Book
The U.S. Economy in an Interdependent World: A Multi-country Model, Washington, DC: Federal Reserve Board, 1984 (with R. Berner, P. Clark, E. Hernandez-Cata, H. Howe, and S. Kwack). (Reviewed in Journal of Economic Literature, 1985; Journal of Int’l Economics, 1985; Journal of Policy Modeling, 1984; Journal of Int’l Money and Finance, 1986; Economic Journal, 1986)
Journal Articles and Book Chapters
“Children’s Well-Being, Adult Poverty, and Jobs of Last Resort,” The Journal of Children and Poverty, 18, 1, 55-80 (2012), with Anthony J. Mallon.
“Making the 1996 Welfare Reform Work: The Promise of a Job,” Journal of Poverty: 15: 2, 113-140 (2011), with Anthony J. Mallon. (Also available as #2010-3 in the Working Paper series of the National Poverty Center, Ford School of Public Policy, University of Michigan.)
“Promise of a Job: Reducing Poverty and Enhancing Children’s Future Opportunity,” (with Anthony J. Mallon), Spotlight on Poverty and Opportunity, April 19, 2010, Available at http://www.spotlightonpoverty.org/ExclusiveCommentary.aspx?id=6a9b8607-6aac-41d5-a495-66fce479f34f.
“Welfare Reform and the Well-Being of America’s Children,” published simultaneously in Challenge, January 2002, and Indicators: The Journal of Social Health, Winter 2001-2002.
“Comment on ‘Home Country Effects of Foreign Direct Investment’” in M. Blomstrom and L. Goldberg (eds.), Topics in Empirical Economics: A Festschrift in Honor of Robert Lipsey, Cambridge, MA: National Bureau of Economic Research, 2001.
"Politics, Economics, and Investment: Explaining Plant and Equipment Spending by U.S. Direct Investors in Argentina, Brazil, and Mexico," Journal of International Money and Finance, June 2000.
"On the Inverse of the Covariance Matrix in Portfolio Analysis," The Journal of Finance, October, 1998.
"Comment" on "Supplementing the Cross-Border Trade Accounts: Transactions Between Americans and Foreigners," (by R.E. Baldwin and F. Kimura), in Robert E. Baldwin, Robert E. Lipsey, and R. David Richardson, eds., Geography and Ownership as Bases for Economic Accounting, Chicago: University of Chicago Press, 1998.
"Exchange Rates and Foreign Direct Investment: A Note," Journal of Policy Modeling, June 1998.
"U.S. Direct Investment to Mexico: Politics, Economics, and NAFTA," Contemporary Economic Policy, April 1998.
"Comment" on "On the Impact of a Cut in the US Budget Deficit on the World Economy: A Simulation with the EPA World Model," in L. Klein and F. Lo, eds., Modelling Global Change, Tokyo, New York: United Nations University Press, 1995.
"Measurement Error in the Capital Stock and Its Effect on the Investment Function," Applied Economics, 26, January 1994.
"Internal Funds and the Investment Function," Southern Economic Journal, January 1994.
"Interactions between Domestic and Foreign Investment," Journal of International Money and Finance, February 1992 (with R.E. Lipsey).
"The Adequacy of Direct Investment Data," in P. Hooper and J. David Richardson, eds., International Economic Transactions: Issues in Measurement and Empirical Research, Chicago: University of Chicago Press, 1991 (with Lois Stekler).
"Developments and Prospects in Macroeconometric Modeling: A Comment," The Eastern Economic Journal, October-December 1989.
"The Structure and Properties of the Multi-Country Model," in B. Hickman, ed., Global International Econometric Models, Amsterdam and New York: North Holland, 1983 (with S. Kwack, R. Berner, P. Clark, E. Hernandez-Cata, H. Howe).
"Assessing International Interdependence with a Multi-Country Model," The Journal of Econometrics, (Supplement), January 1981 (with H. Howe, E. Hernandez-Cata, R. Berner, P. Clark, and S. Kwack).
"Modeling Bilateral Exchange Rates in a Multi-Country Model," in Proceedings of the Fourth Pacific Basin Central Bank Conference on Econometric Modeling, Tokyo: The Bank of Japan, 1980 (with R. Berner, P. Clark, E. Hernandez-Cata, P. Hooper, S. Kwack, and R. Tryon).
"Monetary Policy Under Alternative Exchange-Rate Regimes," in Managed Exchange-Rate Flexibility: The Recent Experience, Boston: Federal Reserve Bank of Boston, 1979 (with E. Hernandez-Cata, H. Howe, S. Kwack, R. Berner, and P. Clark).
"Comment" on "The Distributional Consequences of Direct Foreign Investment," (R.H. Frank and R.T. Freeman), Wm. Dewald, ed., The Impact of International Trade and Investment on Employment, Washington: U.S. Gov't Printing Office, 1978.
"Comment" on "The Effects of Exchange-Rate Adjustment on International Investment," in Peter B. Clark, D.E. Logue and R.J. Sweeney, eds., The Effects of Exchange Rate Adjustment, Washington: U.S. Gov't Printing Office, 1977.
"The Payments Impact of Foreign Investment Controls: Comment," The Journal of Finance, December 1976.
"The Multinational Firm and the Determinants of Investment," in J. Dunning, ed., The Multinational Firm and Economic Analysis, London: Allen & Unwin, 1974.
"On the Impact of Uncertainty on the Value and Investment of the Neoclassical Firm," American Economic Review, June 1974.
"The Trade Effects of Direct Investment," The Journal of Finance, May 1974, (with Michael Adler); reprinted in P.J. Buckley, ed., International Investment, (Int’l Library of Critical Writings in Economics), London: Aldershot, 1990.
"On Tobin's Multiperiod Portfolio Theorem," Review of Economic Studies, Oct. 1972.
"Capital Mobility and the International Firm," in Fritz Machlup et al., editors, The International Mobility and Movement of Capital, New York: National Bureau of Economic Research, 1972.
"Two Problems in Portfolio Analysis: Conditional and Multiplicative Random Variables," Journal of Financial and Quantitative Analysis, December 1971.
“Fixed Investment Expenditures of Foreign Manufacturing Affiliates of U.S. Firms: Theoretical Models and Empirical Evidence," Yale Economic Essays, Spring 1969.
Other Publications
"A Retreat on Children's Well-Being," Opinion/Essays Section, The Christian Science Monitor, Friday, Aug. 22, 1997, p. 18.
"U.S. International Transactions in 1996," Federal Reserve Bulletin, May 1997.
Book Review of Economics, Econometrics and the LINK, in International Journal of Forecasting, 12, 1996, pp. 559-566.
“On Risk, Rational Expectations, and Efficient Asset Markets,” (with Dara Akbarian), Board of Governors of the Federal Reserve System, International Finance Discussion Paper #478, 1994.
"U.S. International Transactions in 1989," Federal Reserve Bulletin, May 1990.
"Statement on International Investment Survey Act of 1975," in Hearings before the Subcommittee on Foreign Commerce and Tourism of the Committee on Commerce, U.S. Senate, 94th Congress, 2nd Session, Feb. 23 and 27, 1976.
"Statement on International Investment Survey Act of 1975," in Hearings before the Subcommittee on Foreign Commerce and Tourism of the Committee on Commerce, U.S. Senate, 94th Congress, 2nd Session, Feb. 23 and 27, 1976.
"Obtaining the Yield on a Standard Bond from a Sample of Bonds with Heterogeneous Characteristics," Staff Economic Study #77, Board of Governors of the Federal Reserve System, 1973 (with J. Kichline and P.M. Laub). Results published as "Yields on Newly Issued Corporate Bonds," Federal Reserve Bulletin, Sept. 1972.
“U.S. Direct Investment in Latin American: Some Economic and Political Determinants”, U.S. Agency for International Development Research Paper, June 1969.
“Corporate Dividend Payout Ratios and Target Ratios: Their Significance and Determination,” Cowles Foundation Discussion Paper #94, Cowles Foundation for Research in Economics at Yale University, October 1960.
Selected Unpublished and Partially Published Studies and Memoranda
To be filled in later