ARTICLES

Henning Bohn, "Fiscal Policy and the Mehra-Prescott Puzzle: On Welfare Implications of Budget Deficits When Real Interest Rates Are Low," pp. 1-13

Mark J. Flannery and Joel F. Houston, "The Value of a Government Monitor for U.S. Banking Firms," pp. 14-34

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Christopher Hanes, "Degrees of Processing and Changes in the Cyclical Behavior of Prices in the United States, 1869-1990," pp. 35-53

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Rasmus Fatum and Michael Hutchison, "Is Intervention a Signal of Future Monetary Policy?: Evidence from the Federal Funds Futures Market," pp. 54-69

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Pierre-Richard Agénor and Paul R. Masson, "Credibility, Reputation, and the Mexican Peso Crisis," pp. 70-84

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Charles L. Weise, "The Asymmetric Effects of Monetary Policy: A Nonlinear Vector Autoregression Approach," pp. 85-108

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Lawrence H. White, "Hayek's Monetary Theory and Policy: A Critical Reconstruction," pp. 109-120

Gail E. Makinen and G. Thomas Woodward, "Use of Interest-Bearing Currency in the Civil War: The Experience Below the Mason-Dixon Line," pp. 121-129

NOTES, COMMENTS, REPLIES

Lawrence Kryzanowski and Gordon S. Roberts, "Perspectives on Canadian Bank Insolvency during the 1930s," pp. 130-136