Volume 29, Number 1
February 1997
ARTICLES
Robert J. Hodrick and Edward C. Prescott, "Postwar
U.S. Business Cycles: An Empirical Investigation," pp. 1-16
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Dieter Nautz, "How Auctions Reveal Information: A
Case Study on German REPO Rates," pp. 17-25
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Argia M. Sbordone, "Interpreting the Procyclical
Productivity of Manufacturing Sectors: External Effects or Labor Hoarding?"
pp. 26-45
Matthew B. Conzoneri, Charles Nolan, and Anthony
Yates, "Mechanisms for Achieving Monetary Stability: Inflation Targeting
versus the ERM," pp. 46-60
Victor E. Li, "The Efficiency of Monetary Exchange
in Search Equilibrium," pp. 61-72
David B. Humphrey and Lawrence B. Pulley, "Banks'
Responses to Deregulation: Profits, Technology, and Efficiency," pp. 73-93
David Chappell and Kevin Dowd, "A Simple Model
of the Gold Standard" pp. 94-105
Tahir Andrabi, "Seignorage, Taxation, and Weak
Government" pp. 106-126
Edwin G. West, "Adam Smith's Support for Money
and Banking Regulation: A Case of Inconsistency," pp. 127-134
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