Research Economists

Clearing Arrangements in the United States before the Federal Reserve System

February 2012 - Working Paper 695

Bank Liability Insurance Schemes Before 1865

Revised December 2011 - Working Paper 679

Clearing Arrangements in the United States Before the Fed

June 2011 - Presentations

A Model of Commodity Money with Minting and Melting

July 2011 - Staff Report 460

Coin Sizes and Payments in Commodity Money Systems

October 2008 - Staff Report 416
Published In: Macroeconomic Dynamics (Vol. 15, No. S1, April 2011, pp. 62-82)

Coin Sizes and Payments in Commodity Money Systems

March 2008 - Working Paper 658

Early State Banks in the United States: How Many Were There and Where Did They Exist?

September 2006 - Quarterly Review
Published In: Journal of Economic History (Vol. 66, No. 2, June 2006, pp. 433-455)

New Evidence on State Banking Before the Civil War

Revised July 2006 - Working Paper 642

A Model of Banknote Discounts

Revised March 2006 - Working Paper 641
Published In: Journal of Economic Theory (Vol. 142, No. 1, September 2008, pp. 5-27)

Early State Banks in the United States: How Many Were There and When Did They Exist?

Revised December 2005 - Working Paper 634
Published In: Journal of Economic History (Vol. 66, No. 6, June 2006, pp. 433-455)

Were U.S. State Banknotes Priced as Securities?

Revised May 2005 - Staff Report 344

Banknote Prices in the United States Prior to 1860

October 2003 - Working Paper 629

Interbank Payments Relationships in the Antebellum United States: Evidence From Pennsylvania

Summer 2003 - Quarterly Review
Published In: Journal of Monetary Economics (Vol. 50, No. 2, March 2003, pp. 455-474)

The Big Problem of Small Change

June 2003 - The Region

In This Issue

Fall 2002 - Quarterly Review

Lessons From a Laissez-Faire Payments System: The Suffolk Banking System (1825-58)

Fall 2002 - Quarterly Review
Published In: Quarterly Review (Vol. 22, No. 3, Summer 1998, pp. 11-21)

Banknote Exchange Rate in the Antebellum United States

September 2002 - Working Paper 623

Money and Interest Rates

Fall 2001 - Quarterly Review

Some Monetary Facts

Fall 2001 - Quarterly Review
Published In: Quarterly Review (Vol. 19, No. 3, Summer 1995, pp. 2-11)

Interest Rates and Inflation

January 2001 - Working Paper 609
Published In: American Economic Review (Vol. 91, No. 2, May 2001, pp. 219-225)

Costly Banknote Issuance and Interest Rates Under the National Banking System

May 2000 - Working Paper 601

The Suffolk Bank and the Panic of 1837

Spring 2000 - Quarterly Review

The Suffolk Bank and the Panic of 1837: How a Private Bank Acted as a Lender-of-Last-Resort

December 1998 - Working Paper 592
Published In: Quarterly Review (Vol. 24, No. 2, Spring 2000, pp. 3-13)

Private Money Creation and the Suffolk Banking System

October 1998 - Working Paper 591
Published In: Journal of Money, Credit, and Banking (Vol. 31, No. 3, August 1999, pp. 624-659)

A Model of Bimetallism

August 1998 - Working Paper 588
Published In: Journal of Political Economy (Vol. 108, No. 6, December 2000, pp. 1210-1234)

Lessons From a Laissez-Faire Payments System: The Suffolk Banking System (1825–58)

Summer 1998 - Quarterly Review
Published In: St. Louis Federal Reserve Bank's Review (Vol. 80, No. 3, May/June 1998, pp. 105-116)

The Suffolk Banking System Reconsidered

May 1998 - Working Paper 587

Money, Inflation, and Output Under Fiat and Commodity Standards

Spring 1998 - Quarterly Review
Published In: Journal of Political Economy (Vol. 105, No. 6, December 1997, pp. 1308-1321)

Lessons From a Laissez-Faire Payments System: The Suffolk Banking System (1825–1858)

Revised November 1997 - Working Paper 584
Published In: Quarterly Review (Vol. 26, No. 4, Fall 2002)
Published In: Quarterly Review (Vol. 22, No. 3, Summer 1998, pp. 11-21)

The Debasement Puzzle: An Essay on Medieval Monetary History

Fall 1997 - Quarterly Review
Published In: Journal of Economic History (Vol. 56, No. 4, December 1996, pp. 789-808)

A Model of Commodity Money, With Applications to Gresham’s Law and the Debasement Puzzle

Revised July 1997 - Staff Report 215
Published In: Review of Economic Dynamics (Vol. 2, No. 1, January 1999, pp. 291-323)

The United States' Experience with State Bank Notes: Lessons for Regulating E-Cash

Revised January 1997 - Unpublished Manuscript
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Will The New $100 Bill Decrease Counterfeiting?

September 1996 - Working Paper 571

Will the New $100 Bill Decrease Counterfeiting?

Summer 1996 - Quarterly Review

Inflation, Money, and Output Under Alternative Monetary Standards

Revised October 1995 - Staff Report 175

The Debasement Puzzle: An Essay on Medieval Monetary Policy

Revised September 1995 - Working Paper 536
Published In: Journal of Economic History (Vol 56, Num 4, December 1996, pp. 789-808)

Some Monetary Facts

Summer 1995 - Quarterly Review

Interest Rates Under the U.S. National Banking System

Revised February 1994 - Staff Report 161
Published In: Journal of Monetary Economics (Vol. 34, No. 3, 1994, pp. 343-358)

In Order to Form a More Perfect Monetary Union

Fall 1993 - Quarterly Review

Estimating Linear Filters With Errors in Variables Using the Hilbert Transform

Revised August 1992 - Staff Report 96
Published In: Signal Processing (Num 37, Vol. 2, May 1994, pp. 215-228)

Resolving the National Bank Note Paradox

Spring 1992 - Quarterly Review

Will Lower Interest Rates Spur Economy?

March 1992 - The Region

A Case for Fixing Exchange Rates

June 1990 - The Region

A Case for Fixing Exchange Rates

January 1989 - Annual Reports

In This Issue

Winter 1989 - Quarterly Review

In This Issue

Spring 1989 - Quarterly Review

Explaining the Demand for Free Bank Notes

Spring 1988 - Quarterly Review
Published In: Journal of Monetary Economics (Vol. 2, No. 1, 1988)

Explaining the Demand for Free Bank Notes

Revised May 1987 - Staff Report 97
Published In: Journal of Monetary Economics (Vol 21, No. 1, January 1988, pp. 47-71)

Gresham's Law or Gresham's Fallacy?

Winter 1986 - Quarterly Review
Published In: Journal of Political Economy (Vol. 94, No. 1, 1986)

Do Sterilized Interventions Affect Exchange Rates?

Summer 1986 - Quarterly Review

Banking Instability and Regulation in the U.S. Free Banking Era

Summer 1985 - Quarterly Review

Inherent Instability in Banking: The Free Banking Experience

Revised May 1985 - Working Paper 275
Published In: Cato Journal (Vol. 5, No. 3, Winter 1986, pp. 877-890)

Output Variability in an Open-Economy Macro Model With Variance-Dependent Parameters

September 1984 - Staff Report 94

Gresham's Law or Gresham's Fallacy

August 1983 - Staff Report 88
Published In: Quarterly Review (Vol 10, Num 1, Winter 1986, pp. 17-24)

A New Explanation for Free Bank Failures

Revised November 1982 - Staff Report 79
Published In: Journal of Monetary Economics (Vol 14, Num 3, November 1984, pp. 267-291)

Free Banking, Wildcat Banking, and Shinplasters

Fall 1982 - Quarterly Review

The Free Banking Era: New Evidence on Laissez-Faire Banking

May 1982 - Staff Report 80

A Method for Estimating Distributed Lags When Observations are Randomly Missing

April 1981 - Staff Report 65

 

 

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