Stephen P.A. Brown

William C. Gruben

English

Research Papers in Economics

24 A General Two-Sector Model of Endogenous Growth with Human and Physical Capital: Balanced Growth and Transitional Dynamics (Eric

A General Tlvo Sector Model of Endogenous Growth with Hurnan and Physical Capital (Eric Bond, Ping Wang, and Chong K Yip)

A Survey of Measurement Biases in Price Indexes (Mark A. Wynne and Fiona Sigalla)

Allocative Inefficiency and l-ocal Government: Evidence Rejecting the Tiebout Hypothesis (Itri L.

An Alternative Neo-Classical Growth Model with Closed-Form Decision Rules (Gregory W. Huffman)

and Income Velocity (Theodore Palivos and Ping Wang)

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

and Stabilization in a Small Open Economy: Evidence From Mexico (John H. Rogers and Ping Wang)9316 Price Stabilization, Output Stabilization and Coordinated Monetary Policy Actions (Joseph H. Haslag)

Ate Net Discount Rates Stationary?: Some Further Evidence

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

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

Clearinghouse Banks and Banknote Over-issue

Cointegration and Tests of a Classical Model of Inflation in Argentina&quot;

Constructing an Alternative Measure of Changes in Reserve Requirement Ratios

Contestabl e l4arkets and the Theory of Industry Structure, revised,

Does Aggregate Output Have a Unit Root? (Mark A&quot; Wynne)

Does it Achieve its Intended Goals? (Mine Yiicel and Shenryi Guo)

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

Dollarization, and C\rrrenry Substitution in Mexico (William Gruben and

Effects of Credit Availability, Nonbank Competitioq and Tax Reform on Bank Consumer I-ending

Effects of Money and Welfare Costs of Inflation in an Endogenously Growing Economy with Transactions Costs (Ping Wang and Chong I( Yip)

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

Erternalities, Trade, and Economic Growth (David Gould and

For simpl icity, we assume the same number of plants in all three cases. This assumption simpljfies the analysis without affecting the results.

Forecasting Turning Points: Is a Two-State Characterization of the Business Clcle Appropriate? (Kenneth

Frontier Measures of Fiscal Equatity and Efficiency in Schooling (Shawna Grosskopf, Kathy Hayes, I-ori Taylor,

Funds to M2 in the P-Star Model of Inflation (Zsolt Becsi and

Heterogeneity and Dynamic Fiscal Policy (Zsolt Becsi)

Household Debt, and Racial Discrimination in Loan Markets (John V. Duca and

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

Income Taxes as Reciprocal Tariffs

Indja,&quot; in Intellectual Property Rights: Global Consensus, Global Conflict?

Inflation and Its Variability: A Note (Kenneth M. Emery)

Liberalization, and Trade Wars: The Political Economy of Nonstrategic Trade Policy (David M. Gould and Graeme L Woodbridge) (Reprint in error of 9323)

Liberalizatior4 and Trade Wars: The Political Economy of Nonstrategic Trade Policy

Measuring the Value of School Quality

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

Nominal Feedback Rules for Monetarv Policv: Some Comments (Evan F.

On the Existence of Nonoptimal Equilibria

On the Fluctuations Induced by Majority Voting (Gregory W. Huffrnan)

On the Future Erosion of the North American Free Trade Agreement (William C. Gruben)

On the Optimality of Interest-Bearing Reserves in Economies of Overlapping Generations (Scott Freeman and Joseph Haslag)

Problems of Testing Fiscal Solvency in High Inflation Economies: Evidence from Argentina&quot; Brazil, and Mexico

Protecting Social Interest in Free Invention (Stephen P.A Brown and

Recessions and Recoveries in Real Business Clcle Models: Do Real Business Cycle Models Generate Clclical Behavior? (Mark A. Wynne)

Recessions Followed by Strong Recoveries? (Mark A Wynne

Searching for a Stable M2-Demand Equation (Evan F. Koenig)

Security: A Comparison of Protectionist Policies (Mine K. Yticel and Carol Dahl)9216 An Analysis of the Impact of Two Fiscal Policies on the Behavior of a Dynamic Asset Market (Gregory W. Huffman)

T\e Analysis of Fiscal Policy in Neoclassical Models'

T\e Case of the &quot;Missing M2&quot; (John V. Duca)

The Algebra of Price Stability

The Credibility and Performance of Unilateral Target Zones: A Comparison of the Mexican and Chilean Cases

The Inefficiency of Seigniorage from Required Resewes

The monopol ist's incentive to restrict output may be I imited, however, by the potential entry of competing inventions. See Baumol , et. a1 . (1988),F d : i J x t E o c o o :

The New Face of I-atin America: Financial Flows, Markets, and Institutions

The Oulput Effects of Government Consumption: A Note (Mark d Wynne)

The Political Economy of School Reform

The Protection of Intellectual Property Rights and Industrial Technological Development,&quot;

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

This optimality condition should be famil iar to those who are versed in the econonics of exhaustible natural resources. See Dasgupta and Heal

Why the Composite Index of Irading Indicators Doesn't Irad

Protecting social interest in free invention

http://dallasfed.org/assets/documents/research/papers/1994/wp9405.pdf

Protecting social interest in free invention

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Research Papers in Economics