Home > Publications > Review > Past Issues > 1986

The Federal Reserve Bank of St. Louis Review

|  Current Issue  |  Past Issues  |  Print Subscriptions  |  Email Notifications |

Past Issues 1986

JANUARY 1986

Estimating Exchange Rate Effects on Exports: A Cautionary Note pp. 5-16 (PDF 1.3M)
by Michael T. Belongia

Recent Revisions of GNP Data pp. 17-24 (PDF 1.5M)
by Keith M. Carlson

FEBRUARY 1986

The FOMC in 1985: Reacting to Declining M1 Velocity pp. 5-21 (PDF 2M)
by R. W. Hafer

Requiem for Regulation Q: What It Did and Why It Passed Away pp. 22-37 (PDF 1.4M)
by R. Alton Gilbert

MARCH 1986

The Response of Stock Prices to Changes in Weekly Money and the Discount Rate pp. 5-14 (PDF 1.1M)
by R. W. Hafer

The Effects of Inflation on Commercial Banks pp. 15-26 (PDF 1.3M)
by G.J. Santoni

APRIL 1986

Domestic vs. International Explanations of Recent U.S. Manufacturing Developments pp. 5-18 (PDF 1.3M)
by John A. Tatom

The Cost of Checkable Deposits in the United States pp. 19-27 (PDF 965k)
by Kenneth C. Carraro and Daniel L. Thornton

MAY 1986

Central Bank Behavior and Credibility: Some Recent Theoretical Developments pp. 5-17 (PDF 1.1M)
by Alex Cukierman

Adjusting to High Inflation: The Israeli Experience pp. 18-29 (PDF 1.1M)
by Zalman F. Shiffer

JUNE/JULY 1986

Forward Exchange Rates in Efficient Markets: The Effects of News and Changes in Monetary Policy Regimes pp. 5-15 (PDF 1M)
by Mack Ott and Paul T. W. M. Veugelers

How Federal Farm Spending Distorts Measures of Economic Activity pp. 16-22 (PDF 597k)
by John A. Tatom

AUGUST/SEPTEMBER 1986

The Discount Rate and Market Interest Rates: Theory and Evidence pp. 5-21 (PDF 1.5M)
by Daniel L. Thornton

A Microeconomic System-Wide Approach to the Estimation of the Demand for Money pp. 22-33 (PDF 1013k)
by Salam K. Fayyad

OCTOBER 1986

The Andersen-Jordan Approach After Nearly 20 Years pp. 5-8 (PDF 343k)
by Jerry L. Jordan

The Monetary-Fiscal Policy Debate and the Andersen-Jordan Equation pp. 9-17 (PDF 850k)
by Dallas S. Batten and Daniel L. Thornton

A Monetarist Model for Economic Stabilization: Review and Update pp. 18-28 (PDF 1023k)
by Keith M. Carlson

Monetary and Fiscal Actions: A Test of Their Relative Importance in Economic Stabilization pp. 29-44 (PDF 1.9M)
by Leonall C. Andersen and Jerry L. Jordan

A Monetarist Model for Economic Stabilization pp. 45-66 (PDF 2.7M)
by Leonall C. Andersen and Keith M. Carlson

NOVEMBER 1986

The Employment Act of 1946: Some History Notes pp. 5-16 (PDF 1M)
by G.J. Santoni

The Farm Sector in the 1980s: Sudden Collapse or Steady Downturn? pp. 17-25 (PDF 692k)
by Michael T. Belongia

DECEMBER 1986

Coping with Bank Failures: Some Lessons from the United States and the United Kingdom pp. 5-14 (PDF 1M)
by R. Alton Gilbert and Geoffrey E. Wood

Why Has Manufacturing Employment Declined? pp. 15-25 (PDF 816k)
by John A. Tatom

How Open is the U.S. Economy?

Proceedings of the Tenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

Preface pp. xiii-xviii (PDF 522k)

Part 1: Integration of the U.S. Economy

The United States as an Open Economy pp. 3-24 (PDF 1.9M)
by Richard N. Cooper

Commentary pp. 25-31 (PDF 664k)
by Peter B. Kenen
Commentary on "The United States as an Open Economy"

International Capital Mobility and Crowding-out in the U.S. Economy: Imperfect Integration of Financial Markets or of Goods Markets? pp. 33-67 (PDF 2.9M)
by Jeffrey A. Frankel

Commentary pp. 69-74 (PDF 529k)
by Frederic S. Mishkin
Commentary on "International Capital Mobility and Crowding-out in the U.S. Economy: Imperfect Integration of Financial Markets or of Goods Markets?"

Part II: Macroeconomic Effects of Increased Openness

A VAR Analysis of Economic Interdependence: Canada, the United States, and the Rest of the World pp. 77-131 (PDF 2.7M)
by John Kuszczak

Commentary pp. 133-136 (PDF 299k)
by Georg Rich
Commentary on "A VAR Analysis of Economic Interdependence: Canada, the United States, and the Rest of the World"

Implications of the U.S. Net Capital Inflow pp. 137-161 (PDF 2M)
by Benjamin M. Friedman

Commentary pp. 163-167 (PDF 472k)
by John Huizinga
Commentary on "Implications of the U.S. Net Capital Inflow"

Part III: Policy Responses to Increased Openness

International Interdependence and the Constraints on Macroeconomic Policies pp. 171-205 (PDF 2.7M)
by Jacob A. Frenkel

Commentary pp. 207-210 (PDF 323k)
by William Poole
Commentary on "International Interdependence and the Constraints on Macroeconomic Policies"

The Dollar Exchange Rate and International Monetary Cooperation pp. 212-231 (PDF 1.4M)
by Ronald I. McKinnon

Commentary pp. 233-235 (PDF 224k)
by Roger E. Brinner
Commentary on "The Dollar Exchange Rate and International Monetary Cooperation"

A PDF reader can be downloaded from http://www.adobe.com. Blind and visually impaired users can obtain tools to access PDF files at http://access.adobe.com.