Working Paper
The U. S. monetary policy regime, interest differentials and dollar exchange rate risk premia
Ott, Mack; Belongia, Michael T. (1987)
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. We find that risk premia apparently did increase during the regime of M1 targeting. This implied that failure to recognize the effects of changes in Fed policy is a source of specification error in exchange rate models.
Working Papers , Paper 1987-009

Working Paper
Risk aversion, risk sharing, and joint bidding: a study of outer continental shelf petroleum auctions
Ott, Mack; Millsaps, Steven W. (1985)
The bidding decision by firms in OCS petroleum auctions is modeled as an application of the Arrow-Pratt theory of risk aversion. This theory is apt since OCS leases are innately risky investments: during 1954-1969, 77 percent of the Gulf of Mexico leases were unprofitable, while the average bonus (price) was $2,228,000. The model of the simultaneous choices of bid level, share in joint bids, and bids on other tracts in the same auction is tested on 17 auctions during 1968-1975. Empirical results support the hypothesis of decreasing absolute risk aversion and the risk-pooling explanation of ...
Working Papers , Paper 1985-014

Working Paper
Are energy prices cyclical?
Ott, Mack; Tatom, John A. (1984)
Working Papers , Paper 1984-014

Working Paper
Some international evidence of output stability under floating exchange rates
Ott, Mack; Batten, Dallas S. (1984)
Working Papers , Paper 1984-004

Working Paper
The interrelationship of monetary policies under floating exchange rates
Ott, Mack; Batten, Dallas S. (1982)
Working Papers , Paper 1982-006

Journal Article
Five common myths about floating exchange rates
Ott, Mack; Batten, Dallas S. (1983-11)
Review , Volume 65 , Issue Nov

Journal Article
Have U.S. exports been larger than reported?
Ott, Mack (1988-09)
Review , Issue Sep , Pages 3-23

Journal Article
Why the big rise in business loans at banks last year?
Ott, Mack; Gilbert, R. Alton (1985-03)
Review , Volume 67 , Issue Mar , Pages 5-13

Journal Article
Depreciation, inflation and investment incentives: the effects of the tax acts of 1981 and 1982
Ott, Mack (1984-11)
Review , Volume 66 , Issue Nov , Pages 17-30

Journal Article
Risk aversion, efficient markets and the forward exchange rate
Ott, Mack; Koedijk, Kees G. (1987-12)
Review , Issue Dec , Pages 5-13