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Daniel Thornton

(deceased)

Personal Details

This person is deceased (Date: 06 May 2024)
First Name:Daniel
Middle Name:L
Last Name:Thornton
Suffix:
RePEc Short-ID:pth2
http://dlthornton.com/
3143489900
Terminal Degree:1976 Economics Department; University of Missouri (from RePEc Genealogy)

Research output

as
Jump to: Working papers Articles Chapters

Working papers

  1. Daniel L. Thornton, 2013. "An Evaluation of Event-Study Evidence on the Effectiveness of the FOMC’s LSAP Program: Are the Announcement Effects Identified?," Working Papers 2013-033, Federal Reserve Bank of St. Louis.
  2. Andrea Monticini & Daniel L. Thornton, 2013. "The effect of underreporting on LIBOR rates," Working Papers 2013-008, Federal Reserve Bank of St. Louis.
  3. Daniel L. Thornton, 2012. "The Federal Reserve’s response to the financial crisis: what it did and what it should have done," Working Papers 2012-050, Federal Reserve Bank of St. Louis.
  4. Daniel L. Thornton, 2012. "Evidence on the portfolio balance channel of quantitative easing," Working Papers 2012-015, Federal Reserve Bank of St. Louis.
  5. Daniel L. Thornton, 2012. "Greenspan’s conundrum and the Fed’s ability to affect long-term yields," Working Papers 2012-036, Federal Reserve Bank of St. Louis.
  6. Clemens J. M. Kool & Daniel L. Thornton, 2012. "How effective is central bank forward guidance?," Working Papers 2012-063, Federal Reserve Bank of St. Louis.
  7. Daniel L. Thornton & Giorgio Valente, 2010. "Predicting bond excess returns with forward rates: an asset-allocation perspective," Working Papers 2010-034, Federal Reserve Bank of St. Louis.
  8. Daniel L. Thornton, 2010. "The effectiveness of unconventional monetary policy: the term auction facility," Working Papers 2010-044, Federal Reserve Bank of St. Louis.
  9. Ellen E. Meade & Daniel L. Thornton, 2010. "The Phillips Curve and US Monetary Policy: What the FOMC Transcripts Tell Us," Working Papers 2010-18, American University, Department of Economics.
  10. Massimo Guidolin & Daniel L. Thornton, 2010. "Predictions of short-term rates and the expectations hypothesis," Working Papers 2010-013, Federal Reserve Bank of St. Louis.
  11. Daniel L. Thornton, 2009. "Resolving the unbiasedness puzzle in the foreign exchange market," Working Papers 2009-002, Federal Reserve Bank of St. Louis.
  12. Daniel L. Thornton, 2009. "The identification of the response of interest rates to monetary policy actions using market-based measures of monetary policy shocks," Working Papers 2009-037, Federal Reserve Bank of St. Louis.
  13. Daniel L. Thornton & Giorgio Valente, 2009. "Revisiting the predictability of bond risk premia," Working Papers 2009-009, Federal Reserve Bank of St. Louis.
  14. Daniel L. Thornton, 2009. "How did we get to inflation targeting and where do we go now? a perspective from the U.S. experience," Working Papers 2009-038, Federal Reserve Bank of St. Louis.
  15. Daniel L. Thornton, 2008. "The unusual behavior of the federal funds and 10-year Treasury rates: a conundrum or Goodhart’s Law?," Working Papers 2007-039, Federal Reserve Bank of St. Louis.
  16. Guidolin, Massimo & Thornton, Daniel L., 2008. "Predictions of short-term rates and the expectations hypothesis of the term structure of interest rates," Working Paper Series 977, European Central Bank.
  17. Thornton, Daniel L., 2008. "The daily and policy-relevant liquidity effects," Working Paper Series 984, European Central Bank.
  18. Daniel L. Thornton, 2008. "Monetary policy: why money matters and interest rates don't," Working Papers 2008-011, Federal Reserve Bank of St. Louis.
  19. Sarno, Lucio & Thornton, Daniel L & Della Corte, Pasquale, 2007. "The Expectation Hypothesis of the Term Structure of Very Short-Term Rates: Statistical Tests and Economic Value," CEPR Discussion Papers 6445, C.E.P.R. Discussion Papers.
  20. Daniel L. Thornton, 2007. "Resolving the unbiasedness and forward premium puzzles," Working Papers 2007-014, Federal Reserve Bank of St. Louis.
  21. Daniel L. Thornton, 2006. "The daily liquidity effect," Working Papers 2006-020, Federal Reserve Bank of St. Louis.
  22. Daniel L. Thornton, 2005. "When did the FOMC begin targeting the federal funds rate? what the verbatim transcripts tell us," Working Papers 2004-015, Federal Reserve Bank of St. Louis.
  23. Sarno, Lucio & Thornton, Daniel L & Valente, Giorgio, 2005. "The Empirical Failure of the Expectations Hypothesis of the Term Structure of Bond Yields," CEPR Discussion Papers 5259, C.E.P.R. Discussion Papers.
  24. Daniel L. Thornton, 2005. "A new federal funds rate target series: September 27, 1982, - December 31, 1993," Working Papers 2005-032, Federal Reserve Bank of St. Louis.
  25. Daniel L. Thornton, 2005. "Open market operations and the federal funds rate," Working Papers 2005-063, Federal Reserve Bank of St. Louis.
  26. Marco Lippi & Daniel L. Thornton, 2004. "A dynamic factor analysis of the response of U. S. interest rates to news," Working Papers 2004-013, Federal Reserve Bank of St. Louis.
  27. Sarno, Lucio & Thornton, Daniel L & Valente, Giorgio, 2004. "Federal Funds Rate Prediction," CEPR Discussion Papers 4587, C.E.P.R. Discussion Papers.
  28. Daniel L. Thornton, 2004. "Tests of the expectations hypothesis: resolving the anomalies when the short-term rate is the federal funds rate," Working Papers 2000-003, Federal Reserve Bank of St. Louis.
  29. Daniel L. Thornton, 2004. "Tests of the expectations hypothesis: resolving the Campbell-Shiller paradox," Working Papers 2003-022, Federal Reserve Bank of St. Louis.
  30. Daniel L. Thornton, 2003. "Forecasting the Treasury's balance at the Fed," Working Papers 2001-004, Federal Reserve Bank of St. Louis.
  31. Clemens J. M. Kool & Daniel L. Thornton, 2003. "A note on the expectations hypothesis at the founding of the Fed," Working Papers 2000-004, Federal Reserve Bank of St. Louis.
  32. Daniel L. Thornton, 2003. "Testing the expectations hypothesis: some new evidence for Japan," Working Papers 2003-033, Federal Reserve Bank of St. Louis.
  33. Lucio Sarno & Daniel L. Thornton, 2003. "The efficient market hypothesis and identification in structural VARs," Working Papers 2003-032, Federal Reserve Bank of St. Louis.
  34. Daniel L. Thornton, 2003. "Monetary policy transparency: transparent about what?," Working Papers 2002-028, Federal Reserve Bank of St. Louis.
  35. Lucio Sarno & Daniel L. Thornton & Yi Wen, 2002. "What's unique about the federal funds rate? evidence from a spectral perspective," Working Papers 2002-029, Federal Reserve Bank of St. Louis.
  36. Sarno, Lucio & Thornton, Daniel L, 2002. "The Dynamic Relationship Between the Federal Funds rate and the Treasury Bill Rate: An Empirical Investigation," CEPR Discussion Papers 3225, C.E.P.R. Discussion Papers.
  37. Daniel L. Thornton, 2000. "The relationship between the federal funds rate and the Fed's federal funds rate target: is it open market or open mouth operations?," Working Papers 1999-022, Federal Reserve Bank of St. Louis.
  38. Kool, C.J.M. & Thornton, D., 2000. "The expectations theory and the founding of the fed: another look at the evidence," Research Memorandum 009, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  39. Daniel L. Thornton, 1998. "Lifting the veil of secrecy from monetary policy: evidence from the Fed's early discount rate policy," Working Papers 1998-003, Federal Reserve Bank of St. Louis.
  40. Daniel L. Thornton, 1998. "The Federal Reserve's operating procedure, nonborrowed reserves, borrowed reserves and the liquidity effect," Working Papers 1998-009, Federal Reserve Bank of St. Louis.
  41. Michael J. Dueker & Daniel L. Thornton, 1997. "Do bank loan rates exhibit a countercyclical mark-up?," Working Papers 1997-004, Federal Reserve Bank of St. Louis.
  42. Daniel L. Thornton, 1996. "Identifying the liquidity effect: the case of nonborrowed reserves," Working Papers 1996-002, Federal Reserve Bank of St. Louis.
  43. Daniel L. Thornton, 1996. "The information content of discount rate announcements: what's behind the announcement effect?," Working Papers 1994-032, Federal Reserve Bank of St. Louis.
  44. Daniel L. Thornton, 1996. "Discount rate policies of five Federal Reserve Chairmen," Working Papers 1996-001, Federal Reserve Bank of St. Louis.
  45. Michael J. Dueker & Daniel L. Thornton, 1994. "Asymmetry in the prime rate and firms' preference for internal finance," Working Papers 1994-017, Federal Reserve Bank of St. Louis.
  46. Daniel L. Thornton, 1992. "The market's reaction to discount changes: what's behind the announcement effect?," Working Papers 1992-003, Federal Reserve Bank of St. Louis.
  47. Daniel L. Thornton, 1992. "Why do T-bill rates react to discount rate changes?," Working Papers 1992-004, Federal Reserve Bank of St. Louis.
  48. Daniel L. Thornton, 1988. "Should consumer expenditures be the scale variable in empirical money demand equations?," Working Papers 1988-003, Federal Reserve Bank of St. Louis.
  49. Daniel L. Thornton, 1988. "Why do market interest rates respond to money announcements?," Working Papers 1988-002, Federal Reserve Bank of St. Louis.
  50. Daniel L. Thornton, 1987. "Unanticipated money and the anticipated liquidity effect: some further evidence," Working Papers 1986-010, Federal Reserve Bank of St. Louis.
  51. Dallas S. Batten & Daniel L. Thornton, 1985. "Weighted monetary aggregates as intermediate targets," Working Papers 1985-010, Federal Reserve Bank of St. Louis.
  52. Dallas S. Batten & Daniel L. Thornton, 1984. "What do Almon's endpoint constraints constrain?," Working Papers 1984-017, Federal Reserve Bank of St. Louis.
  53. Daniel L. Thornton, 1984. "On the treatment of the weighted initial observation in the AR(1) regression model," Working Papers 1984-003, Federal Reserve Bank of St. Louis.
  54. K. Alec Chrystal & Daniel L. Thornton, 1984. "Tests of price sluggishness in the U.K," Working Papers 1984-019, Federal Reserve Bank of St. Louis.
  55. Dallas S. Batten & Daniel L. Thornton, 1984. "Lag length selection and Granger causality," Working Papers 1984-001, Federal Reserve Bank of St. Louis.
  56. Daniel L. Thornton, 1984. "A note on the relative efficiency of the Cochrane-Orcutt and OLS estimators when the autocorrelation process has a finite past," Working Papers 1984-002, Federal Reserve Bank of St. Louis.
  57. Rik Hafer & Daniel L. Thornton, 1984. "Price expectations and the demand for money: a comment," Working Papers 1984-007, Federal Reserve Bank of St. Louis.
  58. Daniel L. Thornton, 1983. "The real-balance effect with resource-using money: a capital-theoretic interpretation," Working Papers 1983-010, Federal Reserve Bank of St. Louis.
  59. Dallas S. Batten & Daniel L. Thornton, 1983. "Complete results for lag length selection," Working Papers 1983-009, Federal Reserve Bank of St. Louis.
  60. Dallas S. Batten & Daniel L. Thornton, 1983. "Discount rate changes and the foreign exchange market," Working Papers 1983-016, Federal Reserve Bank of St. Louis.
  61. Dallas S. Batten & Daniel L. Thornton, 1983. "Lag-length selection criteria: empirical results from the St. Louis equation," Working Papers 1983-008, Federal Reserve Bank of St. Louis.
  62. Daniel L. Thornton, 1983. "The appropriate autocorrelation transformation when the autocorrelation process has a finite past," Working Papers 1982-002, Federal Reserve Bank of St. Louis.
  63. Daniel L. Thornton, 1983. "The appropriate interest rate and scale variable in money demand: results from non-nested tests," Working Papers 1983-006, Federal Reserve Bank of St. Louis.
  64. Dallas S. Batten & Daniel L. Thornton, 1983. "Endpoint constraints and the St. Louis equation: a clarification," Working Papers 1983-001, Federal Reserve Bank of St. Louis.
  65. Dallas S. Batten & Daniel L. Thornton, 1983. "The Andersen-Jordan equation, revisited," Working Papers 1983-015, Federal Reserve Bank of St. Louis.
  66. Daniel L. Thornton, 1982. "The budget constraint, endogenous money and the relative importance of fiscal policy under alternative financing schemes," Working Papers 1982-007, Federal Reserve Bank of St. Louis.

Articles

  1. Cletus C. Coughlin & Daniel L. Thornton, 2022. "Further Evidence on Greenspan’s Conundrum," Review, Federal Reserve Bank of St. Louis, vol. 104(1), pages 70-77.
  2. Daniel L Thornton, 2021. "The financial crisis: what caused it and when and why it ended," Applied Economics, Taylor & Francis Journals, vol. 53(33), pages 3854-3870, July.
  3. Daniel L. Thornton, 2019. "Resolving the unbiasedness and forward premium puzzles," Scottish Journal of Political Economy, Scottish Economic Society, vol. 66(1), pages 5-27, February.
  4. Daniel L. Thornton, 2018. "Greenspan's Conundrum and the Fed's Ability to Affect Long‐Term Yields," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(2-3), pages 513-543, March.
  5. Guidolin, Massimo & Thornton, Daniel L., 2018. "Predictions of short-term rates and the expectations hypothesis," International Journal of Forecasting, Elsevier, vol. 34(4), pages 636-664.
  6. Thornton, Daniel L., 2017. "Effectiveness of QE: An assessment of event-study evidence," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 56-74.
  7. Thornton, Daniel L., 2016. "Guest editor's introduction: What monetary policy can and cannot do," Journal of Macroeconomics, Elsevier, vol. 47(PA), pages 1-4.
  8. Clemens J. M. Kool & Daniel L. Thornton, 2015. "How Effective Is Central Bank Forward Guidance?," Review, Federal Reserve Bank of St. Louis, vol. 97(4), pages 303-322.
  9. Daniel L. Thornton, 2014. "QE: is there a portfolio balance effect?," Review, Federal Reserve Bank of St. Louis, vol. 96(1), pages 55-72.
  10. Daniel L. Thornton, 2014. "Are Virtual “Currencies” Likely to Succeed?," Economic Synopses, Federal Reserve Bank of St. Louis, issue 8.
  11. Thornton, Daniel L., 2014. "Monetary policy: Why money matters (and interest rates don’t)," Journal of Macroeconomics, Elsevier, vol. 40(C), pages 202-213.
  12. Daniel L. Thornton & David C. Wheelock, 2014. "Making sense of dissents: a history of FOMC dissents," Review, Federal Reserve Bank of St. Louis, vol. 96(3), pages 213-227.
  13. Daniel L. Thornton, 2014. "The identification of the response of interest rates to monetary policy actions using market-based measures of monetary policy shocks," Oxford Economic Papers, Oxford University Press, vol. 66(1), pages 67-87, January.
  14. Daniel L. Thornton, 2014. "Has QE been effective?," Economic Synopses, Federal Reserve Bank of St. Louis, issue 3.
  15. Daniel L. Thornton, 2013. "A perspective on possible Fed exit strategies," Economic Synopses, Federal Reserve Bank of St. Louis.
  16. Daniel L. Thornton, 2013. "Why is output growth so slow?," Economic Synopses, Federal Reserve Bank of St. Louis.
  17. Daniel L. Thornton, 2013. "Does the economy need more spending now?," Economic Synopses, Federal Reserve Bank of St. Louis.
  18. Monticini, Andrea & Thornton, Daniel L., 2013. "The effect of underreporting on LIBOR rates," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 345-348.
  19. Daniel L. Thornton, 2013. "Is the FOMC’s unemployment rate threshold a good idea?," Economic Synopses, Federal Reserve Bank of St. Louis.
  20. Daniel L. Thornton, 2013. "Is nominal GDP targeting a rule policymakers could accept?," Economic Synopses, Federal Reserve Bank of St. Louis.
  21. Ellen E. Meade & Daniel L. Thornton, 2012. "The Phillips curve and US monetary policy: what the FOMC transcripts tell us," Oxford Economic Papers, Oxford University Press, vol. 64(2), pages 197-216, April.
  22. Daniel L. Thornton, 2012. "Quantitative easing and money growth: potential for higher inflation?," Economic Synopses, Federal Reserve Bank of St. Louis.
  23. Daniel L. Thornton, 2012. "The dual mandate: has the Fed changed its objective?," Review, Federal Reserve Bank of St. Louis, vol. 94(Mar), pages 117-134.
  24. Daniel L. Thornton, 2012. "The efficacy of the FOMC’s zero interest rate policy," Economic Synopses, Federal Reserve Bank of St. Louis.
  25. Kevin L. Kliesen & Daniel L. Thornton, 2012. "How good are the government’s deficit and debt projections and should we care?," Review, Federal Reserve Bank of St. Louis, vol. 94(Jan), pages 21-39.
  26. Leo Krippner & Daniel L. Thornton, 2012. "A proposal for improving forward guidance," Economic Synopses, Federal Reserve Bank of St. Louis.
  27. Daniel L. Thornton & Giorgio Valente, 2012. "Out-of-Sample Predictions of Bond Excess Returns and Forward Rates: An Asset Allocation Perspective," The Review of Financial Studies, Society for Financial Studies, vol. 25(10), pages 3141-3168.
  28. Daniel L. Thornton, 2012. "Verbal guidance and the efficacy of forward guidance," Economic Synopses, Federal Reserve Bank of St. Louis.
  29. Daniel L. Thornton, 2012. "The U.S. deficit/debt problem: a longer-run perspective," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 441-456.
  30. Daniel L. Thornton, 2012. "The efficacy of monetary policy: a tale from two decades," Economic Synopses, Federal Reserve Bank of St. Louis.
  31. Daniel L. Thornton, 2012. "How did we get to inflation targeting and where do we need to go to now? a perspective from the U.S. experience," Review, Federal Reserve Bank of St. Louis, vol. 94(Jan), pages 65-81.
  32. Daniel L. Thornton, 2011. "What does the change in the FOMC's statement of objectives mean?," Economic Synopses, Federal Reserve Bank of St. Louis.
  33. Kevin L. Kliesen & Daniel L. Thornton, 2011. "The federal debt: too little revenue or too much spending," Economic Synopses, Federal Reserve Bank of St. Louis.
  34. Daniel L. Thornton, 2011. "Is the FOMC’s policy inflating asset prices?," Economic Synopses, Federal Reserve Bank of St. Louis.
  35. Daniel L. Thornton, 2011. "Core versus headline inflation again," Economic Synopses, Federal Reserve Bank of St. Louis.
  36. Daniel L. Thornton, 2011. "The effectiveness of unconventional monetary policy: the term auction facility," Review, Federal Reserve Bank of St. Louis, vol. 93(Nov), pages 439-454.
  37. Kevin L. Kliesen & Daniel L. Thornton, 2011. "Tax rates and revenue since the 1970s," Economic Synopses, Federal Reserve Bank of St. Louis.
  38. Daniel L. Thornton, 2011. "Inflation objective and policy credibility: a potential problem for the FOMC," Economic Synopses, Federal Reserve Bank of St. Louis.
  39. Juan M. Sanchez & Daniel L. Thornton, 2011. "Why is employment growth so low?," Economic Synopses, Federal Reserve Bank of St. Louis.
  40. Kevin L. Kliesen & Daniel L. Thornton, 2011. "The federal debt: what’s the source of the increase in spending?," Economic Synopses, Federal Reserve Bank of St. Louis.
  41. Daniel L. Thornton, 2011. "The FOMC’s interest rate policy: how long is the long run?," Economic Synopses, Federal Reserve Bank of St. Louis.
  42. Daniel L. Thornton, 2011. "Core versus headline inflation: an opportunity for greater transparency," Economic Synopses, Federal Reserve Bank of St. Louis.
  43. Daniel L. Thornton, 2011. "Monetary policy at the zero bound," Economic Synopses, Federal Reserve Bank of St. Louis.
  44. Daniel L. Thornton, 2010. "Which comes first: inflation or the FOMC's funds rate target?," Economic Synopses, Federal Reserve Bank of St. Louis.
  45. Daniel L. Thornton, 2010. "Would QE2 have a significant effect on economic growth, employment, or inflation?," Economic Synopses, Federal Reserve Bank of St. Louis.
  46. Daniel L. Thornton, 2010. "Monetary policy and longer-term rates: an opportunity for greater transparency," Economic Synopses, Federal Reserve Bank of St. Louis.
  47. Daniel L. Thornton, 2010. "The relationship between the daily and policy-relevant liquidity effects," Review, Federal Reserve Bank of St. Louis, vol. 92(Jan), pages 73-88.
  48. Daniel L. Thornton, 2010. "The downside of quantitative easing," Economic Synopses, Federal Reserve Bank of St. Louis.
  49. Daniel L. Thornton, 2010. "Monetizing the debt," Economic Synopses, Federal Reserve Bank of St. Louis.
  50. Daniel L. Thornton, 2010. "Can the FOMC increase the funds rate without reducing reserves?," Economic Synopses, Federal Reserve Bank of St. Louis.
  51. Daniel L. Thornton, 2009. "Would quantitative easing sooner have tempered the financial crisis and economic recession?," Economic Synopses, Federal Reserve Bank of St. Louis.
  52. Daniel L. Thornton, 2009. "Is there less agreement about inflation?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jan.
  53. Daniel L. Thornton, 2009. "Personal saving and economic growth," Economic Synopses, Federal Reserve Bank of St. Louis.
  54. Daniel L. Thornton, 2009. "What caused long-term rates to rise?," Economic Synopses, Federal Reserve Bank of St. Louis.
  55. Daniel L. Thornton, 2009. "What the Libor-OIS spread says," Economic Synopses, Federal Reserve Bank of St. Louis.
  56. Daniel L. Thornton, 2009. "The effect of the Fed’s purchase of long-term treasuries on the yield curve," Economic Synopses, Federal Reserve Bank of St. Louis.
  57. Daniel L. Thornton, 2009. "The case for \\"inflation first\\" monetary policy," Economic Synopses, Federal Reserve Bank of St. Louis.
  58. Daniel L. Thornton, 2009. "A perspective on the current recession: it's not the \\"worst case\\" yet," Economic Synopses, Federal Reserve Bank of St. Louis.
  59. Daniel L. Thornton, 2009. "The Fed, liquidity, and credit allocation," Review, Federal Reserve Bank of St. Louis, vol. 91(Jan), pages 13-22.
  60. Daniel L. Thornton, 2009. "Negating the inflation potential of the Fed's lending programs," Economic Synopses, Federal Reserve Bank of St. Louis.
  61. Daniel J. McDonald & Daniel L. Thornton, 2008. "A primer on the mortgage market and mortgage finance," Review, Federal Reserve Bank of St. Louis, vol. 90(Jan), pages 31-46.
  62. Daniel L. Thornton, 2008. "Walter Bagehot, the discount window, and TAF," Economic Synopses, Federal Reserve Bank of St. Louis.
  63. Daniel L. Thornton, 2008. "Housing and the \"R\" word," National Economic Trends, Federal Reserve Bank of St. Louis, issue Feb.
  64. Della Corte, Pasquale & Sarno, Lucio & Thornton, Daniel L., 2008. "The expectation hypothesis of the term structure of very short-term rates: Statistical tests and economic value," Journal of Financial Economics, Elsevier, vol. 89(1), pages 158-174, July.
  65. Daniel L. Thornton, 2007. "Measure for measure: headline versus core inflation," Monetary Trends, Federal Reserve Bank of St. Louis, issue Sep.
  66. Daniel L. Thornton, 2007. "The lower and upper bounds of the Federal Open Market Committee's long-run inflation objective," Review, Federal Reserve Bank of St. Louis, vol. 89(May), pages 183-194.
  67. Sarno, Lucio & Thornton, Daniel L. & Valente, Giorgio, 2007. "The Empirical Failure of the Expectations Hypothesis of the Term Structure of Bond Yields," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 42(1), pages 81-100, March.
  68. Daniel L. Thornton, 2007. "Subprime side effects in the federal funds market," Monetary Trends, Federal Reserve Bank of St. Louis, issue Oct.
  69. Daniel L. Thornton, 2007. "The federal funds and long-term rates," Monetary Trends, Federal Reserve Bank of St. Louis, issue May.
  70. Daniel L. Thornton, 2007. "Open market operations and the federal funds rate," Review, Federal Reserve Bank of St. Louis, vol. 89(Nov), pages 549-570.
  71. Lucio Sarno & Daniel L. Thornton & Yi Wen, 2007. "What's Unique About the Federal Funds Rate? Evidence from a Spectral Perspective," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(2), pages 293-319, April.
  72. Daniel L. Thornton, 2006. "The Fed's inflation objective," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jul.
  73. Thornton, Daniel L., 2006. "Tests of the Expectations Hypothesis: Resolving the Campbell-Shiller Paradox," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(2), pages 511-542, March.
  74. Daniel L. Thornton, 2006. "\"Measured pace\" in the conduct of monetary policy," Monetary Trends, Federal Reserve Bank of St. Louis, issue Mar.
  75. Robert H. Rasche & Daniel L. Thornton, 2006. "Greenspan's unconventional view of the long-run inflation/output trade-off," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jan.
  76. Daniel L. Thornton, 2005. "Social security, saving, and wealth accumulation," National Economic Trends, Federal Reserve Bank of St. Louis, issue May.
  77. Daniel L. Thornton, 2005. "The monetary policy transmission mechanism?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Sep.
  78. Thornton, Daniel L., 2005. "Tests of the expectations hypothesis: Resolving the anomalies when the short-term rate is the federal funds rate," Journal of Banking & Finance, Elsevier, vol. 29(10), pages 2541-2556, October.
  79. Sarno, Lucio & Thornton, Daniel L & Valente, Giorgio, 2005. "Federal Funds Rate Prediction," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(3), pages 449-471, June.
  80. Thomas A. Garrett & Daniel L. Thornton, 2004. "Public officials and job creation," National Economic Trends, Federal Reserve Bank of St. Louis, issue Sep.
  81. Thornton, Daniel L., 2004. "The Fed and short-term rates: Is it open market operations, open mouth operations or interest rate smoothing?," Journal of Banking & Finance, Elsevier, vol. 28(3), pages 475-498, March.
  82. Daniel L. Thornton, 2004. "Forecasting the Treasury's balance at the Fed," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 23(5), pages 357-371.
  83. Daniel L. Thornton, 2004. "Testing the expectations hypothesis: some new evidence for Japan," Review, Federal Reserve Bank of St. Louis, vol. 86(Sep), pages 21-40.
  84. Kool, Clemens J. M. & Thornton, Daniel L., 2004. "A note on the expectations hypothesis at the founding of the Fed," Journal of Banking & Finance, Elsevier, vol. 28(12), pages 3055-3068, December.
  85. Lucio Sarno & Daniel L. Thornton, 2004. "The efficient market hypothesis and identification in structural VARs," Review, Federal Reserve Bank of St. Louis, vol. 86(Jan), pages 49-60.
  86. Richard G. Anderson & Daniel L. Thornton, 2004. "The FOMCs considerable period," Monetary Trends, Federal Reserve Bank of St. Louis, issue Feb.
  87. Daniel L. Thornton, 2004. "Making monetary policy more transparent," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jan.
  88. Daniel L. Thornton, 2003. "How effective is monetary policy?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jan.
  89. Daniel L. Thornton, 2003. "Alternative policy weapons?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Aug.
  90. Daniel L. Thornton, 2003. "Monetary policy transparency: transparent about what?," Manchester School, University of Manchester, vol. 71(5), pages 478-497, September.
  91. Daniel L. Thornton, 2003. "Predictability and effectiveness of monetary policy," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jul.
  92. Sarno, Lucio & Thornton, Daniel L., 2003. "The dynamic relationship between the federal funds rate and the Treasury bill rate: An empirical investigation," Journal of Banking & Finance, Elsevier, vol. 27(6), pages 1079-1110, June.
  93. Daniel L. Thornton, 2002. "Withering dissents," Monetary Trends, Federal Reserve Bank of St. Louis, issue Aug.
  94. Robert H. Rasche & Daniel L. Thornton, 2002. "The FOMC's balance-of-risks statement and market expectations of policy actions," Review, Federal Reserve Bank of St. Louis, vol. 84(Sep), pages 37-50.
  95. William Poole & Robert H. Rasche & Daniel L. Thornton, 2002. "Market anticipations of monetary policy actions," Review, Federal Reserve Bank of St. Louis, vol. 84(Jul), pages 65-94.
  96. Kevin L. Kliesen & Daniel L. Thornton, 2002. "Does a mild recession imply a weak recovery?," National Economic Trends, Federal Reserve Bank of St. Louis, issue Apr.
  97. Robert H. Rasche & Daniel L. Thornton, 2001. "The monetary/fiscal policy debate: a controlled experiment," Monetary Trends, Federal Reserve Bank of St. Louis, issue Oct.
  98. Kevin L. Kliesen & Daniel L. Thornton, 2001. "The expected federal budget surplus: how much confidence should the public and policymakers place in the projections?," Review, Federal Reserve Bank of St. Louis, vol. 83(Mar), pages 11-24.
  99. Daniel L. Thornton, 2001. "Identifying the liquidity effect at the daily frequency," Review, Federal Reserve Bank of St. Louis, vol. 83(Jul), pages 59-82.
  100. Daniel L. Thornton, 2001. "The codification of an FOMC procedure," Monetary Trends, Federal Reserve Bank of St. Louis, issue Mar.
  101. Daniel L. Thornton & David C. Wheelock, 2001. "Interest rate targets abandoned," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jun.
  102. Daniel L. Thornton, 2001. "What accounts for the reduced frequency of Fed actions?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Apr.
  103. Thornton, Daniel L., 2001. "The Federal Reserve's operating procedure, nonborrowed reserves, borrowed reserves and the liquidity effect," Journal of Banking & Finance, Elsevier, vol. 25(9), pages 1717-1739, September.
  104. Daniel L. Thornton, 2000. "Money in a theory of exchange," Review, Federal Reserve Bank of St. Louis, vol. 82(Jan), pages 35-60.
  105. Daniel L. Thornton, 2000. "An experiment is underway," Monetary Trends, Federal Reserve Bank of St. Louis, issue Feb.
  106. Thornton, Daniel L, 2000. "Lifting the Veil of Secrecy from Monetary Policy: Evidence from the Fed's Early Discount Rate Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(2), pages 155-167, May.
  107. Daniel L. Thornton & David C. Wheelock, 2000. "A history of the asymmetric policy directive," Review, Federal Reserve Bank of St. Louis, vol. 82(Sep), pages 1-16.
  108. Daniel L. Thornton, 2000. "The golden dollar: the early evidence," Monetary Trends, Federal Reserve Bank of St. Louis, issue Dec.
  109. Cletus C. Coughlin & Daniel L. Thornton, 2000. "The exceptional 1990s," National Economic Trends, Federal Reserve Bank of St. Louis, issue Mar.
  110. Daniel L. Thornton, 1999. "Nominal interest rates: less than zero?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Jan.
  111. Daniel L. Thornton, 1999. "The funds rate target and interest rates," Monetary Trends, Federal Reserve Bank of St. Louis, issue Sep.
  112. Daniel L. Thornton, 1998. "The importance of an asymmetric directive," Monetary Trends, Federal Reserve Bank of St. Louis, issue Aug.
  113. Daniel L. Thornton, 1998. "Tests of the market's reaction to federal funds rate target changes," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 25-36.
  114. John C. Robertson & Daniel L. Thornton, 1997. "Using federal funds futures rates to predict Federal Reserve actions," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 45-53.
  115. Daniel L. Thornton, 1996. "The costs and benefits of price stability: an assessment of Howitt's rule," Review, Federal Reserve Bank of St. Louis, vol. 78(Mar), pages 23-38.
  116. Daniel L. Thornton, 1996. "Does the Fed's new policy of immediate disclosure affect the market?," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 77-88.
  117. Garfinkel, Michelle R & Thornton, Daniel L, 1995. "The Information Content of the Federal Funds Rate: Is It Unique?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(3), pages 838-847, August.
  118. David R. Allardice & Daniel L. Thornton, 1995. "Channels of monetary policy. Proceedings of the Nineteenth Annual Economic Policy Conference held October 20-21, 1994," Proceedings, Federal Reserve Bank of St. Louis, issue May.
  119. Daniel L. Thornton & David C. Wheelock, 1995. "Channels of monetary policy : conference introduction," Proceedings, Federal Reserve Bank of St. Louis, issue May, pages 1-1.
  120. Alvin L. Marty & Daniel L. Thornton, 1995. "Is there a case for \\"moderate\\" inflation?," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 27-38.
  121. Daniel L. Thornton, 1994. "Financial innovation, deregulation and the \\"credit view\\" of monetary policy," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 31-49.
  122. Thornton, Daniel L, 1994. "Why Do T-Bill Rates React to Discount Rate Changes?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(4), pages 839-850, November.
  123. Daniel L. Thornton & Piyu Yue, 1992. "An extended series of divisia monetary aggregates," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 35-52.
  124. Daniel L. Thornton, 1992. "Targeting M2: the issue of monetary control," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 23-35.
  125. Michelle R. Garfinkel & Daniel L. Thornton, 1991. "Alternative measures of the monetary base: what are the differences and are they important?," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 19-35.
  126. David A. Dickey & Dennis W. Jansen & Daniel L. Thornton, 1991. "A primer on cointegration with an application to money and income," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 58-78.
  127. Michelle R. Garfinkel & Daniel L. Thornton, 1991. "The multiplier approach to the money supply process: a precautionary note," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 47-64.
  128. Daniel L. Thornton, 1990. "Do government deficits matter?," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 25-39.
  129. Thornton, Daniel L., 1990. "Comments on "Modeling money demand in large industrial countries: Buffer stock and error correction approaches"," Journal of Policy Modeling, Elsevier, vol. 12(2), pages 463-467.
  130. Daniel L. Thornton, 1989. "Tests of covered interest rate parity," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 55-66.
  131. Thornton, Daniel L., 1989. "The effect of unanticipated money on the money and foreign exchange markets," Journal of International Money and Finance, Elsevier, vol. 8(4), pages 573-587, December.
  132. Michelle R. Garfinkel & Daniel L. Thornton, 1989. "The link between M1 and the monetary base in the 198O's," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 35-52.
  133. Daniel L. Thornton, 1988. "The borrowed-reserves operating procedures: theory and evidence," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 30-54.
  134. Daniel L. Thornton, 1988. "The effect of monetary policy on short-term interest rates," Review, Federal Reserve Bank of St. Louis, issue May, pages 53-72.
  135. K. Alec Chrystal & Daniel L. Thornton, 1988. "The macroeconomic effects of deficit spending: a review," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 48-60.
  136. Alec Chrystal, K. & Thornton, Daniel L., 1988. "On the informational content of spot and forward exchange rates," Journal of International Money and Finance, Elsevier, vol. 7(3), pages 321-330, September.
  137. Thornton, Daniel L., 1987. "A note on the efficiency of the cochrane-orcutt estimator of the ar(1) regression model," Journal of Econometrics, Elsevier, vol. 36(3), pages 369-376, November.
  138. Courtenay C. Stone & Daniel L. Thornton, 1987. "Solving the 1980s' velocity puzzle: a progress report," Review, Federal Reserve Bank of St. Louis, issue Aug, pages 5-23.
  139. Dallas S. Batten & Daniel L. Thornton, 1986. "The monetary-fiscal policy debate and the Andersen-Jordan equation," Review, Federal Reserve Bank of St. Louis, issue Oct, pages 9-17.
  140. Kenneth C. Carraro & Daniel L. Thornton, 1986. "The cost of checkable deposits in the United States," Review, Federal Reserve Bank of St. Louis, issue Apr, pages 19-27.
  141. Daniel L. Thornton, 1986. "The discount rate and market interest rates: theory and evidence," Review, Federal Reserve Bank of St. Louis, issue Aug, pages 5-21.
  142. Hafer, R W & Thornton, Daniel L, 1986. "Price Expectations and the Demand for Money: A Comment," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 539-542, August.
  143. Batten, Dallas S. & Thornton, Daniel L., 1985. "The Andersen-Jordan equation revisited," Journal of Macroeconomics, Elsevier, vol. 7(3), pages 419-432.
  144. Carr, Jack & Darby, Michael R. & Thornton, Daniel L., 1985. "Monetary anticipations and the demand for money: Reply to MacKinnon and Milbourne," Journal of Monetary Economics, Elsevier, vol. 16(2), pages 251-257, September.
  145. Daniel L. Thornton, 1985. "Money demand dynamics: some new evidence," Review, Federal Reserve Bank of St. Louis, vol. 67(Mar), pages 14-23.
  146. Dallas S. Batten & Daniel L. Thornton, 1985. "The discount rate, interest rates and foreign exchange rates: an analysis with daily data," Review, Federal Reserve Bank of St. Louis, vol. 67(Feb), pages 22-30.
  147. Dallas S. Batten & Daniel L. Thornton, 1985. "Are weighted monetary aggregates better than simple-sum M1?," Review, Federal Reserve Bank of St. Louis, vol. 67(Jun), pages 29-40.
  148. Thornton, Daniel L & Batten, Dallas S, 1985. "Lag-Length Selection and Tests of Granger Causality between Money and Income," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(2), pages 164-178, May.
  149. Thornton, Daniel L., 1984. "The government budget constraint with endogenous money," Journal of Macroeconomics, Elsevier, vol. 6(1), pages 57-67.
  150. Dallas S. Batten & Daniel L. Thornton, 1984. "How robust are the policy conclusions of the St. Louis equation?: some further evidence," Review, Federal Reserve Bank of St. Louis, vol. 66(Jun).
  151. Daniel L. Thornton, 1984. "An early look at the volatility of money and interest rates under CRR," Review, Federal Reserve Bank of St. Louis, vol. 66(Oct), pages 26-32.
  152. Batten, Dallas S. & Thornton, Daniel L., 1984. "Discount rate changes and the foreign exchange market," Journal of International Money and Finance, Elsevier, vol. 3(3), pages 279-292, December.
  153. Daniel L. Thornton, 1983. "Why does velocity matter?," Review, Federal Reserve Bank of St. Louis, vol. 65(Dec), pages 5-13.
  154. Dallas S. Batten & Daniel L. Thornton, 1983. "M1 or M2: which is the better monetary target?," Review, Federal Reserve Bank of St. Louis, vol. 65(Jun), pages 36-42.
  155. Dallas S. Batten & Daniel L. Thornton, 1983. "Polynomial distributed lags and the estimation of the St. Louis equation," Review, Federal Reserve Bank of St. Louis, vol. 65(Apr), pages 13-25.
  156. Daniel L. Thornton, 1983. "Lagged and contemporaneous reserve accounting: an alternative view," Review, Federal Reserve Bank of St. Louis, vol. 65(Nov), pages 26-33.
  157. Daniel L. Thornton, 1983. "The FOMC in 1982: de-emphasizing M1," Review, Federal Reserve Bank of St. Louis, vol. 65(Jun), pages 26-35.
  158. Thornton, Daniel L., 1983. "Money, net wealth, and the real-balance effect," Journal of Macroeconomics, Elsevier, vol. 5(1), pages 105-117.
  159. Daniel L. Thornton, 1982. "The discount rate and market interest rates: what's the connection?," Review, Federal Reserve Bank of St. Louis, vol. 64(Jun), pages 3-14.
  160. Daniel L. Thornton, 1982. "The FOMC in 1981: monetary control in a changing financial environment," Review, Federal Reserve Bank of St. Louis, vol. 64(Apr), pages 3-22.
  161. Daniel L. Thornton, 1982. "Simple analytics of the money supply process and monetary control," Review, Federal Reserve Bank of St. Louis, vol. 64(Oct), pages 22-39.
  162. Thornton, Daniel L, 1982. "Maximum Likelihood Estimates of a Partial Adjustment-Adaptive Expectations Model of the Demand for Money," The Review of Economics and Statistics, MIT Press, vol. 64(2), pages 325-329, May.
  163. Thornton, Daniel L. & Smith, Paul E., 1980. "The empirical significance of the real balance effect," Journal of Macroeconomics, Elsevier, vol. 2(3), pages 213-232.
    RePEc:kuk:journl:v:49:y:2016:i:4:p:485-505 is not listed on IDEAS

Chapters

  1. David A. Dickey & Dennis W. Jansen & Daniel L. Thornton, 1994. "A Primer on Cointegration with an Application to Money and Income," Palgrave Macmillan Books, in: B. Bhaskara Rao (ed.), Cointegration, chapter 2, pages 9-45, Palgrave Macmillan.

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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 45 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MON: Monetary Economics (36) 2000-03-06 2001-02-08 2001-02-08 2001-08-16 2002-07-04 2002-12-09 2002-12-09 2003-06-16 2004-08-09 2004-09-30 2005-01-10 2005-01-10 2005-02-13 2005-07-11 2005-09-29 2005-10-04 2006-04-29 2007-01-02 2007-06-23 2007-10-06 2008-05-17 2009-08-02 2009-09-26 2009-09-26 2010-06-04 2010-07-24 2010-11-27 2012-04-10 2012-06-25 2012-08-23 2012-10-06 2012-11-17 2013-01-07 2013-03-23 2013-11-14 2014-07-13. Author is listed
  2. NEP-MAC: Macroeconomics (25) 2003-03-14 2003-10-28 2003-10-28 2004-01-18 2004-01-18 2004-08-09 2004-09-30 2005-02-13 2005-09-29 2005-10-04 2006-04-29 2007-06-23 2007-09-30 2007-10-06 2008-05-17 2009-09-26 2009-09-26 2010-06-04 2010-07-24 2012-04-10 2012-06-25 2012-08-23 2012-10-06 2012-11-17 2014-07-13. Author is listed
  3. NEP-CBA: Central Banking (16) 2002-07-04 2005-02-13 2006-04-29 2007-06-23 2008-05-17 2009-08-02 2009-09-26 2009-09-26 2010-06-04 2010-07-24 2010-11-27 2012-04-10 2012-08-23 2012-11-17 2013-01-07 2014-07-13. Author is listed
  4. NEP-ETS: Econometric Time Series (6) 2002-02-15 2003-10-28 2004-01-18 2004-08-09 2004-08-09 2004-09-30. Author is listed
  5. NEP-FIN: Finance (4) 2002-07-04 2003-06-16 2004-08-09 2004-09-30
  6. NEP-FMK: Financial Markets (4) 2003-03-14 2005-10-04 2007-01-02 2009-08-02
  7. NEP-FOR: Forecasting (4) 2010-06-04 2010-10-16 2012-04-10 2014-07-13
  8. NEP-IFN: International Finance (2) 2007-06-23 2009-08-02
  9. NEP-RMG: Risk Management (2) 2002-12-09 2004-01-18
  10. NEP-ECM: Econometrics (1) 2005-02-13
  11. NEP-HIS: Business, Economic and Financial History (1) 2005-07-11
  12. NEP-HPE: History and Philosophy of Economics (1) 2012-11-17
  13. NEP-UPT: Utility Models and Prospect Theory (1) 2007-06-23

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