Research

For software and data, click here.

Working Papers

• "The Coevolution of Central Banks and the Concept of Monetary Policy," Center for the History of Political Economy, CHOPE Working Paper No. 2023--04.
• "Selecting Instrumental Variables: A Graph-Theoretic Approach ."
  Coauthor:  Piyachart Phiromswad.

Forthcoming

  Selected Publications

• "Who Runs the AEA?" Journal of Economic Literature, 61(3), 1127–1171, 2023. https://doi.org/10.1257/jel.20221667. Coauthor: Andrej Svorenčík.
• "The Struggle for the Soul of Economics," Journal of Economic Methodology 30(2), 80-89, DOI: 10.1080/1350178X.2021.2010281
• "Models, Truth, and Analytic Inference in Economics,"” in John Davis, Bruce Caldwell, Uskali Mäki, and Esther-Mirjam Sent, editors. Methodology and History of Economics: Reflections with and without Rules. London: Routledge, 2022.
• "Karl Brunner’s Philosophy of Science:  Macroeconomics through the Lens of Logical Empiricism," in Thomas Moser and Marcel Savioz, editors. Karl Brunner and Monetarism.  Cambridge, MA:  MIT Press, 2022.
• “Review of Esteban Pérez Caldentey’s Roy Harrod,” Journal of the History of Economic Thought 44(1), March 2022..
• "Ricardian Inference: Charles S. Peirce, Economics, and Scientific Method," Transactions of the Charles S. Peirce Society, 56(4), Fall 2020, pp. 521-557.  Coauthor:  James Wible.
• "The Economics of Trade Liberalization: Charles S. Peirce and the Spanish Treaty of 1884," European Journal for the History of Economic Thought. DOI: 10.1080/09672567.2020.1805483, published online 12 August 2020.  Coauthor:  James Wible.
• "The Discovery of Long-Run Causal Order: A Preliminary Investigation," Econometrics 8(3), 31, 3 August 2020, pp. 1-25:  https://doi.org/10.3390/econometrics8030031 . Alternate link: https://https://www.mdpi.com/2225-1146/8/3/31
  An earlier working paper version titled "Long-run Causal Order: A Preliminary Investigation" contains material not included in the published version.
• "The Life you do Not Save: Reflections on the Causal Element in the Notion of a Decision’s Consequences: Comment," Journal of Institutional and Theoretical Economics 176(1), March 2020, pp. 169-174.
  
• "Craufurd D.W. Goodwin (1934-2017) ," History of Political Economy 51(1), pp. 1-98, 2019.
• "Keynes and Economics," History of Political Economy 51(:1), pp. 83-88, 2019.
• "Craufurd Goodwin:  Economist as Collector ," History of Political Economy 51(:1), pp. 187-191, 2019.
• "First Principles, Fallibilism, and Economics,” Synthese, November 2018, DOI https://doi.org/10.1007/s11229-018-02021-8 (share:  https://rdcu.be/bY29E).
• "A Countercultural Methodology:  Caldwell's Beyond Positivism at Thirty-five," Research in the History of Economic Thought and Methodology, 2018, pp. 9-17.  Published online 4 May 2018.  https://doi.org/10.1108/S0743-41542018000036A002
• A Review of A Few Hares to Chase: The Economic Life and Times of Bill Phillips by Alan Bollard.  on EH.Net:  http://eh.net/book_reviews/a-few-hares-to-chase-the-economic-life-and-times-of-bill-phillips/, January 2017.
• "Situational Analysis," in Lee McIntyre and Alex Rosenberg, editors.  The Routledge Companion to Philosophy of Social Science.  London:  Routledge, pp. 182-190.
• "The Crisis in Economic Theory:  A Review Essay," Journal of Economic Literature, 54(4), December 2016, pp. 1350–1361.  http://dx.doi.org/10.1257/jel.20151338
• "Solow's Harrod: Transforming Cyclical Dynamics into a Model of Long-run Growth," European Journal of the History of Economic Thought 23(4), 2016, pp. 561-596.  Coauthor:  Verena Halsmayer.  (Published online 26 January 2015.)  This paper incorporates most of an earlier unpublished paper, "Was Harrod Right?"
• "Mathematical Economics Comes to America:  Charles S. Peirce’s Engagement with Cournot’s Recherches sur les Principes Mathematiques de la Théorie des Richesses," Journal of the History of Economic Thought 37(4), 2015, pp. 511-536.   Coauthor:  James Wible.
• "Reductionism in Economics:  Intentionality and Eschatological Justification in the Microfoundations of Macroeconomics,"  Philosophy of Science 82(4), (October 2015), pp. 689-711.
• "The Genesis of Samuelson and Solow’s Price-Inflation Phillips Curve," History of Economics Review 61(Winter), 2015, pp. 1-16 .
        Data Set

• "The Genesis of Samuelson and Solow’s Price-Inflation Phillips Curve:  Rejoinder to Hall and Hart ," History of Economics Review 61(Winter), 2015, pp. 23-26 .
• "Trygve Haavelmo's Experimental Methodology and Scenario Analysis in a Cointegrated Vector Autoregression,"  Econometric Theory 31, 2015, pp. 249-274 . Coauthor:  Katarina Juselius.
• "The Ontological Status of Shocks and Trends in Macroeconomics," Synthese192(3), 2015, pp. 3509–3532. (DOI 10.1007/s11229-014-0503-5)
• "Macroeconomics, History of From 1933 to Present," in  James D. Wright, editor. International Encyclopedia of the Social & Behavioral Sciences, 2nd edition.  Amsterdam:  Elsevier, 2015, Pages 400-405.  [Despite what it says at the head of this article, it is completely original and in no way a revision of an article in the 1st edition of the encyclopedia by Margaret Schabas.]
• "In the Kingdom of Solovia:  The Rise of Growth Economics at MIT, 1956-1970," E. Roy Weintraub, editor. MIT and the Transformation of American Economics, History of Political Economy 46(supplement), December 2014, 198-228. Coauthor:  Mauro Boianovsky.
• "Man and Machine in Macroeconomics," Cahiers d'Economie Politique/Papers in Political Economy, 2014, 2(67), pp. 15-34.
• "On the Reception of Haavelmo's Econometric Thought," Journal of the History of Economic Thought 36(1), March 2014, 45-65. (Winner of the History of Economics Society's Prize for the Best Article in History of Economic Thought, 2015.)
• "Still Puzzling:  Evaluating the Price Puzzle in an Empirically Identified Structural Vector Autoregression," Empirical Economics 46(2), March 2014, 701-731 . Coauthors:  Selva Demiralp and Stephen J. Perez.
       Data Set;
       Data Documentation;
       Lag Length Tests for VAR;
       Basic SVAR Estimates;     
       Complete Basic Impulse Response Functions.
• "Foundations or Bridges?  A Review of J.E. King's The Microfoundations Delusion:  Metaphor and Dogma in the History of Macroeconomics," Erasmus Journal for the Philosophy of Economics 6(2), Autumn 2013, pp. 88-96.
• "The Role of Hypothesis Testing in the Molding of Econometric Models," Erasmus Journal for the Philosophy of Economics 6(2), Autumn 2013, pp. 42-65.

• "Identity, Structure, and Causal Representation in Scientific Models," in Hsiang-Ke Chao, Szu-Ting Chen, and Roberta Millstein, editors.  Mechanism and Causality in Biology and Economics, Dordrecht:  Springer, 2013, pp. 35-60.
• "Against Psychosis: A Review of Roman Frydman and Michael D. Goldberg’s Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State," Journal of Economic Methodology 20(1), March 2013, 69-75.
• "Rational Expectations:  Retrospect and Prospect:  A Panel Discussion with Michael Lovell, Robert Lucas, Dale Mortensen, Robert Shiller, and Neil Wallace," Macroeconomic Dynamics, 17, 1169–1192, 2013.

• "Review of Perry Mehrling’s The New Lombard Street:  How the Fed Became the Dealer of Last Resort."  Journal of the History of Economic Thought," 34(3), September 2012, 440-442.

• "Observing Shocks," in Harro Maas and Mary Morgan, editors. "Histories of Observation in Economics hardbound supplementary conference volume to History of Political Economy 44(supplement), pp. 226-249 .  Durham, NC:  Duke University Press, 2012.  Coauthor:  Pedro Garcia Duarte.
• “Causal Structure and Hierarchies of Models,”  Studies in History and Philosophy of Biological and Biomedical Sciences 43(4), December 2012, pp. 778-786 http://dx.doi.org/10.1016/j.shpsc.2012.05.007.
• “Microfoundational Programs,” in Pedro Garcia Duarte and Gilberto Lima Tadeu, editors.  Microfoundations Reconsidered:  The Relationship of Micro and Macroeconomics in Historical Perspective Cheltenham:  Edward Elgar, 2012, pp. 19-61. 
• "Pragmatism, Perspectival Realism, and Econometrics," in Aki Lehtinen, Jaakko Kuorikoski and Petri Ylikoski, editors.  Economics for Real: Uskali Mäki and the Place of Truth in Economics.  London:  Routledge, 2012, pp. 223-240.
• "Economic Theory and Causal Inference,"  Uskali Mäki, editor, Handbook of the Philosophy of Economics, volume 13 of Dov Gabbay, Paul Thagard, and John Woods, general editors.  Handbook of the Philosophy of Science. Amsterdam:  Elsevier/North-Holland, 2012, pp. 89-113.
• “Counterfactuals and Causal Structure,” in Phyllis McKay Illari, Federica Russo, and Jon Williamson, editors.  Causality in the Sciences.  Oxford University Press, 2011, pp. 338-360.
• “Craufurd Goodwin and History of Political Economy:  A Double Anniversary,” in History of Political Economic 43(2), Summer 2011, 247-256.

• “Minisymposium:  Methodological Implications of the Financial Crisis:  Introduction,” Journal of Economic Methodology 17(4), December 2010, 397-398.

• "Idealizing Reduction:  The Microfoundations of Macroeconomics," Erkenntnis 73(3), 2010, pp. 329-347 .
• "Worlds Apart?  A Review of Bernt P. Stigum’s Econometrics and the Philosophy of Economics:  Theory-Data Confrontations in Economics," in Ross B. Emmett and Jeff E. Biddle, editors.  Research in the History of Economic Thought and Methodology, Volume 28A, 2010, pp. 299-305.
• "Causal Pluralism and the Limits of Causal Analysis:  A Review of Nancy Cartwright's Hunting Causes and Using Them: Approaches in Philosophy and Economics," in Ross B. Emmett and Jeff E. Biddle, editors.  Research in the History of Economic Thought and Methodology, Volume 28A, 2010, pp. 381-395.
• "When is a Model Like a Thermometer?  A Review of Marcel Boumans's How Economists Model the World into Numbers," Journal of Economic Methodology 16(4), December 2009, 417–434.
• "Review of Francisco Louçã's The Years of High Econometrics:  A Short History of the Generation that Reinvented Economics,"Journal of the History of Economic Thought 32(1), March 2010, 137-139.
• "Probability and Structure in Econometric Models," in Logic, Methodology and Philosophy of Science:  Proceedings of the Thirteenth International Congress.  London:  College Publications, 2009, pp. 497-513.  For the older, longer, working paper verion with more worked out examples click here.
• Robert Solow and the Development of Growth Economics, Mauro Boianovsky and Kevin D. Hoover, editors; conference issue of History of Political Economy 41(supplement), Winter 2009, issued as hardbound volume, includes introduction "The Neoclassical Growth Model and 20th Century Economics," 1-23.  Coauthor:  Mauro Boianovsky.
• "Milton Friedman’s Stance:  The Methodology of Causal Realism," in Uskali Mäki, editor, The Methodology of Positive Economics: Milton Friedman’s Essay Fifty Years Later.  Cambridge:  Cambridge University Press, 2009, pp. 303-320.
• "How Can Econonomics be an Inductive Science?  A Review of Julian Reiss's Error in Economics: The Methodology of Evidence-Based Economics," Economics and Philosophy 25(2), July 2009, pp. 202-206 .
• "Review of Nancy Cartwright's Hunting Causes and Using Them:  Approaches in Philosophy and Economics," Journal of Economic Literature 47(2), June 2009, pp. 493-495.
• "Empirical Identification of the Vector Autoregression:  The Causes and Effects of U.S. M2," in Jennifer L. Castle and Neil N. Shephard, editors, The Methodology and Practice of Econometrics: A Festschrift in Honour of David F. Hendry.  Oxford:  Oxford University Press, 2009, pp. 37-58.
  Coauthors:  Selva Demiralp and Stephen J. Perez.
        Data Set;
        FIML Estimates of Fully Specified System; 
        Selected Impulse-response Function.
• "Microfoundations and the Ontology of Macroeconomics." in Harold Kincaid and Donald Ross, editors, Oxford Handbook of the Philosophy of Economic Science. Oxford: Oxford University Press, 2009; ch. 14, pp. 386-409..
• "The Vanity of the Economist:  A Comment on Peart and Levy's 'The Vanity of the Philosopher," American Journal of Economics and Sociology 67(3), July 2008, 445-453.  Also issued in book form in Laurence S. Moss, editor.  Social Inequality, Analytical Egalitarianism and the March Towards Eugenic Explanations in the Social Sciences.  Chichester:  Wiley-Blackwell, 2008, pp. 51-60.
• "A Bootstrap Method for Identifying and Evaluating a Structural Vector Autoregression", Oxford Bulletin of Economics and Statistics 70(4), 2008, 509-533. Coauthors:  Selva Demiralp and Stephen J. Perez.
• "Allowing the Data to Speak Freely:  The Macroeconometrics of the Cointegrated Vector Autoregression,"  American Economic Review 98(2),May 2008. 251-255. Coauthors: Søren Johansen and Katarina Juselius.
• "Sound and Fury:  McCloskey and Significance Testing in Economics," in Journal of Economic Methodology 15(1), March 2008, 1-37. Coauthor:  Mark V. Siegler.
  [McCloskey and Ziliak's rankings of individual papers in the American Economic Review from the 1980s and 1980s for their treatment of statistical significance.
   Papers omitted from McCloskey and Ziliak's two surveys of the American Economic Review. 
  An earlier draft of "Sound and Fury" with additional material. ]
  McCloskey and Ziliak replied to Hoover and Siegler in the March 2008 issue of the Journal of Economic Methodology.  Hoover and Siegler's rejoinder is:
  "The Rhetoric of 'Signifying Nothing':  A Rejoinder to Ziliak and McCloskey," in in Journal of Economic Methodology 15(1) , March 2008, 57-68.
• "Causality in Economics and Econometrics," in Steven N. Durlauf and Lawrence E. Blume, editors, The New Palgrave Dictionary of Economics, 2nd edition, Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. <http://www.dictionaryofeconomics.com/article?id=pde2008_C000569>
  doi:10.1057/9780230226203.0209
• "The Methodology of Econometrics,"  in Kerry Patterson, editor, Palgrave Handbook of Econometrics, vol I:  Theoretical Econometrics.  Houndsmill, Basinstoke, Hampshire:  Palgrave Macmillan, 2006, pp. 61-88.
• "Dr. Keynes:  Economic Theory in a Diagnostic Science," in Roger Backhouse and Bradley Bateman, editors, Cambridge Companion to Keynes.
• "A NeoWicksellian in a New Classical World:  The Methodology of Michael Woodford's Interest and Prices,"  Journal of the History of Economic Thought 28(2), June 2006, pp. 143-149..
• "The Past as Future:  The Marshallian Approach to Post-Walrasian Econometrics," in  David Colander, editor, Post Walrasian Macroeconomics: Beyond the Dyanamic Stochastic General Equilibrium Model.  Cambridge:  Cambridge University Press, 2006 . 
• The IS-LM Model:  Its Rise, Fall, and Strange Persistence, Kevin D. Hoover and Michel DeVroey, editors.  Supplement to the History of Political Economy, vol. 36, 2005.  Durham:  Duke University Press.  "Introduction," pp. 1-11.
• "Automatic Inference of the Contemporaneous Causal Order of a System of Equations," Econometric Theory, 21(1), 2005, pp. 69-77.

• "Quantitative Evaluation of Idealized Models in the New Classical Macroeconomics,” Martin R. Jones and Nancy Cartwright, editors. Idealization XII: Correcting the Model. Idealization and Abstraction in the Sciences. Poznan Studies in the Philosophy of Science and the Humanities, 2005.

• "Review of Sargent and Velde, The Big Problem of Small Change," Journal of the History of Economic Thought, 26(3), September 2004, 426-428.
• "Review of White, The History of Gold and Silver," Journal of the History of Economic Thought, 26(3), September 2004, 428-430.
• "Truth and Robustness in Cross-country Growth Regressions," Oxford Bulletin of Economics and Statistics 66(5), 2004, pp. 765-798.  Coauthor:  Stephen J. Perez.   
  Data Sets  for this paper.
• "Lost Causes," Journal of the History of Economic Thought, 26(2), 2004, pp. 149-164.
• "Searching for the Causal Structure of a Vector Autoregression," Oxford Bulletin of Economics and Statistics 65(supplement), 2003, pp. 745-767. Coauthor:  Selva Demiralp.
• “Some Causal Lessons from Macroeconomics,” Journal of Econometrics, 2003.
• "Nonstationary Time Series, Cointegration, and the Principle of the Common Cause,"   British Journal for the Philosophy of Science 54(4), pp. 527-551, 2003.
• "Cartwright's The Dappled World:  A Study of the Boundaries of Science:  Sublunary Clockmakers," in Warren Samuels and Jeff E. Biddle, editors.  Research in the History of Economic Thought and Methodology:  A Research Annual, 2003, pp. 255-261.
• "A History of Postwar Monetary and Macroeconomics" in Jeffrey Biddle, John Davis, and Warren Samuels (eds.) The Blackwell Companion to the History of Economic Thought.  Blackwell, 2002.
• "Econometrics and Reality," in Uskali Mäki (ed.) Fact and Fiction:  Models, Realism and Social Construction. Cambridge University Press, 2002. 
• "Measuring Causes:  Episodes in the Quantitative Assessment of the Value of Money,"  History of Political Economy, 33 (Annual Supplement), 2002, pp 137-161. Coauthor:  Michael Dowell.
• "Models All the Way Down:  Comments on Smith and Juselius," in Roger Backhouse and Andrea Salanti, editors. Macroeconomics and the Real World, Vol. 1: Econometric Techniques and Macroeconomics.  Oxford:  Oxford University Press, 2001.
• Causality in Macroeconomics.  Cambridge University Press, 2001.
• The Methodology of Empirical Macroeconomics.  Cambridge University Press, 2001.
• "Measuring Systematic Monetary Policy," Federal Reserve Bank of St. Louis Review, 83(4), July/August 2001, pp. 113-137.  Coauthor:  Oscar Jorda.
• "Taxing and Spending in the Long View:  The Causal Structure of U.S. Fiscal Policy After 1791," Oxford Economic Papers, vol. 52, no. 4, December 2000,  pp. 745-773.  Coauthor:  Mark V. Siegler.
• "Three Attitudes towards Data-mining,"  Journal of Economic Methodology, vol. 7, no. 2, June 2000, pp. 195-210.  (Abstract)  Coauthor:  Stephen J. Perez.
• "Teaching Macroeconomics While Taking Complexity Seriously,"  in David Colander, editor, The Complexity Vision and the Teaching of Economics.  Cheltenham:  Edward Elgar, 2000, pp. 189-199.
• "Data Mining Reconsidered:  Encompassing and the General-to-Specific Approach to Specification Search," Econometrics Journal, vol. 2, no. 2, 1999, pp. 1-25.  Coauthor:  Stephen J. Perez.  Data Set and Matlab Programs.
• “Technology Shocks or Colored Noise? Why Real-Business-Cycle Models Cannot Explain Actual Business Cycles,” Review of Political Economy, vol. 10, no. 3, 1998, pp. 299-327.  Coauthor:  Kevin D. Salyer.
• “Evaluating ‘Real Business Cycle Realizations 1925-1995’,” Carnegie-Rochester Conference Series on Economic Policy, 1997.
• “The Limits of Business Cycle Research: Assessing the Real-Business-Cycle Model,” Oxford Review of Economic Policy, 1997.  Coauthors: James E. Hartley and Kevin D. Salyer.
• "Is There a Place for Rational Expectations in Keynes's General Theory?" in C.G. Harcourt and P.A. Riach (eds.) A "Second Edition" of the General Theory," vol. 1.  London:  Routledge, 1997, pp. 219-237.
• "Some Suggestions for Complicating the Theory of Money," in Steven Pressman, editor. Interactions in Political Economy: Malvern After Ten Years." London: Routledge, pp. 204-216.
• "After the Revolution: Paul Samuelson and the Textbook Keynesian Model," in Allin R. Cottrell and Michael S. Lawlor (eds.) New Perspectives on Keynes.  Duke University Press, 1995, annual supplement to History of Political Economy 27, 1995, pp. 183 - 216.  Coauthor:  Kerry A. Pearce.
• "Why Does Methodology Matter for Economics?" Economic Journal, vol. 105, no. 430, May 1995, pp. 115-134.
• “Is Macroeconomics for Real?”  in Uskali Mäki, editor.  The Economic World View.  Cambridge:  Cambridge University Press, 2001.  Reprinted from The Monist, 1995.  Also reprinted in John B. Davis, editor, Recent Developments in Economic Methodology.  Aldershot:  Edward Elgar, 2006.

• “Facts and Artifacts:  Calibration and the Empirical Assessment of Real-Business-Cycle Models,”  Oxford Economic Papers, March 1995.

• "Relative Wages, Rationality, and Involuntary Unemployment in Keynes's Labor Market,"
  History of Political Economy 27(4),:Winter 1995, pp. 653 - 685.
• “In Defense of Data Mining: Some Preliminary Thoughts,” in Kevin D. Hoover and Steven M. Sheffrin, editors, Monetarism and the Methodology of Empirical Economics: Essays in Honor of Thomas Mayer, Aldershot: Edward Elgar, 1995, pp. 242-257.
• "Commentary" [on a paper by Stockman and Ohanian], Federal Reserve Bank of St. Louis Review 77(3), May/June 1995, pp. 27-32.  Stockman and Ohanian paper, pp. 3-26.
• “Six Queries on Idealization in an Empirical Context,” Idealization VI:  Poznan Studies in the Philosophy of Science and the Humanities, Bert Hamminga and Neil De Marchi, editors.  Amsterdam, Rodopi, 1994.
• "Post Hoc Ergo Propter Hoc:  An Evaluation of 'Does Monetary Policy Matter?' in the Spirt of James Tobin," Journal of Monetary Economics 34(1), 1994, pp. 47-73.   Coauthor:  Stephen J. Perez.
  A rejoinder to Christina and David Romer's reply to this paper:  "Money May Matter, But How Could You Know?"Journal of Monetary Economics 34(1), 1994, pp. 89-99.   Coauthor:  Stephen J. Perez.  
• "Pragmatism, Pragmaticism, and Economic Method," in Roger Backhouse (ed.) New Directions in Economic Methodology.  London:  Routledge, 1994, pp. 286-315.
• “Econometrics as Observation: The Lucas Critique, Causality and the Nature of Econometric Inference,” Journal of Economic Methodology, June 1994. Reprinted in Daniel M. Hausman, editor. The Philosophy of Economics, 3rd. ed. Cambridge: Cambridge University Press, 2008.
• "Causality and Temporal Order in Macroeconomics or Why Even Economists Don't Know How to Get Causes from Probabilities,"  British Journal for the Philosophy of Science 44(4), December 1993, 693- 710.
• "The Rational Expectations Revolution:  An Assessment," The Cato Journal 12(1), Spring/Summer 1992, pp. 81-106.
• "Causation,Spending, and Taxes:  Sand in the Sandbox or Tax Collector for the Welfare State?" American Economic Review 82(1), March 1992, pp. 225-248.  Coauthor: Steven Sheffrin.
• “Mirowski's Screed: A Review of Philip Mirowski, More Heat Than Light: Economics as Social Physics, Physics as Nature's Economics,” Methodus, June 1991, pp. 139-145.
• “The Causal Direction Between Money and Prices: An Alternative Approach,” Journal of Monetary Economics, June 1991.

• “Scientific Research Program or Tribe?  A Joint Appraisal of Lakatos and the New Classical Macroeconomics,” in Appraising Economic Theories:  Studies in the Application of the Methodology of Research Programs,  Mark Blaug and Neil de Marchi, editors.  Aldershot:  Edward Elgar, 1991.

• Hoover, K. (1990). "Review of Nancy Cartwright's Nature's Capacities and Their Measurement,".  Economics and Philosophy, 6(2), 309-315. doi:10.1017/S0266267100001280
• "The Logic of Causal Inference:  Econometrics and the Conditional Analysis of Causation,"  Economics and Philosophy 6(1), October 1990, pp. 207-234.  DOI: https://doi.org/10.1017/S026626710000122X   Published online: 01 December 2008, pp. 207-234.
• "On the Pittfalls of Untested Common-Factor Restrictions: The Case of the Inverted Fisher Hypothesis," Oxford Bulletin of Economics and Statistics, May 1988, 50(2), pp. 125-38.
• “Money, Prices and Finance in the New Monetary Economics,” Oxford Economic Papers N.S. 40(1), pp. 150-167, March 1988.
• "Two Types of Monetarism," Journal of Economic Literature, vol. 22, no. 1 March 1984, pp. 58-76.
• "Methodology: A Comment on Frazer and Boland, II," American Economic Review, vol. 74, no. 4, September 1984, pp. 789-792.
• “Classical Reflections on the Deficit,” Federal Reserve Bank of San Francisco Weekly Letter, October 14, 1983.  Reprinted in Ben Bernanke, editor, Readings and Cases in Macroeconomics.  New York:  McGraw-Hill, 1987.  Coauthor:  Joseph Bisignano.
• “Some Suggested Improvements to a Simple Portfolio Balance Model of Exchange Rate Determination with Special Reference to the U.S. Dollar/Canadian Dollar Rate,” Weltwirtschaffliches Archiv, vol. 118, no. 1, 1982, pp. 19-38.  Coauthor: Joseph Bisignano.

• “Monetary and Fiscal Impacts on Exchange Rates,” Federal Reserve Bank of San Francisco Economic Review, Winter 1982.  Co-author:  Joseph Bisignano. 

• "Abduction and the New Riddle of Induction," The Monist vol. 63, no. 3, July 1980, pp. 329-341.  Coauthor:  James F. Harris.
  
  

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