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Daniel L Thornton

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Personal Details

First Name: Daniel
Middle Name: L
Last Name: Thornton
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RePEc Short-ID: pth2

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Homepage: http://www.stls.frb.org
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Works

| Working papers | Articles | Access and download statistics | Citations (if any)| NEP Fields |
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Working papers

  1. Daniel L. Thornton, 2009. "The identification of the response of interest rates to monetary policy actions using market-based measures of monetary policy shocks," Working Papers 2009-037, Federal Reserve Bank of St. Louis. [Downloadable!]

  2. Daniel L. Thornton, 2009. "How did we get to inflation targeting and where do we go now? a perspective from the U.S. experience," Working Papers 2009-038, Federal Reserve Bank of St. Louis. [Downloadable!]

  3. Daniel L. Thornton & Giorgio Valente, 2009. "Revisiting the predictability of bond risk premia," Working Papers 2009-009, Federal Reserve Bank of St. Louis. [Downloadable!]

  4. Daniel L. Thornton, 2009. "Resolving the unbiasedness puzzle in the foreign exchange market," Working Papers 2009-002, Federal Reserve Bank of St. Louis. [Downloadable!]

  5. Daniel L. Thornton, 2008. "The unusual behavior of the federal funds and 10-year Treasury rates: a conundrum or Goodhart’s Law?," Working Papers 2007-039, Federal Reserve Bank of St. Louis. [Downloadable!]

  6. Daniel L. Thornton, 2008. "Monetary policy: why money matters and interest rates don't," Working Papers 2008-011, Federal Reserve Bank of St. Louis. [Downloadable!]

  7. Pasquale Della Corte & Lucio Sarno & Daniel L. Thornton, 2007. "The expectation hypothesis of the term structure of very short-term rates: statistical tests and economic value," Working Papers 2006-061, Federal Reserve Bank of St. Louis. [Downloadable!]
    Other versions:
    Published as:

  8. Daniel L. Thornton, 2007. "The daily and policy-relevant liquidity effects," Working Papers 2007-001, Federal Reserve Bank of St. Louis. [Downloadable!]
    Other versions:

  9. Daniel L.Thornton, 2007. "Resolving the unbiasedness and forward premium puzzles," Working Papers 2007-014, Federal Reserve Bank of St. Louis. [Downloadable!]

  10. Daniel L. Thornton, 2006. "The daily liquidity effect," Working Papers 2006-020, Federal Reserve Bank of St. Louis. [Downloadable!]

  11. Daniel L. Thornton, 2005. "Predictions of short-term rates and the expectations hypothesis of the term structure of interest rates," Working Papers 2004-010, Federal Reserve Bank of St. Louis. [Downloadable!]
    Other versions:

  12. Lucio Sarno & Daniel L. Thornton & Giorgio Valente, 2005. "The empirical failure of the expectations hypothesis of the term structure of bond yields," Working Papers 2003-021, Federal Reserve Bank of St. Louis. [Downloadable!]
    Other versions:
    Published as:

  13. Daniel L. Thornton, 2005. "When did the FOMC begin targeting the federal funds rate? what the verbatim transcripts tell us," Working Papers 2004-015, Federal Reserve Bank of St. Louis. [Downloadable!]

  14. Daniel L. Thornton, 2005. "Open market operations and the federal funds rate," Working Papers 2005-063, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  15. Daniel L. Thornton, 2005. "A new federal funds rate target series: September 27, 1982, - December 31, 1993," Working Papers 2005-032, Federal Reserve Bank of St. Louis. [Downloadable!]

  16. Daniel L. Thornton, 2004. "Tests of the expectations hypothesis: resolving the Campbell-Shiller paradox," Working Papers 2003-022, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  17. Marco Lippi & Daniel L. Thornton, 2004. "A dynamic factor analysis of the response of U. S. interest rates to news," Working Papers 2004-013, Federal Reserve Bank of St. Louis. [Downloadable!]
    Other versions:

  18. Lucio Sarno & Daniel L. Thornton & Giorgio Valente, 2004. "Federal funds rate prediction," Working Papers 2002-005, Federal Reserve Bank of St. Louis. [Downloadable!]
    Other versions:
    Published as:

  19. Daniel L. Thornton, 2004. "Tests of the expectations hypothesis: resolving the anomalies when the short-term rate is the federal funds rate," Working Papers 2000-003, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  20. Daniel L. Thornton, 2003. "Forecasting the Treasury's balance at the Fed," Working Papers 2001-004, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  21. Lucio Sarno & Daniel L. Thornton, 2003. "The efficient market hypothesis and identification in structural VARs," Working Papers 2003-032, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  22. Daniel L. Thornton, 2003. "Monetary policy transparency: transparent about what?," Working Papers 2002-028, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  23. Clemens J. M. Kool & Daniel L. Thornton, 2003. "A note on the expectations hypothesis at the founding of the Fed," Working Papers 2000-004, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  24. Daniel L. Thornton, 2003. "Testing the expectations hypothesis: some new evidence for Japan," Working Papers 2003-033, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  25. Lucio Sarno & Daniel L. Thornton, 2002. "The dynamic relationship between the federal funds rate and the Treasury bill rate: an empirical investigation," Working Papers 2000-032, Federal Reserve Bank of St. Louis. [Downloadable!]
    Other versions:
    Published as:

  26. Lucio Sarno & Daniel L. Thornton & Yi Wen, 2002. "What's unique about the federal funds rate? evidence from a spectral perspective," Working Papers 2002-029, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  27. Daniel L. Thornton, 2000. "The relationship between the federal funds rate and the Fed's federal funds rate target: is it open market or open mouth operations?," Working Papers 1999-022, Federal Reserve Bank of St. Louis. [Downloadable!]
    Other versions:

  28. Daniel L. Thornton, 1998. "The Federal Reserve's operating procedure, nonborrowed reserves, borrowed reserves and the liquidity effect," Working Papers 1998-009, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  29. Daniel L. Thornton, 1998. "Lifting the veil of secrecy from monetary policy: evidence from the Fed's early discount rate policy," Working Papers 1998-003, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  30. Michael J. Dueker & Daniel L. Thornton, 1997. "Do bank loan rates exhibit a countercyclical mark-up?," Working Papers 1997-004, Federal Reserve Bank of St. Louis. [Downloadable!]

  31. Daniel L. Thornton, 1996. "Identifying the liquidity effect: the case of nonborrowed reserves," Working Papers 1996-002, Federal Reserve Bank of St. Louis. [Downloadable!]

  32. Daniel L. Thornton, 1996. "The information content of discount rate announcements: what's behind the announcement effect?," Working Papers 1994-032, Federal Reserve Bank of St. Louis. [Downloadable!]

  33. Daniel L. Thornton, 1996. "Discount rate policies of five Federal Reserve Chairmen," Working Papers 1996-001, Federal Reserve Bank of St. Louis. [Downloadable!]

  34. Michael Dueker & Daniel L. Thornton, 1994. "Asymmetry in the prime rate and firms' preference for internal finance," Working Papers 1994-017, Federal Reserve Bank of St. Louis. [Downloadable!]

  35. Daniel L. Thornton, 1992. "Why do T-bill rates react to discount rate changes?," Working Papers 1992-004, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  36. Daniel L. Thornton, 1992. "The market's reaction to discount changes: what's behind the announcement effect?," Working Papers 1992-003, Federal Reserve Bank of St. Louis. [Downloadable!]

  37. Daniel L. Thornton, 1988. "Why do market interest rates respond to money announcements?," Working Papers 1988-002, Federal Reserve Bank of St. Louis. [Downloadable!]

  38. Daniel L. Thornton, 1988. "Should consumer expenditures be the scale variable in empirical money demand equations?," Working Papers 1988-003, Federal Reserve Bank of St. Louis. [Downloadable!]

  39. Daniel L. Thornton, 1987. "Unanticipated money and the anticipated liquidity effect: some further evidence," Working Papers 1986-010, Federal Reserve Bank of St. Louis. [Downloadable!]

  40. Dallas S. Batten & Daniel L. Thornton, 1985. "Weighted monetary aggregates as intermediate targets," Working Papers 1985-010, Federal Reserve Bank of St. Louis. [Downloadable!]

  41. K. Alec Chrystal & Daniel L. Thornton, 1984. "Tests of price sluggishness in the U.K," Working Papers 1984-019, Federal Reserve Bank of St. Louis. [Downloadable!]

  42. 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!]
    Published as:

  43. Daniel L. Thornton, 1984. "On the treatment of the weighted initial observation in the AR(1) regression model," Working Papers 1984-003, Federal Reserve Bank of St. Louis. [Downloadable!]

  44. Daniel L. Thornton & Dallas S. Batten, 1984. "Lag length selection and Granger causality," Working Papers 1984-001, Federal Reserve Bank of St. Louis. [Downloadable!]

  45. Daniel L. Thornton, 1984. "A note on the relative efficiency of the Cochrane-Orcutt and OLS estimators when the autocorrelation process has a finite past," Working Papers 1984-002, Federal Reserve Bank of St. Louis. [Downloadable!]

  46. Daniel L. Thornton & Dallas S. Batten, 1984. "What do Almon's endpoint constraints constrain?," Working Papers 1984-017, Federal Reserve Bank of St. Louis. [Downloadable!]

  47. Dallas S. Batten & Daniel L. Thornton, 1983. "The Andersen-Jordan equation, revisited," Working Papers 1983-015, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  48. Daniel L. Thornton, 1983. "The appropriate autocorrelation transformation when the autocorrelation process has a finite past," Working Papers 1982-002, Federal Reserve Bank of St. Louis. [Downloadable!]

  49. Daniel L. Thornton, 1983. "The appropriate interest rate and scale variable in money demand: results from non-nested tests," Working Papers 1983-006, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  50. Daniel L. Thornton, 1983. "The real-balance effect with resource-using money: a capital-theoretic interpretation," Working Papers 1983-010, Federal Reserve Bank of St. Louis. [Downloadable!]

  51. Dallas S. Batten & Daniel L. Thornton, 1983. "Lag-length selection criteria: empirical results from the St. Louis equation," Working Papers 1983-008, Federal Reserve Bank of St. Louis. [Downloadable!]

  52. Daniel L. Thornton & Dallas S. Batten, 1983. "Endpoint constraints and the St. Louis equation: a clarification," Working Papers 1983-001, Federal Reserve Bank of St. Louis. [Downloadable!]

  53. Dallas S. Batten & Daniel L. Thornton, 1983. "Discount rate changes and the foreign exchange market," Working Papers 1983-016, Federal Reserve Bank of St. Louis. [Downloadable!]
    Published as:

  54. Dallas S. Batten & Daniel L. Thornton, 1983. "Complete results for lag length selection," Working Papers 1983-009, Federal Reserve Bank of St. Louis. [Downloadable!]

  55. Daniel L. Thornton, 1982. "The budget constraint, endogenous money and the relative importance of fiscal policy under alternative financing schemes," Working Papers 1982-007, Federal Reserve Bank of St. Louis. [Downloadable!]

Articles

  1. Daniel L. Thornton, 2009. "Would quantitative easing sooner have tempered the financial crisis and economic recession?," Economic Synopses, Federal Reserve Bank of St. Louis. [Downloadable!]

  2. Daniel L. Thornton, 2009. "A perspective on the current recession: it's not the "worst case" yet," Economic Synopses, Federal Reserve Bank of St. Louis. [Downloadable!]

  3. Daniel L. Thornton, 2009. "The Fed, liquidity, and credit allocation," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 13-22. [Downloadable!]

  4. Daniel L. Thornton, 2009. "Is there less agreement about inflation?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jan. [Downloadable!]

  5. Daniel L. Thornton, 2009. "What caused long-term rates to rise?," Economic Synopses, Federal Reserve Bank of St. Louis. [Downloadable!]

  6. Daniel L. Thornton, 2009. "Negating the inflation potential of the Fed's lending programs," Economic Synopses, Federal Reserve Bank of St. Louis. [Downloadable!]

  7. Daniel L. Thornton, 2009. "What the Libor-OIS spread says," Economic Synopses, Federal Reserve Bank of St. Louis. [Downloadable!]

  8. Daniel L. Thornton, 2009. "The effect of the Fed’s purchase of long-term treasuries on the yield curve," Economic Synopses, Federal Reserve Bank of St. Louis. [Downloadable!]

  9. Daniel J. McDonald & Daniel L. Thornton, 2008. "A primer on the mortgage market and mortgage finance," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 31-46. [Downloadable!]

  10. Daniel L. Thornton, 2008. "Housing and the "R" word," National Economic Trends, Federal Reserve Bank of St. Louis, issue Feb. [Downloadable!]

  11. Della Corte, Pasquale & Sarno, Lucio & Thornton, Daniel L., 2008. "The expectation hypothesis of the term structure of very short-term rates: Statistical tests and economic value," Journal of Financial Economics, Elsevier, vol. 89(1), pages 158-174, July. [Downloadable!] (restricted)
    Other versions:

  12. Daniel L. Thornton, 2008. "Walter Bagehot, the discount window, and TAF," Economic Synopses, Federal Reserve Bank of St. Louis. [Downloadable!]

  13. Daniel L. Thornton, 2007. "The lower and upper bounds of the Federal Open Market Committee's long-run inflation objective," Review, Federal Reserve Bank of St. Louis, issue May, pages 183-194. [Downloadable!]

  14. Daniel L. Thornton, 2007. "Measure for measure: headline versus core inflation," Monetary Trends, Federal Reserve Bank of St. Louis, issue Sep. [Downloadable!]

  15. Sarno, Lucio & Thornton, Daniel L. & Valente, Giorgio, 2007. "The Empirical Failure of the Expectations Hypothesis of the Term Structure of Bond Yields," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 42(01), pages 81-100, March. [Downloadable!]
    Other versions:

  16. Daniel L. Thornton, 2007. "Subprime side effects in the federal funds market," Monetary Trends, Federal Reserve Bank of St. Louis, issue Oct. [Downloadable!]

  17. Daniel L. Thornton, 2007. "The federal funds and long-term rates," Monetary Trends, Federal Reserve Bank of St. Louis, issue May. [Downloadable!]

  18. Daniel L. Thornton, 2007. "Open market operations and the federal funds rate," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 549-570. [Downloadable!]
    Other versions:

  19. Lucio Sarno & Daniel L. Thornton & Yi Wen, 2007. "What's Unique About the Federal Funds Rate? Evidence from a Spectral Perspective," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(2), pages 293-319, 04. [Downloadable!] (restricted)
    Other versions:

  20. Daniel L. Thornton, 2006. "The Fed's inflation objective," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jul. [Downloadable!]

  21. Thornton, Daniel L., 2006. "Tests of the Expectations Hypothesis: Resolving the Campbell-Shiller Paradox," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(2), pages 511-542, March. [Downloadable!] (restricted)
    Other versions:

  22. Daniel L. Thornton, 2006. ""Measured pace" in the conduct of monetary policy," Monetary Trends, Federal Reserve Bank of St. Louis, issue Mar. [Downloadable!]

  23. Robert H. Rasche & Daniel L. Thornton, 2006. "Greenspan's unconventional view of the long-run inflation/output trade-off," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jan. [Downloadable!]

  24. Daniel L. Thornton, 2005. "Social security, saving, and wealth accumulation," National Economic Trends, Federal Reserve Bank of St. Louis, issue May. [Downloadable!]

  25. Thornton, Daniel L., 2005. "Tests of the expectations hypothesis: Resolving the anomalies when the short-term rate is the federal funds rate," Journal of Banking & Finance, Elsevier, vol. 29(10), pages 2541-2556, October. [Downloadable!] (restricted)
    Other versions:

  26. Sarno, Lucio & Thornton, Daniel L & Valente, Giorgio, 2005. "Federal Funds Rate Prediction," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(3), pages 449-71, June.
    Other versions:

  27. Daniel L. Thornton, 2005. "The monetary policy transmission mechanism?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Sep. [Downloadable!]

  28. Thomas A. Garrett & Daniel L. Thornton, 2004. "Public officials and job creation," National Economic Trends, Federal Reserve Bank of St. Louis, issue Sep. [Downloadable!]

  29. Thornton, Daniel L., 2004. "The Fed and short-term rates: Is it open market operations, open mouth operations or interest rate smoothing?," Journal of Banking & Finance, Elsevier, vol. 28(3), pages 475-498, March. [Downloadable!] (restricted)

  30. Daniel L. Thornton, 2004. "Forecasting the Treasury's balance at the Fed," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 23(5), pages 357-371. [Downloadable!]
    Other versions:

  31. Lucio Sarno & Daniel L. Thornton, 2004. "The efficient market hypothesis and identification in structural VARs," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 49-60. [Downloadable!]
    Other versions:

  32. Richard G. Anderson & Daniel L. Thornton, 2004. "The FOMC’s “considerable period”," Monetary Trends, Federal Reserve Bank of St. Louis, issue Feb. [Downloadable!]

  33. Daniel L. Thornton, 2004. "Testing the expectations hypothesis: some new evidence for Japan," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 21-40. [Downloadable!]
    Other versions:
    Published as:

  34. Kool, Clemens J. M. & Thornton, Daniel L., 2004. "A note on the expectations hypothesis at the founding of the Fed," Journal of Banking & Finance, Elsevier, vol. 28(12), pages 3055-3068, December. [Downloadable!] (restricted)
    Other versions:

  35. Daniel L. Thornton, 2004. "Making monetary policy more transparent," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jan. [Downloadable!]

  36. Daniel L. Thornton, 2003. "Predictability and effectiveness of monetary policy," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jul. [Downloadable!]

  37. Sarno, Lucio & Thornton, Daniel L., 2003. "The dynamic relationship between the federal funds rate and the Treasury bill rate: An empirical investigation," Journal of Banking & Finance, Elsevier, vol. 27(6), pages 1079-1110, June. [Downloadable!] (restricted)
    Other versions:

  38. Daniel L. Thornton, 2003. "How effective is monetary policy?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jan. [Downloadable!]

  39. Daniel L. Thornton, 2003. "Alternative policy weapons?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Aug. [Downloadable!]

  40. Daniel L. Thornton, 2003. "Monetary policy transparency: transparent about what?," Manchester School, University of Manchester, vol. 71(5), pages 478-497, 09. [Downloadable!] (restricted)
    Other versions:

  41. Daniel L. Thornton, 2002. "Withering dissents," Monetary Trends, Federal Reserve Bank of St. Louis, issue Aug. [Downloadable!]

  42. Robert H. Rasche & Daniel L. Thornton, 2002. "The FOMC's balance-of-risks statement and market expectations of policy actions," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 37-50. [Downloadable!]

  43. William Poole & Robert H & Rasche & Daniel L. Thornton, 2002. "Market anticipations of monetary policy actions," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 65-94. [Downloadable!]

  44. Kevin L. Kliesen & Daniel L. Thornton, 2002. "Does a mild recession imply a weak recovery?," National Economic Trends, Federal Reserve Bank of St. Louis, issue Apr. [Downloadable!]

  45. Daniel L. Thornton, 2001. "Identifying the liquidity effect at the daily frequency," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 59-82. [Downloadable!]

  46. Robert H. Rasche & Daniel L. Thornton, 2001. "The monetary/fiscal policy debate: a controlled experiment," Monetary Trends, Federal Reserve Bank of St. Louis, issue Oct. [Downloadable!]

  47. Daniel L. Thornton, 2001. "The codification of an FOMC procedure," Monetary Trends, Federal Reserve Bank of St. Louis, issue Mar. [Downloadable!]

  48. Daniel L. Thornton & David C. Wheelock, 2001. "Interest rate targets abandoned," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jun. [Downloadable!]

  49. Kevin L. Kliesen & Daniel L. Thornton, 2001. "The expected federal budget surplus: how much confidence should the public and policymakers place in the projections?," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 11-24. [Downloadable!]

  50. Daniel L. Thornton, 2001. "What accounts for the reduced frequency of Fed actions?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Apr. [Downloadable!]

  51. Thornton, Daniel L., 2001. "The Federal Reserve's operating procedure, nonborrowed reserves, borrowed reserves and the liquidity effect," Journal of Banking & Finance, Elsevier, vol. 25(9), pages 1717-1739, September. [Downloadable!] (restricted)
    Other versions:

  52. Daniel L. Thornton, 2000. "Money in a theory of exchange," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 35-60. [Downloadable!]

  53. Thornton, Daniel L, 2000. "Lifting the Veil of Secrecy from Monetary Policy: Evidence from the Fed's Early Discount Rate Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(2), pages 155-67, May.
    Other versions:

  54. Daniel Thornton & David C. Wheelock, 2000. "A history of the asymmetric policy directive," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 1-16. [Downloadable!]

  55. Daniel L. Thornton, 2000. "An experiment is underway," Monetary Trends, Federal Reserve Bank of St. Louis, issue Feb. [Downloadable!]

  56. Daniel L. Thornton, 2000. "The golden dollar: the early evidence," Monetary Trends, Federal Reserve Bank of St. Louis, issue Dec. [Downloadable!]

  57. Cletus C. Coughlin & Daniel L. Thornton, 2000. "The exceptional 1990s," National Economic Trends, Federal Reserve Bank of St. Louis, issue Mar. [Downloadable!]

  58. Daniel L. Thornton, 1999. "Nominal interest rates: less than zero?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jan. [Downloadable!]

  59. Daniel L. Thornton, 1999. "The funds rate target and interest rates," Monetary Trends, Federal Reserve Bank of St. Louis, issue Sep. [Downloadable!]

  60. Daniel L. Thornton, 1998. "Tests of the market's reaction to federal funds rate target changes," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 25-36. [Downloadable!]

  61. Daniel L. Thornton, 1998. "The importance of an asymmetric directive," Monetary Trends, Federal Reserve Bank of St. Louis, issue Aug. [Downloadable!]

  62. John C. Robertson & Daniel L. Thornton, 1997. "Using federal funds futures rates to predict Federal Reserve actions," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 45-53. [Downloadable!]

  63. Daniel L. Thornton, 1996. "Does the Fed's new policy of immediate disclosure affect the market?," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 77-88. [Downloadable!]

  64. Daniel L. Thornton, 1996. "The costs and benefits of price stability: an assessment of Howitt's rule," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 23-38. [Downloadable!]

  65. Garfinkel, Michelle R & Thornton, Daniel L, 1995. "The Information Content of the Federal Funds Rate: Is It Unique?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(3), pages 838-47, August. [Downloadable!] (restricted)

  66. Daniel L. Thornton & David C. Wheelock, 1995. "Channels of monetary policy : conference introduction," Proceedings, Federal Reserve Bank of St. Louis, issue May, pages vii - xii. [Downloadable!]

  67. Alvin L. Marty & Daniel L. Thornton, 1995. "Is there a case for "moderate" inflation?," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 27-38. [Downloadable!]

  68. Daniel L. Thornton & David C. Wheelock (), 1995. "Channels of monetary policy. Proceedings of the Nineteenth Annual Economic Policy Conference held October 20-21, 1994," Proceedings, Federal Reserve Bank of St. Louis, issue May.

  69. Daniel L. Thornton, 1994. "Financial innovation, deregulation and the "credit view" of monetary policy," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 31-49. [Downloadable!]

  70. Thornton, Daniel L, 1994. "Why Do T-Bill Rates React to Discount Rate Changes?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(4), pages 839-50, November. [Downloadable!] (restricted)
    Other versions:

  71. Daniel L. Thornton, 1992. "Targeting M2: the issue of monetary control," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 23-35. [Downloadable!]

  72. Daniel L. Thornton & Piyu Yue, 1992. "An extended series of divisia monetary aggregates," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 35-52. [Downloadable!]

  73. David A. Dickey & Dennis W. Jansen & Daniel L. Thornton, 1991. "A primer on cointegration with an application to money and income," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 58-78. [Downloadable!]

  74. Michelle R. Garfinkel & Daniel L. Thornton, 1991. "Alternative measures of the monetary base: what are the differences and are they important?," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 19-35. [Downloadable!]

  75. Michelle R. Garfinkel & Daniel L. Thornton, 1991. "The multiplier approach to the money supply process: a precautionary note," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 47-64. [Downloadable!]

  76. Daniel L. Thornton, 1990. "Do government deficits matter?," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 25-39. [Downloadable!]

  77. Thornton, Daniel L., 1990. "Comments on "Modeling money demand in large industrial countries: Buffer stock and error correction approaches"," Journal of Policy Modeling, Elsevier, vol. 12(2), pages 463-467. [Downloadable!] (restricted)

  78. Daniel L. Thornton, 1989. "Tests of covered interest rate parity," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 55-66. [Downloadable!]

  79. Thornton, Daniel L., 1989. "The effect of unanticipated money on the money and foreign exchange markets," Journal of International Money and Finance, Elsevier, vol. 8(4), pages 573-587, December. [Downloadable!] (restricted)

  80. Michelle R. Garfinkel & Daniel L. Thornton, 1989. "The link between M1 and the monetary base in the 198O's," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 35-52. [Downloadable!]

  81. Daniel L. Thornton, 1988. "The borrowed-reserves operating procedures: theory and evidence," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 30-54. [Downloadable!]

  82. K. Alec Chrystal & Daniel L. Thornton, 1988. "The macroeconomic effects of deficit spending: a review," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 48-60. [Downloadable!]

  83. Daniel L. Thornton, 1988. "The effect of monetary policy on short-term interest rates," Review, Federal Reserve Bank of St. Louis, issue May, pages 53-72. [Downloadable!]

  84. Alec Chrystal, K. & Thornton, Daniel L., 1988. "On the informational content of spot and forward exchange rates," Journal of International Money and Finance, Elsevier, vol. 7(3), pages 321-330, September. [Downloadable!] (restricted)

  85. Thornton, Daniel L., 1987. "A note on the efficiency of the cochrane-orcutt estimator of the ar(1) regression model," Journal of Econometrics, Elsevier, vol. 36(3), pages 369-376, November. [Downloadable!] (restricted)

  86. Courtenay C. Stone & Daniel L. Thornton, 1987. "Solving the 1980s' velocity puzzle: a progress report," Review, Federal Reserve Bank of St. Louis, issue Aug, pages 5-23. [Downloadable!]

  87. Dallas S. Batten & Daniel L. Thornton, 1986. "The monetary-fiscal policy debate and the Andersen-Jordan equation," Review, Federal Reserve Bank of St. Louis, issue Oct, pages 9-17. [Downloadable!]

  88. Kenneth C. Carraro & Daniel L. Thornton, 1986. "The cost of checkable deposits in the United States," Review, Federal Reserve Bank of St. Louis, issue Apr, pages 19-27. [Downloadable!]

  89. 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)
    Other versions:

  90. Daniel L. Thornton, 1986. "The discount rate and market interest rates: theory and evidence," Review, Federal Reserve Bank of St. Louis, issue Aug, pages 5-21. [Downloadable!]

  91. Dallas S. Batten & Daniel L. Thornton, 1985. "Are weighted monetary aggregates better than simple-sum M1?," Review, Federal Reserve Bank of St. Louis, issue Jun, pages 29-40. [Downloadable!]

  92. Batten, Dallas S. & Thornton, Daniel L., 1985. "The Andersen-Jordan equation revisited," Journal of Macroeconomics, Elsevier, vol. 7(3), pages 419-432. [Downloadable!] (restricted)
    Other versions:

  93. Carr, Jack & Darby, Michael R. & Thornton, Daniel L., 1985. "Monetary anticipations and the demand for money: Reply to MacKinnon and Milbourne," Journal of Monetary Economics, Elsevier, vol. 16(2), pages 251-257, September. [Downloadable!] (restricted)

  94. Daniel L. Thornton, 1985. "Money demand dynamics: some new evidence," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 14-23. [Downloadable!]

  95. Thornton, Daniel L, 1985. "The Appropriate Interest Race and Scale Variable in Money Demand: Results from Non-nested Tests," Applied Economics, Taylor and Francis Journals, vol. 17(4), pages 735-44, August.
    Other versions:

  96. Thornton, Daniel L & Batten, Dallas S, 1985. "Lag-Length Selection and Tests of Granger Causality between Money and Income," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(2), pages 164-78, May. [Downloadable!] (restricted)

  97. Dallas S. Batten & Daniel L. Thornton, 1985. "The discount rate, interest rates and foreign exchange rates: an analysis with daily data," Review, Federal Reserve Bank of St. Louis, issue Feb, pages 22-30. [Downloadable!]

  98. Dallas S. Batten & Daniel L. Thornton, 1984. "How robust are the policy conclusions of the St. Louis equation?: some further evidence," Review, Federal Reserve Bank of St. Louis, issue Jun. [Downloadable!]

  99. Daniel L. Thornton, 1984. "An early look at the volatility of money and interest rates under CRR," Review, Federal Reserve Bank of St. Louis, issue Oct, pages 26-32. [Downloadable!]

  100. Batten, Dallas S. & Thornton, Daniel L., 1984. "Discount rate changes and the foreign exchange market," Journal of International Money and Finance, Elsevier, vol. 3(3), pages 279-292, December. [Downloadable!] (restricted)
    Other versions:

  101. Thornton, Daniel L., 1984. "The government budget constraint with endogenous money," Journal of Macroeconomics, Elsevier, vol. 6(1), pages 57-67. [Downloadable!] (restricted)

  102. Daniel L. Thornton, 1984. "Monetizing the debt," Review, Federal Reserve Bank of St. Louis, issue Dec, pages 30-43. [Downloadable!]

  103. Daniel L. Thornton, 1983. "Why does velocity matter?," Review, Federal Reserve Bank of St. Louis, issue Dec, pages 5-13. [Downloadable!]

  104. Dallas S. Batten & Daniel L. Thornton, 1983. "M1 or M2: which is the better monetary target?," Review, Federal Reserve Bank of St. Louis, issue Jun, pages 36-42. [Downloadable!]

  105. Thornton, Daniel L., 1983. "Money, net wealth, and the real-balance effect," Journal of Macroeconomics, Elsevier, vol. 5(1), pages 105-117. [Downloadable!] (restricted)

  106. Dallas S. Batten & Daniel L. Thornton, 1983. "Polynomial distributed lags and the estimation of the St. Louis equation," Review, Federal Reserve Bank of St. Louis, issue Apr, pages 13-25. [Downloadable!]

  107. Daniel L. Thornton, 1983. "Lagged and contemporaneous reserve accounting: an alternative view," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 26-33. [Downloadable!]

  108. Daniel L. Thornton, 1983. "The FOMC in 1982: de-emphasizing M1," Review, Federal Reserve Bank of St. Louis, issue Jun, pages 26-35. [Downloadable!]

  109. Daniel L. Thornton, 1982. "The discount rate and market interest rates: what's the connection?," Review, Federal Reserve Bank of St. Louis, issue Jun, pages 3-14. [Downloadable!]

  110. Daniel L. Thornton, 1982. "The FOMC in 1981: monetary control in a changing financial environment," Review, Federal Reserve Bank of St. Louis, issue Apr, pages 3-22. [Downloadable!]

  111. Daniel L. Thornton, 1982. "Simple analytics of the money supply process and monetary control," Review, Federal Reserve Bank of St. Louis, issue Oct, pages 22-39. [Downloadable!]

  112. Thornton, Daniel L, 1982. "Maximum Likelihood Estimates of a Partial Adjustment-Adaptive Expectations Model of the Demand for Money," The Review of Economics and Statistics, MIT Press, vol. 64(2), pages 325-29, May. [Downloadable!] (restricted)

  113. Thornton, Daniel L. & Smith, Paul E., 1980. "The empirical significance of the real balance effect," Journal of Macroeconomics, Elsevier, vol. 2(3), pages 213-232. [Downloadable!] (restricted)

NEP Fields

28 papers by this author were announced in NEP, and specifically in the following field reports (number of papers):
  1. NEP-CBA: Central Banking (10) 2002-07-04 2005-02-13 2006-04-29 2007-06-23 2008-05-17 2009-01-03 2009-01-03 2009-08-02 2009-09-26 2009-09-26 Author is listed
  2. NEP-ECM: Econometrics (1) 2005-02-13
  3. NEP-ETS: Econometric Time Series (5) 2003-10-28 2004-01-18 2004-08-09 2004-08-09 2004-09-30 Author is listed
  4. NEP-FIN: Finance (4) 2002-07-04 2003-06-16 2004-08-09 2004-09-30
  5. NEP-FMK: Financial Markets (4) 2003-03-14 2005-10-04 2007-01-02 2009-08-02
  6. NEP-FOR: Forecasting (1) 2009-01-03
  7. NEP-HIS: Business, Economic & Financial History (1) 2005-07-11
  8. NEP-IFN: International Finance (2) 2007-06-23 2009-08-02
  9. NEP-MAC: Macroeconomics (19) 2003-03-14 2003-10-28 2003-10-28 2004-01-18 2004-01-18 2004-08-09 2004-09-30 2005-02-13 2005-09-29 2005-10-04 2006-04-29 2007-06-23 2007-09-30 2007-10-06 2008-05-17 2009-01-03 2009-01-03 2009-09-26 2009-09-26 Author is listed
  10. NEP-MON: Monetary Economics (22) 2002-07-04 2002-12-09 2002-12-09 2003-06-16 2004-08-09 2004-09-30 2005-01-10 2005-01-10 2005-02-13 2005-07-11 2005-09-29 2005-10-04 2006-04-29 2007-01-02 2007-06-23 2007-10-06 2008-05-17 2009-01-03 2009-01-03 2009-08-02 2009-09-26 2009-09-26 Author is listed
  11. NEP-MST: Market Microstructure (1) 2009-01-03
  12. NEP-PKE: Post Keynesian Economics (2) 2009-09-26 2009-09-26
  13. NEP-RMG: Risk Management (2) 2002-12-09 2004-01-18
  14. NEP-UPT: Utility Models & Prospect Theory (1) 2007-06-23
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This page was last updated on 2009-11-20.

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