Journal Article
The new monetary aggregates
Hafer, Rik (1980-02)
Review , Volume 62 , Issue Feb , Pages 25-32

Journal Article
The FOMC in 1983-84: setting policy in an uncertain world
Hafer, Rik (1985-04)
Review , Volume 67 , Issue Apr , Pages 15-37

Working Paper
Inflation uncertainty and a test of the Friedman hypothesis
Hafer, Rik (1985)
This paper tests Friedman's (1977) hypothesis that increases in inflation uncertainty, ceteris paribus, may yield higher levels of unemployment. Tests are made using quarterly measures of inflation uncertainty taken from the ASA-NBER survey. Using the 1972-1984 period, we find general support for the hypothesis.
Working Papers , Paper 1985-006

Journal Article
The value-added tax: a review of the issues
Trebing, Michael E.; Hafer, Rik (1980-01)
Review , Volume 62 , Issue Jan , Pages 3-10

Journal Article
Monetary policy and recent business-cycle experience
Haslag, Joseph H.; Hein, Scott E.; Hafer, Rik (1994-07)
Some critics of recent monetary policy have focused on slow M2 growth, claiming that the Federal Reserve is too interested in price stability and is forsaking its growth mandate. Others criticize the Fed for achieving price stability too cautiously and urge the adoption of a rule that seeks to eliminate inflation more quickly. ; R. W. Hafer, Joseph Haslag and Scott Hein examine two alternative monetary policies and gauge their expected impacts on economic activity. Both policies are simulated over the period 198792. One policy, a GNP-targeting rule similar to one proposed by Bennett McCallum, ...
Economic and Financial Policy Review , Issue Q III , Pages 14-28

Journal Article
The FOMC IN 1987: the effects of a falling dollar and the stock market collapse
Haslag, Joseph H.; Hafer, Rik (1988-03)
Review , Issue Mar

Journal Article
The wayward money supply: a post-mortem of 1982
Hein, Scott E.; Hafer, Rik (1983-03)
Review , Volume 65 , Issue Mar , Pages 17-25

Journal Article
The role of fiscal policy in the St. Louis equation
Hafer, Rik (1982-01)
Review , Volume 64 , Issue Jan , Pages 17-22

Journal Article
Does dollar depreciation cause inflation?
Hafer, Rik (1989-07)
Review , Issue Jul , Pages 16-28

Working Paper
Comparing Multi-State Kalman Filter and ARIMA forecasts: an application to the money multiplier
Kool, Clemens J. M.; Hein, Scott E.; Hafer, Rik (1985)
This paper derives one-month ahead forecasts of the money (M I) multiplier using the Multi-State Kalman Filter and Box-Jenkins ARIMA methods. A comparison of the forecasts far the period 1980-82 reveals that the Multi-State Kalman Filter procedure was generally superior to the ARIMA procedure In terms of most summary statistics. The superiority is traced to the turbulent period of 1980-81. This paper also compares aggregate and component forecasts of the multiplier. The aggregate Multi-State Kalman Filter was the most accurate in predicting the one-month ahead money multiplier.
Working Papers , Paper 1985-001