#1992-008A "Selecting an Intermediate Target Variable for Monetary Policy When the Goal is Price Stability"
by Michael T. Belongia, and Dallas S. Batten
September 1992

Conventional investigations of the "best" intermediate target variable for monetary policy have used a single criterion: the best fit between the behavior of an aggregate and that of some goal variable such as nominal spending or the aggregate price level. Ignored in this type of study, however, is the ability of the central bank to control the behavior of the aggregate which has the best fit relative to the goal variable. More...

#1986-008A "Exchange Rate Movements and External Imbalance"
by Dallas S. Batten


No abstract provided More...

#1985-010A "Weighted Monetary Aggregates As Intermediate Targets"
by Dallas S. Batten, and Daniel L. Thornton


Recent financial innovation and deregulation has resulted in a number of weighted monetary aggregates being proposed for the conduct of monetary policy. This article argues that form a policy perspective one is not solely interested in a monetary aggregate that "correctly" measures the monetary services to society but, more importantly, the aggregate should be strongly related to the ultimate goal variables of policy but not subject to feedback from these variables. More...

#1985-002B "Selecting an Intermediate Target for Monetary Policy"
by Dallas S. Batten, and Michael T. Belongia

Revised November 1987

No abstract provided More...

#1984-028A "Monetary Indicators of Economic Activity: A Comment"
by Dallas S. Batten, and Michael T. Belongia


No abstract provided. More...

#1984-025A "The Impact of International Factors on U. S. Inflation: An Empirical Test of the Currency Substitution Hypothesis"
by Dallas S. Batten, and R. W. Hafer


No abstract provided. More...

PUBLISHED: Southern Economic Journal, October 1986, 53(2), pp. 400-12

#1984-024A "Currency Substitution and the Link Between Money and GNP in the U.S.: 1972-83"
by Dallas S. Batten, and R. W. Hafer


No abstract provided. More...

#1984-017A "What do Almon's Endpoint Constraints Constrain?"
by Daniel L. Thornton, and Dallas S. Batten


In this paper we show that Almon's (1965) endpoint constraints do not constrain the endpoints, as commonly thought. In particular, the endpoints are not constrained to equal zero. More...

PUBLISHED: Communications in Statistics: Simulation and Computation, 1985, pp. 683-90

#1984-004A "Some International Evidence of Output Stability Under Floating Exchange Rates"
by Dallas S. Batten, and Mack Ott


No abstract provided. More...

#1984-001A "Lag Length Selection and Granger Causality"
by Daniel L. Thornton, and Dallas S. Batten


No abstract provided. More...

PUBLISHED: Journal of Money, Credit, and Banking, May 1985, 17(2), pp. 164-78