Working Paper 8101 THE WELFARE IMPLICATIONS OF ALTERNATIVE UNEMPLOYMENT INSURANCE PLANS by Mark S. Sniderman Working papers o f t h e Federa l Reserve Bank o f C leve land…

Working Paper 8202 STABILITY I N A MODEL OF STAGGERED-RESERVE ACCOUNTING by Michael L. Bagshaw and W i l l i a m T. Gavin The au thors a r e g r a t e f u l t o Robert Avery,…

Working Paper 8405 VELOCITY: A MULTIVARIATE TIME-SERIES APPROACH by Michael L. Bagshaw and W i l l i a m T. Gavin Thanks are due t o John B. Carlson, James Hoehn, and Kim…

Working Paper 8502 FEDERAL RESERVE CREDIBILITY AND THE MARKET'S RESPONSE TO THE WEEKLY M I ANNOUNCEMENTS W i l l i a m T. Gavin and N i cho las V. Karamouzis W i l l…

Working Paper 8504 FIXPRICE MODELS FOR DYNAMIC STUDIES By E r i c A . Kades The au tho r wishes t o thank Pro fessors Truman Bewley, James Tobin , and John Geanakoplos o…

Working Paper 8505 DYNAMICS OF FIXPRICE MODELS by E r i c A . Kades Working papers o f t he Federa l Reserve Bank o f C leve land a r e p r e l i m i n a r y m a t e r i…

Working Paper 8506 STOCHASTIC INTEREST RATES I N THE AGGREGATE LIFE CYCLEJPERMANENT INCOME CUM RATIONAL EXPECTATIONS MODEL by Kim J. Kowalewski Working papers o f t h e Federal…

Working Paper 8601. EMPLOYMENT AND UNEMPLOYMENT EFFECTS OF UNIONS By Edward Montgomery Edward Montgomery i s an a s s i s t a n t Pro fessor o f Economics. School o f Urban…

Working Paper 8603 PATTERNS AND DETERMINANTS OF INEFFICIENCY I N STATE MANUFACTURING By P a t r i c i a Beeson and Stephen Husted Working papers o f t h e F e d e r a l Reserve…

Work ing Paper 8605 By Gary W . Whalen and R i c h a r d L . Mugel Gary W . Whalen i s an economis t and R i c h a r d L. Mugel i s an economic a n a l y s t a t t h e Federa…