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Journal Article
Solving the 1980s' velocity puzzle: a progress report
Thornton, Daniel L.; Stone, Courtenay C. (1987-08)
Review , Issue Aug , Pages 5-23

Journal Article
Targeting M2: the issue of monetary control
Thornton, Daniel L. (1992-07)
Review , Issue Jul , Pages 23-35

Journal Article
A history of the asymmetric policy directive
Wheelock, David C.; Thornton, Daniel L. (2000-09)
Review , Volume 82 , Issue Sep , Pages 1-16

Journal Article
Negating the inflation potential of the Fed's lending programs
Thornton, Daniel L. (2009)
The sale of typical securities would force the Fed to contract its lending programs, whereas the sale of Fed bills would not.
Economic Synopses

Journal Article
Monetizing the debt
Thornton, Daniel L. (2010)
A more interesting and economically relevant definition of "monetizing the debt" is based on the Fed's motivation rather than its actions.
Economic Synopses

Journal Article
Why is output growth so slow?
Thornton, Daniel L. (2013)
The excess supply of commercial and residential real estate might explain why the historically low nominal and real interest rates have had relatively little effect on stimulating investment.
Economic Synopses

Journal Article
The Fed, liquidity, and credit allocation
Thornton, Daniel L. (2009-01)
The current financial turmoil has generated considerable discussion of liquidity. Moreover, it has been widely reported that the Federal Reserve played a major role in supplying liquidity to financial markets during this distressed time. This article describes two ways in which the Fed has supplied liquidity since late 2007. The first is traditional: The Fed supplies liquidity by providing credit through open market operations and by lending to depository institutions at the so-called discount window. The second is by enhancing the liquidity of portfolios of some institutions by replacing ...
Review , Volume 91 , Issue Jan , Pages 13-22

Journal Article
The discount rate, interest rates and foreign exchange rates: an analysis with daily data
Thornton, Daniel L.; Batten, Dallas S. (1985-02)
Review , Volume 67 , Issue Feb , Pages 22-30

Working Paper
The real-balance effect with resource-using money: a capital-theoretic interpretation
Thornton, Daniel L. (1983)
Working Papers , Paper 1983-010

Journal Article
The downside of quantitative easing
Thornton, Daniel L. (2010)
Current excess reserves could create a massive increase in the money supply if banks significantly increase their lending or investing.
Economic Synopses

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