Search Results - "Rasche, Robert H"

The stability of long-run money demand in five industrial countries by Hoffman, Dennis L., Rasche, Robert H., Tieslau, Margie A.

“…This study provides strong evidence for the stability of long-run demand functions for narrowly defined money (M1) in five industrial countries (U.S., Japan,…”
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Perfecting the Market's Knowledge of Monetary Policy by Poole, William, Rasche, Robert H

“…The rational expectations revolution made clear that a complete macro model requires a specification of the government's economic policy. It is argued that…”
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Results of a study of the stability of cointegrating relations comprised of broad monetary aggregates by Carlson, John B, Hoffman, Dennis L, Keen, Benjamin D, Rasche, Robert H

“…We find strong evidence of a stable `money demand’ relationship for MZM and M2M through the 1990s. Though the M2 relation breaks down somewhere around 1990,…”
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Assessing forecast performance in a cointegrated system by Hoffman, Dennis L., Rasche, Robert H.

“…This paper examines the forecast performance of a cointegrated system relative to the forecast performance of a comparable VAR that fails to recognize that the…”
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The reform of October 1979: how it happened and why by Lindsey, David E, Orphanides, Athanasios, Rasche, Robert H

“…This study offers a historical review of the monetary policy reform of October 6, 1979, and discusses the influences behind it and its significance. We lay out…”
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Long-Run Income and Interest Elasticities of Money Demand in the United States by Hoffman, Dennis L., Rasche, Robert H.

“…Econometric techniques designed to accommodate nonstationary data are used to re-examine the stability of interest and income elasticities of money demand in…”
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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…”
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A vector error-correction forecasting model of the US economy by Anderson, Richard G., Hoffman, Dennis L., Rasche, Robert H.

“…Any research or policy analysis in economics must be consistent with the time-series properties of observed macroeconomic data. Numerous previous studies…”
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Sufficient Conditions for Expected Utility to Imply Mean-Standard Deviation Rankings: Empirical Evidence Concerning the Location and Scale Condition by Meyer, Jack, Rasche, Robert H.

“…A procedure is proposed for examining the location and scale (LS) condition. The Kolmogorov-Smirnov multi-sample test and observations from the random…”
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Reply to the comments on ‘A vector error-correction forecasting model of the U.S. economy’ by Anderson, Richard G, Hoffman, Dennis L, Rasche, Robert H

“…A reply to comments made by Swanson and Lastrapes on the paper, A Vector Error-Correction Forecasting Model of the US Economy, is presented. Professors…”
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The effectiveness of monetary policy by Rasche, Robert H, Williams, Marcela M

“…This analysis addresses changing views of the role and effectiveness of monetary policy, inflation targeting as an 'effective monetary policy,' monetary policy…”
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Stochastic trends and economic fluctuations in a large open economy by DeLoach, Stephen B., Rasche, Robert H.

“…This study examines the role of stochastic trends in real exchange rates and foreign output in explaining economic fluctuations in the United States. While…”
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Pitfalls in counterfactual analyses of policy rules by Rasche, Robert H.

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An Examination of the Commerce Department Leading-Indicator Approach by Koch, Paul D., Rasche, Robert H.

“…Bivariate time series models are built that describe the empirical relationships between industrial production and components of the Composite Index of Leading…”
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Simulations of Stabilization Policies for 1966-1970 by Rasche, Robert H.

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Can the Reserves Approach to Monetary Control Really Work? by Johannes, James M., Rasche, Robert H.

“…Late in 1979 the Federal Reserve Board announced that the Federal Open Market Committee was discarding its traditional interest rate approach to monetary…”
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What Do Money Market Models Tell Us About How to Implement Monetary Policy? by Anderson, Richard G., Rasche, Robert H.

“…The current role of econometric money market models in the conduct of monetary policy is rather ambiguous. Nevertheless, recent procedural changes by the…”
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Federal Reserve Bank Membership: Effects on Bank Profits by Gilbert, R. Alton, Rasche, Robert H.

“…A recent study of the influence of Federal Reserve (Fed) membership on bank profits, uses a statistical technique to help reconcile results of previous…”
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Price Expectations and Interest Rates: Some Clarifying Comments: Comment by Obst, Norman P., Rasche, Robert H.

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Estimating regional construction cost differences: Theory and evidence by Johannes, James M., Koch, Paul D., Rasche, Robert H.

“…The economic theory of cost functions is employed to derive geographic cost differentials for construction projects located across the United States. Assuming…”
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