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Working Papers

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Working Paper 280 (April 1985)

Identification and Estimation of a Model of Hyperinflation With a Continuum of "Sunspot" Equilibrium
Thomas J. Sargent, Neil Wallace
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 277 (Revised August 1986)

Time to Build and Aggregate Fluctuations: Some New Evidence
Sumru Altug
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 275 (Revised May 1985)

Inherent Instability in Banking: The Free Banking Experience
Arthur J. Rolnick, Warren E. Weber
Published In: Cato Journal (Vol. 5, No. 3, Winter 1986, pp. 877-890)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 274 (Revised July 1985)

Forecasting With Bayesian Vector Autoregressions Five Years of Experience
Robert B. Litterman
Published In: Economic forecasting (Vol. 1, 1999, pp. 354-85)
Published In: Journal of Business and Economic Statistics (Vol. 4, No. 1, January 1986, pp. 25-38)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 268 (Revised February 1985)

National Monetary Policies in a World Economy: A Role for Cooperation
Preston J. Miller, Neil Wallace
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 265 (Revised June 1985)

Suspension and the Financing of the Civil War: A Critique of Newcomb and Mitchell
Arthur J. Rolnick, Neil Wallace
[Paper available on-line as PDF (Adobe Acrobat) file]

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]

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