#1987-009A "The U. S. Monetary Policy Regime, Interest Differentials and Dollar Exchange Rate Risk Premia"
by Michael T. Belongia, and Mack Ott


It is commonly believed that the Federal Reserve targeted money growth directly and allowed greater variation in interest rates during the October 1979-October 1982 period. Other things the same, this policy regime would be expected to increase the risk premium on the dollar exchange rate relative to a regime that attempted to reduce variations in the interest rate. More...

PUBLISHED: Journal of International Money and Finance, March 1989, 8(1), pp. 137-45

#1987-008A "Manufacturing Export Performance at the State Level, 1963-1980"
by Cletus C. Coughlin, and Oliver Fabel


In the 1960s and 1970s international trade was increasingly important for employment and economic growth at the state level; however, scholarly research on the numerous issues concerning international trade and state economic activity is negligible. The present research uses a Heckscher-Ohlin-Vanek framework to examine the international trade performance of all fifty states for selected years between 1963 and 1980. More...

PUBLISHED: Review of Economics and Statistics, November 1988, 70(4), pp. 696-701

#1987-007A "State Government Effects on the Spatial Distribution of Inward Foreign Direct Investment"
by Cletus C. Coughlin, Joseph V. Terza, and Vachira Arromdee


In a recent review of the literature, Wasylenko (1981) concluded that taxes have very little effect on interregional business location decisions. The present study examines the impact of state taxes and incentive programs on the spatial distribution of inward foreign direct investment in manufacturing. More...

PUBLISHED: Regional Science Perspectives, 1990, 20, pp. 194-207

#1987-006B "State Characteristics and the Location of Foreign Direct Investment within the United States: Minimum Chi-Square Conditional Logit Estimation"
by Cletus C. Coughlin, Joseph V. Terza, and Vachira Arromdee


No abstract provided More...

PUBLISHED: Review of Economics and Statistics, November 1991, 73(4), pp. 675-83

#1987-005A "On the Response of Interest Rates to Unexpected Weekly Money: Are Policy Changes Important?"
by R. W. Hafer, and Richard G. Sheehan


No abstract provided More...

PUBLISHED: Southern Economic Journal, January 1990, 56(3), pp. 577-93

#1987-004A "On the Sensitivity of VAR Forecasts to Alternative Lag Structures"
by R. W. Hafer, and Richard G. Sheehan


No abstract provided More...

PUBLISHED: International Journal of Forecasting, 1989, 5(3), pp. 399-408

#1987-003A "Government Debt, Output, and Asymmetric Information"
by Joseph H. Haslag, and D. C. Betts


Recent explanation of monetary policy and its effect have centered upon a non-cooperative game involving the monetary authority and the private sector. Notably absent from the discussion of asymmetric information and its impact on decision making is fiscal policy. More...

#1987-002A "Some Problems with Current Price Indexes"
by Alex Cukierman, and G.J. Santoni


No abstract provided More...

#1987-001A "Relative Price Risk in the Open Economy -- The Case of Fixed Exchange Rates"
by Jürgen von Hagen, and Manfred J.M. Neumann


The impact of aggregate nominal and real shocks on the variance of relative prices is studied in the case of an open economy with fixed exchange rates where agents have limited information about aggregate shocks and the price level. In the first part of the paper it is shown that the limited information problem causes an excess variance of relative prices. More...

#1986-011B "Will a Weaker Dollar Mean a Stronger Economy?"
by John A. Tatom

Revised April 1987

No abstract provided More...

PUBLISHED: Journal of International Money and Finance, December 1987, 6(4), pp. 433-47