An analysis assessing the sensitivity of consumption to income using a life-cycle model of consumption that incorporates the possibility of bankruptcy.

An estimation of the regulatory impact on technical change in the electric utility industry, indicating that regulation retarded the rate of technical change experienced by a sample of Ohio electric utilities over the 1965 to 1982 period.

A description of two ways of adding an equation for total factor productivity to the generalized cost system of Atkinson and Halvorsen; includes a discussion of testing for regulatory biases.

An estimation of a life cycle cum rational expectations model that allows for uncertain future interest rates. The results show that the model is strongly rejected using post World War II U.S. data.

An estimation of the life cycle/permanent income model with rational expectations that allows for uncertain future interest rates. Results provide ample evidence to reject this form of model during the postwar period.

A discussion of the possible impact of home equity lines of credit on the variability of total consumer spending and borrowing, with comment on the potential growth of home equity lending and its affect on consumers and lenders.

An evaluation of consumer spending and the part it plays in the expansion of the economy, with a discussion of the role of debt and assets as constraints on future spending.

An analysis of the wage, productivity, and competitive factors that might prevent Ohio manufacturers from getting full benefit from the sharp drop in the foreign-exchange value of the dollar.

An examination of the possible positive and negative effects that could result from a hypothetical $10 per barrel increase in tariffs on crude oil and refined oil products.