Search Results - "Crowder, William J."

The Neo-Fisherian hypothesis: empirical implications and evidence? by Crowder, William J.

“…The Neo-Fisher hypothesis is the idea, first suggested by Jim Bullard (FRB St. Louis Rev 92(5):339–352, 2010 ) and then thrown into the public debate by John…”
Get full text

Volatility in productivity and the impact on unemployment by Crowder, William J., Smallwood, Aaron

“…Volatility, and the uncertainty it creates, has long been recognized as a factor in economic decision making. Since hiring occurs before shocks to productivity…”
Get full text

Real Exchange Rate Persistence in US Dollar PPP Systems by Crowder, William J.

“…Persistent deviations of exchange rates from equilibrium values may lead to inefficient resource allocations internationally. Such persistence is well…”
Get full text

The liquidity effect: Evidence from the U.S by Crowder, William J.

“…Using a simple cointegrated vector autoregression (VAR) I find strong evidence for a liquidity effect at policy relevant time horizons with a broad monetary…”
Get full text

THE INTERACTION OF MONETARY POLICY AND STOCK RETURNS by Crowder, William J.

“…The “irrational exuberance” of the stock market in the late 1990s led to a discussion of the appropriate policy response by monetary authorities. Any response…”
Get full text

Does investment lead to greater output? A panel error-correction model analysis by Crowder, William J., de Jong, Pieter J.

“…In this study we attempt to determine the direction of causality between fixed investment spending and output. A literature has been developed which examines…”
Get full text

The Long-Run Relationship between Nominal Interest Rates and Inflation: The Fisher Equation Revisited by Crowder, William J., Hoffman, Dennis L.

“…The empirical literature examining the Fisher equation has produced results that are generally inconsistent with the simple textbook representation. Much of…”
Get full text

Are Tax Effects Important in the Long-Run Fisher Relationship? Evidence from the Municipal Bond Market by Crowder, William J., Wohar, Mark E.

“…Are nominal bonds appropriately discounted for taxes? Empirical estimates of the response of nominal interest rates to changes in inflation, the Fisher effect,…”
Get full text

A re-examination of international inflation convergence over the modern float by Crowder, William J., Phengpis, Chanwit

“…Crowder [Crowder, W.J., 1996. The international convergence of inflation rates during fixed and floating exchange rate regimes. Journal of International Money…”
Get full text

Teachers' Perceptions of Administrative Support in Incentive Grant Schools by Crowder, William J., Jr

“…The purpose of this study is to investigate teachers' perceptions of administrative support in incentive grant schools. The primary objective of this study is…”
Get full text

Stability of the S&P 500 futures market efficiency conditions by Crowder, William J., Phengpis, Chanwit

“…Brenner and Kroner ( 1995 ) laid out the necessary conditions for futures market efficiency when the asset price data are characterized by stochastic trends…”
Get full text

THE LONG-RUN LINK BETWEEN MONEY GROWTH AND INFLATION by CROWDER, WILLIAM J.

“…Is inflation always a monetary phenomenon? Many economists believe that the link between money growth and inflation in the U.S. has weakened over the last two…”
Get full text

Why Are Real Interest Rates Not Equalized Internationally? by S. Young Chung, Crowder, William J.

“…In this study, we specify a set of sufficient parity conditions for real interest rates to be equalized internationally, what we call real interest parity…”
Get full text

The Long-Run Fisher Relation in Canada by Crowder, William J.

“…In this paper the existing Fisher equation research is extended to time series on the Canadian nominal interest rate and inflation to test the validity of the…”
Get full text

A cointegrated structural VAR model of the Canadian economy by Crowder, William J., Wohar, Mark E.

“…This paper implements a cointegrated structural VAR model of the Canadian economy using quarterly data over the period 1964-1994. The dynamic properties of the…”
Get full text

A note on cointegration and international capital market efficiency: A reply by Crowder, William J.

“…While Charles Engel's (1996) criticism of the general strand of the foreign exchange market efficiency literature that suggests that predictability of exchange…”
Get full text

Identification, Long-Run Relations, and Fundamental Innovations in a Simple Cointegrated System by Crowder, William J., Hoffman, Dennis L., Rasche, Robert H.

“…This paper examines the roles played by innovations identified from a simple four-variable VAR characterized by cointegration. Using knowledge of cointegration…”
Get full text

The international convergence of inflation rates during fixed and floating exchange rate regimes by Crowder, William J.

“…According to the assets approach to the balance of payments/exchange rate, under a fixed exchange rate regime, inflation must grow at the same rate in each of…”
Get full text

STOCK PRICE EFFECTS OF PERMANENT AND TRANSITORY SHOCKS by CROWDER, WILLIAM J., WOHAR, MARK E.

“…This paper exploits the long‐run equilibrium relationship between stock prices and dividends, implied by the present value model, to structurally identify a…”
Get full text

Covered interest parity and international capital market efficiency by Crowder, William J.

“…Tests of covered interest parity (CIP) are prevalent in the economics and finance literature. These studies demonstrate that there does exist some profitable…”
Get full text