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Research and Publications

“Stable market requires stable policies.” The Columbus Dispatch, August 2, 2007.

“Greenspan's many words seldom led to clarification.” The Columbus Dispatch, January 31, 2006.

“Greenspan has had leveling effect at the Fed.” The Columbus Dispatch, May 13, 2005.

“Economic stars in alignment for the Fed to increase rates.” The Columbus Dispatch, April 20, 2004.

"Greenspan dead wrong to prod inflation." The Columbus Dispatch, September 15, 2003.

 "U.S. economy turning around - really." The Columbus Dispatch, August 6, 2003.

"Tax burden will change but the results remain iffy." The Columbus Dispatch, May 28, 2003.

 "Price of oil, not cost of war, is the key to America's way." The Columbus Dispatch, February 2, 2003.

 "Reliable economic indicators support the Fed's inaction." The Columbus Dispatch, August 20, 2002.

"Don't be overly concerned about all the bad vibes from the nation's economy." The Columbus Dispatch, July 11, 2002.

"Economy doing fine by itself." The Columbus Dispatch, April 10, 2002.

"Fed would be wise to let up a little on economic gas pedal." The Columbus Dispatch, February 27, 2002.

"Deflate all your fears of inflation." The Columbus Dispatch, January 24, 2002.

"Federal spending won't help and could hurt the economy." The Columbus Dispatch, December 11, 2001.

"'Recession' is declared when many indicators agree." The Columbus Dispatch (Science Page), October 21, 2001.

"Let's lose the cap-gains tax." The Columbus Dispatch, April 20, 2001.

 "Economic data off target." The Columbus Dispatch, March 27, 2001.

"Federal Reserve Board is going astray when it tries to be market force." The Columbus Dispatch, February 8, 2001.

"The wolf at the door." The Blue List, February 5, 2001.

"Don't fret too much about the economy." The Columbus Dispatch, January 23, 2001.

With Frank Wobst, "Banking After Glass-Steagall," speech to the Columbus Kiwanis Club, January 15, 2001.

"Economic data less than rosy." The Columbus Dispatch, December 1, 2000. (Also published as: "A pre-emptive tax cut." Chicago Tribune, December 6, 2000.)

"Don't put faith in stock market election lore." The Columbus Dispatch, October 3, 2000.

"Greenspan is no slave to old ideas." The Columbus Dispatch, August 24, 2000.

"There's something about NAIRU." The Blue List, August 22, 2000.

"Be wary of your wishes on gasoline." The Columbus Dispatch, July 24, 2000.

With Frank Wobst, "What's New in Banking," speech to the Columbus Rotary Club, May 15, 2000.

"Federal budget hopes floating in some pretty thin air." The Columbus Dispatch, March 17, 2000.

"Greenspan needed as Fed chief." The Columbus Dispatch, January 11, 2000.

"Y2 care about Greenspan IV." The Blue List, January 10, 2000.

"Greenspan would do well to stop costly guessing game." The Columbus Dispatch, October 11, 1999.

"Expanding IRAs would solve nation's most taxing dilemma." The Columbus Dispatch, August 5, 1999.

"Greenspan again foresees right tactic on inflation." The Columbus Dispatch, June 25, 1999. (Also published on the BridgeNews wire as: "Greenspan is on Target Again." BridgeNews FORUM, June 22, 1999.)

"Don't blame the victim." The Blue List, April 12, 1999.

"A worthy euro shouldn't be feared by U.S." The Columbus Dispatch, March 4, 1999.

"Let Ohio public employees ride the bull market, too." The Columbus Dispatch, January 19, 1999. (Also published as: "Give state workers chance to ride the bull market." Business First, February 8, 1999.

"Tax cut would be nice, Santa." The Columbus Dispatch, December 25, 1998.

"Greenspan confidence game should never be underrated." The Columbus Dispatch, November 17, 1998.

"Why the market panic?" The Columbus Dispatch, September 3, 1998. (Also published as: "Non-reasons to panic." Journal of Commerce, September 8, 1998; and on the BridgeNews wire as: "Why not to panic about the U.S. stock market," BridgeNews FORUM, September 3, 1998.)

"Stock market can't be sole solution for ills of the Social Security system." The Columbus Dispatch, August 14, 1998.

"Wake up call." The Blue List, June 8, 1998.

"Inflation monster still hibernating." The Columbus Dispatch, May 19, 1998.

"Medicare needs true market forces." The Columbus Dispatch, March 26, 1998.

"Social Security reality conflicts with Clinton plan." The Columbus Dispatch, February 19, 1998.

"U.S. must beware of Asia's risky markets." The Columbus Dispatch, January 9, 1998.

"Here's the tune the economy is singing." The Columbus Dispatch, December 25, 1997.

"Why balance the U.S. budget?" BridgeNews FORUM, December 3, 1997. (Also published on the BridgeNews wire as: "Why balance the U.S. budget?" BridgeNews FORUM, December 3, 1997.)

With Lee Hoskins, "The Free-Market Remedy For Medicare Maladies," unpublished manuscript, Columbus, Ohio, October 22, 1997.

"U.S. boom has good foundation." The Columbus Dispatch, September 16, 1997.

"It's smooth flying with Greenspan's Fed." Investor's Business Daily, May 15, 1997.

"Budget deal is based on economic trends that won't continue." The Columbus Dispatch, May 8, 1997.

"The Fed will likely brake at 5.75 pct." BridgeNews FORUM, April 4, 1997.

"Zero inflation within grasp, but Greenspan won't reach." The Columbus Dispatch, March 4, 1997.

"Restrained spending key to Ohio growth." The Columbus Dispatch, February 12, 1997. (Also published as "Restrained state spending holds key to economic growth." Perspective on Current Issues, The Buckeye Institute for Public Policy Solutions, February 1997.)

"News from NIRVANA." The Blue List, January 13, 1997.

"Elmo fills unintended role as professor of economics." The Columbus Dispatch, December 25, 1996.

"Diet COLAs? Price-index reform can't cure entitlements bloat." The Columbus Dispatch, December 9, 1996.

"Bonds away: Treasury blasts inflation risk." ABA Banking Journal, December 1996.

"Like 1492's voyage, expectations of flat tax might be unrealistic." The Columbus Dispatch, October 14, 1996. (Also published on the BridgeNews wire as: "What the flat tax and Columbus have in common," BridgeNews FORUM, October 11, 1996.)

"The Fed acted prudently by leaving interest rates alone." The Columbus Dispatch, October 3, 1996.

"Tax policies at root of trade deficit." The Columbus Dispatch, September 28, 1996.

"Layoffs don't propel stock market up." The Columbus Dispatch, August 6, 1996.

"In testimony today, Greenspan should stress Fed's opposition to inflation." The Columbus Dispatch, July 18, 1996.

"Here's lesson of gas prices: market works." The Columbus Dispatch, July 4, 1996.

"Minimum wage: a tail of two cities." ABA Banking Journal, June 1996.

"The case against a Fed tightening this summer." BridgeNews FORUM, June 19, 1996.

"Treasury takes wise step in offering inflation-indexed bonds." The Columbus Dispatch, May 28, 1996.

"Minimum wage is wrong way to help low-skill workers." The Columbus Dispatch, May 2, 1996. (Also published on the BridgeNews wire as: "Raise the U.S. minimum wage? A tail of two cities," BridgeNews FORUM, April 22, 1996; and in the Phoenix Gazette, Denver Post, Journal of Commerce, and Post-Crescent of Appleton, Wisconsin..)

"Stagnant economy should sour voters on Clinton." The Columbus Dispatch, March 14, 1996.

"Buchanan's plan would ruin economy." The Columbus Dispatch, Wednesday, February 21, 1996.

With Sam Staley, "Cutting taxes best way out of business incentive game." Perspective on Current Issues, The Buckeye Institute for Public Policy Solutions, February 16, 1996.

With W. Lee Hoskins, "A Market-Based Solution to the Mexico Peso Crisis." In Money and Markets in the Americas: New Challenges for Hemispheric Integration, edited by James A. Dorn and Roberto Salinas-Leon. Vancouver, British Columbia, Canada: The Fraser Institute, 1996.

"President can't tweak economy to boost own re-election." The Columbus Dispatch, Tuesday, January 30, 1996.

"Will balanced-budget promise be broken?" The Columbus Dispatch, Sunday, December 24, 1995.

"Can Uncle Sam curb spending? That's real issue." The Columbus Dispatch, Friday, November 17, 1995.

"Wise legislation would make inflation-fighting Fed's first goal." The Columbus Dispatch, Tuesday, October 31, 1995.

With W. Lee Hoskins, "Peso Crisis Redux: U.S. Out On Limb." USA Today, October 27, 1995. (Also published in Spanish in Suplemento Economico in Paraguay and Diario Las Americas in Florida).

"Facts deflate claims about widening income gap." The Columbus Dispatch, Sunday, September 24, 1995.

With W. Lee Hoskins, "Mexico: Policy Failure, Moral Hazard and Market Solutions." Cato Institute Policy Analysis no. 243, October 10, 1995.

With W. Lee Hoskins, "Some Observations on Monetary Policy," paper presented at the meeting of the Shadow Open Market Committee, Washington, D.C., September 11, 1995.

With Frank Wobst, "A Time To Turn Outward," Franklin University Commencement speech, August 12, 1995.

"What's ahead? The outlook for banking," Bank Management, July/August 1995, pp. 61-2.

"U.S. should withdraw from troubled World Bank, IMF" The Columbus Dispatch, Monday, July 31, 1995.

"Will Fed reduce interest rates?" The Columbus Dispatch, Sunday, July 2, 1995.

"Region's economy becomes more efficient, diversified." Springfield News, June 11, 1995.

"Trade warriors should heed mom and dad's wise maxims," The Columbus Dispatch, Sunday, June 4, 1995.

"Fairness requires nation to reform capital-gains tax," The Columbus Dispatch, Monday, May 1, 1995.

"Apparent slowdown in economy gives heart to investors," The Columbus Dispatch, Monday, April 3, 1995.

"Big government, not big deficit, is chief problem." The Columbus Dispatch, Thursday, March 2, 1995.

"Bailout won't fix real problems in Mexico." The Columbus Dispatch, Friday, February 3, 1995.

"Outlook grows bright for American economy, especially if tax reforms pass." The Columbus Dispatch, Wednesday, January 11, 1995. (Also published in the Charleston Gazette and Cleveland Plain Dealer.)

"New year dawns amid renewed national prosperity." The Columbus Dispatch, Monday, December 26, 1994.

"New congress could boost economy greatly." The Columbus Dispatch, Thursday, November 24, 1994.

"Predicting Turning Points in the Interest Rate Cycle," in Forecasting Financial and Economic Cycles, ed. Michael P. Niemira and Philip A. Klein (New York: Wiley, 1994).

"The economy: That's all, folks." ABA Banking Journal, July 1994, pp. 19-20.

"Nationwide banking will benefit many." The Columbus Dispatch, Tuesday, May 17, 1994.

"The Regional Economic Impact of the Columbus Zoo," unpublished manuscript, Columbus, Ohio, May 1994.

"Changing interest rates mark one sign on economic highway." The Columbus Dispatch, Monday, April 25, 1994.

With W. Lee Hoskins, "Regulatory Consolidation: A Bad Idea," paper presented at the meeting of the Shadow Open Market Committee, Washington, D.C., March 1, 1994.

Predicting Turning Points in the Interest Rate Cycle.  New York & London: Garland Publishing, 1994.

"Health-care plan is well intentioned, but unworkable." The Columbus Dispatch, Monday, November 8, 1993.

With W. Lee Hoskins, "Views on Interstate Banking," unpublished manuscript, Columbus, Ohio, September 1993.

With W. Lee Hoskins, et al., The Proposed Energy Tax: An Economic Assessment of its Impact on Ohio and the United States.  The Inter-Agency Task Force on Proposed Energy Taxes, Columbus, Ohio, May 1993.

With Frank Wobst, "Preserving Economic Growth and the Proper Role for Public Policy," speech to the Ohio Federation of Soil and Water Conservation Districts, January 11, 1993.

"Hedging the Market Value of Savings Account Balances," working paper, Huntington National Bank Economic Research Department, May 1992.

With Frank Wobst, "Challenges and Opportunities in Banking in the 1990s," Visiting Executive Lecture, The Ohio State University, May 4, 1992.

"Estimating the Elasticity of Consumer Demand for New Cars with Respect to the Perceived Probability of Job Loss," working paper, Huntington National Bank Economic Research Department, February 1992.

With Frank Wobst, "The Economic Transformation of Eastern Europe: A Flight to Freedom," speech to The Ohio State University Learning Guild of The Ohio State University Office of Continuing Education, April 23, 1991.

"Estimating Interest Rate Elasticities of Loan Demand," working paper, Huntington National Bank Economic Research Department, January 1991.

"Optimal Transfer Pricing of Funds Supporting Prime-Based Assets," working paper, Huntington National Bank Economic Research Department, November 1990.

"A Cost of Funds Approach to Anticipating Changes in the Prime Rate," working paper, Huntington National Bank Economic Research Department, October 1990.

 


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