RA Driskill - The Journal of Political Economy, 1981 - JSTOR
Page 1. Exchange-Rate Dynamics: An Empirical Investigation Robert A. Driskill
University of California, Davis This paper estimates a reduced-form exchange-rate
equation whose estimates are used to address questions on ...
RA Driskill… - Journal of Economic Theory, 1989 - Elsevier
S McCafferty… - Econometrica: Journal of the Econometric Society, 1980 - JSTOR
THE PURPOSE OF THIS NOTE is to explore the foundations of models of rational
expectations along lines partially developed by Muth [2]. In his pioneering work, Muth,
among other things, demonstrated that risk averse behavior links a behavioral parameter ...
RA Driskill… - The American Economic Review, 1986 - JSTOR
Page 1. Is Price Flexibility Destabilizing? By ROBERT A. DRISKILL AND STEVEN
M. SHEFFRIN* Sluggish wages and prices are generally the culprits in Keynesian
models of unem- ployment and business fluctuations. Price ...
RA Driskill… - The American Economic Review, 1981 - JSTOR
Page 1. On the Mark: Comment BV ROBERT A. DRISKILL AND STEVEN M. SHEFFRIN* Almost
all recent research on exchange rate determination has conceived of the ex- change rate as being
a price that moves to equilibrate markets for stocks of financial assets. ...
R Driskill - Journal of International Economics, 1981 - Elsevier
Abstract This paper presents a model of exchange-rate determination characterized by
imperfect asset substitutability between domestic and foreign bonds, sticky goods-market
prices, and rational expectations. The model is used to analyze the response of the ...
R Driskill… - Journal of International Economics, 1980 - Elsevier
Abstract This paper uses Muth's model of rational expectations to analyze foreign exchange
speculation under floating exchange rates when a trade balance 'J-curve effect'exists. It
extends the existing literature by basing speculative behavior explicity on maximizing ...
JS Bhandari, R Driskill… - European Economic Review, 1984 - Elsevier
This paper examines the relation between the degree of capital mobility and the exchange
rate overshooting phenomenon in a framework that employs a stock formulation of the
capital account. The results are compared with those emerging from the corresponding ...
R Driskill… - The Quarterly Journal of Economics, 1980 - JSTOR
Much of the recent literature on flexible exchange rates has shared two characteristics: first,
it has emphasized the critical role of expectations in exchange-rate determination, and
second, it has, either explicitly or implicitly, been concerned with exchange-rate volatility ...
RA Driskill… - Review of Development Economics, 2002 - Wiley Online Library
Page 1. Investment in Hierarchical Human Capital Robert A. Driskill and Andrew W.
Horowitz* Abstract Advanced human capital requires “basic” human capital as an input.
Physical capital does not, in general, have such hierarchical structure. ...
R Driskill… - International Economic Review, 2001 - Wiley Online Library
2. Abstract This article investigates monopoly and oligopoly provision of an addictive good.
Consumer preferences are modeled as in Becker and Murphy (1988). Addictive goods have
characteristics that create interesting strategic issues when suppliers are noncompetitive. ...
R Driskill - The American Economic Review, 1980 - JSTOR
Much of the recent literature on exchange rate determination has emphasized the role of the
exchange rate in maintaining continuous portfolio balance among existing stocks of financial
assets. This asset equilibrium approach has been referred to as the" modemr" or" new" 1 ...
R Driskill - Economica, 1997 - Wiley Online Library
This paper combines increasing marginal cost and depreciation in a continuous-time model
of a durable-goods monopolist. In contrast to the case of increasing marginal cost but no
depreciation (analysed by Kahn) and the case of depreciation with constant marginal cost ...
R Driskill - International Journal of Industrial Organization, 2001 - Elsevier
This paper models a durable-goods oligopoly as a differential game. Two cases are treated:
sales, where firms cannot lease but must sell the good in question, and leasing, where firms
do not sell but only rent. In the sales case, firms face increasing marginal cost of ...
R Driskill… - 1989 - nber.org
Microeconomics in general and trade economists in particular have made wide use of the
conjectural variations approach to modeling oligopolistic behavior. Most users of this
approach acknowledge its well-known shortcomings but defend its use as a “poor man's'' ...
R Driskill… - Journal of International Economics, 1982 - Elsevier
Abstract In this paper, we develop a simultaneous stochastic model of spot and forward
exchange-rate determination under rational expectations. For spot rates, we find that
increases in speculative responsiveness dampen the effects of trade-balance shocks, but ...
R Driskill - European Economic Review, 2006 - Elsevier
Multiple equilibria are a ubiquitous feature of dynamic rational expectations models.
Researchers have been divided on the implications of this phenomenon. Some have viewed
this as a reflection of reality and a possible explanation of a wide range of economic ...
RA Driskill, NC Mark… - International Economic Review, 1992 - JSTOR
Page 1. INTERNATIONAL ECONOMIC REVIEW Vol. 33, No. 1, February 1992 SOME
EVIDENCE IN FAVOR OF A MONETARY RATIONAL EXPECTATIONS EXCHANGE
RATE MODEL WITH IMPERFECT CAPITAL SUBSTITUTABILITY* ...
RA Driskill… - Journal of International Economics, 1996 - Elsevier
R Driskill… - Journal of International Economics, 1987 - Elsevier
Abstract Two stylized facts of the open economy are often considered prima facie evidence
of goods-market disequilibrium: persistent deviations of relative prices from purchasing
power parity, and the higher variability of the nominal exchange rate relative to price ...
R Driskill… - Journal of International Economics, 1985 - Elsevier
Abstract This paper helps fill in a remaining gap in the exchange rate dynamics literature:
the role of wealth and relative-price effects. The analysis differs from Dornbusch (1976) in
the inclusion of wealth effects. It differs from Engel and Flood (forthcoming) in the inclusion ...
R Driskill… - Review of Industrial Organization, 1996 - Springer
The authors study strategic trade policy in the framework of an explicit dynamic game in
which home and foreign duopolists compete in a third-country market for non-competitive
rents. Dynamics are introduced on the demand side by assuming demand for the product ...
R Driskill - Vanderbilt University, 2007 - gtcenter.org
Abstract This paper models a good for which there are dynamic network exter# nalities, and
investigates the properties of the Markov Perfect equilibrium (MPE) that arises when there is
monopoly or oligopoly supply. The framework is a continuous# time overlapping# ...
R Driskill… - Exchange Rate Management Under …, 1985 - books.google.com
Recently some notable economists have argued that high international capital
substitutability and mobility has exacerbated the transmission of international disturbances
even with flexible exchange rates, causing excessive relative price variability (see Tobin ...
RA Driskill… - The Quarterly Journal of …, 1985 - qje.oxfordjournals.org
Page 1. THE "PATMAN EFFECT" AND STABILIZATION POLICY* ROBERT A.
DRISKILL AND STEVEN M. SHEFFRIN This paper examines the controversial link
between interest rates and prices by introducing interest costs ...
R Driskill, S McCafferty… - Economic Inquiry, 1991 - Wiley Online Library
This paper develops a simultaneous stochastic rational-expectations model of futures-and
spot-price determination. Using the model, we find that increases in what we term
speculative intensity increase spot-price variability arising from storage-cost shocks, but ...
R Driskill - Unpublished manuscript, Vanderbilt University, 2007 - vanderbilt.edu
4 What might be the elements of a good argument for free trade? 20 4.1 Be clear about what
economic analysis can say about the matter 20 4.2 Make a distinction between policies and
one'off choices . . . . . . 21 4.3 Bring fairness issues into the debate . . . . . . . . . . . . . . . . 22 ...
S McCafferty… - Journal of Macroeconomics, 1980 - Elsevier
Abstract This paper demonstrates that even the simplest rational expectations macro model
may be plagued by nonexistent or multiple equilibria. The reason for these problems is the
postulated existence of risk-averse behavior on the part of labor suppliers and purchasers ...
R Cantor… - Economic Research Paper, 1999 - Citeseer
Abstract Within the framework of an overlapping-generations model, this paper investigates
the effects on the real exchange rate of changes in birth/death rates and changes in fiscal
policy. These changes induce changes in national saving that set in motion a dynamic ...
EW Bond… - Working Papers, 2006 - vanderbilt.edu
Page 1. On Indeterminacy in Two Sector Models with Factor Market Distoritons: The
Importance of VIPIRS By Eric W. Bond and Robert A Driskill* Vanderbilt University
November 15, 2006 Abstract: Previous literature has shown ...
RA Driskill - Department of Economics, Vanderbilt University, 2002 - vanderbilt.edu
... www.vanderbilt.edu/econ Page 2. A Proposal for a Selection Criterion in a Class of Dynamic
Rational Expectations Models with Multiple Equilibria Robert A. Driskill Dept. of Economics
Vanderbilt University Nashville, TN 37235 Robert.Driskill@Vanderbilt.edu April 30, 2002 ...
EW Bond… - … Trade and Economic Dynamics: Essays in …, 2008 - books.google.com
Abstract We examine dynamic stability in Shimomura's durable-goods model of trade when
there are multiple steady-state equilibria. In the case we examine, there are three such
equilibria, corresponding to the three equilibria in Marshall's famous “shoelace” diagram. ...
R Driskill, AW Horowitz… - Journal of Institutional and …, 2009 - ingentaconnect.com
Abstract: We embed an N-level human-capital hierarchy in a growth model and demonstrate
that the hierarchical structure generates an optimal investment program with phases of stock
depletion and expansion in the stocks of the various levels of human capital. We then take ...
EW Bond… - Review of International Economics, 2009 - Wiley Online Library
... Bond, Eric W. and Robert Driskill, “Multiplicity and Stability of Equilibrium in Trade Models with
Durable Goods,” in T.Kamihigashi and L.Zhao (eds), International Trade and Economic Dynamics:
Essays in Honor of Koji Shimomura, Berlin: Springer (2008):281–97. ...
[CITATION] Net Foreign Assets, the Real Exchange Rate, and Fiscal Policy
R Cantor… - Federal Reserve Bank of New York, 1996
[CITATION] Capital Mobility and Exchange Rate Overshooting
R Driskill… - Mimeograph, University of Chicago, 1983
R Driskill - Foreign Policy, 2008 - wou.edu
My fellow economists are manning the barricades to defend free trade from a growing public
backlash. But with globalization increasingly seen as a threat, our arguments are falling on
deaf ears. Maybe it's time to stop claiming we know what is best for everyone? rade is ...
R Driskill - Review of International Economics, 2001 - Wiley Online Library
This paper investigates trade balance and current account behavior in response to various
shocks when the economy produces and consumes both traded and nontraded goods.
Previous analyses of these problems have interpreted current account behavior in terms ...
R Cantor… - Journal of international economics, 1988 - Elsevier
Abstract In this paper we assume that risk neutral firms provide income insurance to risk
averse workers through labor contracts; however, because of (ad hoc) transaction costs,
contracts are not fully contingent. Hence, while contracts improve upon the allocation of ...
JP Conley,
MJ Crucini, RA Driskill… - 2011 - nber.org
Page 1. NBER WORKING PAPER SERIES INCENTIVES AND THE EFFECTS OF
PUBLICATION LAGS ON LIFE CYCLE RESEARCH PRODUCTIVITY IN ECONOMICS
John P. Conley Mario J. Crucini Robert A. Driskill Ali Sina Onder ...
EW Bond… - 2008 - emeraldinsight.com
We extend the Jones (1971) analysis of the effects of distortions in 2×2 trade models to the case
of a two-sector dynamic general equilibrium model of a small open economy with capital
accumulation. We do a comparative steady state analysis for the effect of policy changes on factor ...
[CITATION] Monetary policy and exchange rate dynamics
RA Driskill - 1979 - Univ. Microfilms
R Driskill… - Journal of Macroeconomics, 1984 - Elsevier
Abstract This paper compares the properties of a token money system with that of a
commodity money system in an uncertain environment. In an incomplete information world,
relative prices are not known with certainty. However, a commodity money system ...
O Balboa, R Driskill… - ASIA PACIFIC JOURNAL OF …, 2007 - vanderbilt.edu
Abstract The interplay of time# non# separable (TNS) utility and non# competitive market
structure gives rise to a time# consistency issue that changes the optimal export policy
prescription vis# a# vis what would obtain in either a time# separable utility setting or in a ...
R Driskill - Economics and Philosophy, 2012 - Cambridge Univ Press
Abstract This paper argues that, in light of the apparent settled nature of economists'
judgement on the issue of trade liberalization, the profession has stopped thinking critically
about the question and, as a consequence, makes poor-quality arguments justifying their ...
E Bond… - 2007 - papers.ssrn.com
Abstract: Previous literature has shown that local indeterminacy and local instability can
arise in two sector models when factor market distortions create a divergence between
capital intensity ranking of the sectors on a physical basis and on a value basis. We ...
RA Driskill, NC Mark… - International Economic Review, 1993 - ideas.repec.org
Downloadable (with restrictions)! No abstract is available for this item.
[CITATION] Andrew W. Horowitz** Department of Economics Sam M. Walton College of Business University of Arkansas Fayetteville, AR 72701-1201
RD Margo, G Glomm, B Ravikumar… - 2000
R Cantor, R Driskill… - 1996 - ny.frb.org
Abstract In this article, we demonstrate that a fiscal expansion can induce both a short-and
long-run depreciation of a currency and, by parallel arguments, fiscal contraction can induce
short-and long-run appreciation. This possibility hinges on a country being a debtor with at ...
H Beladi, EW Bond, A Chakrabarti, B Sankar… - emeraldinsight.com
Page 1. LIST OF CONTRIBUTORS Rajat Acharyya Department of Economics,
Jadavpur University, Kolkata 700032, India Mohammad Amin Enterprise Analysis
Unit, World Bank, Washington, DC, 20048, USA Hamid Beladi ...
RA Driskill - 2003 - vanderbilt.edu
Page 1. Another Perspective on Multiple Equilibria in Dynamic Rational Expectations
Models Robert A. Driskill Department of economics, Vanderbilt University, Nashville,
TN September 26, 2003 Abstract We argue that multiple ...
RE Driskill - 1976 - eric.ed.gov
ED127582 - Selected Factors Relating to Reading Achievement.
RA Driskill - 1980 - vanderbilt.edu
Page 1. September 2001 CURRICULUM VITAE Robert A. Driskill Department of Economics
Vanderbilt University Nashville, TN 37235 Phone: 615-343-1516 (office) 615-661-5869 (home)
Date of Birth: 15 February 1949 Place of Birth: Lynchburg, Virginia Academic Background ...
RA Driskill… - Economics Letters, 1983 - Elsevier
JP Conley, R Driskill… - wakame.econ.hit-u.ac.jp
Abstract We show that the Melitz (2003) continuum interpretation of the Dixit-Stiglitz
monopolistic competition model does not represent a reasonable limit of a large finite
economy unless it is built on a micro-foundation of heterogeneous agents. We argue for ...
JP Conley, R Driskill… - 2011 - econ.sinica.edu.tw
The Dixit-Stiglitz (1977) model of Chamberlainian monopolistic competition model and has
had a enormous impact on research in Industrial Organization, the Economics of
Geography, Monetary and Real Business Cycle, Growth Theory, and International Trade.
RA Driskill - 2008 - www-new.vanderbilt.edu
... Offi ce Address: Department of Economics Vanderbilt University VU Station B #351819 2301
Vanderbilt Place Nashville, TN 37235&1819 Phone: 615&343&1516 (offi ce) 615&661&5869
(home) Fax 615&343&8495 Email robert.driskill@vanderbilt.edu Academic Background ...
R Driskill - 2006 - vanderbilt.edu
Abstract This paper diagnoses the source of indeterminacy in the canonical New Keynesian
model as arising from the conjunction of an infinite time hori $ zon with a characteristic
dynamic structure in which structural equations contain both current and expected values ...
R Driskill - 2005 - fpj.portier.free.fr
Much recent analysis of monetary policy has focused on issues surrounding in# determinacy
of equilibrium. In particular, in the context of the canonical New Keynesian sticky# price
model as embodied in Woodford (2003), various interest# rate rules generate a continuum ...
JS Bhandari, RA Driskill… - European Economic …, 1988 - econpapers.repec.org
By Jagdeep S. Bhandari, Robert A. Driskill and Jacob A. Frenkel; Capital
mobility and exchange rate overshooting: Reply.
R Driskill… - Journal of International Money and Finance, 1982 - Elsevier
Abstract This paper develops an open-economy fixed-exchange-rate equilibrium model of
the business cycle which demonstrates a new channel for output persistence. The
persistence, or serial correlation of output, arises because of persistent changes in relative ...
[CITATION] We are happy to announce that the PET07 submission website is open. The Association for Public Economic Theory (APET) will hold its eighth …
JP Conley, MH Wooders, R Boadway, Y Chun…
R Driskill - Review of World Economics, 1980 - Springer
Conclusions This note has shown that, when trade volumes do not respond sufficiently to
deviations from equilibrium of the exchange rate, and when speculative demand for foreign
currency is assumed to be a stock demand, the dynamic stability of the foreign exchange ...
[CITATION] OF MONEY, CREDIT AND BANKING
SA McCafferty, JH McCulloch, RA Driskill… - JSTOR
R Driskill… - The BE Journal of Economic Analysis & …, 2007 - degruyter.com
Stringent environmental taxes in high-income countries are assumed to drive dirty industries
to low-income countries, but the empirical evidence for “pollution havens" is surprisingly
weak. We demonstrate that a government trying to prevent flight by a “dirty" durable good ...
RA Driskill - 1986 - etd.ohiolink.edu
... Page 2. To God, My Parents, and My Husband 11 Page 3. ACKNOWLEDGMENTS I am very
grateful to my dissertation committee, namely, Professors Robert Driskill, Stephen McCafferty,
and Nelson Mark. Professor Driskill served as my principal advisor. ...
[CITATION] WITHDRAWN: In Memoriam Jurg Niehans 1919-2007
RA Driskill… - Journal of International Money and Finance, 2009 - Elsevier
[CITATION] OF MONEYs CREDIT AND BANKING
MJBIJ qf MaryOrld, P Cagan, C Universzty… - JSTOR
[CITATION] Announcement and Call for Papers PET 2007 Nashville, Tennessee–July 6-8 2007 The Association for Public Economic Theory (APET) is pleased to …
J Conley, M Wooders, R Boadway, Y Chun…
Create email alert
About Google Scholar - All About Google - My Citations
©2012 Google