Search Results
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.
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.
Working Paper
Estimating total factor productivity in a generalized cost system
A description of two ways of adding an equation for total factor productivity to the generalized cost system of Atkinson and Halvorsen; includes a discussion of testing for regulatory biases.
Journal Article
Stochastic interest rates in the aggregate life cycle of permanent income cum rational expectations model
An estimation of a life cycle cum rational expectations model that allows for uncertain future interest rates. The results show that the model is strongly rejected using post World War II U.S. data.
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.
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
The effect of regulation on Ohio electric utilities
An estimation of the regulatory impact on technical change in the electric utility industry, indicating that regulation retarded the rate of technical change experienced by a sample of Ohio electric utilities over the 1965 to 1982 period.
Working Paper
A test of two views of the regulatory mechanism: Averch-Johnson and Joskow
A test of the Averech-Johnson and the Joskov models of the electric utility regulatory process.
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.
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.