Discussion Paper
M2 per unit of potential GNP as an anchor for the price level
Hallman, Jeffrey J.; Porter, Richard D.; Small, David H. (1989)
Staff Studies , Paper 157

Journal Article
Commodity prices and P-star
Hallman, Jeffrey J.; Bryden, Edward J. (1992-01)
An illustration of how the P-star indicator of future inflation can be modified to include information about the recent behavior of commodity prices. This approach yields more accurate short-run inflation forecasts while still retaining the property that, over the long run, only money matters.
Economic Review , Volume 28 , Issue Q I , Pages 11-17

Journal Article
Integrating business and personal income taxes
Hallman, Jeffrey J.; Haubrich, Joseph G. (1992-10)
An examination of the problems surrounding the current corporate tax system, including a detailed look at several reform proposals from the Treasury Department.
Economic Commentary , Issue Oct

Journal Article
Uncertain inflation and price-level rules
Hallman, Jeffrey J. (1992-01)
An analysis of the sources and costs of unpredictable inflation, finding that the uncertainty stems from a lack of appropriate constraints on the monetary policy process, and that the costs could be sharply reduced by adopting a policy that targets a long-run path for the price level.
Economic Commentary , Issue Jan

Working Paper
Cointegration and transformed series
Hallman, Jeffrey J. (1990)
An explanation of how to use nonparametric techniques to search for and test possible cointegrating transformations of time series.
Working Papers (Old Series) , Paper 9014

Journal Article
Has the long-run velocity of M2 shifted? Evidence from the P* model
Hallman, Jeffrey J.; Anderson, Richard G. (1993-01)
An examination of one of the P-Star model's primary assumptions: the constancy of M2's long-run velocity, or V-Star. Using actual data through the end of 1992, the authors find that simulations of the model under a variety of hypotheses regarding changes in V-Star provide little support for a dramatic shift in that measure.
Economic Review , Volume 29 , Issue Q I , Pages 14-26

Working Paper
The algebra of I (1)
Granger, Clive W. J.; Hallman, Jeffrey J. (1988)
Finance and Economics Discussion Series , Paper 45