#1986-010B "Unanticipated Money and the Anticipated Liquidity Effect: Some Further Evidence"
by Daniel L. Thornton

Revised February 1987

This paper investigates the impact of unanticipated changes in the money stock on the money, stock and foreign exchange markets. Nearly all the empirical work to date indicates that both interest rates and the foreign exchange value of the dollar rise and stock prices fall in response to an unanticipated rise in the money stock More...

PUBLISHED: Journal of International Money and Finance, December 1989, 8(4), pp. 573-87

#1986-009B "Policy Inference Using VAR Models: The Effects of Alternative Lag Structures"
by R. W. Hafer, and Richard G. Sheehan

Revised February 1987

No abstract provided More...

#1985-005B "Monetary Shocks and the Farm/Nonfarm Price Ratio: Empirical Tests of Competing Hypotheses"
by Michael T. Belongia

Revised December 1987

No abstract provided 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...

#1983-004B "Interest Rates, Commodity Price Changes and Gibson's Paradox"
by W. W. Brown, and G.J. Santoni

Revised 1987

This paper argues that the positive relationship between the level of prices and interest rates noted by Gibson arises, in part, because measured prices indexes, which are comprised primarily of the prices of short-lived consumption goods, and nominal interest rates are both driven in the same direction by changes in the real rate of interest. More...