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Creator: Kareken, John H. and Wallace, Neil Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 016 Abstract: No abstract available.
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Creator: Sargent, Thomas J. Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 027 Abstract: A dynamic linear demand schedule for labor is estimated and tested. The hypothesis of rational expectations and assumptions about the orders of the Markov processes governing technology impose over-identifying restrictions on a vector autoregression for straight-time employment, overtime employment, and the real wage. The model is estimated by the full information maximum likelihood method. The model is used as a vehicle for re-examining some of the paradoxical cyclical behavior of real wages described in the famous Dunlop-Tarshis-Keynes exchange.
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Creator: Dahl, David S. Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 007 Abstract: No abstract available.
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Creator: Supel, Thomas M. Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 012 Abstract: No abstract available.
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Creator: Bryant, John B. and Wallace, Neil Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 034 Abstract: In “The Inefficiency of Interest-Bearing National Debt,” (JPE, April 1979) we argued that private sector transaction costs are needed in order to explain interest on government debt. It follows that if the government’s transaction costs do not depend on its portfolio, then, barring special circumstances, an open-market purchase is deflationary and welfare improving. In this paper we show that this result can survive a potentially relevant special circumstance: reserve requirements which limit the size of insured intermediaries.
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Creator: Bryant, John B. and Wallace, Neil Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 028 Abstract: No abstract available.
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Creator: Bryant, John B. Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 038 Abstract: No abstract available.
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Creator: Wallace, Neil Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 023 Abstract: No abstract available.
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Creator: Supel, Thomas M. Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 006 Abstract: No abstract available.
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Creator: Sargent, Thomas J. Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 025 Abstract: No abstract available.