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.

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 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 1979 to 1981 overall reduction in consumer debt and of its possible impact on the economy, with a summary of asset characteristics, and an analysis of changes in consumer balance sheets.

A discussion of the business cycle before and after the Second World War, with a survey and critique of major arguments used to explain superior postwar economic stability.

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

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 evaluation of the impact of the new bankruptcy code, effective in 1979, on the number of personal bankruptcy filings in the United States.