Search Results
Journal Article
The base money paradox
Working Paper
U.S. official forecasts of Group of Seven economic performance, 1976-90
In this paper, we evaluate the accuracy of the U.S. Treasury Department forecasts of real growth and inflation from 1976 to 1990 for the Group of Seven (G-7) economies. The accuracy of these forecasts is measured against the standard of actual real world growth and inflation as subsequently published in the Treasury's World Economic Outlook (WEO). The primary comparison is to forecasts made by the OECD for each of the G-7 nations, but for the United States and Canada, we compare the forecasts to those made by the Blue Chip consensus and the Federal Reserve 'Greenbook'.
Journal Article
Money and deflation in Japan
Working Paper
Replication and scientific standards in economics a decade later: the impact of JMCB project
Scientific inquiry embodies skepticism. Researchers are trained to scrutinize every result, doubting not only the truth but also the tests of every hypothesis. Research papers in professional journals typically present only summaries of results, however, providing neither the programs nor data that a reader requires fully understanding -- and questioning -- the authors' tests. The Journal of Money, Credit, and Banking project a decade ago was the first attempt by the editor of a major journal to furnish readers with the data and programs used by the journal's authors. The project revealed the ...
Journal Article
Bond market inflation credibility
Conference Paper
How fast does inflation adjust to its underlying determinants?
Journal Article
Monetarism is dead; long live the quantity theory
Journal Article
U.S. official forecasts of G-7 economies, 1976-90
Journal Article
Deficits and monetary growth