Economists

Past Staff and Contributors

 

Tom Humphrey worked as an economist in the Research Department for 35 years. He retired from his position as senior economist and research advisor in 2005.

Humphrey published numerous journal articles and books during his career at the Richmond Fed. He continues to write on monetary policy history, most recently about the Federal Reserve's role as lender of last resort.

 
Issue Title Author(s)
1989 Precursors of the P-Star Model Thomas M. Humphrey
1989 Lender of Last Resort: The Concept in History Thomas M. Humphrey
1988 Rival Notions of Money Thomas M. Humphrey
1988 The Trade Theorist's Sacred Diagram: Its Origin and Early Development Thomas M. Humphrey
1987 Classical and Neoclassical Roots of The Theory of Optimum Tariffs Thomas M. Humphrey
1987 The Theory of Multiple Expansion of Deposits: Why it is and Whence it Came Thomas M. Humphrey
1986 Cumulative Process Models from Thornton to Wicksell Thomas M. Humphrey
1985 The Early History of the Phillips Curve Thomas M. Humphrey
1985 The Evolution and Policy Implications of Phillips Curve Analysis Thomas M. Humphrey
1984 Algebraic Quantity Equations before Fisher and Pigou Thomas M. Humphrey
1984 On Nonneutral Relative Price Effects in Monetarist Thought: Some Austrian Misconceptions Thomas M. Humphrey
1983 Can the Central Bank Peg Real Interest Rates? A Survey of Classical and Neoclassical Opinion Thomas M. Humphrey
1983 The Early History of the Real/Nominal Interest Rate Relationship Thomas M. Humphrey
1982 Of Hume, Thornton, the Quantity Theory, and the Phillips Curve Thomas M. Humphrey
1982 The Real Bills Doctrine Thomas M. Humphrey
1981 Adam Smith and the Monetary Approach to the Balance of Payments Thomas M. Humphrey
1981 Keynes on Inflation Thomas M. Humphrey
1981 Explaining Exchange Rate Behavior: An Augmented Version of the Monetary Approach Thomas M. Humphrey
1980 Eliminating Runaway Inflation: Lessons from the German Hyperinflation Thomas M. Humphrey
1980 Dennis H. Robertson and the Monetary Approach to Exchange Rates Thomas M. Humphrey
1980 Bullionists' Exchange Rate Doctrines and Current Policy Debates Thomas M. Humphrey
1979 The Persistence of Inflation Thomas M. Humphrey
1979 The Purchasing Power Parity Doctrine Thomas M. Humphrey
1979 The Interest Cost-Push Controversy Thomas M. Humphrey
1978 The Monetary Approach to Exchange Rates: Its Historical Evolution and Role in Policy Debates Thomas M. Humphrey
1978 Some Recent Developments in Phillips Curve Analysis Thomas M. Humphrey
1977 Two Views of Monetary Policy: The Attwood-Mill Debate Revisited Thomas M. Humphrey
1977 On Cost-Push Theories of Inflation in the Pre-War Monetary Literature Thomas M. Humphrey
1977 Factors Determining Exchange Rates: A Simple Model and Empirical Tests Thomas M. Humphrey
Thomas A. Lawler
1977 A Monetarist Model of Exchange Rate Determination Thomas M. Humphrey
1976 A Monetarist Model of World Inflation and the Balance of Payments Thomas M. Humphrey
1976 Some Current Controversies in the Theory of Inflation Thomas M. Humphrey
1975 A Monetarist Model of the Inflationary Process Thomas M. Humphrey
1975 The Classical Concept of the Lender of Last Resort Thomas M. Humphrey