Search Results
Journal Article
Texas in transition: dependence on oil and the national economy
Journal Article
A new monetary aggregate
During the past two decades, financial innovations have proceeded at a rapid pace. These innovations have altered the liquidity of some assets relative to that of others. As a result, traditional measures of the money supply may have become less reliable as measures of household liquidity. Even sophisticated measures of the money supply, such as the Divisia monetary aggregates, do not adequately adjust for the effects of changes in the payments technology. ; Koenig and Fomby propose a measure of the money supply that avoids some of the shortcomings of existing monetary aggregates. The ...
Working Paper
Threshold cointegration
Journal Article
A new barometer for the Texas economy