Writings By Subject
Capital Flows and Balance of Payments
The U.S. Economy in an Interdependent World: A Multi-country Model, Washington, DC: Federal Reserve Board, 1984
"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.
"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).
"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).
"The Payments Impact of Foreign Investment Controls: Comment," The Journal of Finance, December 1976.
"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.
"U.S. International Transactions in 1996," Federal Reserve Bulletin, May 1997.
"U.S. International Transactions in 1989," Federal Reserve Bulletin, May 1990.
Data: Problems & Recommendations
The U.S. Economy in an Interdependent World: A Multi-country Model, Washington, DC: Federal Reserve Board, 1984
"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.
"Measurement Error in the Capital Stock and Its Effect on the Investment Function," Applied Economics, 26, January 1994.
"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).
"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).
"The Multinational Firm and the Determinants of Investment," in J. Dunning, ed., The Multinational Firm and Economic Analysis, London: Allen & Unwin, 1974.
"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.
“Fixed Investment Expenditures of Foreign Manufacturing Affiliates of U.S. Firms: Theoretical Models and Empirical Evidence," Yale Economic Essays, Spring 1969.
"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.
Development, Economic
"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.
"U.S. Direct Investment to Mexico: Politics, Economics, and NAFTA," Contemporary Economic Policy, April 1998.
Direct Investment: see Multinational Firm
Econometric Models: General & Multi-Country
The U.S. Economy in an Interdependent World: A Multi-country Model, Washington, DC: Federal Reserve Board, 1984
"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.
"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).
Book Review of Economics, Econometrics and the LINK, in International Journal of Forecasting, 12, 1996, pp. 559-566.
Equal Opportunity
“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.
“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.
"A Retreat on Children's Well-Being," Opinion/Essays Section, The Christian Science Monitor, Friday, Aug. 22, 1997, p. 18.
Exchange Rates
The U.S. Economy in an Interdependent World: A Multi-country Model, Washington, DC: Federal Reserve Board, 1984
"Exchange Rates and Foreign Direct Investment: A Note," Journal of Policy Modeling, June 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.
"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 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.
"U.S. International Transactions in 1996," Federal Reserve Bulletin, May 1997.
"U.S. International Transactions in 1989," Federal Reserve Bulletin, May 1990.
Firm, Theory of
The U.S. Economy in an Interdependent World: A Multi-country Model, Washington, DC: Federal Reserve Board, 1984.
"Internal Funds and the Investment Function," Southern Economic Journal, January 1994.
"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.
“Fixed Investment Expenditures of Foreign Manufacturing Affiliates of U.S. Firms: Theoretical Models and Empirical Evidence," Yale Economic Essays, Spring 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.
Finance: Corporate Dividends & Internal Funds
"Internal Funds and the Investment Function," Southern Economic Journal, January 1994.
"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.
“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.
Forecasting & Simulation
The U.S. Economy in an Interdependent World: A Multi-country Model, Washington, DC: Federal Reserve Board, 1984
"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.
"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).
Book Review of Economics, Econometrics and the LINK, in International Journal of Forecasting, 12, 1996, pp. 559-566.
Gov't Policy, Effects of
The U.S. Economy in an Interdependent World: A Multi-country Model, Washington, DC: Federal Reserve Board, 1984
"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.
"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).
"The Payments Impact of Foreign Investment Controls: Comment," The Journal of Finance, December 1976.
"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.
"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.
Investment: P&E of the Firm
"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.
"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).
"On the Impact of Uncertainty on the Value and Investment of the Neoclassical Firm," American Economic Review, June 1974.
"The Multinational Firm and the Determinants of Investment," in J. Dunning, ed., The Multinational Firm and Economic Analysis, London: Allen & Unwin, 1974.
“Fixed Investment Expenditures of Foreign Manufacturing Affiliates of U.S. Firms: Theoretical Models and Empirical Evidence," Yale Economic Essays, Spring 1969.
Interdependence, International
The U.S. Economy in an Interdependent World: A Multi-country Model, Washington, DC: Federal Reserve Board, 1984
"U.S. Direct Investment to Mexico: Politics, Economics, and NAFTA," Contemporary Economic Policy, April 1998.
"Interactions between Domestic and Foreign Investment," Journal of International Money and Finance, February 1992 (with R.E. Lipsey).
"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.
"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).
Book Review of Economics, Econometrics and the LINK, in International Journal of Forecasting, 12, 1996, pp. 559-566.
Job Programs: See Unemployment
Mathematical Proofs & Derivations
The U.S. Economy in an Interdependent World: A Multi-country Model, Washington, DC: Federal Reserve Board, 1984
"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.
"Internal Funds and the Investment Function," Southern Economic Journal, January 1994.
"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.
"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.
"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.
“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.
Multinational Firm & Direct Foreign Investment
& Capital Flows
"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.
"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.
"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.
& Country Effects
"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.
"U.S. Direct Investment to Mexico: Politics, Economics, and NAFTA," Contemporary Economic Policy, April 1998.
“Fixed Investment Expenditures of Foreign Manufacturing Affiliates of U.S. Firms: Theoretical Models and Empirical Evidence," Yale Economic Essays, Spring 1969.
“U.S. Direct Investment in Latin American: Some Economic and Political Determinants”, U.S. Agency for International Development Research Paper, June 1969.
& Exchange Rates
"Exchange Rates and Foreign Direct Investment: A Note," Journal of Policy Modeling, June 1998.
"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.
& Expropriation
"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.
& Gov't Programs, Impacts of
"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.
"U.S. Direct Investment to Mexico: Politics, Economics, and NAFTA," Contemporary Economic Policy, April 1998.
"The Payments Impact of Foreign Investment Controls: Comment," The Journal of Finance, December 1976.
"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.
& General
"U.S. International Transactions in 1989," Federal Reserve Bulletin, May 1990.
& Investment (P&E)
"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.
"U.S. Direct Investment to Mexico: Politics, Economics, and NAFTA," Contemporary Economic Policy, April 1998.
"Interactions between Domestic and Foreign Investment," Journal of International Money and Finance, February 1992 (with R.E. Lipsey).
"The Multinational Firm and the Determinants of Investment," in J. Dunning, ed., The Multinational Firm and Economic Analysis, London: Allen & Unwin, 1974.
"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.
“Fixed Investment Expenditures of Foreign Manufacturing Affiliates of U.S. Firms: Theoretical Models and Empirical Evidence," Yale Economic Essays, Spring 1969.
“U.S. Direct Investment in Latin American: Some Economic and Political Determinants”, U.S. Agency for International Development Research Paper, June 1969.
& Political Factors
"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.
"U.S. Direct Investment to Mexico: Politics, Economics, and NAFTA," Contemporary Economic Policy, April 1998.
“U.S. Direct Investment in Latin American: Some Economic and Political Determinants”, U.S. Agency for International Development Research Paper, June 1969.
& Trade
“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.
"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.
"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.
"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.
& U.S. and/or Home Country Operations, Interactions with
“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.
"Interactions between Domestic and Foreign Investment," Journal of International Money and Finance, February 1992 (with R.E. Lipsey).
"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.
“Fixed Investment Expenditures of Foreign Manufacturing Affiliates of U.S. Firms: Theoretical Models and Empirical Evidence," Yale Economic Essays, Spring 1969.
Portfolio Choice
"On the Inverse of the Covariance Matrix in Portfolio Analysis," The Journal of Finance, October, 1998.
"On Tobin's Multiperiod Portfolio Theorem," Review of Economic Studies, Oct. 1972.
"Two Problems in Portfolio Analysis: Conditional and Multiplicative Random Variables," Journal of Financial and Quantitative Analysis, December 1971.
“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.
Poverty
“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.
Children: Health, Equal Opportunity, Well-Being
“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.
"A Retreat on Children's Well-Being," Opinion/Essays Section, The Christian Science Monitor, Friday, Aug. 22, 1997, p. 18.
Risk and Uncertainty
"Internal Funds and the Investment Function," Southern Economic Journal, January 1994.
"On the Inverse of the Covariance Matrix in Portfolio Analysis," The Journal of Finance, October, 1998.
"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.
"Two Problems in Portfolio Analysis: Conditional and Multiplicative Random Variables," Journal of Financial and Quantitative Analysis, December 1971.
“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.
Unemployment & Job Programs
“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.)
“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 "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.
Welfare: Justice, Inequality, etc.
“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.
"A Retreat on Children's Well-Being," Opinion/Essays Section, The Christian Science Monitor, Friday, Aug. 22, 1997, p. 18.
Welfare Reform in the United States
“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.)
“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.
"A Retreat on Children's Well-Being," Opinion/Essays Section, The Christian Science Monitor, Friday, Aug. 22, 1997, p. 18.
Trade, International
The U.S. Economy in an Interdependent World: A Multi-country Model, Washington, DC: Federal Reserve Board, 1984
“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.
"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.
"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).
"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.
"U.S. International Transactions in 1996," Federal Reserve Bulletin, May 1997.
"U.S. International Transactions in 1989," Federal Reserve Bulletin, May 1990.
Efficient Markets
“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.
& Finance
"Interactions between Domestic and Foreign Investment," Journal of International Money and Finance, February 1992 (with R.E. Lipsey).
"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.