Search Results
Journal Article
Implications of a tariff on oil imports
An examination of the possible positive and negative effects that could result from a hypothetical $10 per barrel increase in tariffs on crude oil and refined oil products.
Working Paper
Bankruptcy in the life-cycle consumption model
An analysis assessing the sensitivity of consumption to income using a life-cycle model of consumption that incorporates the possibility of bankruptcy.
Working Paper
Stochastic interest rates in the aggregate life cycle/permanent income cum rational expectations model
An estimation of the life cycle/permanent income model with rational expectations that allows for uncertain future interest rates. Results provide ample evidence to reject this form of model during the postwar period.
Journal Article
Recent changes in the consumer bankruptcy laws
A discussion of the effects of, and apparent problems caused by, the Bankruptcy Reform Act of 1978, with a look at the likely impact of the 1984 amendments to the Act.
Journal Article
The outlook for inflation
A look at whether we can have an economic recovery without reaccelerating inflation. The authors consider past behavior of prices, wages, capacity utilization, and productivity growth in their analysis.
Journal Article
Home equity lines: characteristics and consequences
A discussion of the possible impact of home equity lines of credit on the variability of total consumer spending and borrowing, with comment on the potential growth of home equity lending and its affect on consumers and lenders.
Journal Article
Will the dollar's decline help Ohio manufacturers?
An analysis of the wage, productivity, and competitive factors that might prevent Ohio manufacturers from getting full benefit from the sharp drop in the foreign-exchange value of the dollar.
Journal Article
The difficulty in explaining postwar stability
A discussion of the business cycle before and after the Second World War, with a survey and critique of major arguments used to explain superior postwar economic stability.
Journal Article
Personal bankruptcy: theory and evidence
An evaluation of the impact of the new bankruptcy code, effective in 1979, on the number of personal bankruptcy filings in the United States.
Journal Article
The strength of consumer balance sheets
A discussion of the 1979 to 1981 overall reduction in consumer debt and of its possible impact on the economy, with a summary of asset characteristics, and an analysis of changes in consumer balance sheets.