#1985-015A "Further Evidence on Stock Price Response to Changes in Weekly Money and the Discount Rate"
by R. W. Hafer


No abstract provided More...

#1985-014A "Risk Aversion, Risk Sharing, and Joint Bidding: A Study of Outer Continental Shelf Petroleum Auctions"
by Steven W. Millsaps, and Mack Ott


The bidding decision by firms in OCS petroleum auctions is modeled as an application of the Arrow-Pratt theory of risk aversion. This theory is apt since OCS leases are innately risky investments: during 1954-1969, 77percent of the Gulf of Mexico leases were unprofitable, while the average bonus (price) was ,228,000. More...

PUBLISHED: Land Economics, November 1985, 61(4), pp. 372-86

#1985-013A "Is There a Stable Relationship Between Debt Growth and the Money Stock?"
by Richard G. Sheehan


No abstract provided More...

#1985-012A "Forecasting Economic Activity: Comparing the Accuracy of Survey and Time Series Predictions"
by R. W. Hafer


No abstract provided More...

#1985-011A "A Vector Autoregressive Model of Saudi Arabian Inflation"
by J. Barkley Rosser, and Richard G. Sheehan


No abstract provided More...

PUBLISHED: Journal of Economics and Business, February 1995, 47(1), pp. 79-90

#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...

#1985-009A "Investigating Weekly Survey Forecasts of the Federal Funds Rate"
by R. W. Hafer


No abstract provided More...

#1985-008A "Interest-Bearing Checkable Deposits: Are They "Money"?"
by Michael T. Belongia, and James A. Chalfant


No abstract provided More...

#1985-007A "On the Importance of Being Expected: Insights to the Weekly Money Puzzle"
by Michael T. Belongia, and Richard G. Sheehan


No abstract provided More...

#1985-006A "Inflation Uncertainty and a Test of the Friedman Hypothesis"
by R. W. Hafer


This paper tests Friedman's (1977) hypothesis that increases in inflation uncertainty, ceteris paribus, may yield higher levels of unemployment. Tests are made using quarterly measures of inflation uncertainty taken from the ASA-NBER survey. More...

PUBLISHED: Journal of Macroeconomics, Summer 1986, 8(3), pp. 365-72