PUBLICATIONS - ARTICLES:
 

•  "What's Different Among Banks?" Journal of Monetary Economics, 41(1998) 57-70. Co-Author Bill McDonald.
•   “Risk Averse Behavior and Normal Employment,” Perspectives on Money, Sanjeev Joshi Editor, Reserve Bank of India Endowment Unit. Co-Author G. Subrahmanyam.
• "Intermediation," Economica, 63 (1996) 131-143.
• "Is the Conventional View of Discount Window Borrowing Consistent with the Behavior of Weekly Reporting Banks?" Review of Economics and Statistics, 76 (1994) 761-770. Co-Author Richard G. Sheehan.
• "Inflation Variability and Gradualist Monetary Policy." Review of Economic Studies, 61 (1994) 721-738. Co-Author Ronald J. Balvers.
• "Federal Reserve Operating Procedure 1984-1991: An Empirical Analysis." Journal of Macroeconomics, 16 (1994) 573-588. Co-Author Richard G. Sheehan.
• "Central Bank Secrecy, Interest Rates and Monetary Control." Economic Inquiry 31 (July 1993) 370-382. Co-Author John B. Van Huyck.
• "Periodic Learning with A Hidden State Variable." Journal of Economic Dynamics & Control 17 (1993) no. 5-6 805-828. Co-Author Ronald J. Balvers.
• "DIDMCA and Bank Market Risk: Theory and Evidence." Journal of Banking and Finance 16 (November 1992) 1179-1193. Co-Authors Thomas P. Bundt and John A. Halloran.
• "Actively Learning About Demand and the Dynamics of Price Adjustment."  Economic Journal 100 (September 1990) 882-898. Co-Author Ronald J. Balvers.
• "Predicting Stock Returns in an Efficient Market."  Journal of Finance 45 (September 1990) 1109-1128. Co-Authors Ronald J. Balvers and Bill McDonald.
• "Choosing Sides in Matching Games: Nash Equilibria and Comparative Statics."  Economica 57 (August 1990) 283-294. Co-Author Michael R. Baye.
• "Dynamic Monetary Control and Interest Rate Stabilization." Journal of Monetary Economics 23 (January 1989) 53-63. Co-Author John B. Van Huyck.
• "Spatial Competition with Free Entry, Chamberlinian Tangencies, and Social Efficiency:  A Reevaluation."  Journal of Urban Economics 26 (July 1989) 84-89. Co-Author Bruce L. Benson.
• "Estimates of the Variance of U.S. Inflation Based Upon the ARCH Model: a comment."  Journal of Money, Credit, and Banking 20 (August 1988) 409-421. Co-Author Dennis W. Jansen.
• "The Banking Industry under Uncertain Monetary Policy." Journal of Banking and Finance 12 (March 1988) 117-139.
• "Federal Reserve Policy 1975 - 1985:  An Empirical Analysis." Journal of Macroeconomics  10 (Winter 1988) 27-47. Co-Author Dennis W. Jansen.
• "The Relation Between Money Growth Variability and the Variability of Money About Target." Economics Letters 25 (1987) 355-358. Co-Author Dennis W. Jansen.
• "The Federal Funds Market under Bank Deregulation."  Journal of Money, Credit, and Banking 19 (August 1987) 326-339.
• "Reserve Accounting and Variability in the Federal Funds Market." Journal of Money, Credit, and Banking 19 (May 1987) 199-209.
• "Erratic Monetary Policy and the Dispersion of Commodity Prices." Journal of Macroeconomics 8 (Spring 1986) 201-212. Co-Author Michael R. Baye.
• "Erratic Monetary Policy and Price Variability." Journal of Macroeconomics 7 (Summer 1985) 313-331.
• "The Incentive to Adopt Cost Reducing Innovation in the Presence of a Non-Linear Demand Curve." Southern Economic Journal 47 (July 1981) 97-104.
• "Money and Biased Technical Progress." Journal of Monetary Economics 5 (October 1979) 497-504. Co-Author G. Subrahmanyam.

The Changing Distribution of Income in an Open US Economy, Edited by Jeffery H. Bergstrand, Thomas F. Cosimano, John W. Houck and Richard G. Sheehan, published in the series Contributions to Economic Analysis, Edited by D. W. Jorgenson and J. J. Laffont by Elsevier Science Punlishers B.V. 1994.

•  "The Intertemporal Holding of Commodity Inventories and Money Under Uncertainty and Transactions Cost (An Argument for Price Stability)."  Presented at Econometric Society Meetings in New York City, December 28, 1982.
• "Risk Averse Behavior and Normal Employment," Presented at Southern Economic Meetings in Washington, D.C.  November 21, 1983.
• "The Dynamics of a One-Commodity Market with Habit Persistence:  An Apology for Marshallian Dynamics," Co-Author James M. Holmes.  Presented at Southern Economic Meetings in Washington, D.C.  November 21, 1983.
• "The Banking Firm and Industry under Uncertain Monetary Policy." NBER conference on Money and Financial Markets, April 27, 1985.
• "Federal Reserve Policy Under Bank Deregulation," 5th World Congress of Econometric Society, August 22, 1985, Federal Reserve Bank of Richmond, October 1985, Board of Governors of the Federal Reserve, January 1986, and Federal Reserve Bank of Kansas City, July 1986.
• "Search and Matching Equilibria When the Side of the Match is Endogenous."  Presented at Southern Economic Association Meeting in New Orleans, November 1986 and Econometric Society Meeting in New Orleans, December 1986.
• "Dynamic Monetary Control and Interest Rate Stabilization." Presented at Econometric Summer Meetings in San Francisco, June 1987.
• "Predicting Stock Returns in an Efficient Market: Theory and Evidence." Co-Authors Ronald J. Balvers and Bill McDonald. Presented at Texas A&M University, November 1988, Michigan State University, October 1989,  Federal Reserve Bank of New York, October 1989 and State University of New York at Buffalo, May 1990.
• "Central Bank Secrecy, Interest Rates and Monetary Control." Co-Author John B. Van Huyck. Presented at Southern Economic Association Meeting in San Antonio, TX, November 1988, Indiana University, October 1988, and American Economic Association Meeting in Atlanta, GA, December 1989.
• "Is the Conventional View of Discount Window Borrowing Consistent with the Behavior of Weekly Reporting Banks?" Presented at Southern Economic Association Meeting in New Orleans, LA, November 1990. Southern Methodist University, December 1990, and The Federal Reserve Bank of Dallas, December 1990.
• "Periodic Learning with A Hidden State Variable." Co-Author Ronald J. Balvers.  Presented at The Pennsylvania State University, October 1991, and Indiana University, December 1991.
• "A Pure Theory of Intermediation." Presented at Midwest Mathematical Economic Association meeting Pittsburgh, October 1992.
• "Deaton's Paradox and the Predictability of Asset Returns in an Efficient Market." Co-Author Ralph Chami. Presented at University of Kentucky, May 1993, and The Econometric Society meeting in Boston, January 1994.
• "A Unified Theory of Consumption Smoothing and Asset Returns in an Efficient Market." Co-Author Ralph Chami. Present at The Ohio State University, March 1994, and State University of New York at Buffalo, November 1994.
• "To Give or Not to Give? An Exploration into the Causes and Consequences of Short Investment Horizons." Co-Author Ralph Chami. Presented at Midwest Mathematical Economic Association meeting The Pennsylvania State University, October 1994.
• "Liquidity Effects and Asset Pricing in a General Equilibrium Model with Production," Co-Authors Ralph Chami and James D. Peterson. Presented at The Econometrica Society meeting in Washington, D. C., January 1995.
• “Persistent Liquidity Effects and Asset Pricing in a General Equilibrium Model with Production,” Co-Authors Ralph Chami and James D. Peterson. Presented at Federal Reserve Bank of Chicago March 1996, Midwest Macroeconomic Meetings at The Pennsylvania State University, April 1997, Texas A&M University May, 1997 and Federal Reserve Bank of Dallas May, 1997.
• “On Consumption Growth in Stochastic Growth Models with Correlated Productivity Shocks,” Co-Author Ralph Chami. Presented at Midwest Macroeconomic Meetings at The Ohio State University October, 1996 "
• "On Consumption Growth in Stochastic Growth Models,” Co-Author Ralph Chami. Presented at Midwest Economic Theory Meetings at Northwestern University June, 1997.
• “An Examination of Retail Deposit Rate Setting by Large Finanical Institutions,” Co-Authors Connel Fullenkamp and Richard G. Sheehan, Midwest Macroeconomic Meetings at The University of Notre Dame October, 1997. Presented at the St.Louis Federal Reserve Bank, October 1998.
• “Empirical Implementation of a Wang Style Model of Stock Trading Volumne,” Co-Authors Connel Fullenkamp and Paula Tkac. Presented at Econometric Society meetings in New Orleans, January 1997.
• “Ownership of Capital in Monetary Economies and the Inflation Tax on Equity,” Co-Authors Ralph Chami and Connel Fullenkamp. Presented at Western Michigan University, February 1998. Presented at Midwest Macroeconomic Meeting at St. Louis Federal Reserve Bank,Western Economic Association Meeting in Lake Tahoe, Purdue University and Indiana University April 1999. Federal Reserve Bank of Cleveland May 1999.
• “Can an Equity Market Account for the Predictability of Asset Returns?” Co-Author Ralph Chami. Presented at Midwestern Macroeconomic Association Meeting at Indiana University, October 1998.