Publications

by members of

Economics Department
Southern Illinois University
Edwardsville, Illinois (United States)

Working papers

2005

1. Evzen Kocenda & Ali M. Kutan & M. Taner Yigit, 2005. "Pilgrims to Eurozone: How Far, How Fast," Departmental Working Papers 0501, Bilkent University, Department of Economics. [Downloadable!]

2004

1. Bernd Hayo & Ali Kutan, 2004. "The Impact of News, Oil Prices, and Global Market Developments on Russian Financial Markets," Finance 0403002, EconWPA. [Downloadable!]
2. Bernd Hayo & Ali M. Kutan, 2004. "The Impact of News, Oil Prices, and Global Market Developments on Russian Financial Markets," William Davidson Institute Working Papers Series 2004-656, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
3. Ali M. Kutan & Brasukra G. Sudjana, 2004. "Worsening of the Asian Financial Crisis: Who is to Blame?," William Davidson Institute Working Papers Series 2004-658, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
4. Garett Jones & Ali Kutan, 2004. "Volatile Interest Rates, Volatile Crime Rates: A new argument for interest-rate smoothing," William Davidson Institute Working Papers Series 2004-694, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
5. Ay?e Y. Evrensel & Ali M. Kutan, 2004. "Testing Creditor Moral Hazard in Sovereign Bond Markets: A Unified Theoretical Approach and Empirical Evidence," William Davidson Institute Working Papers Series 2004-665, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
6. M. Taner Yigit & Ali M. Kutan, 2004. "European Integration, Productivity Growth and Real Convergence," Departmental Working Papers 0402, Bilkent University, Department of Economics. [Downloadable!]
7. Ali M. Kutan & Ayse Y. Evrensel, 2004. "Creditor Moral Hazard in Equity Markets: A Theoretical Framework and Evidence from Indonesia and Korea," William Davidson Institute Working Papers Series 2004-659, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
8. M. Taner Yigit & Ali M. Kutan, 2004. "Convergence of Candidate Countries to the European Union," Departmental Working Papers 0403, Bilkent University, Department of Economics. [Downloadable!]

2003

1. Joe Haslag & R.W. Hafer & Garett Jones, 2003. "The Effect of Monetary Policy on Economic Output," Working Papers 0311, Department of Economics, University of Missouri. [Downloadable!]

2002

1. Josef C. Brada & Ali M. Kutan, 2002. "Balkan and Mediterranean Candidates for European Union Membership: The Convergence of their Monetary Policy with that of the European Central Bank," William Davidson Institute Working Papers Series 456, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
2. Josef C. Brada & Ali M. Kutan & Su Zhou, 2002. "Real and Monetary Convergence within the European Union and Between the European Union and Candidate Countries: A Rolling Cointegration Approach," William Davidson Institute Working Papers Series 458, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
3. Bernd Hayo & Ali Kutan, 2002. "The Impact of News, Oil Prices, and International Spillovers on Russian Financial Markets," Finance 0209001, EconWPA. [Downloadable!]
4. Josef C. Brada & Ali M. Kutan, 2002. "The End of Moderate Inflation in Three Transition Economies?," William Davidson Institute Working Papers Series 433, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
5. Kutan, Ali M. & Pautola-Mol, Niina, 2002. "Integration of the Baltic States into the EU and Institutions of Fiscal Convergence," BOFIT Discussion Papers 1/2002, Bank of Finland, Institute for Economies in Transition. [Downloadable!]

2001

1. Bernd Hayo & Ali Kutan, 2001. "Investor Panic, IMF Actions, and Emerging Stock Market Returns and Volatility," International Finance 0112001, EconWPA. [Downloadable!]
2. Gerald P. Dwyer, Jr. & R.W. Hafer, 2001. "Bank failures in banking panics: Risky banks or road kill?," Working Paper 2001-13, Federal Reserve Bank of Atlanta. [Downloadable!]

1999

1. Josef Brada & Ali Kutan, 1999. "The End of Moderate Inflation in Three Transition Economies?," William Davidson Institute Working Papers Series 230, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]

1998

1. Ali M. Kutan & Josef C. Brada, 1998. "The persistence of moderate inflation in the Czech Republic and the Koruna crisis of May 1997," Working Papers 1998-021, Federal Reserve Bank of St. Louis. [Downloadable!]
2. Ali M. Kutan & Selahattin Dibooglu, 1998. "Sources of real and nominal exchange rate fluctuations in transition economies," Working Papers 1998-022, Federal Reserve Bank of St. Louis. [Downloadable!]

1994

1. R.W. Hafer & Joseph H. Haslag & Scott E. Hein, 1994. "Monetary base rules: the currency caveat," Working Papers 94-11, Federal Reserve Bank of Dallas.

1991

1. R.W. Hafer & Joseph H. Haslag & Scott E. Hein, 1991. "Evaluating monetary base targeting rules," Research Paper 9104, Federal Reserve Bank of Dallas.

1990

1. Hafer, R.W. & Jansen, D.W., 1990. "The Demand For Money In The United States: Evidence From Cointegration Tests," Papers 9010, Erasmus University of Rotterdam - Institute for Economic Research.

1989

1. Gerald P. Dwyer, Jr. & R.W. Hafer, 1989. "Do fundamentals, bubbles or neither determine stock prices? Some international evidence," Working Papers 1989-003, Federal Reserve Bank of St. Louis. [Downloadable!]

1988

1. R.W. Hafer & Scott E. Hein, 1988. "Forecasting inflation using interest rate and time-series models: some international evidence," Working Papers 1988-001, Federal Reserve Bank of St. Louis. [Downloadable!]
2. Clemens J.M. Kool & R.W. Hafer, 1988. "Stock prices, inflation and real activity: a test of the Fama hypothesis, 1920-84," Working Papers 1986-001, Federal Reserve Bank of St. Louis. [Downloadable!]

1987

1. R.W. Hafer & Richard G. Sheehan, 1987. "Policy inference using VAR models: the effects of alternative lag structures," Working Papers 1986-009, Federal Reserve Bank of St. Louis. [Downloadable!]
2. R.W. Hafer & Richard G. Sheehan, 1987. "On the sensitivity of VAR forecasts to alternative lag structures," Working Papers 1987-004, Federal Reserve Bank of St. Louis. [Downloadable!]
3. Richard G. Sheehan & R.W. Hafer, 1987. "On the response of interest rates to unexpected weekly money: are policy changes important?," Working Papers 1987-005, Federal Reserve Bank of St. Louis. [Downloadable!]

1986

1. R.W. Hafer & Scott E. Hein, 1986. "Federal government debt and inflation: evidence from Granger causality tests," Working Papers 1986-003, Federal Reserve Bank of St. Louis. [Downloadable!]
2. Michael T. Belongia & R.W. Hafer & Richard G. Sheehan, 1986. "A note on the temporal stability of the interest rate-weekly money relationship," Working Papers 1986-002, Federal Reserve Bank of St. Louis. [Downloadable!]

1985

1. R. W. Hafer, 1985. "Inflation uncertainty and a test of the Friedman hypothesis," Working Papers 1985-006, Federal Reserve Bank of St. Louis. [Downloadable!]
2. R. W. Hafer, 1985. "Further evidence on stock price response to changes in weekly money and the discount rate," Working Papers 1985-015, Federal Reserve Bank of St. Louis. [Downloadable!]
3. R. W. Hafer, 1985. "Investigating weekly survey forecasts of the federal funds rate," Working Papers 1985-009, Federal Reserve Bank of St. Louis. [Downloadable!]
4. R. W. Hafer & Scott E. Hein & Clemens J.M. Kool, 1985. "Comparing Multi-State Kalman Filter and ARIMA forecasts: an application to the money multiplier," Working Papers 1985-001, Federal Reserve Bank of St. Louis. [Downloadable!]
5. R. W. Hafer, 1985. "A look at the ASA-NBER inflation forecasts: tests of rationality and formation," Working Papers 1985-003, Federal Reserve Bank of St. Louis. [Downloadable!]
6. R. W. Hafer, 1985. "Forecasting economic activity: comparing the accuracy of survey and time series predictions," Working Papers 1985-012, Federal Reserve Bank of St. Louis. [Downloadable!]

1984

1. Dallas S. Batten & R. W. Hafer, 1984. "Currency substitution and the link between money and GNP in the U.S.: 1972-83," Working Papers 1984-024, Federal Reserve Bank of St. Louis. [Downloadable!]
2. Dallas S. Batten & R. W. Hafer, 1984. "The impact of international factors on U. S. inflation: an empirical test of the currency substitution hypothesis," Working Papers 1984-025, Federal Reserve Bank of St. Louis. [Downloadable!]
3. Michael T. Belongia & R. W. Hafer, 1984. "The independence of farm output and macro variables: some evidence from the business cycle," Working Papers 1984-023, Federal Reserve Bank of St. Louis. [Downloadable!]
4. Gail Heyne Hafer & R. W. Hafer, 1984. "The effectiveness of combining forecasts: evidence using macroeconomic variables," Working Papers 1984-027, Federal Reserve Bank of St. Louis. [Downloadable!]
5. R. W. Hafer, 1984. "Choosing between M1 and debt as an intermediate target for monetary policy," Working Papers 1984-005, Federal Reserve Bank of St. Louis. [Downloadable!]
6. R. W. Hafer & Scott E. Hein, 1984. "On the accuracy of time series, interest rate and survey forecasts of inflation," Working Papers 1984-022, Federal Reserve Bank of St. Louis. [Downloadable!]
7. Lawrence S. Davidson & R. W. Hafer, 1984. "Relative price variability: evidence from supply and demand events," Working Papers 1984-021, Federal Reserve Bank of St. Louis. [Downloadable!]
8. R. W. Hafer & Daniel L. Thornton, 1984. "Price expectations and the demand for money: a comment," Working Papers 1984-007, Federal Reserve Bank of St. Louis. [Downloadable!]

1983

1. R. W. Hafer & Scott E. Hein, 1983. "Money management effects and the demand for money: an empirical analysis," Working Papers 1983-002, Federal Reserve Bank of St. Louis. [Downloadable!]
2. R. W. Hafer, 1983. "Comparing time-series and survey forecasts of weekly changes in money: a methodological note," Working Papers 1983-013, Federal Reserve Bank of St. Louis. [Downloadable!]
3. R. W. Hafer, 1983. "The formation of expectations: some evidence from weekly money supply forecasts," Working Papers 1983-005, Federal Reserve Bank of St. Louis. [Downloadable!]
4. Stuart D. Allen & R. W. Hafer, 1983. "The term structure of interest rates in a short-run money demand function: non-nested test results," Working Papers 1983-014, Federal Reserve Bank of St. Louis. [Downloadable!]
5. Lawrence S. Davidson & R. W. Hafer, 1983. "Some evidence on selecting an intermediate target of monetary policy," Working Papers 1982-010, Federal Reserve Bank of St. Louis. [Downloadable!]
6. R. W. Hafer, 1983. "The stability of the short-run money demand function, 1920-1939," Working Papers 1982-009, Federal Reserve Bank of St. Louis. [Downloadable!]
7. R. W. Hafer & Scott E. Hein, 1983. "Predicting the money multiplier: forecasts from component and aggregate models," Working Papers 1983-012, Federal Reserve Bank of St. Louis. [Downloadable!]
8. Michael T. Belongia & R. W. Hafer, 1983. "The FOMC directive and the Treasury-bill futures market: could inside information produce profits?," Working Papers 1983-007, Federal Reserve Bank of St. Louis. [Downloadable!]

1982

1. R. W. Hafer, 1982. "The monetary base or M1? results from a small macromodel," Working Papers 1982-004, Federal Reserve Bank of St. Louis. [Downloadable!]
2. Lawrence S. Davidson & R. W. Hafer & Scott E. Hein, 1982. "Econometric limitations of Fama's interest rate and inflationary expectations framework," Working Papers 1982-001, Federal Reserve Bank of St. Louis. [Downloadable!]
3. Jean-Marie Dufour & Marc J. I. Gaudry & R. W. Hafer, 1982. "A warning on the use of the Cochrane-Orcutt procedure based on a money demand equation for the United States," Working Papers 1982-003, Federal Reserve Bank of St. Louis. [Downloadable!]
4. R. W. Hafer & Scott E. Hein, 1982. "Financial innovations and the interest elasticity of money demand: some historical evidence," Working Papers 1982-011, Federal Reserve Bank of St. Louis. [Downloadable!]
5. Lawrence S. Davidson & R. W. Hafer, 1982. "Relative price variability: evidence from supply and demand events," Working Papers 1982-008, Federal Reserve Bank of St. Louis. [Downloadable!]

1981

1. Dufour, J.M. & Gaudry, M.J.I. & Hafer, R.W., 1981. "A Warning on the Use of the Cochrane-Orcutt Procedure Based on a Real Example Containing a Lagged Endogenous Variable," Cahiers de recherche 8109, Universite de Montreal, Departement de sciences economiques.
2. R. W. Hafer, 1981. "The demand for transactions deposits: was there a shift in the relationship?," Working Papers 1981-013, Federal Reserve Bank of St. Louis. [Downloadable!]
3. R. W. Hafer & Scott E. Hein, 1981. "Investigating the shift in money demand: an econometric analysis," Working Papers 1981-006, Federal Reserve Bank of St. Louis. [Downloadable!]
4. R. W. Hafer & Scott E. Hein, 1981. "Further evidence on the stability of the short-run demand for money," Working Papers 1981-001, Federal Reserve Bank of St. Louis. [Downloadable!]
5. Stuart D. Allen & R. W. Hafer, 1981. "Money demand and the term structure of interest rates: some consistent estimates," Working Papers 1981-005, Federal Reserve Bank of St. Louis. [Downloadable!]
6. R. W. Hafer & David H. Resler, 1981. "On the rationality of inflation forecasts: a new look at the Livingston data," Working Papers 1981-002, Federal Reserve Bank of St. Louis. [Downloadable!]
7. R. W. Hafer, 1981. "Further evidence on choosing an operating target for monetary policy," Working Papers 1981-011, Federal Reserve Bank of St. Louis. [Downloadable!]

Journal articles

2007

1. Ali M. Kutan, 2007. "Contagion or Real Linkages? Some Evidence from China's Emerging Parallel Markets," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 15(4), pages 52-65. [Downloadable!] (restricted)
2. Mohsen Bahmani-Oskooee & Ali Kutan & Su Zhou, 2007. "A Century of Purchasing Power Parity: Further Evidence," Economics Bulletin, Economics Bulletin, vol. 6(31), pages 1-9. [Downloadable!]
3. Evrensel, Ayse Y. & Kutan, Ali M., 2007. "IMF-related announcements and stock market returns: Evidence from financial and non-financial sectors in Indonesia, Korea, and Thailand," Pacific-Basin Finance Journal, Elsevier, vol. 15(1), pages 80-104, January. [Downloadable!] (restricted)
4. Kutan, Ali M. & Yigit, Taner M., 2007. "European integration, productivity growth and real convergence," European Economic Review, Elsevier, vol. 51(6), pages 1370-1395, August. [Downloadable!] (restricted)
5. Bahmani-Oskooee, Mohsen & Kutan, Ali M. & Zhou, Su, 2007. "Testing PPP in the non-linear STAR framework," Economics Letters, Elsevier, vol. 94(1), pages 104-110, January. [Downloadable!] (restricted)

2006

1. Josef C. Brada & Ali M. Kutan & Taner M. Yigit, 2006. "The effects of transition and political instability on foreign direct investment inflows," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 14(4), pages 649-680, October. [Downloadable!] (restricted)
2. Ali M. Kutan, 2006. "Editor's Introduction," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 42(1), pages 3-4, February. [Downloadable!] (restricted)
3. Kocenda, Evzen & Kutan, Ali M. & Yigit, Taner M., 2006. "Pilgrims to the Eurozone: How far, how fast?," Economic Systems, Elsevier, vol. 30(4), pages 311-327, December. [Downloadable!] (restricted)
4. Kutan, Ali M. & Orlowski, Lucjan T., 2006. "Monetary convergence to the Euro," Economic Systems, Elsevier, vol. 30(4), pages 307-310, December. [Downloadable!] (restricted)
5. Demirer, RIza & Kutan, Ali M., 2006. "Does herding behavior exist in Chinese stock markets?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 16(2), pages 123-142, April. [Downloadable!] (restricted)
6. Kutan, Ali M. & Zhou, Haigang, 2006. "Determinants of returns and volatility of Chinese ADRs at NYSE," Journal of Multinational Financial Management, Elsevier, vol. 16(1), pages 1-15, February. [Downloadable!] (restricted)
7. Evrensel, Ayse Y. & Kutan, Ali M., 2006. "Creditor moral hazard in stock markets: Empirical evidence from Indonesia and Korea," Journal of International Money and Finance, Elsevier, vol. 25(4), pages 640-654, June. [Downloadable!] (restricted)

2005

1. Burcu Eke & Ali M Kutan, 2005. "IMF-Supported Programmes in Transition Economies: Are They Effective?," Comparative Economic Studies, Palgrave Macmillan Journals, vol. 47(1), pages 23-40, March. [Downloadable!] (restricted)
2. Ali M Kutan, 2005. "Introduction to Special Issue: Symposium Part II," Comparative Economic Studies, Palgrave Macmillan Journals, vol. 47(1), pages 1-3, March. [Downloadable!] (restricted)
3. Bernd Hayo & Ali M. Kutan, 2005. "The impact of news, oil prices, and global market developments on Russian financial markets," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 13(2), pages 373-393, 04. [Downloadable!] (restricted)
4. Konstantinos Drakos & Ali M. Kutan, 2005. "Why Do Financial Markets Move Together?: An Investigation of Greek and Turkish Markets," Eastern European Economics, M.E. Sharpe, Inc., vol. 43(4), pages 5-26, August. [Downloadable!] (restricted)
5. Ali M. Kutan, 2005. "Editor's Introduction," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 41(3), pages 3-4, May. [Downloadable!] (restricted)
6. Ali M. Kutan, 2005. "Editor's Introduction," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 41(4), pages 3-4, August. [Downloadable!] (restricted)
7. Hayo, Bernd & Kutan, Ali M., 2005. "IMF-related news and emerging financial markets," Journal of International Money and Finance, Elsevier, vol. 24(7), pages 1126-1142, November. [Downloadable!] (restricted)
8. Ali M. Kutan, 2005. "Editor's Introduction," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 41(2), pages 3-4, March. [Downloadable!] (restricted)
9. Brada, Josef C. & Kutan, Ali M. & Zhou, Su, 2005. "Real and monetary convergence between the European Union's core and recent member countries: A rolling cointegration approach," Journal of Banking & Finance, Elsevier, vol. 29(1), pages 249-270, January. [Downloadable!] (restricted)
10. Dibooglu, Sel & Kutan, Ali M., 2005. "Sources of inflation and output movements in Poland and Hungary: Policy implications for accession to the economic and monetary union," Journal of Macroeconomics, Elsevier, vol. 27(1), pages 107-131, March. [Downloadable!] (restricted)
11. Kutan, Ali M. & Yigit, Taner M., 2005. "Real and nominal stochastic convergence: Are the new EU members ready to join the Euro zone?," Journal of Comparative Economics, Elsevier, vol. 33(2), pages 387-400, June. [Downloadable!] (restricted)
12. Zhou, Su & Kutan, Ali M., 2005. "Does the forward premium anomaly depend on the sample period used or on the sign of the premium?," International Review of Economics & Finance, Elsevier, vol. 14(1), pages 17-25. [Downloadable!] (restricted)
13. Wang, Zijun & Kutan, Ali M. & Yang, Jian, 2005. "Information flows within and across sectors in Chinese stock markets," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(4-5), pages 767-780, September. [Downloadable!] (restricted)
14. Evrensel, Ayse Y. & Kutan, Ali M., 2005. "Editorial introduction: Is the World Bank lending effective in developing countries?," Economic Systems, Elsevier, vol. 29(4), pages 363-365, December. [Downloadable!] (restricted)
15. Kutan, Ali M. & Wyzan, Michael L., 2005. "Explaining the real exchange rate in Kazakhstan, 1996-2003: Is Kazakhstan vulnerable to the Dutch disease?," Economic Systems, Elsevier, vol. 29(2), pages 242-255, June. [Downloadable!] (restricted)
16. Egert, Balazs & Kutan, Ali M., 2005. "Exchange-rate economics in transition countries," Economic Systems, Elsevier, vol. 29(2), pages 123-129, June. [Downloadable!] (restricted)

2004

1. Ali M Kutan, 2004. "IMF Conditionality and Programme Ownership in Developing and Emerging Economies – Implementation and Research Agenda: An Introduction to Special Issue: Symposium Part I," Comparative Economic Studies, Palgrave Macmillan Journals, vol. 46(3), pages 371-372, September. [Downloadable!] (restricted)
2. Ali M Kutan & István P Székely, 2004. "Introduction to the symposium," Comparative Economic Studies, Palgrave Macmillan Journals, vol. 46(1), pages 1-3, March. [Downloadable!] (restricted)
3. Garett Jones & Ali M Kutan, 2004. "Exchange Rate Management Strategies in the Accession Countries: The Case of Hungary," Comparative Economic Studies, Palgrave Macmillan Journals, vol. 46(1), pages 23-44, March. [Downloadable!] (restricted)
4. Ali M. Kutan, 2004. "Editor's Introduction," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 40(2), pages 3-4, March. [Downloadable!] (restricted)
5. Ali M. Kutan, 2004. "Editor's Introduction," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 40(4), pages 3-4, July. [Downloadable!] (restricted)
6. Kutan, Ali M. & Yigit, Taner M., 2004. "Nominal and real stochastic convergence of transition economies," Journal of Comparative Economics, Elsevier, vol. 32(1), pages 23-36, March. [Downloadable!] (restricted)

2003

1. Ali Kutan & Su Zhou, 2003. "Has the Link Between the Spot and Forward Exchange Rates Broken Down? Evidence from Rolling Cointegration Tests," Open Economies Review, Springer, vol. 14(4), pages 369-379, October. [Downloadable!] (restricted)
2. Ali Kutan & Brasukra Sudjana, 2003. "Investor reaction to IMF actions in the indonesian financial crisis," Journal of Policy Reform, Taylor and Francis Journals, vol. 6(3), pages 181-190, September. [Downloadable!] (restricted)
3. Nicole Davis & Ali M. Kutan, 2003. "Inflation and output as predictors of stock returns and volatility: international evidence," Applied Financial Economics, Taylor and Francis Journals, vol. 13(9), pages 693-700, September. [Downloadable!] (restricted)
4. Ali Kutan & Tansu Aksoy, 2003. "Public Information Arrival and the Fisher Effect in Emerging Markets: Evidence from Stock and Bond Markets in Turkey," Journal of Financial Services Research, Springer, vol. 23(3), pages 225-239, June. [Downloadable!] (restricted)
5. R. W. Hafer & Ali M. Kutan, 2003. "Financial Innovation And The Demand For Money: Evidence From The Philippines," International Economic Journal, Korean International Economic Association, vol. 17(1), pages 17-27, April. [Downloadable!] (restricted)
6. Ali M. Kutan, 2003. "Editor's Introduction," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 39(4), pages 3-4, July. [Downloadable!] (restricted)
7. Ali M. Kutan, 2003. "Editor's Introduction," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 39(5), pages 3-4, September. [Downloadable!] (restricted)
8. Ali M. Kutan, 2003. "Editor's Introduction," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 39(6), pages 3-4, November. [Downloadable!] (restricted)
9. Ali M. Kutan, 2003. "Editor's Introduction," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 39(3), pages 3-4, May. [Downloadable!] (restricted)
10. R.W. Hafer & David C. Wheelock, 2003. "Darryl Francis and the making of monetary policy, 1966-1975," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 1-12. [Downloadable!]

2002

1. Josef Brada, Ali M. Kutan, 2002. "Balkan and Mediterranean Candidates for European Union Membership: The Convergence of Their Monetary Policy with That of the European Central Bank," Eastern European Economics, M.E. Sharpe, Inc., vol. 40(4), pages 31-44, July. [Downloadable!] (restricted)
2. Edmonds, Radcliffe Jr. & Kutan, Ali M., 2002. "Is public information really irrelevant in explaining asset returns?," Economics Letters, Elsevier, vol. 76(2), pages 223-229, July. [Downloadable!] (restricted)

2001

1. Dibooglu, Selahattin & Kutan, Ali M., 2001. "Sources of Real Exchange Rate Fluctuations in Transition Economies: The Case of Poland and Hungary," Journal of Comparative Economics, Elsevier, vol. 29(2), pages 257-275, June. [Downloadable!] (restricted)
2. Brada, Josef C. & Kutan, Ali M., 2001. "The convergence of monetary policy between candidate countries and the European Union," Economic Systems, Elsevier, vol. 25(3), pages 215-231, September. [Downloadable!] (restricted)
3. R. W. Hafer & David C. Wheelock, 2001. "The rise and fall of a policy rule: monetarism at the St. Louis Fed, 1968-1986," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 1-24. [Downloadable!]
4. R.W. Hafer, 2001. "What remains of monetarism?," Economic Review, Federal Reserve Bank of Atlanta, issue Q4, pages 13-33. [Downloadable!]

2000

1. Ali M. Kutan & Josef C. Brada, 2000. "The evolution of monetary policy in transition economies," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 31-40. [Downloadable!]

1999

1. Gerald P. Dwyer, Jr. & R.W. Hafer, 1999. "Are money growth and inflation still related?," Economic Review, Federal Reserve Bank of Atlanta, issue Q2, pages 32-43. [Downloadable!]
2. R. W. Hafer, 1999. "Against the tide: Malcolm Bryan and the introduction of monetary aggregate targets," Economic Review, Federal Reserve Bank of Atlanta, issue Q1, pages 20-37. [Downloadable!]

1998

1. Kutan, Ali M., 1998. "S. Togan and V. N. Balasubramanyam (Eds.), The Economy of Turkey since Liberalization," Journal of Comparative Economics, Elsevier, vol. 26(3), pages 583-586, September. [Downloadable!] (restricted)
2. Gerald P. Dwyer, Jr. & R. W. Hafer, 1998. "The federal government's budget surplus: Cause for celebration?," Economic Review, Federal Reserve Bank of Atlanta, issue Q 3, pages 42-51. [Downloadable!]

1997

1. Hafer, R W & Kutan, A M, 1997. "More Evidence on the Money-Output Relationship," Economic Inquiry, Oxford University Press, vol. 35(1), pages 48-58, January.
2. Hafer, R. W. & Kutan, Ali M. & Su Zhou, 1997. "Linkage in EMS term structures: evidence from common trend and transitory components," Journal of International Money and Finance, Elsevier, vol. 16(4), pages 595-607, August. [Downloadable!] (restricted)

1996

1. Kutan, Ali M & Melvin, Michael, 1996. "Which Single Currency for Western Europe?," Review of International Economics, Blackwell Publishing, vol. 4(2), pages 247-55, June.
2. Kutan, Ali M., 1996. "International economics : By Parviz Asheghian," The North American Journal of Economics and Finance, Elsevier, vol. 7(1), pages 109-110. [Downloadable!] (restricted)
3. Hafer, R. W. & Haslag, Joseph H. & Hein, Scott E., 1996. "Implementing monetary base rules: The currency problem," Journal of Economics and Business, Elsevier, vol. 48(5), pages 461-472, December. [Downloadable!] (restricted)

1995

1. Ali Kutan & Su Zhou, 1995. "Sociopolitical instability, volatility, and the bid-ask spread: Evidence from the free market for dollars in Poland," Open Economies Review, Springer, vol. 6(3), pages 225-236, July. [Downloadable!] (restricted)

1994

1. Hafer, R W & Kutan, A M, 1994. "A Long-Run View of German Dominance and the Degree of Policy Convergence in the EMS," Economic Inquiry, Oxford University Press, vol. 32(4), pages 684-95, October.
2. R.W. Hafer & Joseph H. Haslag & Scott E. Hein, 1994. "Monetary policy and recent business-cycle experience," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q III, pages 14-28. [Downloadable!]

1993

1. Kutan, Ali M & Zhou, Su, 1993. "Political Turmoil and Financial Market Behaviour in Reforming Market-Oriented Economies: The Case of Poland," Applied Economics, Taylor and Francis Journals, vol. 25(6), pages 759-63, June.
2. Hafer R. W. & Kutan A. M., 1993. "Further Evidence on Money, Output, and Prices in China," Journal of Comparative Economics, Elsevier, vol. 17(3), pages 701-709, September. [Downloadable!] (restricted)
3. Brada, Josef C & Kutan, Ali M & Zhou, Su, 1993. " China's Exchange Rate and the Balance of Trade," Economic Change and Restructuring, Springer, vol. 26(3), pages 229-42.

1992

1. Hafer, Gail Heyne & Hafer, R W & Hein, Scott E, 1992. "Evaluating Inflation Forecasts Derived from Interest Rate and Time-Series Models," Applied Financial Economics, Taylor and Francis Journals, vol. 2(4), pages 229-35, December. [Downloadable!] (restricted)
2. Hafer, R W & Hein, Scott E & MacDonald, S Scott, 1992. "Market and Survey Forecasts of the Three-Month Treasury-Bill Rate," Journal of Business, University of Chicago Press, vol. 65(1), pages 123-38, January. [Downloadable!] (restricted)
3. Hafer, R. W., 1992. "Inflation and price instability in China: A comment," China Economic Review, Elsevier, vol. 3(2), pages 213-218. [Downloadable!] (restricted)

1991

1. Al Kutan, 1991. "German dominance in the European Monetary System: Evidence from money supply growth rates," Open Economies Review, Springer, vol. 2(3), pages 285-294, October. [Downloadable!] (restricted)
2. Hafer, R W & Jansen, Dennis W, 1991. "The Demand for Money in the United States: Evidence from Cointegration Tests," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 23(2), pages 155-68, May. [Downloadable!] (restricted)
3. Hafer, R W & Sheehan, Richard G, 1991. "Policy Inference Using VAR Models," Economic Inquiry, Oxford University Press, vol. 29(1), pages 44-52, January.

1990

1. Hafer, R W & Hein, Scott E, 1990. "Forecasting Inflation Using Interest-Rate and Time-Series Models: Some International Evidence," Journal of Business, University of Chicago Press, vol. 63(1), pages 1-17, January. [Downloadable!] (restricted)

1989

1. R.W. Hafer & Scott E. Hein, 1989. "Comparing futures and survey forecasts of near-term Treasury bill rates," Review, Federal Reserve Bank of St. Louis, issue May, pages 33-42. [Downloadable!]
2. R.W. Hafer, 1989. "Does dollar depreciation cause inflation?," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 16-28. [Downloadable!]
3. Gerald P. Dwyer, Jr. & R.W. Hafer, 1989. "Interest rates and economic announcements," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 34-46. [Downloadable!]
4. Hafer, R. W. & Sheehan, Richard G., 1989. "The sensitivity of VAR forecasts to alternative lag structures," International Journal of Forecasting, Elsevier, vol. 5(3), pages 399-408. [Downloadable!] (restricted)

1988

1. Gerald P. Dwyer & R. W. Hafer, 1988. "Do fundamentals, bubbles, or neither explain stock prices? Some international evidence," Proceedings, Federal Reserve Bank of St. Louis, pages 31-79.
2. Gerald P. Dwyer & R.W. Hafer, 1988. "Is money irrelevant?," Review, Federal Reserve Bank of St. Louis, issue May, pages 3-17. [Downloadable!]
3. R.W. Hafer & Joseph H. Haslag, 1988. "The FOMC IN 1987: the effects of a falling dollar and the stock market collapse," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 3-16. [Downloadable!]
4. Gerald P. Dwyer, Jr. & R.W. Hafer, 1988. "Are national stock markets linked?," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 3-14. [Downloadable!]
5. Gerald P. Dwyer, Jr. & R.W. Hafer, 1988. "The stock market--bubbles, volatility and chaos : proceedings of the thirteenth annual Economic Policy Conference, held on October 21-22, 1988," Proceedings, Federal Reserve Bank of St. Louis.
6. Hafer, R W & Hein, Scott E, 1988. "Further Evidence on the Relationship between Federal Government Debt and Inflation," Economic Inquiry, Oxford University Press, vol. 26(2), pages 239-51, April.
7. Belongia, Michael T & Hafer, R W & Sheehan, Richard G, 1988. "On the Temporal Stability of the Interest Rate-Weekly Money Relationship," The Review of Economics and Statistics, MIT Press, vol. 70(3), pages 516-20, August. [Downloadable!] (restricted)

1986

1. R.W. Hafer, 1986. "The FOMC in 1985: reacting to declining M1 velocity," Review, Federal Reserve Bank of St. Louis, issue Feb, pages 5-21. [Downloadable!]
2. R.W. Hafer, 1986. "The response of stock prices to changes in weekly money and the discount rate," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 5-14. [Downloadable!]
3. R.W. Hafer, 1986. "How open is the U.S. economy? : proceedings of the tenth annual Economic Policy Conference held on October 12-13, 1985," Proceedings, Federal Reserve Bank of St. Louis.
4. Hafer, R W & Thornton, Daniel L, 1986. "Price Expectations and the Demand for Money: A Comment," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 539-42, August. [Downloadable!] (restricted)
5. Hafer, R. W., 1986. "Inflation uncertainty and a test of the Friedman hypothesis," Journal of Macroeconomics, Elsevier, vol. 8(3), pages 365-372. [Downloadable!] (restricted)

1985

1. Dallas S. Batten & R. W. Hafer, 1985. "Money, income and currency substitution: evidence from three countries," Review, Federal Reserve Bank of St. Louis, issue May, pages 27-35. [Downloadable!]
2. R. W. Hafer, 1985. "The FOMC in 1983-84: setting policy in an uncertain world," Review, Federal Reserve Bank of St. Louis, issue Apr, pages 15-37. [Downloadable!]
3. R. W. Hafer, 1985. "Monetary stabilization policy: evidence from money demand forecasts," Review, Federal Reserve Bank of St. Louis, issue May, pages 21-26. [Downloadable!]
4. Dufour, Jean-Marie & Gaudry, Marc J I & Hafer, Rick W, 1985. "Corrigendum [A Warning on the Use of the Cochrane-Orcutt Procedure Based on a Money Demand Equation]," Empirical Economics, Springer, vol. 10(4), pages 275.
5. Hafer, R W & Hein, Scott E, 1985. "On the Accuracy of Time-Series, Interest Rate, and Survey Forecasts of Inflation," Journal of Business, University of Chicago Press, vol. 58(4), pages 377-98, October. [Downloadable!] (restricted)
6. Hafer, R W, 1985. "Money Demand Predictability: Comment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(4), pages 642-46, November. [Downloadable!] (restricted)
7. Davidson, Lawrence S. & Hafer, R. W., 1985. "Relative price variability: Evidence from supply and demand events," Journal of Monetary Economics, Elsevier, vol. 15(3), pages 333-341, May. [Downloadable!] (restricted)
8. Hafer, R. W., 1985. "The stability of the short-run money demand function, 1920-1939," Explorations in Economic History, Elsevier, vol. 22(3), pages 271-295, July. [Downloadable!] (restricted)

1984

1. R. W. Hafer, 1984. "Examining the recent behavior of inflation," Review, Federal Reserve Bank of St. Louis, issue Aug, pages 29-39. [Downloadable!]
2. R. W. Hafer, 1984. "The money-GNP link: assessing alternative transaction measures," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 19-27. [Downloadable!]
3. R. W. Hafer, 1984. "Money, debt and economic activity," Review, Federal Reserve Bank of St. Louis, issue Jun, pages 18-25. [Downloadable!]
4. Dallas S. Batten & R. W. Hafer, 1984. "Currency substitution: a test of its importance," Review, Federal Reserve Bank of St. Louis, issue Aug, pages 5-11. [Downloadable!]
5. Hafer, R W, 1984. " Comparing Time-Series and Survey Forecasts of Weekly Changes in Money: A Methodological Note," Journal of Finance, American Finance Association, vol. 39(4), pages 1207-13, September. [Downloadable!] (restricted)
6. Hafer, R W & Hein, Scott E, 1984. "Financial Innovations and the Interest Elasticity of Money Demand: Some Historical Evidence: A Note," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(2), pages 247-52, May. [Downloadable!] (restricted)
7. Allen, Stuart D. & Hafer, R. W., 1984. "Measuring the opportunity cost of holding money : More evidence on the term structure of interest rates," Economics Letters, Elsevier, vol. 16(1-2), pages 105-111. [Downloadable!] (restricted)
8. Hafer, R. W. & Hein, Scott E., 1984. "Predicting the money multiplier : Forecasts from component and aggregate models," Journal of Monetary Economics, Elsevier, vol. 14(3), pages 375-384, November. [Downloadable!] (restricted)
9. Hafer, R. W., 1984. "The monetary base or M1? results from a small macromodel," Journal of Economics and Business, Elsevier, vol. 36(1), pages 85-93, February. [Downloadable!] (restricted)

1983

1. R. W. Hafer & Scott E. Hein, 1983. "The wayward money supply: a post-mortem of 1982," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 17-25. [Downloadable!]
2. Dallas S. Batten & R. W. Hafer, 1983. "The relative impact of monetary and fiscal actions on economic activity: a cross-country comparison," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 5-12. [Downloadable!]
3. R. W. Hafer, 1983. "Monetary policy and the price rule: the newest odd couple," Review, Federal Reserve Bank of St. Louis, issue Feb, pages 5-13. [Downloadable!]
4. R. W. Hafer, 1983. "Weekly money supply forecasts: effects of the October 1979 change in monetary control procedures," Review, Federal Reserve Bank of St. Louis, issue Apr, pages 26-32. [Downloadable!]
5. R. W. Hafer, 1983. "The prime rate and the cost of funds: is the prime too high?," Review, Federal Reserve Bank of St. Louis, issue May, pages 17-21. [Downloadable!]
6. R. W. Hafer & Scott E. Hein & Clemens J.M. Kool, 1983. "Forecasting the money multiplier: implications for money stock control and economic activity," Review, Federal Reserve Bank of St. Louis, issue Oct, pages 22-33. [Downloadable!]
7. R. W. Hafer, 1983. "Inflation: assessing its recent behavior and future prospects," Review, Federal Reserve Bank of St. Louis, issue Aug, pages 36-41. [Downloadable!]
8. Dufour, J-M & Gaudry, M J I & Hafer, R W, 1983. "A Warning on the Use of the Cochrane-Orcutt Procedure Based on a Money Demand Equation," Empirical Economics, Springer, vol. 8(2), pages 111-17.
9. Hafer, R. W., 1983. "The formation of expectations : Some evidence from weekly money supply forecasts," Economics Letters, Elsevier, vol. 13(4), pages 367-372. [Downloadable!] (restricted)
10. Allen, Stuart D. & Hafer, R. W., 1983. "Money demand and the term structure of interest rates : Some consistent estimates," Journal of Monetary Economics, Elsevier, vol. 11(1), pages 129-132. [Downloadable!] (restricted)

1982

1. Dallas S. Batten & R. W. Hafer, 1982. "Short-run monetary growth fluctuations and real economic activity: some implications for monetary targeting," Review, Federal Reserve Bank of St. Louis, issue May, pages 15-20. [Downloadable!]
2. R. W. Hafer & Scott E. Hein, 1982. "Monetary policy and short-term real rates of interest," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 13-19. [Downloadable!]
3. R. W. Hafer & Scott E. Hein, 1982. "The shift in money demand: what really happened?," Review, Federal Reserve Bank of St. Louis, issue Feb, pages 11-16. [Downloadable!]
4. R. W. Hafer, 1982. "The role of fiscal policy in the St. Louis equation," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 17-22. [Downloadable!]
5. Hafer, R W & Hein, Scott E, 1982. "The Stability of the Demand for Money: Evidence from the Post-1973 Period: A Comment," The Review of Economics and Statistics, MIT Press, vol. 64(2), pages 355-57, May. [Downloadable!] (restricted)
6. Hafer, R. W., 1982. "The demand for transactions deposits: Was there a shift in the relationship?," Journal of Macroeconomics, Elsevier, vol. 4(3), pages 363-370. [Downloadable!] (restricted)

1981

1. R. W. Hafer, 1981. "Much ado about M2," Review, Federal Reserve Bank of St. Louis, issue Oct, pages 13-18. [Downloadable!]
2. R. W. Hafer, 1981. "Selecting a monetary indicator: a test of the new monetary aggregates," Review, Federal Reserve Bank of St. Louis, issue Feb, pages 12-18. [Downloadable!]
3. R. W. Hafer, 1981. "The impact of energy prices and money growth on five industrial countries," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 19-26. [Downloadable!]
4. West, E G & Hafer, R W, 1981. "J. S. Mill, Unions, and the Wages Fund Recantation: A Reinterpretation-Reply," The Quarterly Journal of Economics, MIT Press, vol. 96(3), pages 543-49, August. [Downloadable!] (restricted)
5. Hafer, R. W. & Heyne-Hafer, Gail, 1981. "The relationship between inflation and its variability: International evidence from the 1970s," Journal of Macroeconomics, Elsevier, vol. 3(4), pages 571-577. [Downloadable!] (restricted)

1980

1. R. W. Hafer, 1980. "The new monetary aggregates," Review, Federal Reserve Bank of St. Louis, issue Feb, pages 25-32. [Downloadable!]
2. R. W. Hafer & Scott E. Hein, 1980. "The dynamics and estimation of short-run money demand," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 26-35. [Downloadable!]
3. R. W. Hafer & David H. Resler, 1980. "The "rationality" of survey-based inflation forecasts," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 3-11. [Downloadable!]
4. R. W. Hafer & Michael E. Trebing, 1980. "The value-added tax: a review of the issues," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 3-10. [Downloadable!]

1979

1. R. W. Hafer & Scott E. Hein, 1979. "Evidence on the temporal stability of the demand for money relationship in the United States," Review, Federal Reserve Bank of St. Louis, issue Dec, pages 3-14. [Downloadable!]

1978

1. West, E G & Hafer, R W, 1978. "J. S. Mill, Unions, and the Wages Fund Recantation: A Reinterpretation," The Quarterly Journal of Economics, MIT Press, vol. 92(4), pages 603-19, November. [Downloadable!] (restricted)

This page was last updated on 2008-9-1.