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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MARCH/APRIL 2013 Vol. 95, No. 2
Intertemporal Discounting and Policy Selection
The choice of the intertemporal discount rate affects the measurement of the tax burden of different age
cohorts. Small changes in the discount rate affect not only the magnitude of the measured changes, but
also the ranking of policies using that metric...
JANUARY/FEBRUARY 2013 Vol. 95, No. 1
Why Did Young Families Lose So Much Wealth During the Crisis? The Role of Homeownership
The authors use the Federal Reserve’s Survey of Consumer Finances to document a boom in home ownership and mortgage borrowing among young families in the years leading up to the recent financial crisis. Many young families lost more of their wealth during the downturn than middle-aged and older families. The authors find ...
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Four Stories of Quantitative Easing
This article describes the circumstances of and motivations for the quantitative easing programs of the Federal Reserve, Bank of England, European Central Bank, and Bank of Japan during the recent financial crisis and recovery. The programs initially ...
International Trade, Female Labor, and Entrepreneurship in MENA Countries
Middle Eastern and North African (MENA) countries stand out in international comparisons of de jure obstacles to female employment and entrepreneurship. These obstacles manifest themselves in low rates of female labor participation, entrepreneurship, and ownership. Recent research suggests ...