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Author:Thornton, Daniel L. 

Journal Article
The funds rate target and interest rates

Monetary Trends , Issue Sep

Journal Article
The federal debt: too little revenue or too much spending

The rise in the national debt... is entirely a consequence of the federal government?s increase of expenditures without an offsetting increase in revenues.
Economic Synopses

Journal Article
A proposal for improving forward guidance

Our approach offers several advantages over LSAPs as a financial mechanism to enhance forward guidance.
Economic Synopses

Journal Article
Tax rates and revenue since the 1970s

Before 2000, the tax burden shifted from the lowest 80% of earners to the highest 20%; since 2000, the burden has shrunk for all groups, but more so for the highest earners.
Economic Synopses

Journal Article
The FOMC in 1981: monetary control in a changing financial environment

Review , Volume 64 , Issue Apr , Pages 3-22

Journal Article
The FOMC’s interest rate policy: how long is the long run?

The only outcome consistent with the Fisher equation holding and the FOMC?s zero interest rate policy is that the ?long run? is considerably longer than 4.5 years.
Economic Synopses

Journal Article
Solving the 1980s' velocity puzzle: a progress report

Review , Issue Aug , Pages 5-23

Journal Article
Lagged and contemporaneous reserve accounting: an alternative view

Review , Volume 65 , Issue Nov , Pages 26-33

Journal Article
The borrowed-reserves operating procedures: theory and evidence

Review , Issue Jan , Pages 30-54

Journal Article
The effect of monetary policy on short-term interest rates

Review , Issue May , Pages 53-72

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