin and Charles Schultze, Economic Choices 1987 ($8.95 ISBN 0-8157-1039-9 paperback), The Brookings Institution, Washington, D.C. (1986) ISBN 0-8157-1040-2 pp. 152-152

Anne Finnigan

340 pp. $27.50Richard N. Cooper, Economic Policy in an Interdependent World: Essays in World Economics, The MIT Press, Cambridge, MA (1986) ISBN 0-262-03113-2 pp. 152-153

Anne Finnigan

161 pp. $27.50Fen Osler Hampson, Forming Economic Policy: The Case of Energy in Canada and Mexico, St. Martin's Press, New York (1986) ISBN 0-312-29944-3 pp. 153-154

Anne Finnigan

In: R.W. Hafer, Editor, How Open Is the U.S. Economy?, Lexington Books, Lexington, MA (1986) ISBN 0-669-13086-9 pp. 154-154

Anne Finnigan

In: Shlomo Maital and Irwin Lipnowski, Editors, Macroeconomic Conflict and Social Institutions, Ballinger Publishing Company, Cambridge, MA (1985) ISBN 0-88730-034-0 pp. 154-155

Anne Finnigan

267 pp. $29.95Yew-Kwang Ng., Mesoeconomics: A Micro-Macro Analysis, St. Martin's Press, New York (1986) ISBN 0-312-53069-2 pp. 155-155

Anne Finnigan

230 pp. $45.00J.L. Ford and S. Sen, Protectionism, Exchange Rates and the Macroeconomy, Basil Blackwell, New York (1985) ISBN 0-631-14352-1 pp. 156-156

Anne Finnigan