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The Federal Reserve Bank of St. Louis Review

A journal of national and international economic developments, particularly focusing on their monetary aspects.

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JANUARY 1982

Potential Output and the Recent Productivity Decline pp. 3-16 (PDF 1.6M)
by John A. Tatom

The Role of Fiscal Policy in the St. Louis Equation pp. 17-22 (PDF 833k)
by R. W. Hafer

Food and Agriculture—Current Situation and Prospects for 1982 pp. 23-29 (PDF 852k)
by Clifton B. Luttrell


FEBRUARY 1982

The Three-Year Experience with the Community Reinvestment Act pp. 3-10 (PDF 905k)
by Norman N. Bowsher

The Shift in Money Demand: What Really Happened? pp. 11-16 (PDF 681k)
by R. W. Hafer and Scott E. Hein


MARCH 1982

Monetary Policy and Stock Returns: Are Stock Markets Efficient? pp. 3-12 (PDF 1.3M)
by Lawrence S. Davidson and Richard T. Froyen

Monetary Policy and Short-Term Real Rates of Interest pp. 13-19 (PDF 616k)
by R. W. Hafer and Scott E. Hein

Central Banks' Demand for Foreign Reserves Under Fixed and Floating Exchange Rates pp. 20-30 (PDF 1.2M)
by Dallas S. Batten


APRIL 1982

The FOMC in 1981: Monetary Control in a Changing Financial Environment pp. 3-22 (PDF 2.5M)
by Daniel L. Thornton

Recent Financial Innovations: Have They Distorted the Meaning of M1? pp. 23-35 (PDF 1.2M)
by John A. Tatom


MAY 1982

A Monetary Analysis of the Administration's Budget and Economic Projections pp. 3-14 (PDF 1.7M)
by Keith M. Carlson

Short-Run Monetary Growth Fluctuations and Real Economic Activity: Some Implications for Monetary Targeting pp. 15-20 (PDF 630k)
by Dallas S. Batten and R. W. Hafer

Money, Credit and Velocity pp. 21-34 (PDF 1.2M)
by Mack Ott


JUNE/JULY 1982

The Discount Rate and Market Interest Rates: What's the Connection? pp. 3-14 (PDF 1.5M)
by Daniel L. Thornton

Inflation Misinformation and Monetary Policy pp. 15-26 (PDF 1.2M)
by Lawrence S. Davidson

Short-Run Money Growth Volatility: Evidence of Misbehaving Money Demand? pp. 27-36 (PDF 750k)
by Scott E. Hein


AUGUST/SEPTEMBER 1982

The Strong U.S. Dollar: A Dilemma for Foreign Monetary Authorities pp. 3-12 (PDF 1.2M)
by Dallas S. Batten and James E. Kamphoefner

The Link Between Money and Prices in an Open Economy: The Canadian Evidence from 1971 to 1980 pp. 13-23 (PDF 1.3M)
by Michael D. Bordo and Ehsan U. Choudhri

Does "Tight" Monetary Policy Hurt U.S. Exports? pp. 24-27 (PDF 504k)
by Dallas S. Batten and Clifton B. Luttrell

Money and Inflation in Israel: The Transition of an Economy to High Inflation pp. 28-40 (PDF 2M)
by Zalman F. Shiffer


OCTOBER 1982

Is It Time To Give Up the Fight Against Inflation? pp. 3-6 (PDF 299k)
by Lawrence Roos

The Mix of Monetary and Fiscal Policies: Conventional Wisdom Vs. Empirical Reality pp. 7-21 (PDF 2.3M)
by Keith M. Carlson

Simple Analytics of the Money Supply Process and Monetary Control pp. 22-39 (PDF 1.4M)
by Daniel L. Thornton


NOVEMBER 1982

The Puzzling Behavior of Business Loans in the Current Recession pp. 3-10 (PDF 1M)
by R. Alton Gilbert

Good Intentions, Cheap Food and Counterpart Funds pp. 11-18 (PDF 1.1M)
by Clifton B. Luttrell

A Perspective on the Economics of Natural Gas Decontrol pp. 19-31 (PDF 1.5M)
by Mack Ott and John A. Tatom


DECEMBER 1982

The New System of Contemporaneous Reserve Requirements pp. 3-7 (PDF 662k)
by R. Alton Gilbert and Michael E. Trebing

The Fed and the Real Rate of Interest pp. 8-19 (PDF 1.6M)
by G.J. Santoni and Courtenay C. Stone


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