Our Team

Yash P. Mehra

Yash Mehra was a senior economist and policy advisor in the Research Department at the Federal Reserve Bank of Richmond from 1983 to 2010.

Working Papers

August 2004, No. 04-6

The Output Gap, Expected Future Inflation and Inflation Dynamics: Another Look

Yash P. Mehra

August 2002, No. 02-3

The Taylor Principle, Interest Rate Smoothing and Fed Policy in the 1970s and 1980s

Yash P. Mehra

August 2001, No. 01-5

The Taylor Principle, Interest Rate Smoothing and Fed Policy in the 1970s and 1980s

Yash P. Mehra

March 1997, No. 97-3

The Bond Rate and Actual Future Inflation

Yash P. Mehra

May 1995, No. 95-3

A Federal Funds Rate Equation

Yash P. Mehra

July 1992, No. 92-2

Deficits and Long-Term Interest Rates: An Empirical Note

Yash P. Mehra

April 1989, No. 89-2

Cointegration and a Test of the Quantity Theory of Money

Yash P. Mehra

April 1989, No. 89-1

Wage Growth and the Inflation Process: An Empirical Note

Yash P. Mehra

August 1987, No. 87-2

Velocity and the Variability of Money Growth: Evidence from Granger-Causality Tests Reevaluated

Yash P. Mehra

November 1985, No. 85-3

The Recent Financial Deregulation and the Interest Elasticity of the Simple M1 Demand Function: An Empirical Note

Yash P. Mehra
Bank Publications

Economic Quarterly, Second Quarter 2010

Inflation Measure, Taylor Rules, and the Greenspan-Bernanke Years

Yash P. Mehra and Bansi Sawhney

Economic Quarterly, Summer 2009

Short-Term Headline-Core Inflation Dynamics

Yash P. Mehra and Devin Reilly

Economic Quarterly, Spring 2008

On the Sources of Movements in Inflation Expectations: A Few Insights from a VAR Model

Yash P. Mehra and Christopher Herrington

Economic Brief, October 2008, No. 08-01

Inflation Expectations: Their Sources and Effects

Yash P. Mehra and Devin Reilly

Economic Quarterly, Summer 2007

A Taylor Rule and the Greenspan Era

Yash P. Mehra and Brian D. Minton

Economic Quarterly, Summer 2006

Inflation Uncertainty and the Recent Low Level of the Long Bond Rate

Yash P. Mehra

Economic Quarterly, Summer 2005

Oil Prices and Consumer Spending

Yash P. Mehra and Jon D. Petersen

Economic Quarterly, Summer 2004

Predicting the Recent Behavior of Inflation Using Output Gap-Based Phillips Curves

Yash P. Mehra

Economic Quarterly, Fall 2003

Why Does Consumer Sentiment Predict Household Spending?

Yash P. Mehra and Elliot W. Martin

Economic Quarterly, Summer 2002

Survey Measures of Expected Inflation: Revisiting the Issues of Predictive Content and Rationality

Yash P. Mehra

Economic Quarterly, Spring 2001

The Wealth Effect in Empirical Life-Cycle Aggregate Consumption Equations

Yash P. Mehra

Economic Quarterly, Summer 2000

Wage-Price Dynamics: Are They Consistent with Cost Push?

Yash P. Mehra

Economic Quarterly, Spring 1999

A Forward-Looking Monetary Policy Reaction Function

Yash P. Mehra

Economic Quarterly, Spring 1998

The Bond Rate and Actual Future Inflation

Yash P. Mehra

Economic Quarterly, Summer 1997

A Review of the Recent Behavior of M2 Demand

Yash P. Mehra

Economic Quarterly, Summer 1996

Monetary Policy and Long-Term Interest Rates

Yash P. Mehra

Economic Quarterly, Summer 1995

Some Key Empirical Determinants of Short-Term Nominal Interest Rates

Yash P. Mehra

Economic Quarterly, Fall 1994

An Error-Correction Model of the Long-Term Bond Rate

Yash P. Mehra

Economic Quarterly, Fall 1993

Unit Labor Costs and the Price Level

Yash P. Mehra

Economic Review, Sep/Oct, 1992

Has M2 Demand Become Unstable?

Yash P. Mehra

Economic Review, May/Jun, 1992

In Search of a Stable, Short-Run M1 Demand Function

Yash P. Mehra

Economic Review, May/Jun, 1991

An Error-Correction Model of U.S. M2 Demand

Yash P. Mehra

Economic Review, Jul/Aug, 1990

Real Output and Unit Labor Costs as Predictors of Inflation

Yash P. Mehra

Economic Review, Sep/Oct, 1989

Some Further Results on the Source of Shift in M1 Demand in the 1980s

Yash P. Mehra

Economic Review, Sep/Oct, 1988

The Forecast Performance of Alternative Models of Inflation

Yash P. Mehra

Economic Review, Nov/Dec, 1987

Money Growth Volatility and High Nominal Interest Rates

Yash P. Mehra

Economic Review, Jul/Aug, 1986

Recent Financial Deregulation and the Interest Elasticity of M1 Demand

Yash P. Mehra

Economic Review, Mar/Apr, 1985

Inflationary Expectations, Money Growth, and the Vanishing Liquidity Effect of Money on Interest: A Further Investigation

Yash P. Mehra

Economic Review, Jul/Aug, 1984

The Tax Effect, and the Recent Behaviors of the After-Tax Real Rate: Is It Too High?

Yash P. Mehra

Research Department