Thomas L. Hogan

The University of Austin

522 Congress Ave

Ste 300

Austin, TX 78701

United States

American Institute for Economic Research

PO Box 1000

Great Barrington, MA 01230

United States

  • The University of Austin

  • American Institute for Economic Research

SCHOLARLY PAPERS

35

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9,892

TOTAL CITATIONS
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Top 11,015

in Total Papers Citations

133

Scholarly Papers (35)

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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, The University of Austin and Florida Atlantic University
Downloads 2,420 (12,826)
Citation 6

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

2.

Hayek, Cassel, and the Origins of the Great Depression

Downloads 545 (108,877)
Citation 2

Hayek, Cassel, and the Origins of the Great Depression

GMU Working Paper in Economics No. 16-41
Number of pages: 30 Posted: 05 Oct 2016
Thomas L. Hogan and Lawrence H. White
The University of Austin and George Mason University - Department of Economics
Downloads 408 (152,429)
Citation 2

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Hayek; Cassel; Great Depression; Federal Reserve; Gold standard

Hayek, Cassel, and the Origins of the Great Depression

Journal of Economic Behavior and Organization, Forthcoming
Number of pages: 32 Posted: 29 Jan 2021
Thomas L. Hogan and Lawrence H. White
The University of Austin and George Mason University - Department of Economics
Downloads 137 (447,075)

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Great Depression, Gustav Cassel, F. A. Hayek, Gold standard Federal Reserve

3.

How Good Was the Gold Standard?

AIER Sound Money Project Working Paper No. 2021-09
Number of pages: 33 Posted: 10 Sep 2021
Thomas L. Hogan
The University of Austin
Downloads 486 (126,201)

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Gold standard, Federal Reserve, Inflation, GDP growth, Financial stability

4.

Review of Stephanie Kelton’s The Deficit Myth

AIER Sound Money Project Working Paper No. 2021-05
Number of pages: 5 Posted: 10 Mar 2021
Thomas L. Hogan
The University of Austin
Downloads 458 (134,868)
Citation 9

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5.

Ben Bernanke and Bagehot 's Rules

Journal of Money, Credit, and Banking, Vol. 47, No. 2-3, 2015
Number of pages: 27 Posted: 27 Aug 2013 Last Revised: 01 Mar 2016
Thomas L. Hogan, Linh Le and Alexander William Salter
The University of Austin, University of New Orleans and Texas Tech University - Rawls College of Business
Downloads 434 (143,315)
Citation 11

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Ben Bernanke, Walter Bagehot, bank bailouts, lender of last resort

6.

Has Dodd-Frank Affected Bank Expenses?

Journal of Regulatory Economics, Forthcoming
Number of pages: 45 Posted: 03 Sep 2016 Last Revised: 24 Mar 2019
Thomas L. Hogan, Scott Burns and Scott Burns
The University of Austin and Ursinus CollegeSoutheastern Louisiana University
Downloads 412 (152,275)
Citation 10

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Bank Expenses, Regulation, Federal Reserve, Dodd-Frank, Financial crisis

7.

The Federal Reserve's Response to the COVID-19 Contraction: An Initial Appraisal

Southern Economic Journal, Vol. 87 (4) 2021: 1152-1174, AIER Sound Money Project Working Paper No. 2021-01
Number of pages: 43 Posted: 09 Nov 2020 Last Revised: 27 Jun 2022
Nicolas Cachanosky, Bryan Cutsinger, Thomas L. Hogan, William J. Luther and Alexander William Salter
University of Texas at El Paso, Florida Atlantic University, The University of Austin, Florida Atlantic University and Texas Tech University - Rawls College of Business
Downloads 399 (157,898)
Citation 9

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COVID-19, credit allocation, Federal Reserve, lending facilities, monetary policy

8.

Central Banking without Romance

European Journal of Comparative Economics, 15(2) 2018: 293-314.
Number of pages: 27 Posted: 12 Dec 2014 Last Revised: 16 May 2019
Thomas L. Hogan, Daniel J. Smith and Robin Aguiar-Hicks
The University of Austin, Middle Tennessee State University - Department of Economics and Finance and Troy University
Downloads 385 (164,317)
Citation 2

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Ben Bernanke; Federal Reserve; Gold standard; Public Choice; Stability

9.

Alternatives to FDIC Deposit Insurance

The Independent Review, Forthcoming
Number of pages: 36 Posted: 25 Feb 2015 Last Revised: 26 Aug 2015
Thomas L. Hogan and Kristine Johnson
The University of Austin and George Mason University - Department of Economics
Downloads 348 (183,712)
Citation 4

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Deposit insurance, FDIC, Bank failures, Financial crises

10.

Bank Lending and Interest on Excess Reserves

Number of pages: 54 Posted: 13 Feb 2018
Thomas L. Hogan
The University of Austin
Downloads 323 (199,006)
Citation 4

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Federal Reserve, Banks, Lending, Reserves; IOER, Monetary policy

11.

Evaluating Risk-Based Capital Regulation

Downloads 315 (205,201)
Citation 7

Evaluating Risk-Based Capital Regulation

Mercatus Center Working Paper No. 13-02
Number of pages: 39 Posted: 01 Feb 2013
Thomas L. Hogan, Neil R. Meredith and Xuhao Pan
The University of Austin, West Texas A&M University and West Texas A&M University
Downloads 189 (338,327)
Citation 5

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bank, capital, risk-based capital, regulation

Evaluating Risk-Based Capital Regulation

Review of Financial Economics, Forthcoming
Number of pages: 32 Posted: 10 Nov 2017 Last Revised: 13 Nov 2017
Thomas L. Hogan, Neil R. Meredith and Xuhao Pan
The University of Austin, West Texas A&M University and West Texas A&M University
Downloads 126 (481,757)
Citation 2

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Bank, Capital, Risk-based capital, Regulation

12.

Capital and Risk in Commercial Banking: A Comparison of Capital and Risk-based Capital Ratios

Quarterly Review of Economics and Finance, 57 (2015): 32-45
Number of pages: 43 Posted: 24 Apr 2012 Last Revised: 26 Aug 2015
Thomas L. Hogan
The University of Austin
Downloads 284 (228,256)
Citation 6

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Banks, Capital, Risk-based capital, Volatility, Regulation

13.

Has the Fed Improved U.S. Economic Performance?

Journal of Macroeconomics, 43 (2015): 257-266
Number of pages: 26 Posted: 19 Nov 2013 Last Revised: 26 Aug 2015
Thomas L. Hogan
The University of Austin
Downloads 256 (253,733)
Citation 11

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Federal Reserve, Inflation, GDP, Volatility, Gold standard, Great moderation

14.

Expectations and NGDP Targeting: Supply-Side Problems with Demand-Side Policy

Journal of Private Enterprise, forthcoming
Number of pages: 25 Posted: 09 Oct 2014 Last Revised: 21 Apr 2018
Alexander William Salter and Thomas L. Hogan
Texas Tech University - Rawls College of Business and The University of Austin
Downloads 237 (273,791)
Citation 2

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Aggregate Demand Stabilization, Expectations, Monetary Equilibrium, Monetary Policy, NGDP Targeting, Stagflation, Supply Side

15.

The Explicit Costs of Government Deposit Insurance

Cato Journal, Vol. 34 (1) pp.145-170, Winter 2014
Number of pages: 26 Posted: 13 Jun 2012 Last Revised: 12 Apr 2014
Thomas L. Hogan and William J. Luther
The University of Austin and Florida Atlantic University
Downloads 228 (284,362)
Citation 5

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Actuarially fair, Bank failures, Comparative Institutional Analysis, Deposit insurance, Diamond-Dybvig, FDIC

16.

Banking Regulation and Knowledge Problems

AIER Sound Money Project Working Paper No. 2020-08
Number of pages: 31 Posted: 21 Jan 2016
Thomas L. Hogan and G.P. Manish
The University of Austin and Troy University
Downloads 195 (329,554)
Citation 1

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Federal Reserve, Basel Accord, Risk-based capital, Knowledge problem

17.

The Implicit Costs of Government Deposit Insurance

Number of pages: 18 Posted: 21 Feb 2015 Last Revised: 03 Jun 2015
Thomas L. Hogan and William J. Luther
The University of Austin and Florida Atlantic University
Downloads 187 (342,506)
Citation 4

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Actuarially fair, Bank failures, Comparative Institutional Analysis, Deposit insurance, Diamond-Dybvig, FDIC

18.

Endogenous Matching and Money with Random Consumption Preferences

AIER Sound Money Project Working Paper No. 2018-11
Number of pages: 22 Posted: 13 Apr 2014 Last Revised: 27 Sep 2018
Thomas L. Hogan and William J. Luther
The University of Austin and Florida Atlantic University
Downloads 184 (347,719)
Citation 5

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Money matching, Random matching, Endogenous matching, Monetary equilibrium

19.

Changing Perceptions of Maturity Mismatch in the US Banking System: Evidence from Equity Markets

Southern Economic Journal, Forthcoming
Number of pages: 35 Posted: 25 Apr 2010 Last Revised: 29 Jul 2013
Andrew T. Young, Travis Wiseman and Thomas L. Hogan
Texas Tech University - Rawls College of Business, Mississippi State University - Department of Finance and Economics and The University of Austin
Downloads 184 (347,719)
Citation 3

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maturity mismatch, effective maturity, commercial banks, mortgages, mortgage-backed securities

20.

War, Money, & Economy: Economic Performance in the Fed and Pre-Fed Periods

Number of pages: 35 Posted: 24 Feb 2015 Last Revised: 08 Mar 2017
Thomas L. Hogan and Daniel J. Smith
The University of Austin and Middle Tennessee State University - Department of Economics and Finance
Downloads 160 (392,957)
Citation 5

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Federal Reserve, Inflation, GDP growth, Stability, Volatility

21.

Costs of Compliance with the Dodd-Frank Act

Baker Institute Issue Brief no. 09.06.19
Number of pages: 4 Posted: 25 Sep 2019
Thomas L. Hogan
The University of Austin
Downloads 152 (410,352)

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22.

Competition in Currency: The Potential for Private Money

Policy Analysis No. 698
Number of pages: 56 Posted: 03 Dec 2014
Thomas L. Hogan
The University of Austin
Downloads 131 (462,416)
Citation 21

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23.

The Calculus of Dissent: Bias and Diversity in FOMC Projections

AIER Sound Money Project Working Paper No. 2022-01
Number of pages: 44 Posted: 11 Feb 2022
Thomas L. Hogan
The University of Austin
Downloads 121 (492,053)

Abstract:

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Federal Reserve, Forecasting, Committee decisions, Wisdom of crowds

24.

Suboptimal Equilibria from Nominal GDP Targeting

AIER Sound Money Project Working Paper Forthcoming
Number of pages: 18 Posted: 01 Jul 2015 Last Revised: 11 Jun 2019
Thomas L. Hogan and William J. Luther
The University of Austin and Florida Atlantic University
Downloads 117 (504,809)
Citation 2

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Monetary Policy, Nominal GDP targeting, Inflation, Economic growth

25.

What Caused the Post-crisis Decline in Bank Lending?

Hogan, Thomas L. 2019. What Caused the Post-crisis Decline in Bank Lending? Issue brief no. 01.10.19. Rice University’s Baker Institute for Public Policy, Houston, Texas.
Number of pages: 7 Posted: 29 Jan 2019
Thomas L. Hogan
The University of Austin
Downloads 115 (511,448)

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26.

Book Review of Friedman, Jeffrey, ed., What Caused the Financial Crisis

Reason Papers, Vol. 34, No. 2 (October 2012): 222-228
Number of pages: 8 Posted: 19 Dec 2012
Thomas L. Hogan
The University of Austin
Downloads 114 (514,857)

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27.

Comment on Docket No. OP-1793, 'Principles for Climate-Related Financial Risk Management for Large Financial Institutions'

Number of pages: 5 Posted: 13 Feb 2023
Thomas L. Hogan
The University of Austin
Downloads 109 (532,287)

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28.

Deposit Insurance Is Not Fair

Harwood Economic Review, Winter: 6-7
Number of pages: 3 Posted: 11 Mar 2015 Last Revised: 30 Aug 2018
Thomas L. Hogan and William J. Luther
The University of Austin and Florida Atlantic University
Downloads 107 (539,757)

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Actuarially fair, Bank failures, Deposit insurance

29.

Risk and Risk-Based Capital of U.S. Bank Holding Companies

Journal of Regulatory Economics, Forthcoming
Number of pages: 43 Posted: 07 Oct 2015
Thomas L. Hogan and Neil R. Meredith
The University of Austin and West Texas A&M University
Downloads 87 (619,097)
Citation 2

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Bank, Capital, Risk-based capital, Risk, Regulation, Federal Reserve

30.

Deposit Insurance Is Not Free

Mercatus on Policy, No. 115, 2012
Number of pages: 4 Posted: 18 Dec 2012
William J. Luther and Thomas L. Hogan
Florida Atlantic University and The University of Austin
Downloads 81 (645,835)

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31.

A Review of the Regulatory Impact Analysis of Risk-based Capital Regulations

AIER Sound Money Project Working Paper No. 2020-17
Number of pages: 44 Posted: 15 Sep 2020 Last Revised: 22 Sep 2020
Thomas L. Hogan
The University of Austin
Downloads 80 (650,644)

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Banks, Capital, Risk-based capital, Regulation, Cost-benefit analysis

32.

Fed Forecasting since the Great Recession

AIER Sound Money Project Working Paper No. 2021-07
Number of pages: 16 Posted: 03 Mar 2021
Thomas L. Hogan
The University of Austin
Downloads 73 (684,744)

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Federal Reserve, Forecasting, GDP, Inflation, Unemployment

33.

The Failure of Risk-Based Capital Regulation

Mercatus on Policy, No. 120, 2013
Number of pages: 4 Posted: 08 Feb 2013
Thomas L. Hogan, Neil R. Meredith and Xuhao Pan
The University of Austin, West Texas A&M University and West Texas A&M University
Downloads 65 (728,635)
Citation 1

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34.

Strong, Simple Regulations Promote Financial Stability

Hogan, Thomas L. 2018. Strong, Simple Regulations Promote Financial Stability. Issue Brief No. 05.21.18. Rice University’s Baker Institute for Public Policy, Houston, Texas.
Number of pages: 6 Posted: 12 Jun 2018
Thomas L. Hogan
The University of Austin
Downloads 57 (778,370)

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35.

The Failure of Forward Guidance: Lessons from the Pandemic Recovery

Number of pages: 34 Posted: 21 Nov 2024 Last Revised: 15 Jan 2025
Thomas L. Hogan
The University of Austin
Downloads 43 (885,874)
Citation 1

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forward guidance, inflation, expectations, Federal Reserve