Prologue : The missing legacy -- PART I: BECOMING HARRY DEXTER WHITE. 1. Who--really--was Harry White? -- 2. The education of Harry White -- 3. A brief academic career -- PART II: BECOMING A KEYNESIAN INTERNATIONALIST. 4. What next? Dr. White goes to Washington -- 5. Settling into Morgenthau's...

A recent paper by Baba, Hendry, and Starr presents an error-correction model of the demand for M1 in the United States, which shows a dramatic improvement in both fit and stability over earlier models. This note estimates an alternative model with the same data set and draws two conclusions:...

A recent paper by Baba, Hendry, and Starr presents an error-correction model of the demand for M1 in the United States, which shows a dramatic improvement in both fit and stability over earlier models. This note estimates an alternative model with the same data set and draws two conclusions:...