Richard Porter
About
Richard Porter formerly was a vice president and senior research advisor, payments in the economic research department of the Federal Reserve Bank of Chicago.
Bank Publications
Chicago Fed Letter
Economic Perspectives
Working papers
Policy Discussion Papers
Working Papers
Selected External Publications
With Ruth A. Judson, 2004, “Currency Demand by Federal Reserve Cash Office: What Do We Know?," Journal of Economics and Business, Vol. 56, No. 4, pp. 273-285.
With Ruth A. Judson, 2003, “Estimating the Worldwide Volume of Counterfeit U.S. Currency: Data and Extrapolation,” Finance and Economics Discussion Series, Washington, DC: Board of Governors of the Federal Reserve System, No. 2003-53.
2002, “Central Bank Statistics and Financial Stability: Are Data Sources Adequate for the Federal Reserve?,” in Proceedings of Irving Fisher Committee Conference, Basel, Switzerland: BIS.
With Ruth A. Judson, 2001, “Overseas Dollar Holdings: What Do We Know?” Wirtschaftspolitische, April, pp. 431-440.
With Athanasios Orphanides, 2001, “Money and Inflation: The Role of Information Regarding the Determinants of M2 Behavior,” in Monetary Analysis: Tools and Applications, Hans-Joachim Klöckers and Caroline Wileke (eds.), Frankfurt on the Main Germany: European Central Bank.
With Athanasios Orphanides, David Reifschneider, Robert Tetlow et al., 2000, “Errors in the Measurement of the Output Gap and the Design of Monetary Policy,” Journal of Economics and Business, Vol. 52, January, pp. 117-141.
With Athanasios Orphanides, 2000, “P* Revisited: Money-Based Inflation Forecasts with a Changing Equilibrium Velocity,” Journal of Economics and Business, Vol. 52, January, pp. 87-100.
With Gretchen Weinbach, 1999, “The Currency Ratios and U.S. Underground Economic Activity,” Economic Letters, Vol. 63, June, pp. 355-361.
With Gregory Hess and Christopher Jones, 1998, “The Predictive Failure of the Baba, Hendry and Starr Model of the Demand for M1 in the United States,” Journal of Economics and Business, Vol. 50, November, pp. 477-507.
With Ruth A. Judson, 1996, “The Location of U.S. Currency: How Much is Abroad?,” Federal Reserve Bulletin, Vol. 82, October, pp. 883-903.
With David Small and Jeffery Hallman, 1991, “Is the Price Level Tied to the M2 Monetary Aggregate in the Long-run?,” American Economic Review, Vol. 81, September, pp. 841-858.
With George Moore and David Small, 1990, “Modeling the Disaggregated Demands for M2 and M1 in the 1980s in the U.S. Experience,” in Financial Sectors in Open Economies: Empirical Analysis and Policy Issues, Peter Hooper, Karen Johnson, Donald Kohn, David Lindsey, Richard Porter and Ralph Tryon (eds.), Washington, DC: Federal Reserve Board.
With George Moore, 1990, “Relationships among Weekly Money Market Time Series,” Public Budgeting and Financial Management, Vol. 2, pp. 453-476.
With Amanda Bayer, 1989, “Monetary Approaches to Estimating Underground Economic Activity,” in The Underground Economies: Tax Evasion and Information Distortion, Edgar Feige (ed.), Cambridge, UK: Cambridge University Press.
With Marvin Goodfriend, Gary Anderson, Anil Kashyap et al., 1986, “A Weekly Rational Expectations Model of the Nonborrowed Reserves Operating Procedure,” Economic Review, Federal Reserve Bank of Richmond, January, pp. 11-22, (reprinted in 1987, Monetary Policy in Practice, Marvin Goodfriend, Federal Reserve Bank of Richmond, pp. 17-34).
With Helen Farr, David E. Lindsey, Gary Gillum et al., 1984, “Short-run Monetary Control: Evidence under a Nonborrowed Reserve Operating Procedure,” Journal of Monetary Economics, pp. 87-111.
With Stephan F. LeRoy, 1981, “The Present-value Relation: Tests Based on Implied Variance Bound,”' Econometrica, Vol. 49, May, pp. 555-574, (reprinted in 1997, Market Efficiency: Stock Market Behavior in Theory and Practice, Vol. 2, Andrew Lo, ed., in the International Library of Critical Writings in Financial Economics, Edward Elgar, pp. 157- 178; also, reprinted in 2002, Speculation and Financial Markets, Liam A. Gallagher and Mark P. Taylor, eds., in the International Library of Critical Writings in Economics, Mark Blaug, series ed., Edward Elgar Publisher).
With Thomas Simpson, 1980, “Some Issues Involving the Definition and Interpretation of the Monetary Aggregates,” in Controlling the Monetary Aggregates, Vol. 3, Boston, MA: Federal Reserve Bank of Boston.
With Thomas D. Simpson and Eileen Mauskopf, 1979, “Financial Innovation and the Monetary Aggregates,” Brookings Papers on Economic Activity, Vol. 1, pp. 213-229.
1973, “On the Use of Survey Sample Weights in the Linear Model,” Annals of Economic and Social Measurement, Vol. 2, April, pp. 141-158.
With Kenneth Kopecky and Darrel Parke, 1983, “A Framework for Analyzing Money Stock Control,” Journal of Economics and Business, Vol. 35, January, pp. 139-157.
Selected Publications