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Author:Rush, Mark 

Working Paper
The effect of changes in reserve requirements on investment and GNP

This paper provides evidence on the importance of the credit channel in the transmission of monetary policy. Changes in reserve requirements are used to measure "credit shocks." Reserve requirement changes are often made for regulatory reasons, and hence provide a more exogenous measure of credit shocks than the measures used in previous tests. To distinguish between the "money" and "credit" channels, the significance of the reserve requirements variable is studied in an empirical model that includes other monetary aggregates (either the monetary base or M1). We find that an increase in ...
International Finance Discussion Papers , Paper 471

Journal Article
Stock market dispersion and business cycles

Economic Perspectives , Volume 15 , Issue Jan , Pages 2-8

Working Paper
Stock market dispersion and real economic activity: evidence from quarterly data

Working Paper Series, Macroeconomic Issues , Paper 90-15

Working Paper
Sectoral shifts in interwar Britain

Working Paper Series, Macroeconomic Issues , Paper 90-7

Working Paper
The effect of changes in reserve requirements on investment and GNP

Working Paper Series, Macroeconomic Issues , Paper 91-21

Journal Article
Real business cycles

Economic Review , Volume 72 , Issue Feb , Pages 20-32

Journal Article
Overstated effects from tax reform?

Financial Letters , Issue Sep

Working Paper
Cointegration: how short is the long run?

Research Working Paper , Paper 90-08

Working Paper
Market efficiency and cointegration

Research Working Paper , Paper 87-05

Working Paper
The marginal income tax rate schedule from 1930 to 1990

Research Working Paper , Paper 93-12

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