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1975
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Creator: Sargent, Thomas J. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 022 Abstract: A statistical definition of the natural unemployment rate hypothesis is advanced and tested. A particular illustrative structural macroeconomic model satisfying the definition is set forth and estimated. The model has "classical" policy implications, implying a number of neutrality propositions asserting the invariance of the conditional means of real variables with respect to the feedback rule for the money supply. The aim is to test how emphatically the data reject a model incorporating rather severe "classical" hypotheses.
Keyword: Postwar United States, Rational expectations theory, Montarist model, Post-1945, and Natural unemployment rate Subject (JEL): E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity and E17 - General Aggregative Models: Forecasting and Simulation: Models and Applications -
Series: Ninth District quarterly (Federal Reserve Bank of Minneapolis. Research Department) Number: vol.2 no.2 Description: Includes title: "Minnesota's Usury Law: An Evaluation" by Arthur J. Rolnick, Stanley L. Graham and David S. Dahl
Subject (JEL): N52 - Economic History: Agriculture, Natural Resources, Environment, and Extractive Industries: U.S.; Canada: 1913-, R10 - General Regional Economics (includes Regional Data), Y10 - Data: Tables and Charts, and N22 - Economic History: Financial Markets and Institutions: U.S.; Canada: 1913- -
Creator: Jessup, Paul F. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 033 Keyword: Two-tier structure, Minnesota, and Banks and banking Subject (JEL): G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages -
Creator: Auerbach, Kay J. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 047 Keyword: International banking and Bank regulation Subject (JEL): G28 - Financial Institutions and Services: Government Policy and Regulation and F00 - International Economics: General -
Creator: Rosine, John Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 042 Keyword: Seasonal economies, Banks and banking, Federal Reserve System, and Liquidity Subject (JEL): G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages and E58 - Central Banks and Their Policies -
Creator: Jessup, Paul F. and Stolz, Richard W. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 040 Keyword: Legislative and regulatory policy, Technology, Banks, Financial services, and Minnesota Subject (JEL): G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages -
Creator: Sargent, Thomas J. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 021 Keyword: Lag operations and Difference equations Subject (JEL): C02 - Mathematical Methods
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