Volume 37 (2005)

Number 1 (February 2005)

Articles

Martin Eichenbaum and Jonas D.M. Fisher, "Fiscal Policy in the Aftermath of 9/11," pp. 1-22

Stephen L. Parente and Jose-Victor Rios-Rull, "The Success and Failure of Reforms in Transition Economies," pp. 23-42

Robert Cull, Lemma W. Senbet, and Marco Sorge, "Deposit Insurance and Financial Development," pp. 43-82

George Clarke, Robert Cull, Maria Soledad Martinez Peria, and Susana M. Sanchez, "Bank Lending to Small Businesses in Latin America: Does Bank Origin Matter?" pp. 83-118

K. Alec Chrystal and Paul Mizen, "A Dynamic Model of Money, Credit, and Consumption: A Joint Model for the UK Household Sector" pp. 119-144 (there is no read me file for this file)

Shorter Papers, Discussions, and Letters

Editors' Note, pp 145-146

Peter Howitt and David Mayer-Foulkes, "R&D, Implementation, and Stagnation: A SchumpeterianTheory of Convergence Clubs," pp. 147-178

Assaf Razin, "Aggregate Supply, Investment in Capacity, and Potential Output," pp. 179-190

 

Number 2 (April 2005)

Articles

Allen N. Berger, W. Scott Frame, and Nathan H. Miller, "Credit Scoring and the Availability, Price, and Risk of Small Business Credit," pp. 191-222

Tullio Jappelli, Marco Pagano, and Magda Bianco, "Courts and Banks: Effects of Judicial Enforcement on Credit Markets," pp. 223-245

Glenn D. Rudebusch, "Assessing the Lucas Critique in Monetary Policy Models" [zip] pp. 245-272 (For more information see the read me file for this file archive.)

Alexander L. Wolman, "Real Implications of the Zero Bound on Nominal Interest Rates," pp. 273-296

Jeremy Rudd and Karl Whelan, "Does Labor's Share Drive Inflation?" pp. 297-312

Mikael Apel, Richard Friberg, and Kerstin Hallsten, "Microfoundations of Macroeconomic Price Adjustment: Survey Evidence from Swedish Firms" [zip] pp. 313-338 (For more information see the read me file for this file archive.)

Dogan Tirtiroglu, Kenneth N. Daniels, and Ercan Tirtiroglu, "Deregulation, Intensity of Competition, Industry Evolution, and the Productivity Growth of U.S. Commercial Banks" [zip] pp. 339-362 (For more information see the read me file for this file archive.)

Shorter Papers, Discussions, and Letters

Claude Lopez, Christian J. Murray, and David H. Papell, "State of the Art Unit Root Tests and Purchasing Power Parity" pp. 361-370 (there is no read me file for this file archive)

Joseph P. Daniels, Farrokh Nourzad, and David D. Vanhoose, "Openness, Central Bank Indepence, and the Sacrifice Ratio" [zip] pp. 371-379 (For more information see the read me file [doc] for this file archive.)

 

Number 3 (June 2005)

Articles

Mark W. Watson and Kenneth D. West, Introduction, pp. 381-382

John C. Robertson, Ellis W. Tollman, and Charles H. Whiteman, "Forecasting Using Relative Entropy,"pp. 383-402

Jon Faust, John H. Rogers, and Jonathan H. Wright, "News and Noise in G-7 GDP Announcements," pp. 403-420

Sophocles Mavroeidis, "Identification Issues in Forward-Looking Models Estimated by GMM, with an Application to the Phillips Curve," pp. 421-448

Lucio Sarno, Daniel L. Thornton, and Giorgio Valente, "Federal Funds Rate Prediction" [zip] pp. 449-472 (For more information see the read me file for this file archive.)

Michael W. McCracken and Stephen G. Sapp, "Evaluating the Predicability of Exchange Rates Using Long-Horizon Regressions: Mind Your p's and q's!" [zip] pp. 473-494 (For more information see the read me file for this file archive.)

Jan J.J. Groen, "Exchange Rate Predictability and Monetary Fundamentals in a Small Mulit-Country Panel" [zip] pp. 495-516 (For more information see the read me file for this file archive.)

Mototsugu Shintani, "Nonlinear Forecasting Analysis Using Diffusion Indexes: An Application to Japan,"pp. 517-538

Riccardo Cristadoro, Mario Forni, Lucrezia Reichlin, and Giovanni Veronese, "A Core Inflation Indicator for the Euro Area," pp. 539-560

Ray Yeutien Chou, "Forecasting Financial Volatilities with Extreme Values: The Conditional Autoregressive Range (CARR) Model" [zip] pp. 561-582 (For more information see the read me file for this file archive.)

Athanasios Orphanides and Simon van Norden, "The Reliability of Inflation Forecasts Based on Output Gap Estimates in Real Time," pp. 583-601

 

Number 4 (August 2005)

Articles

Laura Bottazzi and Paolo Manasse, "Asymmetric Information and Monetary Policy in Common Currency Areas," pp. 603-622

Eduardo Jallath-Coria, Tridas Mukhopadhyay, and Amir Yaron, "How Well Do Mexican Banks Manage Their Reserves?" pp. 623-644

Ray C. Fair, "Estimates of the Effectiveness of Monetary Policy," pp. 645-660

Ellen E. Meade and D. Nathan Sheets, "Regional Influences on FOMC Voting Patterns" [zip] pp. 661-678 (For more information see the read me file for this file archive.)

Alan C. Hess and Avraham Kamara, "Conditional Time-Varying Interest Rate Risk Premium: Evidence from the Treasury Bill Futures Market" [zip] pp. 679-698 (For more information see the read me file for this file archive.)

Huw Lloyd-Ellis, Shiqiang Zhan, and Xiaodong Zhu, "Tax Smoothing with Stochastic Interest Rates: A Resassement of Clinton's Fiscal Legacy" [zip] pp. 699-724 (For more information see the read me file for this file archive.)

Michael M. Hutchison and Ilan Noy, "How Bad Are Twins? Output Cost of Currency and Banking Crises "[zip] pp. 725-752 (For more information see the read me file for this file archive.)

Ali Anari, James Kolari, and Joseph Mason, "Bank Asset Liquidation and  the Propagation of the U.S. Grat Depression" pp. 753-774 (there is no read me file for this file archive)

Shorter Papers, Discussions, and Letters

Soyoung Kim, "Monetary Policy, Foreign Exchange Policy, and Delayed Overshooting," pp. 775-782

Robert W. Diamond, "David Hume on Canadian Paper Money: An Overlooked Contribution," pp. 783-787

 

Number 5 (October 2005)

Articles

Alan S. Blinder and John Morgan, "Are Two Heads Better Than One? Monetary Policy by Committee" [zip] pp. 789-812 (For more information see the read me file for this file archive.)

Taehun Jung, Yuki Teranishi, and Tsutomu Watanabe, "Optimal Monetary Policy at the Zero-Interest-Rate Bound," pp. 813-836

Marianne Nessén and David Vestin, "Average Inflation Targeting," pp. 837-864

Ming Chien Lo and Jeremy Piger, "Is the Response of Output to Monetary Policy Asymmetric? Evidence from a Regime-Switching Coefficients Model" [zip] pp. 865-886 (For more information see the read me file for this file archive.)

David E. Rapach and Mark E. Wohar, "Regime Changes in International Real Interest Rates: Are They a Monetary Phenomenon?" [zip] pp. 887-906 (For more information see the read me file for this file archive.)

Alberto Petrucci and Edmund S. Phelps, "Capital Subsidies versus Labor Subsidies: A Trade-off between Capital and Employment?," pp. 907-922

Dennis Glennon and Peter Nigro, "Measuring the Default Risk of Small Business Loans: A Survival Analysis Approach," pp. 923-948

Shorter Papers, Discussions, and Letters

Charles Engel, "Some New Variance Bounds for Asset Prices," pp. 949-956

Dror Goldberg, "Famous Myths of "Fiat Money?" pp.957-968

Edgar A. Ghossoub and Robert R. Reed, "Money and Specialization in a Neoclassical Growth Model,"pp.969-975

 

Number 6 (December 2005)

Articles

John H. Boyd, Sungkyu Kwak, and Bruce Smith, "The Real Output Losses Associated with Modern Banking Crises," pp. 977-999

Roel M.W.J. Beetsma and Lans Bovenberg, "Structural Distortions and Decentralized Fiscal Policies in EMU," pp. 1001-1018

Katherine S. Neiss and Edward Nelson, "Inflation Dynamics, Marginal Cost, and the Output Gap: Evidence from Three Countries" [zip] pp. 1019-1045 (For more information see the read me file for this file archive.)

Tommaso Monacelli, "Monetary Policy in a Low Pass-Through Environment," pp. 1047-1066

Anjan Thakor, "Do Loan Commitments Cause Overlending?," pp. 1067-1099

Lance A. Fisher and Geoffrey H. Kingston, "Joint Implications of Consumption and Tax Smoothing," pp. 1101-1119

Shigeru Iwata and Shu Wu, "What Macroeconomic Risks are (Not) Shared by International Investors,"pp. 1121-1141

Shorter Papers, Discussions, and Letters

Bill Dupor and Takayuki Tsuruga, "Sticky Information: The Impact of Different Information Updating Assumptions," pp. 1143-1152

Tony Caporale and Kevin B. Grier, "Inflation, Presidents, Fed Chairs, and Regime Shifts in the U.S. Real Interest Rate?" [zip] pp.1153-1163 (For more information see the read me file for this file archive.)

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