Gregory W. Huffman

Jim Dolmas

English

Research Papers in Economics

104 The Political Economy of Endogenous Taxation and Redistribution (Jim Dolmas

16 An Analysis of rhe Impact of Two Fiscal Policies on the Behavior of a Dynam.ic Asset Market (Gregory W. Huffman)

A General Two Sector Model of Endogenou Growth with Human and Physical Capital (Eric

A General Two-Sector Model of Endogenous Growth with Human and Physical Capital: Balanced Growth and Transitional Dynamics (Eric W, Bond, Ping Wang,and Chong K. Yip)

A Sticky-Price Manifesto (Laurence Ball and N. Gregory Mankiw)

A Survey of Measurement Biases in Price Indexes (Mark A. Wyn:re ald Fiona Sigalla)

Adjustment: The Fischerian Altemative (Evan F. Koenig)

Allocative Inefficiency and Lncal Covemment: Evidence Rejecting the Tiebout Hypothesis ([,ori L.

An Alternative Neo-Classical Growth Model with Closed-Form Decision RuleS (Gregory W. Huffmal)9318 Why the Composite Index of kading Indicators Doesn't l,ead

An Equilibdum Analysis of Relative Price Changes and Aggregate Inflation

An Equilibrium Analysis of Central Bank Independence and Inflation (Gregory W. Huffman)

An Exploration into the Effects of Dynamic Economic Stabilization (Jim Dolmas and Gregory W. Huffman) g@7 Is Airline Price Dispersion the Result of Carefirl Planning or Competitive Forces? (Kathy

and Income Velocity (Theodore Palivos ald Ping Wang)

and Relative Prices During Episodes of Hyperinflation (Ellis W. Tallman ald Ping hs)

and Skbilization in a Small Open Economy: Evidence from Mexico (John H. Rogers and Ping Watrg)

Assesshg the Economic Cost of Unilateral Oil Conservation

Balk Consurner I-ending, and Consumer Durables (John V, Duca and Bonnie Garrett)

Base Rules: The Currency Caveat

Building a Regional Forecasting Model Utilizing l,ong-Terrn Relationships and Short-Term Indicators (Keith R- Phillips and Chih-Ping Chang)

Building Trade Barriers and Knocking Them Down: The Political Economy of Unilateral Trade Liberalizations

Capacity Utilization and the Evolution of Manufacturing Output: A Closer Look at the &quot;Bounce-Back Effect&quot; (Evan F.

Cointegration and Tesu of a Classical Model of Inflation in Argentim,

Constructing an A.ltemative Measure of Changes in Reserve Requiremen Ratios (Joseph H. Heshg and Scoff E. Hein)

Country-Bashing Tariffs: Do Bilateral Trade Deficits Matter?

Determination and the Distribution of Wealth (Gregory W. Hriffuian)

Does Aggregate Output Have a Unit Root? (Mark A. Wynne)

Does it Achieve its Intended Goals? (Mine Yticel and Shengyi Guo)

Does It Matter How Monetary Policy is Implemented? (Joseph H. Haslag and Scon Hein)

Does the Choice of Nominal Anchor

Econornic Activity: Shocks or Propagation Mechanism? (Nathan S. Ballte and Chih-Ping Chang)

Effects, Heteiogeneity and Dynamic Fiscal Policy (Zsolr Becsi)

Endogenous Growtl and International Trade

Endogenous tax determi::ation a.rrd the distribution of wealth,

Energy Security: A Comparison of Protectionist Policies (Mirc K. Yiicel and Carol Dahl)

Equiry with Endogenous Human Capital: Taiwan's Economic Miracle Revisited (Maw-Lin Lee, Ben-Chieh Liu, and Ping Wang)

Exchange Rate Uncertainty and Econornic Growth h Latin America (Darryl Mcl€od and

Fiscal Policy in More General Equilibriium (Jim Dolman atrd Mark Wynne)

Frontier Measures of Fiscal Equality and Efliciency in Schooling (Shawna Grosskopf, Kathy Hayes,

Funds be Included in M2? (John V. Duca)

held at the Federal Reserve Bank of Dallas. Dallas. Texas Available, at no charge, from the Research Department Federal Reserve Bank of Dallas,

Humar Capital Externalities, Trade, arrd Economic Growth (David Gould and

I Real Effects of Money aad Welfare Costs of Inflation in an Endogenously Growhg Economy with Tralsactions Costs (Ping Wang and Chong K. Yip)

Ilflation and Intermediation in a Model with Endogenous Growth (Joseph H. Haslag)

Immigrant Links to the Home Country: Implications for Trade, Welfare and Factor Rewards (David M. could)

Income Taxes as Reciprocal Tariffs

Inflation and Its variability:

Liberalization, and Trade Wars: The Polirical Economy of Nonstrategic Trade Policy

Liberalization, and Trade Wars: The Political Economy of Nonstritegic Trade Policy '

ll Nominal Feedback Rules for Monetary Policy: Some Comments (Evan F..Koenig)

Measuring the Value of School Quality

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Natural Gas and Oil Markets after World War II: What's Old, W}tat's New? (Mine K. Yiicel and Shengyi Guo)

Net Discount Rates Stationary?: Some Further Evidence (Joseph H.

Nonlinear Dynamics and Covered Interest Rate Parity

Oil Prices and Aggregate Economic Activity:

On l:ading Indicators: Getting It Straight (Mark A. Thoma and Jo Ama Gray)

On the Existence of Nonoptimal Equilibria

On the Fluctuations Induced by Majority Voting (Gregory W. Huffman) %01 Adding Bond Funds to M2 in the P-Star Model of InJlation (Zsolt Becsi ald

On the Future Erosion of the Nonh American Free Trade Agreeme (Williuii.C. Gruoenl

On the Optimality of Interest-Bearing Reserves in Economies of Overlapphg Generatiotrs (Scott Freeman and Joseph Haslag) t.

On the Politica.l Economy of School Deregulation (Shawna Grosskopf, Kathy Hayes, Inri Taylor,

Output Stabilization and Coordinated Monetary Policy Actions (Joseph H. Haslag)

Problems of Testing Fiscal Solvency in High Inflation Economies: Evidence fiom Argentina, Brazil, and Mexico

Protecti.ng Social Interest in Free Invention (Stephen P.A. Brown alid William C. Gruben)

Recessions and Recoveries in Real Business Cycle Models: Do Real Business Cycle Models Generate Cyclical Behavior? (Mark A. Wyme)

Recessions Followed by Strong Recoveries? (Mark

Recessions Followed By Strong Recoveries? Results for the G-7 Countries

Regional Productivity and Efficiency in the U.S.: Effects of Business Cycles and Public Capital (Dale Boisso, Shawna Grosskopf ald Kathy Hayes)

Regulatory Changes and Housing Coefficients (Jobr V. Duca)

Sequential Markets and the Suboptimatity of the Friedman Rule (Stephen D.

Some Implications of Increased Cooperation in World Oil Consewation (Siephen

Sources of Real Exchatrge Rate Fluctuations: How Important Are Nominal Shocla? (Richard Clarida and Jordi

Specialization and the Effects of Transactions Costs on Equilibrium Exchange (James Dolmas

Targeting Nominal Income: A Closer I-ook (Evan E. Koenig)

The Algebra of Price Stability

The Analysis of Fiscal Policy in Neoclassical Models'

The Case of the &quot;Missing M2&quot; (John V. Duca)

The Credibiliry and Performance of Unilateral Target Zones:

The Dynamics of Recovedes

The Effects of Credit Availability, Nonbank Competirion, and Tax Reform on Bank Consumer Lending

The Effects of Monetary Policy in a Model with Reserve Requirements (Joseph H. Haslag)

The Effects of Monetary Policy Shocks: Evidence From the Flow of Funds

The Inefficiency of Seigniorage from Required Reserves (Scon Freeman)

The Information Content of the Paper-Bill Spread (Kenneth M. Emery)

The Interest Sensitivity of GDP and Accurate Reg Q Measures (John V. Duca)

The Monetary Policy Effects on Seignorage Revenue in a Simple Growth Model (Joseph H. Haslag)

The New Face of Lalin America: Fi.nancial Flows, Markets, and Institutions in the 1990s (Joln Welch)

The Output Effects of Covemment Consumption: A Note (Mark A. Wynne)

The P+ Model of Inflation, Revisited (Evar F. Koenig)

The Policy Sensitivity of Industries and Regiors

The Response of l,ocal Govemments to Reagan-Bush Fiscal Federalism

The Role of Intellectual Property Rights in Economic Growth

The Role of Intratemporal Adjustment Costs in a Muld-Sector Economy (Grigory,W. Huffman and

The Role ofTax Policy in the Boom/Bust Cycle of the Texas Construction Sector (D'Ann Petersen,

The Stock Marker and Monetary Policy: The Role of Macroeconomic States (Chih-Ping Chang and Huan Zhang) g5l7 Hyperinflations and Moral Hazard in the Appropriation of Seigniorage: An Empirical lmplementation With A Calibration Approach (Carlos E. Zaraz ga)

Theory Restrictions and the Signalling Value of the Money Multiplier (Joseph Haslag)

Zl4 Forecasting Tuming Points: Is a Two-State Characterization of the Business Cycle Appropriate? (Kenneth

The political economy of endogenous taxation and redistribution

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The political economy of endogenous taxation and redistribution

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Research Papers in Economics