Working Papers
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- 9338: Exchange rate uncertainty and economic growth in Latin America

- Darryl McLeod and John H. Welch
- 9337: Assessing the economic cost of unilateral oil conservation

- Stephen Brown and Hillard Huntington
- 9336: Income taxes as reciprocal tariffs

- W. Michael Cox, David Gould and Roy J. Ruffin
- 9335: Problems of testing fiscal solvency in high inflation economies: evidence from Argentina, Brazil, and Mexico

- John H. Welch
- 9334: The inefficiency of seigniorage from required reserves

- Scott Freeman
- 9333: Wealth effects, heterogeneity and dynamic fiscal policy

- Zsolt Becsi
- 9332: Endogenous growth and international trade

- Roy J. Ruffin
- 9331: The credibility and performance of unilateral target zones: a comparison of the Mexican and Chilean cases

- Raul Anibal Feliz and John H. Welch
- 9330: On the existence of nonoptimal equilibria in dynamic stochastic economies

- Jeremy Greenwood and Gregory Huffman
- 9329: Retaliation, liberalization, and trade wars: the political economy of nonstrategic trade policy

- David Gould and Graeme L. Woodbridge
- 9328: On the optimality of interest-bearing reserves in economies of overlapping generations

- Scott Freeman and Joseph Haslag
- 9327: Coal, natural gas and oil markets after World War II: what's old, what' s new?

- Shengyi Guo and Mine Yucel
- 9326: Clearinghouse banks and banknote over-issue

- Scott Freeman
- 9325: Growth and equity with endogenous human capital: Taiwan's economic miracle revisited

- Maw-Lin Lee, Ben-chieh Liu and Ping Wang
- 9324: A general two-sector model of endogenous growth with human and physical capital: balanced growth and transitional dynamics

- Eric Bond, Ping Wang and Chong Yip
- 9323: Retaliation, liberalization, and trade wars: the political economy of nonstrategic trade policy

- David Gould and Graeme L. Woodbridge
- 9322: Recessions and recoveries in real business cycle models: do real business cycle models generate cyclical behavior?

- Nathan Balke and Mark Wynne
- 9321: Should bond funds be included in M2?

- John Duca
- 9320: The output effects of government consumption: a note

- Mark Wynne
- 9319: Allocative inefficiency and local government: evidence rejecting the Tiebout hypothesis

- Lori Taylor
- 9318: Why the composite index of leading indicators doesn't lead

- Kenneth M. Emery and Evan Koenig
- 9317: An alternative neo-classical growth model with closed-form decision rules

- Gregory Huffman
- 9316: Price stabilization, output stabilization and coordinated monetary policy actions

- Joseph Haslag
- 9315: Output, inflation, and stabilization in a small open economy: evidence from Mexico

- John Rogers and Ping Wang
- 9314: Technological unemployment

- W. Michael Cox
- 9313: Default risk, dollarization, and currency substitution in Mexico

- William Gruben and John H. Welch
- 9312: Borrowing constraints, household debt, and racial discrimination in loan markets

- John Duca and Stuart Rosenthal
- 9311: Real effects of money and welfare costs of inflation in an endogenously growing economy with transactions costs

- Ping Wang and Chong Yip
- 9310: Does it matter how monetary policy is implemented?

- Joseph Haslag
- 9309: The algebra of price stability

- Nathan Balke and Kenneth M. Emery
- 9308: On quantity theory restriction and the signalling of the money multiplier

- Joseph Haslag
- 9307: Money demand and relative prices during episodes of hyperinflation

- Ellis Tallman and Ping Wang
- 9306: Constructing an alternative measure of changes in reserve requirement ratios

- Joseph Haslag and Scott Hein
- 9305: Money, output, and income velocity

- Theodore Palivos and Ping Wang
- 9304: The political economy of school reform

- Shawna Grosskopf, Kathy J. Hayes, Lori Taylor and Anke Weber
- 9303: A general two sector model of endogenous growth with human and physical capital

- Eric Bond, Ping Wang and Chong Yip
- 9302: The new face of Latin America: financial flows, markets, and institutions in the 1990s

- John H. Welch
- 9301: Human capital externalities, trade, and economic growth

- David Gould and Roy J. Ruffin
- 9216: An analysis of the impact of two fiscal policies on the behavior of a dynamic asset market

- Gregory Huffman
- 9215: Energy security: a comparison of protectionist policies

- Carol Dahl and Mine Yucel
- 9214: Forecasting turning points: is a two-state characterization of the business cycle appropriate?

- Kenneth M. Emery and Evan Koenig
- 9213: Measuring the value of school quality

- Lori Taylor
- 9212: The analysis of fiscal policy in neoclassical models

- Mark Wynne
- 9211: Nominal feedback rules for monetary policy: some comments

- Evan Koenig
- 9210: Cointegration and tests of a classical model of inflation in Argentina, Bolivia, Brazil, Mexico, And Peru

- Raul Anibal Feliz and John H. Welch
- 9209: Threshold cointegration

- Nathan Balke and Thomas Fomby
- 9208: On the future erosion of the North American Free Trade Agreement

- William Gruben
- 9207: The effects of credit availability, nonbank competition, and tax reform on bank consumer lending

- John Duca and Bonnie Garrett
- 9206: Budget constrained frontier measures of fiscal equality and efficiency in schooling

- Shawna Grosskopf, Kathy J. Hayes and Lori Taylor
- 9205: Inflation and its variability: a note?

- Kenneth M. Emery
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