The Federal Reserve Bank of St. Louis Review
A bimonthly research journal intended for an economically informed but broad readershipfrom the undergraduate student to the PhD. In print and online.
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NOVEMBER/DECEMBER 2003 Vol. 85, No. 6
Fed Transparency: How, Not Whether
This article was originally presented as a speech at the Global Independence Center, Federal Reserve Bank of Philadelphia, August 21, 2003.
Burgernomics: A Big Mac™ Guide to Purchasing Power Parity
McEcon? What can two all beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun tell us about economics? Plenty. Economists Michael Pakko and Patricia Pollard use worldwide Big Mac prices to study the law of one price.
Banking Antitrust: Are the Assumptions Still Valid?
Out with the old? Economists Alton Gilbert and Adam Zaretsky find that, even though regulatory changes in the 1990s changed the landscape of banking competition, most of the current evidence confirms that the old assumptions of antitrust analysis are still valid.
The Use of Long-Run Restrictions for the Identification of Technology Shocks
Economists have long assumed that shocks (i.e., unexpected changes) to technology affect the business cycle, though they are difficult to identify. Neville Francis, Michael Owyang, and Athena Theodorou review the current methods of identifying them and propose a framework to expand the existing literature.
SEPTEMBER/OCTOBER 2003 Vol. 85, No. 5
JULY/AUGUST 2003 Vol. 85, No. 4
Finance and Real Economic Activity
Proceedings of the Twenty-Seventh Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis
Includes proceedings of the Twenty-Seventh Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis, "Finance and Real Economic Activity".
Commentary on "Monetary Policy and Financial Market Evolution"
Commentary on "More on Finance and Growth: More Finance, More Growth?"
Commentary on "Equity Market Liberalization in Emerging Markets"
Commentary on "Historical Perspectives on Financial Development and Economic Growth"
Commentary on "The Real Effects of U.S. Banking Deregulation"
Commentary on "Life-Cycle Dynamics in Industrial Sectors: The Role of Banking Market Structure"
MAY/JUNE 2003 Vol. 85, No. 3
MARCH/APRIL 2003 Vol. 85, No. 2
JANUARY/FEBRUARY 2003 Vol. 85, No. 2