Journal Article
Marshallian Cross Diagrams and Their Uses Before Alfred Marshall : The Origins of Supply and Demand Geometry
Humphrey, Thomas M. (1992-03)
Economic Review , Volume 78 , Issue Mar , Pages 3-23

Journal Article
The monetary approach to exchange rates : its historical evolution and role in policy debates
Humphrey, Thomas M. (1978-07)
An abstract for this article is not available
Economic Review , Volume 64 , Issue Jul , Pages 2-9

Journal Article
Lender of last resort: the concept in history
Humphrey, Thomas M. (1989-03)
Henry Thornton (1760-1815) and Walter Bagehot (1826-1877) laid down a set of rules for stopping banking panics and crises. Known collectively as the classical theory of the lender of last resort, those rule stressed (1) protecting the aggregate money stock, not individual institutions, (2) letting insolvent institutions fail, (3) accommodating sound but temporarily illiquid institutions only, (4) charging penalty rates, (5) requiring good collateral, and (6) preannouncing these conditions in advance of crises so as to remove uncertainty. These precepts continue to inform central bank policy ...
Economic Review , Volume 75 , Issue Mar , Pages 8-16

Journal Article
Fisher and Wicksell on the quantity theory
Humphrey, Thomas M. (1997-10)
Economic Quarterly , Issue Fall , Pages 71-90

Journal Article
A simple model of Irving Fisher's price-level stabilization
Humphrey, Thomas M. (1992-11)
Fishers advice to the policymakers: Adjust the money stock to correct price-level deviations from target. He neglected to say whether money should respond (1) to the gap between actual and target prices, (2) to the gaps rate of change, (3) to the gaps cumulative value over time, or (4) to some combination of these. While all four versions of Fishers rule deliver price stability in the model presented here, the first does so more promptly and smoothly than the others and outperforms a constant money-stock rule as well.
Economic Review , Volume 78 , Issue Nov , Pages 12-18

Journal Article
Economists help Fed president prepare for monetary policymaking
Humphrey, Thomas M. (1988-01)
Cross Sections , Issue Win , Pages 3-4

Journal Article
Fisherian and Wicksellian price-stabilization models in the history of monetary thought
Humphrey, Thomas M. (1990-05)
The policy models of Irving Fisher and Knut Wicksell posit rules by which central banks can stabilize general prices at a fixed target level over time. Wicksells model, however, requires some adjustment before it can deliver price stability.
Economic Review , Issue May , Pages 3-12

Journal Article
Some current controversies in the theory of inflation
Humphrey, Thomas M. (1976-07)
An abstract for this article is not available.
Economic Review , Volume 62 , Issue Jul , Pages 8-19

Journal Article
When geometry emerges: some neglected early contribution to offer-curve analysis
Humphrey, Thomas M. (1995-04)
Economic Quarterly , Issue Spr , Pages 39-74

Journal Article
The interest cost-push controversy
Humphrey, Thomas M. (1979-01)
An abstract for this article is not available
Economic Review , Volume 65 , Issue Jan , Pages 3-10