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1984 Working Papers

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Informational Implications of Interest Rate Rules
By Robert G. King & Michael Dotsey
Working Paper 84-8
Released: September 1984

Returning to a topic first systematically treated by Poole (1970) in a textbook Keynesian model, this paper compares interest rate and money supply rules. Our analysis, by contrast, is conducted within a rational expectations macro model that ...

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Inadequate Tests of the Rationality of Expectations
By Roy H. Webb
Working Paper 84-7
Released: October 1984

In several recent articles, authors have regressed actual values of macroeconomic aggregates on predicted values and claimed that they were testing the rationality of expectations. This paper interprets those regressions as testing a joint hypothesis of...

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Defining and Improving the Accuracy of Macroeconomic Forecasts: Contributions From a VAR Model
By Roy H. Webb & William M. Lupoletti
Working Paper 84-6
Released: October 1984

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Fisher, Thornton and the Analysis of the Inflation Premium
By Richard H. Timberlake, Jr., Thomas M. Humphrey, William Beranek & William Beranek
Working Paper 84-5
Released: September 1984

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A Weekly Perfect Foresight Model of the Nonborrowed Reserve Operating Procedure
By Richard D. Porter, George Moore, Anil Kashyap, Gary Anderson & Marvin Goodfriend
Working Paper 84-4
Released: September 1984

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The Lender of Last Resort: A Historical Perspective
By Robert E. Keleher & Thomas M. Humphrey
Working Paper 84-3
Released: June 1984

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The Formulation of Monetary Policy
By Robert L. Hetzel
Working Paper 84-2
Released: May 1984

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Monetary Policy in the Early 1980's
By Robert L. Hetzel
Working Paper 84-1
Released: May 1984

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