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Working Paper
Another look at the credit-output link
Journal Article
Forecasting the Louisiana economy
William C. Gruben and Donald W. Hayes have constructed a forecasting model that predicts mild overall growth in the Louisiana economy in 1991. The model predicts expansion in seven of nine economic indicators: the rig count, the civilian labor force, nonagricultural employment, housing permits, real personal income, mining, and sales tax revenue. Only durable and nondurable goods manufacturing will decline, according to the forecast. Gruben and Hayes conclude that while Louisiana is likely to experience an economic expansion in 1991, a boom is unlikely.