Effects of Official Macroeconomic Statistical Releases

"Does It Matter If Statistical Agencies Frame the CPI Report on a 1-Month or 12-month Basis?" with Ayako Saiki, NBER WP no. 23754, August 2017.  HKS RWP 16-11. Exploratory draft, March 2016.  wording appendiXL. 

"Commodity Prices, Money Surprises, and Fed Credibility," with Gikas Hardouvelis, Journal of Money, Credit and Banking 17, no. 4, Nov.1985, Part I, 427-438.   NBER WP no. 1121.  Reprinted in J.Frankel, Financial Markets and Monetary Policy (MIT Press), 1995.

"Why Interest Rates React to Money Announcements: An Explanation from the Foreign Exchange Market," with Charles Engel, Journal of Monetary Economics 13, no. 1, Jan. 1984.  NBER Working Paper 1049. Reprinted in J.Frankel, On Exchange Rates (MIT Press), 1993.

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