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Working Papers

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Working Paper 254 (May 1984)

The Costs of Intermediate Targeting
Robert B. Litterman
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 244 (Revised October 1984)

Optimal Income Tax in a Monetary Economy
Preston J. Miller
Published In: Journal of Economic Dynamics and Control (Vol. 17, No. 3, May 1993, pp. 443-465)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 239 (June 1983)

"Can the Cycle Be Reconciled With a Consistent Theory of Expectations" Or a Progress Report on Business Cycle Theory
Edward C. Prescott
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 222 (Revised June 1983)

After Penn Square: The Insurance Dilemma
Evelyn F. Carroll, Arthur J. Rolnick
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 218 (Revised February 1983)

Money, Nonconvex Preferences, and the Existence of Equilibrium: A Note
Bruce D. Smith
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 216 (September 1982)

Money as a Medium of Transaction in the Overlapping Generations Model
Bruce D. Smith
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 213 (September 1982)

A Time Series Analysis of Federal Budget Policy
Preston J. Miller
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 210 (August 1982)

A Monetarist Approach to Federal Budget Control
Preston J. Miller
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 205 (August 1982)

Human Capital Investment, and the Inefficiency of Compensation Based on Marginal Productivity: The Static Case
Bruce D. Smith
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 204 (Revised November 1985)

Limited Information, Money, and Competitive Equilibrium
Bruce D. Smith
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 170 (April 1981)

"Dollarization," Seignorage, and the Demand for Money
Thomas J. Sargent
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 165 (November 1980)

The Term Structure of Interest Rates and the Aliasing Identification Problem
Lawrence J. Christiano
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 163 (Revised November 1981)

Rational Expectations, Hyperinflation, and the Demand for Money
Lawrence J. Christiano
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 158 (Revised May 1981)

The Ends of Four Big Inflations
Thomas J. Sargent
Published In: The theory of inflation (1994, pp. 433-489)
Published In: Inflation: Causes and Effects (1982, pp. 41-97)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 152 (April 1980)

The Case for Branch Banking in Montana
Stanley L. Graham, Arthur J. Rolnick
[Paper available on-line as PDF (Adobe Acrobat) file]

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