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Keywords:Gross national product 

Journal Article
International output comparisons

FRBSF Economic Letter

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

Discussion Paper
A Markov switching model of GNP growth with duration dependence

We use a regime-switching model of real GNP growth to examine the duration dependence of business cycles. The model extends Hamilton (1989) and Durland and McCurdy (1994) and is estimated using both the postwar NIPA data and the secular data constructed by Balke-Gordon. We find that an expansion is more likely to end at a young age, that a contraction is more likely to end at an old age, that output growth slows over the course of an expansion, that a decline in output is mild at the beginning of a contraction, and that long expansions are followed by long contractions. This evidence taken ...
Discussion Paper / Institute for Empirical Macroeconomics , Paper 124

Journal Article
Energy resources and potential GNP

Review , Volume 59 , Issue Jun , Pages 10-24

Journal Article
F.Y.I. effects of oil price shocks on measured GNP growth

Economic Review , Issue Sum , Pages 52-64

Journal Article
External adjustment and U.S. macroeconomic performance

Quarterly Review , Volume 13 , Issue Win , Pages 16-32

Working Paper
The uncertain unit root in real GNP

Finance and Economics Discussion Series , Paper 193

Journal Article
Forecasting growth in current quarter real GNP

Economic Review , Issue Win , Pages 39-52

Working Paper
The role of monetary and real shocks in near-permanent movements in GNP

Working Papers , Paper 90-20

Journal Article
Unresolved issues in monetary policy

Solomon held the office of president during a period of notably successful anti-inflationary monetary policy as well as rapid financial innovation and deregulation. In this speech, he discusses monetary strategy in particular the targeting of monetary aggregates, interest rates, and nominal GNP in light of trends in inflation and the uncertainties introduced by changing financial markets.
Quarterly Review , Issue Special , Pages 42-47



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Carlson, Keith M. 4 items

Tatom, John A. 4 items

Boschen, John F. 3 items

Kuttner, Kenneth N. 3 items

Mills, Leonard O. 3 items

Rush, Mark 3 items

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