Browsing by Author/Contributor "Haslag, Joseph H."

Now showing items 1-18 of 18

  • Accounting for Fluctuations in Social Network Usage and Migration Dynamics 

    Guzman, Mark G.; Haslag, Joseph H.; Orrenius, Pia M. (Department of Economics, 2004)
    In this paper, we examine network capital usage and migration patterns in a theoretical model. Networks are modeled as impacting the migration decision in many ways. When young, larger networks reduce the time lost moving ...

  • Coyote Crossings: The Role of Smugglers in Illegal Immigration and Border Enforcement 

    Guzman, Mark G.; Haslag, Joseph H.; Orrenius, Pia M. (Department of Economics, 2002)
    Illegal immigration and border enforcement in the United States have increased concomitantly for over thirty years. One interpretation is that U.S. border policies have been ineffective. We offer an alternative view, ...

  • Crony Capitalism and Financial System Stability 

    Pecchenino, Rowena; Haslag, Joseph H. (Department of Economics, 2001)
    With the Asian financial crises, people identified crony relationships as the ultimate cause of bank instability. We examine the issue of crony capitalism in the context of model economy in which cronies are a class of ...

  • The Effect of Monetary Policy on Economic Output 

    Hafer, R. W.; Haslag, Joseph H.; Jones, Garett (Department of Economics, 2003)
    There is substantial research effort devoted to identifying a sufficient statistic for monetary policy. The purpose of this paper is to broaden the scope of the on-going investigation along three dimensions. First, we ...

  • Essays in financial macroeconomics 

    Arjmandi, Mohammad Nabi (University of Missouri--Columbia, 2023)
    This dissertation delves into critical aspects of financial markets and intermediaries, shedding light on optimal portfolio rebalancing strategies in the presence of cash distributions and transaction costs, as well as the ...

  • Growth and volatility in inter- and intra-national data 

    Pereyra, Martin, 1976- (University of Missouri--Columbia, 2008)
    Growth and economic fluctuations are negatively correlated at the country level. Least developed countries measures of output volatility are almost double the size of the developed countries counterpart. This paper provides ...

  • Inflationary Finance in a Simple Voting Model 

    Bhattacharya, Joydeep; Haslag, Joseph H.; Bunzel, Helle (Department of Economics, 2001)
    This paper is an attempt at answering the somewhat counterfactual question: if monetary policy was to be decided in the arena of public voting (that is not by independent central banks), then what kind of monetary policies ...

  • Investigating a countercyclical price level with procyclical inflation 

    Roeger, Edward A. (University of Missouri--Columbia, 2007)
    [ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT AUTHOR'S REQUEST.] Recent work of the last 15 years has sought to revaluate what are often thought of as consistent business cycle facts, and one of these in particular ...

  • Money, output and the payment system: Optimal monetary policy in a model with hidden effort 

    Bhattacharya, Joydeep; Haslag, Joseph H.; Martin, Antoine (Department of Economics, 2007)
    We propose a new explanation for the observed difference in the cost of intraday and overnight liquidity. We argue that the low cost of intraday liquidity is an application of the Friedman rule in an environment where a ...

  • On Fed Watching and Central Bank Transparency 

    Haslag, Joseph H. (Department of Economics, 2000)
    In this paper, I examine central bank transparency in two different general equilibrium settings. A transparent central bank eliminates any uncertainty about future money growth. Agents can expend resources to process ...

  • On the Use of the Inflation Tax when Non-Distortionary Taxes are Available 

    Bhattacharya, Joydeep; Haslag, Joseph H. (Department of Economics, 2000)
    If a inflation tax base has been created via a fixed reserve requirement, will a benevolent government use the inflation tax as a (partial) source of revenue even though a non-distortionary revenue source is available? ...

  • Optimality of the Friedman rule in overlapping generations model with spatial separation 

    Martin, Antoine; Haslag, Joseph H. (Department of Economics, 2003)
    Recent papers suggest that when intermediation is analyzed seriously, the Friedman rule does not maximize social welfare in overlapping generations model in which money is valued because of spatial separation and limited ...

  • Pricing to market when exchange rate changes and output level matters 

    Seo, Ok-Sun, 1975- (University of Missouri--Columbia, 2006)
    This dissertation clarifies the definition of Pricing to Market (PTM) and formalizes the definition. PTM in this paper focuses on the relative movements of prices in different markets, conditional on exchange rate movements. ...

  • Production, Hidden Action, and the Payment System 

    Gu, Chao; Guzman, Mark G.; Haslag, Joseph H. (Department of Economics, 2010)
    In this paper, we study a model economy that can account for the distribution of payments within a day. In our model, debtors choose when to arrive at the settlement location. Concomitant with choosing their arrival, debtors ...

  • A Role for Sunspots in Explaining Endogenous Fluctutations in Illegal Immigration 

    Guzman, Mark G.; Haslag, Joseph H.; Orrenius, Pia M. (Department of Economics, 2003)
    In this paper we provide an alternative explanation for why illegal immigration can exhibit substantial fluctuations despite a constant wage gap. We develop a model economy in which migrants make decisions in the face of ...

  • Sub-Optimality of the Friedman Rule in Townsend's Turnpike and Limited Communication Models of money: Do finite lives and initial dates matter? 

    Bhattacharya, Joydeep; Haslag, Joseph H.; Martin, Antoine (Department of Economics, 2004)
    We construct an economy populated with infinitely-lived agents and show that the Friedman rule is suboptimal. We do that by showing that our economy and an overlapping generations model in which the Friedman rule is known ...

  • Understanding the Roles of Money, or When is the Friedman Rule Optimal, and Why? 

    Bhattacharya, Joydeep; Haslag, Joseph H.; Russell, Steven (Department of Economics, 2002)
    In this paper, we study the optimal steady state monetary policy in overlapping generations (OG) models. In contrast to economies populated by infinitely-lived representative agents (ILRA), the Friedman Rule is frequently ...

  • Who is Afraid of the Friedman Rule? 

    Bhattacharya, Joydeep; Haslag, Joseph H.; Martin, Antoine; Singh, Rajesh (Department of Economics, 2004)
    In this paper, we explore the connection between optimal monetary policy and heterogeneity among agents. We study a standard monetary economy with two types of agents in which the stationary distribution of money holdings ...