Joshua R. Hendrickson

University of Mississippi

Oxford, MS 38677

United States

SCHOLARLY PAPERS

53

DOWNLOADS
Rank 6,505

SSRN RANKINGS

Top 6,505

in Total Papers Downloads

12,512

SSRN CITATIONS
Rank 10,863

SSRN RANKINGS

Top 10,863

in Total Papers Citations

104

CROSSREF CITATIONS

47

Scholarly Papers (53)

1.

The Political Economy of Bitcoin

Number of pages: 30 Posted: 29 Nov 2014 Last Revised: 22 May 2018
Joshua R. Hendrickson, Thomas L. Hogan and William J. Luther
University of Mississippi, American Institute for Economic Research and Florida Atlantic University
Downloads 2,337 (12,095)
Citation 6

Abstract:

Loading...

Money matching, Random matching, Endogenous matching, Cryptocurrency, Bitcoin

2.

The Treasury Standard: Causes and Consequences

Number of pages: 73 Posted: 12 Apr 2024
Joshua R. Hendrickson
University of Mississippi
Downloads 1,171 (34,702)

Abstract:

Loading...

political economy of money, institutions, monetary systems

3.

Banning Bitcoin

AIER Sound Money Project Working Paper No. 2020-07
Number of pages: 19 Posted: 14 Oct 2016 Last Revised: 22 Sep 2020
Joshua R. Hendrickson and William J. Luther
University of Mississippi and Florida Atlantic University
Downloads 664 (75,400)
Citation 14

Abstract:

Loading...

Ban, Bitcoin, Cryptocurrency, Currency, Endogenous matching, Money, Money matching, Political economy, Random matching, Transactions policy

4.

Evolution, Uncertainty, and the Asymptotic Efficiency of Policy

AIER Sound Money Project Working Paper No. 2020-15, Free Market Institute Research Paper No. 3251917
Number of pages: 22 Posted: 11 Oct 2018 Last Revised: 03 May 2022
Brian C. Albrecht, Joshua R. Hendrickson and Alexander William Salter
International Center for Law & Economics (ICLE), University of Mississippi and Texas Tech University - Rawls College of Business
Downloads 609 (83,966)
Citation 3

Abstract:

Loading...

Real Option, Political Coase Theorem, Evolution, Efficiency, Alchian

5.

How Did the Gold Standard Really Work? A Comparison of the Price-Specie-Flow Mechanism and the Monetary Approach to the Balance of Payments

Number of pages: 28 Posted: 10 Mar 2021
Kwabena Boateng and Joshua R. Hendrickson
University of Mississippi - Department of Economics and University of Mississippi
Downloads 539 (97,950)
Citation 1

Abstract:

Loading...

commodity money, gold standard, monetary approach to balance of payments, price-specie-flow mechanism

6.

Cash, Crime, and Cryptocurrencies

AIER Sound Money Project Working Paper No. 2019-01
Number of pages: 32 Posted: 25 Feb 2019
Joshua R. Hendrickson and William J. Luther
University of Mississippi and Florida Atlantic University
Downloads 527 (100,702)
Citation 6

Abstract:

Loading...

bitcoin, cash, crime, criminal activity, cryptocurrency, currency, money, money matching, political economy, tax, taxation; tax evasion

7.

The Value of Bitcoin in the Year 2141 (and Beyond!)

AIER Sound Money Project Working Paper No. 2021-06
Number of pages: 28 Posted: 14 May 2021
Joshua R. Hendrickson and William J. Luther
University of Mississippi and Florida Atlantic University
Downloads 392 (142,707)
Citation 2

Abstract:

Loading...

bitcoin, cryptocurrency, currency, demand for money, fiat money

8.

Money, Liquidity, and the Structure of Production

Journal of Economic Dynamics and Control, Vol. 73, 2016
Number of pages: 33 Posted: 22 Feb 2015 Last Revised: 15 Mar 2017
Joshua R. Hendrickson and Alexander William Salter
University of Mississippi and Texas Tech University - Rawls College of Business
Downloads 379 (148,163)
Citation 9

Abstract:

Loading...

forced saving, monetary policy, optimal stopping times, entry and exit

9.

U.S. Maritime Policy and Economic Efficiency

Number of pages: 40 Posted: 25 Nov 2019
Joshua R. Hendrickson
University of Mississippi
Downloads 305 (187,205)
Citation 1

Abstract:

Loading...

maritime policy, Jones Act, national defense

10.

If It Were A Snake, It Would Have Bitten You: Money In The New Keynesian Model

AIER Sound Money Project Working Paper No. 2023-02
Number of pages: 29 Posted: 14 Dec 2022
Joshua R. Hendrickson and Ronald Mau
University of Mississippi and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 284 (201,720)

Abstract:

Loading...

New Keynesian model, Taylor rule, velocity of money, money demand, quantity equation, optimal monetary policy, Bayesian estimation, policy rate lower bound

11.

Nominal GDP Targeting and the Taylor Rule on an Even Playing Field

AIER Sound Money Project Working Paper No. 2018-10
Number of pages: 25 Posted: 09 Jun 2016 Last Revised: 30 Sep 2018
David Beckworth and Joshua R. Hendrickson
Mercatus Center at George Mason University and University of Mississippi
Downloads 279 (205,351)
Citation 4

Abstract:

Loading...

Nominal GDP Targeting, Imperfect Information, Monetary Policy

12.

Bitcoin: What Does Mainstream Economics Have to Say?

AIER Sound Money Project Working Paper No. 2024-07
Number of pages: 49 Posted: 30 Mar 2024
Joshua R. Hendrickson
University of Mississippi
Downloads 254 (225,687)

Abstract:

Loading...

bitcoin, cryptocurrency, sound money

13.

Preventing Plunder: Military Technology, Capital Accumulation, and Economic Growth

Number of pages: 47 Posted: 28 Aug 2017 Last Revised: 22 Jul 2018
Joshua R. Hendrickson, Alexander William Salter and Brian C. Albrecht
University of Mississippi, Texas Tech University - Rawls College of Business and International Center for Law & Economics (ICLE)
Downloads 233 (245,485)
Citation 11

Abstract:

Loading...

national defense, economic growth, military technology

14.
Downloads 228 (250,637)
Citation 2

Is the Quantity Theory Dead? Lessons from the Pandemic

Number of pages: 11 Posted: 14 Dec 2022
Joshua R. Hendrickson
University of Mississippi
Downloads 163 (339,016)

Abstract:

Loading...

quantity theory, money, monetary policy, pandemic

Is the Quantity Theory Dead? Lessons from the Pandemic

Mercatus Research Paper
Number of pages: 13 Posted: 20 Jan 2023
Joshua R. Hendrickson
University of Mississippi
Downloads 65 (645,951)

Abstract:

Loading...

monetary policy, money, pandemic, quantity theory

15.

The Case Against Eliminating Large Denomination Bills

AIER Sound Money Project Working Paper No. 2020-10
Number of pages: 30 Posted: 29 Apr 2018 Last Revised: 18 Mar 2021
Joshua R. Hendrickson and Jaevin Park
University of Mississippi and Soongsil University
Downloads 222 (257,048)
Citation 3

Abstract:

Loading...

Dual Currency, Seigniorage, Externality

16.

The Coronavirus and Lessons for Preparedness

Special Edition Policy Brief, 2020
Number of pages: 5 Posted: 08 Apr 2020
Joshua R. Hendrickson
University of Mississippi
Downloads 215 (264,856)
Citation 2

Abstract:

Loading...

disaster recovery, disaster preparedness, emergency spending, emergency preparedness, healthcare, coronavirus, coronavirus pandemic, COVID-19, public health, economics, quarantine, economy, economic crisis

17.

The Bullionist Controversy: Theory and New Evidence

Journal of Money, Credit and Banking, Forthcoming
Number of pages: 49 Posted: 09 Jul 2016 Last Revised: 03 Feb 2017
Joshua R. Hendrickson
University of Mississippi
Downloads 194 (290,875)
Citation 1

Abstract:

Loading...

Bullionist Controversy, Quantity Theory of Money, Bayesian estimation

18.

Going Beyond Monetary Constitutions: The Congruence of Money and Finance

Quarterly Review of Economics and Finance, Forthcoming
Number of pages: 27 Posted: 29 Oct 2015 Last Revised: 20 Nov 2017
Joshua R. Hendrickson and Alexander William Salter
University of Mississippi and Texas Tech University - Rawls College of Business
Downloads 191 (294,934)
Citation 4

Abstract:

Loading...

Commodity standard, depositors, extended liability, financial constitution, macroprudential policy, monetary constitution

19.

Interest Rates, Policy Uncertainty, and Investment

AIER Sound Money Project Working Paper No. 2017-13
Number of pages: 39 Posted: 20 Jun 2015 Last Revised: 26 Oct 2018
Joshua R. Hendrickson
University of Mississippi
Downloads 183 (306,396)
Citation 1

Abstract:

Loading...

investment, policy uncertainty, interest rates

20.

What Cosmo Kramer Can Teach Us About Optimal Stopping Times

Journal of Economics and Finance Education, Forthcoming
Number of pages: 12 Posted: 13 May 2015 Last Revised: 24 Feb 2016
Joshua R. Hendrickson
University of Mississippi
Downloads 161 (342,732)
Citation 1

Abstract:

Loading...

optimal stopping times, Seinfeld, Bob Sacamano

21.

Jurg Niehans and the Cashless Economy

Number of pages: 24 Posted: 12 Apr 2016
Joshua R. Hendrickson
University of Mississippi
Downloads 157 (349,975)

Abstract:

Loading...

price level determination, fiscal theory of the price level, New Keynesian model, cashless economy, Jurg Niehans

22.

Price Specie Flow Mechanism and the Monetary Approach to the Balance of Payments as Theories of International Adjustment

Sound Money Project Working Paper No. 2021-08
Number of pages: 10 Posted: 13 Sep 2021
Joshua R. Hendrickson and Kwabena Boateng
University of Mississippi and University of Mississippi - Department of Economics
Downloads 151 (361,389)
Citation 1

Abstract:

Loading...

price specie flow mechanism, monetary approach to the balance of payments, gold standard

23.

Interest on Reserves, Settlement, and the Effectiveness of Monetary Policy

Journal of Macroeconomics, Forthcoming
Number of pages: 19 Posted: 01 Dec 2016 Last Revised: 25 May 2017
Joshua R. Hendrickson
University of Mississippi
Downloads 147 (369,356)

Abstract:

Loading...

monetary policy, interest on reserves, daylight overdrafts, settlement

24.

Bitcoin Works In Practice, But Does It Work In Theory?

AIER Sound Money Project Working Paper No. 2024-03
Number of pages: 8 Posted: 21 Jun 2023
National University of Singapore (NUS) - Yale-NUS College, Reed College, University of Mississippi, Florida Atlantic University, University of Wyoming and Northern Illinois University
Downloads 145 (373,430)

Abstract:

Loading...

bitcoin, network consensus, scaling of payments

25.

Usury Enforcement as an Alternative to Capital Taxation in Pre-Modern States

AIER Sound Money Project Working Paper No. 2022-06
Number of pages: 33 Posted: 17 Aug 2020 Last Revised: 19 Dec 2023
Joshua R. Hendrickson
University of Mississippi
Downloads 140 (383,935)
Citation 2

Abstract:

Loading...

usury, fiscal capacity

26.

Monetary Policy and the Interest Rate: Reflections on Allan Meltzer's Contributions to Monetary Economics

AIER Sound Money Project Working Paper No. 2020-13
Number of pages: 12 Posted: 11 Jan 2018 Last Revised: 22 Sep 2020
Joshua R. Hendrickson
University of Mississippi
Downloads 136 (392,710)
Citation 1

Abstract:

Loading...

monetary transmission, monetary policy, interest rates, asset prices, Allan Meltzer

27.

As Good as Gold? A Framework for Analyzing Redeemable Paper Money

Number of pages: 43 Posted: 20 Dec 2023
Bryan Cutsinger and Joshua R. Hendrickson
Angelo State University - Accounting, Economics and Finance Department and University of Mississippi
Downloads 135 (395,015)

Abstract:

Loading...

commitment, competitive note issuance, price level, exchange rates, gold standard, commodity money

28.

An Evaluation of Friedman's Monetary Instability Hypothesis

Southern Economic Journal, Forthcoming
Number of pages: 18 Posted: 06 May 2016 Last Revised: 09 Sep 2016
Joshua R. Hendrickson
University of Mississippi
Downloads 131 (404,422)
Citation 3

Abstract:

Loading...

monetary policy, monetary shocks, monetary history, k-percent rule

29.

A Theory of Why the Ruthless Revolt

Economics and Politics, Forthcoming
Number of pages: 31 Posted: 13 Oct 2015 Last Revised: 03 Jun 2016
Joshua R. Hendrickson and Alexander William Salter
University of Mississippi and Texas Tech University - Rawls College of Business
Downloads 127 (414,029)

Abstract:

Loading...

revolution, option games

30.

If I Leave Here Tomorrow: An Option View of Migration When Labor Market Quality Declines

Number of pages: 41 Posted: 08 Sep 2016 Last Revised: 10 Sep 2017
John Gardner and Joshua R. Hendrickson
University of Mississippi - Department of Economics and University of Mississippi
Downloads 122 (426,675)
Citation 3

Abstract:

Loading...

Migration, Real Options, Unemployment, Labor Market Quality

31.

Commodity Money, Free Banking, and Nominal Income Targeting: Lessons for Monetary Policy Reform

AIER Sound Money Project Working Paper No. 2019-09
Number of pages: 47 Posted: 13 Oct 2018 Last Revised: 24 Aug 2020
Joshua R. Hendrickson
University of Mississippi
Downloads 121 (429,384)
Citation 2

Abstract:

Loading...

Commodity Money, Free Banking, Nominal Income Targeting, Friedman Rule, Market-Based Monetary Policy, Asset Pricing

32.

An Option Approach to Public Infrastructure Investment

Number of pages: 27 Posted: 11 Mar 2016 Last Revised: 06 Apr 2021
Joshua R. Hendrickson
University of Mississippi
Downloads 120 (432,125)

Abstract:

Loading...

real options, public infrastructure

33.

Primary Care Competition and Quality of Care: Empirical Evidence from Medicare

Number of pages: 29 Posted: 23 Aug 2018 Last Revised: 26 May 2020
Christopher Brunt, Joshua R. Hendrickson and John R. Bowblis
Georgia Southern University - Department of Economics, University of Mississippi and Miami University of Ohio - Department of Economics
Downloads 119 (434,882)
Citation 1

Abstract:

Loading...

Primary Care Competition, Quality, Medicare Part B

34.

Interest Rates and Investment Coordination Failures

Number of pages: 30 Posted: 13 Mar 2016 Last Revised: 04 Oct 2016
Joshua R. Hendrickson
University of Mississippi
Downloads 119 (434,882)
Citation 2

Abstract:

Loading...

structure of production, time to build, option games, interest rates, coordination failure

35.

The Riksbank, Emergency Finance, Policy Experimentation, and Sweden's Reversal of Fortune

Number of pages: 45 Posted: 10 Mar 2018 Last Revised: 06 Jan 2020
Joshua R. Hendrickson
University of Mississippi
Downloads 118 (437,551)
Citation 4

Abstract:

Loading...

Sweden, Frihetstiden, Riksbank, Central Banking, Commodity Money, War Finance, Mercantilism, Inflation, Quantity Theory

36.

Labor Market Middlemen and the Minimum Wage as Collective Bargaining

Number of pages: 13 Posted: 07 Jun 2016
Joshua R. Hendrickson
University of Mississippi
Downloads 108 (467,131)

Abstract:

Loading...

minimum wage, unions, middleman

37.

Competitively-Issued Convertible Bank Notes in a Theory of Finance: Earl Thompson Meets Fischer Black

AIER Sound Money Project Working Paper No. 2020-01
Number of pages: 21 Posted: 17 May 2019 Last Revised: 16 Nov 2020
Joshua R. Hendrickson
University of Mississippi
Downloads 107 (470,277)
Citation 6

Abstract:

Loading...

bank notes, competitive money supply, commodity money

38.

Bitcoin Blocksize, Custodial Security, and Price

Number of pages: 31 Posted: 26 Oct 2023 Last Revised: 01 Nov 2023
Florida Atlantic University - College of Business, Florida Atlantic University - College of Business, University of Mississippi and Florida Atlantic University
Downloads 98 (499,714)

Abstract:

Loading...

39.

Options to the Realm: A Cost Neutral Proposal to Improve Political Incentives

Contemporary Economic Policy, Forthcoming
Number of pages: 31 Posted: 14 Jul 2017 Last Revised: 06 Oct 2019
Joshua R. Hendrickson and Alexander William Salter
University of Mississippi and Texas Tech University - Rawls College of Business
Downloads 93 (517,009)

Abstract:

Loading...

political property rights, public choice, pensions, option pricing

40.

Monetary Search, Proportional Transaction Costs, and the Currency Equivalent Index

AIER Sound Money Project Working Paper No. 2018-02
Number of pages: 22 Posted: 02 Oct 2017 Last Revised: 26 Jan 2018
Joshua R. Hendrickson
University of Mississippi
Downloads 91 (524,033)

Abstract:

Loading...

Money, Monetary Search, Monetary Aggregation, Currency Equivalent

41.

Transaction Asset Shortages

AIER Sound Money Project Working Paper No. 2018–08
Number of pages: 32 Posted: 17 Apr 2017 Last Revised: 08 Jan 2018
David Beckworth and Joshua R. Hendrickson
Mercatus Center at George Mason University and University of Mississippi
Downloads 80 (566,952)

Abstract:

Loading...

transaction assets, safe assets, asset shortages, Bayesian estimation, Divisia monetary aggregates

42.

How Much are Guaranteed Contracts Worth? Evidence from Major League Baseball

Number of pages: 15 Posted: 11 Jun 2016 Last Revised: 03 Dec 2016
Joshua R. Hendrickson
University of Mississippi
Downloads 78 (575,366)

Abstract:

Loading...

guaranteed contracts, Major League Baseball

43.

Do Physicians Engage in Offsetting Behavior? Empirical Evidence from Medicare Part B

Number of pages: 40 Posted: 01 Dec 2016 Last Revised: 08 Aug 2018
Christopher Brunt and Joshua R. Hendrickson
Georgia Southern University - Department of Economics and University of Mississippi
Downloads 77 (579,611)

Abstract:

Loading...

Medicare Part B, Fee-For-Service, Offsetting, Supplier Induced Demand

44.

Nominal GDP Targeting and the Taylor Rule on an Even Playing Field

MERCATUS WORKING PAPER
Number of pages: 29 Posted: 07 Jun 2018
Joshua R. Hendrickson
University of Mississippi
Downloads 76 (584,023)

Abstract:

Loading...

45.

William McKinley, Optimal Reneging, and the Spanish-American War

Number of pages: 34 Posted: 07 Mar 2017 Last Revised: 24 May 2019
Joshua R. Hendrickson
University of Mississippi
Downloads 70 (611,022)

Abstract:

Loading...

War, Political Economy, William McKinley, Spanish-American War

46.

Staying When the Going Gets Tough: The Equivalent Predictions of Option and Search Theory on Migration during Economic Downturns

Number of pages: 6 Posted: 10 May 2017 Last Revised: 25 May 2017
John Gardner and Joshua R. Hendrickson
University of Mississippi - Department of Economics and University of Mississippi
Downloads 55 (689,083)

Abstract:

Loading...

migration, local labor markets, option theory, search models

47.

Commodity Money, Free Banking, and Nominal Income Targeting

Mercatus Research Paper
Number of pages: 60 Posted: 05 Aug 2019
Joshua R. Hendrickson
University of Mississippi
Downloads 49 (725,800)

Abstract:

Loading...

commodity money, free banking, nominal income targeting, Friedman rule, market- based monetary policy, asset pricing

48.

Turning Pink Slips into Red Tape: The Unintended Effects of Employment Protection Legislation

Forthcoming, Contemporary Economic Policy
Number of pages: 35 Posted: 22 Jun 2016 Last Revised: 26 Jul 2016
Harlan Holt and Joshua R. Hendrickson
Northern Illinois University - Department of Economics and University of Mississippi
Downloads 47 (738,592)

Abstract:

Loading...

Unemployment, Employment Protection Legislation

49.

An Empirical Evaluation of the Physician Offsetting Response

Number of pages: 20 Posted: 12 Jan 2021
Christopher Brunt and Joshua R. Hendrickson
Georgia Southern University - Department of Economics and University of Mississippi
Downloads 32 (850,363)
Citation 1

Abstract:

Loading...

Medicare Part B, Fee-for-service, Offsetting, Supplier Induced Demand

50.

The Case for Nominal GDP Level Targeting

AIER Sound Money Project Working Paper No. 2024-12
Number of pages: 23 Posted: 25 Mar 2024
Joshua R. Hendrickson
University of Mississippi
Downloads 31 (858,830)

Abstract:

Loading...

nominal GDP targeting, monetary policy

51.

Objective Failure: An Evaluation of Federal Reserve Policy in the Absence of an Explicit Target

AIER Sound Money Project Working Paper No. 2024-10
Number of pages: 8 Posted: 01 May 2024
Joshua R. Hendrickson
University of Mississippi
Downloads 23 (931,930)

Abstract:

Loading...

monetary policy, Federal Reserve

52.

How Much is it Worth to Prevent a Pandemic? A Simple Rule-of-Thumb for Policymakers

Number of pages: 15 Posted: 05 Aug 2022
Joshua R. Hendrickson
University of Mississippi
Downloads 22 (941,822)

Abstract:

Loading...

pandemics, government policy

53.

What Would Milton Friedman Say about the Coordination of Monetary and Fiscal Policy?

Mercatus Symposium, 2022
Number of pages: 6 Posted: 21 Sep 2022
Joshua R. Hendrickson
University of Mississippi
Downloads 20 (962,019)

Abstract:

Loading...

Milton Friedman, k-percent rule, monetary policy, fiscal policy