Kenneth M. Emery

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Although the nonlactating period presents a risk for intramammary infection, efficient systems to monitor infection status of recently calved cows have not been developed, and benchmarks for interpretation have not been established. Individual cow somatic cell count (SCC) data for the current and previous six monthly Dairy Herd Improvement milk tests and(More)
F Understanding the Price Puzzle ew economists expected the bond market's negative reaction to the Federal Reserve's initial move to raise the federal funds rate during early 1994. To alleviate potential inflationary pressures, on February 4, 1994, the Federal Reserve increased the federal funds rate by 25 basis points to 3.25 percent. In response,(More)
Gauging inflationary pressures is a perennial concern for monetary policymakers and financial market participants. For example, during 1994, the Federal Reserve tightened monetary policy in response to concerns about building inflationary pressures and higher inflation in the future. Many people attributed the pursuant 1995 slowdown in economic activity(More)
In this article, we examine the predictive power of capacity utilization for inflation, with a focus on whether the forecasting relationship is stable. During recent years, the failure of monetary aggregates as reliable guides for future inflation has led financial market participants and Federal Reserve policymakers to monitor a broad range of economic(More)
H ow monetary policy affects economic activity is a perennial question in macroeconomics. One of the main impediments to answering this question is the absence of agreement on what is an accurate gauge of monetary policy. Historically , many economists have used changes in the quantity of money as an indicator of changes in monetary policy. One problem with(More)
A double-blind field trial was conducted on a commercial dairy to study the effects of feeding a direct-fed microbial (DFM) product consisting of 2 strains of Enterococcus faecium plus Saccharomyces cerevisiae yeast on prepartum and postpartum performance of Holstein cows. Treatments consisted of the normal pre- and post-fresh TMR supplemented with the DFM(More)
In this article, we examine the predictive power of capacity utilization for inflation, with a focus on whether the forecasting relationship is stable. During recent years, the failure of monetary aggregates as reliable guides for future inflation has led financial market participants and Federal Reserve policymakers to monitor a broad range of economic(More)
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