Research Publications

Economic Review

First Quarter 1999

• The European System of Central Banks
  Mark A. Wynne
  Article

• Government's Role in Primary and Secondary Education
  Lori L. Taylor
  Article

First Quarter 1998

• Crude Oil and Gasoline Prices: An Asymmetric Relationship?
  Nathan S. Balke, Stephen P. A. Brown, and Mine K. Yucel
  Article

• Has NAFTA Changed North American Trade?
  David M. Gould
  Article

• The Dynamic Impact of Fundamental Tax Reform
  Part 1: The Basic Model
  Evan F. Koenig and Gregory W. Huffman
  Article

Second Quarter 1998

• Some Implications of Increased Cooperation in World Oil Conservation
  Stephen P. A. Brown and Hillard G. Huntington
  Article

• Does the United States Still Overinvest in Housing?
  Lori L. Taylor
  Article

• The Dynamic Impact of Fundamental Tax Reform
  Part 2: Extensions
  Gregory W. Huffman and Evan F. Koenig
  Article

Third Quarter 1998

• Income Taxes as Reciprocal Tariffs
  W. Michael Cox, David M. Gould, and Roy J. Ruffin
  Article

• Seigniorage Revenue and Monetary Policy: Some Preliminary Evidence
  Joseph H. Haslag
  Article

• The Economics of the Private Equity Market
  Stephen D. Prowse
  Article

Fourth Quarter 1998

• How Increased Product Market Competition May Be Reshaping America's Labor Markets
  John V. Duca
  Article

• Privatization and the Transition to a Market Economy
  Jason L. Saving
  Article

• Global Warming Policy: Some Economic Implications
  Stephen P. A. Brown
  Article

First Quarter 1997

• Taxation, Growth, and Welfare: A Framework For Analysis and Some Preliminary Results
  Mark A. Wynne
  Article

• Is There a Stable Relationship Between Capacity Utilization and Inflation?
  Kenneth M. Emery and Chih-Ping Chang
  Article

• Liberalization, Privatization, and Crash: Mexico's Banking System in the 1990s
  William C. Gruben and Robert P. McComb
  Article

Second Quarter 1997

• Welfare and the Locational Choices of New Immigrants
  Madeline Zavodny
  Article

• Output, Growth, Welfare, and Inflation: A Survey
  Joseph H. Haslag
  Article

Third Quarter 1997

• Does Being Different Matter?
  Finn E. Kydland and D'Ann M. Petersen
  Article

• The Economics of Private Placements: Middle-Market Corporate Finance, Life Insurance Companies, and a Credit Crunch
  Stephen D. Prowse
  Article

• "Tough Love": Implications for Redistributive Policy
  Jason L. Saving
  Article

Fourth Quarter 1997

• Has Long-Run Profitability Risen in the 1990s?
  John V. Duca
  Article

• Intellectual Property Rights and Product Effectiveness
  Stephen P. A. Brown and William C. Gruben
  Article

• Is the Busiess Cycle of Argentina "Different"?
  Finn E. Kydland and Carlos E. J. M. Zarazaga
  Article

First Quarter 1996

• Do Wages Help Predict Inflation?
  Kenneth M. Emery and Chih-Ping Chang
  Article

• Supply Shocks and the Distribution of Price Changes
  Nathan S. Balke and Mark A. Wynne
  Article

• Policy Priorities and the Mexican Exchange Rate Crisis
  William C. Gruben
  Article

Second Quarter 1996

• New Tools for Analyzing the Mexican Economy: Indexes of Coincident and Leading Economic Indicators
  Keith R. Phillips, Lucinda Vargas, and Victor Zarnowitz
  Article

• Forecasting M2 Growth: An Exploration in Real Time
  Evan F. Koenig
  Article

• Interest Rate Sensitivity of Texas Industry
  Lori L. Taylor and Mine K. Yucel
  Article

Third Quarter 1996

• Corporate Finance in International Perspective: Legal and Regulatory Influences on Financial System Development
  Stephen D. Prowse
  Article

• Capacity Utilization as a Real-Time Predictor of Manufacturing Output
  Evan F. Koenig
  Article

• Externalities, Markets, and Government Policy
  Roy J. Ruffin
  Article

Fourth Quarter 1996

• Neighborhood School Characteristics: What Signals Quality to Homebuyers?
  Kathy J. Hayes and Lori L. Taylor
  Article

• Trade Deficits: Causes and Consequences
  David M. Gould and Roy J. Ruffin
  Article

• Can Mortgage Applications Help Predict Home Sales?
  John V. Duca
  Article

First Quarter 1995

• Sticky Prices: What Is the Evidence?
  Mark A. Wynne
  Article

• The Texas Banking Crisis and the Payments System
  Robert T. Clair, Joanna O. Kolson, and Kenneth J. Robinson
  Article

• The Role of Merchandise Exports to Mexico in the Pattern of Texas Employment
  Kelly A. George and Lori L. Taylor
  Article

• Another Strong Year for the Eleventh District
  Fiona D. Sigalla
  Article

Second Quarter 1995

• Mexico's Crisis: Looking Back to Assess the Future
  David M. Gould
  Article

• Energy Prices and State Economic Performance
  Stephen P. A. Brown and Mine Yucel
  Article

• Optimal Monetary Policy in an Economy with Sticky Nominal Wages
  Evan F. Koenig
  Article

Third Quarter 1995

• Measuring the Policy Effects of Change in Reserve Requirement Ratios
  Joseph H. Haslag and Scott E. Hein
  Article

• A New Quarterly Output Measure for Texas
  Franklin D. Berger and Keith R. Phillips
  Article

• Alternate Methods of Corporate Control in Commercial Banks
  Stephen D. Prowse
  Article

Fourth Quarter 1995

• Sources of Money Instability
  John V. Duca
  Article

• Argentina, Mexico, and Currency Boards: Another Case of Rules Versus Discretion
  Carlos E. Zarazaga
  Article

• Should Bank Reserves Earn Interest?
  Scott Freeman and Joseph H. Haslag
  Article

First Quarter 1994

• The Federal Funds Rate as an Indicator of Monetary Policy: Evidence from the 1980s
  Nathan S. Balke and Kenneth M. Emery
  Article

• Demographics and the Long-Term Outlook for Housing Investment
  John K. Hill and D'Ann M. Petersen
  Article

• A Primer on the Nature of Business Cycles
  Gregory W. Huffman
  Article

Second Quarter 1994

• The Consumer Price Index
  Mark A. Wynne and Fiona D. Sigalla
  Article

• The Texas Construction Sector: The Tail that Wagged the Dog
  D'Ann M. Petersen, Keith R. Phillips, and Mine K. Yucel
  Article

• Is NAFTA Economic Integration?
  William C. Gruben and John H. Welch
  Article

• Solving the Mystery of the Disappearing January Blip in State Employment Data
  Franklin D. Berger and Keith R. Phillips
  Article

Third Quarter 1994

• An Economy at Risk? The Social Cost of School Inefficiency
  Lori L. Taylor
  Article

• Monetary Policy and Recent Business Cycle Experience
  R. W. Hafer, Joseph H. Haslag, and Scott E. Hein
  Article

• GATT and the New Protectionism
  David M. Gould and William C. Gruben
  Article

• The Saving Grace
  David M. Gould and Richard Alm
  Article

Fourth Quarter 1994

• Would the Addition of Bond or Equity Funds Make M2 a Better Indicator of Nominal GDP?
  John V. Duca
  Article

• Understanding the Price Puzzle
  Nathan S. Balke and Kenneth M. Emery
  Article

• Indicators of the General Price Level and Inflation
  Zsolt Becsi
  Article

First Quarter 1993

• Recessions and Recoveries
  Mark A. Wynne and Nathan S. Balke
  Article

• A Look at Long-Term Developments in the Distribution of Income
  Joseph H. Haslag and Lori L. Taylor
  Article

• The Costs and Benefits of Fixed Dollar Exchange Rates in Latin America
  John H. Welch and Darryl McLeod
  Article

Second Quarter 1993

• Regulation, Bank Competitiveness, and Episodes of Missing Money
  John V. Duca
  Article

• What Determines Economic Growth?
  David M. Gould and Roy J. Ruffin
  Article

• The Pricing of Natural Gas in U.S. Markets
  Stephen P. A. Brown and Mine K. Yucel
  Article

• Investing for Growth: Thriving in the World Marketplace
  A Summary of the 1992 Southwest Conference
  Fiona D. Sigalla and Beverly J. Fox
  Article

Third Quarter 1993

• Six Causes of the Credit Crunch (Or, Why Is It So Hard to Get a Loan?)
  Robert T. Clair and Paula Tucker
  Article

• America's Health Care Problem: An Economic Perspective
  Beverly J. Fox, Lori L. Taylor, and Mine K. Yucel
  Article

• Rethinking the IS in IS-LM: Adapting Keynesian Tools to Non-Keynesian Economies, Part 1
  Evan F. Koenig
  Article

• The Long (and Short) on Taxation and Expenditure Policies
  Zsolt Becsi
  Article

Fourth Quarter 1993

• The Theory and Practice of Free Trade
  David M. Gould, Roy J. Ruffin, and Graeme L. Woodbridge
  Article

• Rethinking the IS in IS-LM: Adapting Keynesian Tools to Non-Keynesian Economies, Part 2
  Evan F. Koenig
  Article

• High Inflation: Causes and Consequences
  John H. Rogers and Ping Wang
  Article

Third Quarter 1992

• Money and Output: Correlation or Causality?
  Scott Freeman
  Article

• Loan Growth and Loan Quality: Some Preliminary Evidence from Texas Banks
  Robert T. Clair
  Article

• When Will the United States Grow Out of Its Foreign Debt?
  John K. Hill
  Article