Institution
Federal Reserve Bank of Dallas
Other•Dallas, Texas, United States•
About: Federal Reserve Bank of Dallas is a other organization based out in Dallas, Texas, United States. It is known for research contribution in the topics: Monetary policy & Inflation. The organization has 196 authors who have published 994 publications receiving 35508 citations.
Papers published on a yearly basis
Papers
More filters
TL;DR: This paper modeled the demand for a broad monetary aggregate from the Great Depression through the Great Recession and found a useful money demand relationship suggests that skepticism regarding the indicator role of a broad, liquid money aggregate as a policy guide may be exaggerated.
42 citations
TL;DR: The authors showed that capital utilization and labor hoarding can account for a large fraction of the total factor productivity (TFP) fall in Mexico during the 1994-95 crisis, and showed that the model predicts that inputs and output should have fallen much more than they did.
Abstract: Total factor productivity (TFP) falls markedly during financial crises, as we document with recent evidence from Mexico and Asia. These falls are unusual in magnitude and present a difficult challenge for the standard small open economy neoclassical model. We show in the case of Mexico's 1994-95 crisis that the model predicts that inputs and output should have fallen much more than they did. Using models with endogenous factor utilization, we find that capital utilization and labor hoarding can account for a large fraction of the TFP fall during the crisis. However, these models also predict that output should fall significantly more than in the data. Given the behavior of TFP, the biggest challenge may not be explaining why output falls so much following financial crises, but rather why it falls so little.
42 citations
TL;DR: The monthly market value statistics on outstanding United States Treasury debt are reported for the 1981-1984 period as mentioned in this paper, along with monthly security-price indices for various Federal debt aggregates, indicating that the riskiness of T-bills has increased dramatically in recent years.
41 citations
TL;DR: This paper showed that a simple Taylor rule is more robust to uncertainty about the trend growth rate than suggested by some analyses of the increase in U.S. inflation during the 1970s, because the policy mistake made when measuring the change in trend growth gets offset by the accompanying mistake in measuring the real interest rate.
41 citations
41 citations
Authors
Showing all 202 results
| Name | H-index | Papers | Citations |
|---|---|---|---|
| Lutz Kilian | 81 | 251 | 39552 |
| Peter Egger | 72 | 457 | 17654 |
| Francis E. Warnock | 41 | 125 | 8657 |
| Rebel A. Cole | 41 | 149 | 9092 |
| Finn E. Kydland | 38 | 123 | 21288 |
| Daniel L. Millimet | 38 | 159 | 5196 |
| Joseph Tracy | 35 | 90 | 4286 |
| Marc P. Giannoni | 33 | 85 | 5131 |
| Ping Wang | 33 | 241 | 4263 |
| W. Scott Frame | 32 | 85 | 4616 |
| Kei-Mu Yi | 30 | 81 | 7481 |
| John V. Duca | 29 | 145 | 3535 |
| Stephen P. A. Brown | 28 | 118 | 3455 |
| Kathy J. Hayes | 27 | 85 | 3075 |
| Alexander Chudik | 26 | 103 | 3907 |