Number 1 (February 1998)
Apostolos Serletis and Zisimos Koustas, "International Evidence on the Neutrality of Money" [zip] pp. 1-25 (For more information see the read me file for this file archive.)
Pierluigi Balduzzi, Giuseppe Bertola, Silverio Foresi, and Leora Klapper, "Interest Rate Targeting and the Dynamics of Short-Term Interest Rates" [zip] pp. 26-50 (For more information see the read me file for this file archive.)
Sangjoon Kim, "Procyclical Multifactor Productivity: Tests of the Current Theories" [zip] pp. 51-63 (For more information see the read me file for this file archive.)
Sean Collins and Richard Anderson, "Modeling U.S. Households' Demands for Liquid Wealth in an Era of Financial Change" [zip] pp. 83-101 (there is no read me file for this file archive)
Donald P. Morgan, "The Credit Effects of Monetary Policy: Evidence Using Loan Commitments " [zip] pp. 102-118 (For more information see the read me file for this file archive.)
George Kanatas and Jianping Qi, "Underwriting by Commercial Banks: Incentive Conflicts, Scope Economies, and Project Quality," pp. 119-133
Number 2 (May 1998)
Articles
Sigbjorn Atle Berg and Moshe Kim, "Banks as Multioutput Oligopolies: An Empirical Evaluation of the Retail and Corporate Banking Markets" pp. 135-153
Reid W. Click, "Seigniorage in a Cross-section of Countries" [zip] pp. 154-171 (For more information see the read me file for this file archive.)
Peter R. Hartley, "Nonparametric Frontier Models for Assessing the Market and Cost Efficiency of Large-scale Bank Branch Networks," pp. 172-192
George Davis and Bryce Kanago, "High and Uncertain Inflation: Results from a New Data Set," pp. 218-230
John W. Keating and John V. Nye, "Permanent and Transitory Shocks in Real Output: Estimates from Nineteenth-Century and Postwar Economies" [zip] pp. 231-251 (For more information see the read me file for this file archive.)
Lawrence H. White and Donald J. Boudreaux, "Is Nonprice Competition in Currency Inefficient?" pp. 252-260
Notes, Comments, Replies
Talan Iscan and Lars Osberg, "The Link Between Inflation and Output Variability in Canada" [zip] pp. 261-272 (For more information see the read me file for this file archive.)
Number 3, Part 1 (August 1998)
Money, Credit, and Banking Lecture
Mark J. Flannery, "Using Market Information in Prudential Bank Supervision: A Review of the U.S. Empirical Evidence," pp. 273-305
Articles
R. Anton Braun and Charles L. Evans, "Seasonal Solow Residuals and Christmas: A Case of Labor Hoarding" [zip] pp. 306-330 (For more information see the read me file for this file archive.)
Robert E. Carpenter and Daniel Levy, "Seasonal Cycles, Business Cycles, and the Comovement of Inventory Investment Output" [pdf] pp. 331-346 (For more information see the read me file for this file archive.)
Sangkyun Park and Stavros Peristiani, "Market Discipline by Thrift Depositors," pp. 347-364
Sydney Ludvigson, "The Channel of Moentary Transmission to Demand: Evidence from the Market for Automobile Credit" [zip] pp. 365-383 (For more information see the read me file for this file archive.)
Roel M.W.J. Beetsma and Henrik Jensen, "Inflation Targets and Contracts with Uncertain Central Banker Preferences," pp. 384-403
Henrik D. Schulze, "Can Tighter Money Now Mean Higher Inflation Now?" pp. 404-410
Notes, Comments, Replies
Robert W. Rich and J.S. Butler, "Disagreement as a Measure of Uncertainty," pp. 411-419
Number 3, Part 2 (August 1998 -- Comparative Financial Systems conference at the Federal Reserve Bank of Cleveland, Cleveland, OH)
Comparative Financial Systems A Conference Sponsored by the Federal Reserve Bank of Cleveland, November 5-7, 1997 Mark Sniderman, "Opening Remarks," pp. iii-iv
Joseph G. Haubrich and James B. Thomson, "Introduction," pp. 421-425
John H. Boyd, Chun Chang, and Bruce D. Smith, "The Behavior of Interest Rates Implied by the Term Structure of Eurodollar Futures," pp. 426-468
Comment by Douglas W. Diamond, pp. 469-471
Kathryn L. Dewenter and Alan C. Hess, "An International Comparison of Banks' Equity Returns," pp. 472-492
Comment by Philip E. Strahan, pp. 473-499
Mitchell Berlin and Loretta J. Mester, "Intermediation and Vertical Integration," pp. 500-519
Comment by George Pennacchi, pp. 520-523
Raghuram G. Rajan, "The Past and Future of Commercial Banking Viewed through an Incomplete Contract Lens," pp. 524-550
Stephen D. Williamson, "Payment Systems with Random Matching and Private Information," pp. 551-569
Comment by Edward J. Green, pp. 570-572
Edward J. Kane and Berry K. Wilson, "A Contracting-Theory Interpretation of the Origins of Federal Deposit Insurance," pp. 573-595
Ross Levine, "The Legal Environment, Banks, and Long-Run Economic Growth," pp. 596-613
Comment by Shaghil Ahmed, pp. 614-620
Gary Gorton and Andrew Winton, "Banking in Transition Economies: Does Efficiency Require Instability?" pp. 621-650
Comment by Stijn Claessens, pp. 651-655
Number 4 (November 1998)
Articles
Peter L. Rousseau and Paul Wachtel, "Financial Intermediation and Economic Performance: Historical Evidence from Five Industrialized Countries" [zip] pp. 657-678 (For more information see the read me file for this file archive.)
Jill A. Holman, "GMM Estimation of a Money-in-the-Utility Function Mode: The Implications of Functional Forms" [zip] pp. 679-698 (there is no read me file for this file archive)
Laurence Ball, Douglas W. Elmendorf, and N. Gregory Mankiw, "The Deficit Gamble," pp. 699-720
Gian Maria Milesi-Ferretti and Nouriel Roubini, "Growth Effects of Income and Consumption Taxes," pp. 721-744
Sudipto Bhattacharya, Arnoud W.A. Boot, and Anjan V. Thakor, "The Economics of Bank Regulation,"pp. 745-770
Ken S. Cavalluzzo and Linda C. Cavalluzzo, "Market Structure and Discrimination: The Case of Small Businesses" [zip] pp. 771-792 (For more information see the read me file for this file archive.)
R. Todd Smith, "Banking Competition and Macroeconomic Performance," pp. 793-815
David E.W. Laidler and George W. Stadler, "Monetary Explanations of the Weimar Republic's Hyperinflation: Some Neglected Contributions in Contemporary German Literature," pp. 816-831
Craig H. Furfine and Jeff Stehm, "Analyzing Alternative Intraday Credit Policies in Real-Time Gross Settlement Systems," pp. 832-848
Sherrill Shaffer, "Capital Requirements and Rational Discount-Window Borrowing," pp. 849-863
Erratum
Mitchell Berlin and Loretta J. Mester, "Intermediation and Vertical Integration: Erratum," pp. 864