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    <copyright>Copyright 2012 Federal Reserve Bank of St. Louis</copyright>

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    <pubDate>Tue, 03 Jan 2012 08:40:44 CST</pubDate>
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      <title>"Persistent Macroeconomic Imbalances in the Euro Area: Causes and Consequences", by Nils Holinski, Clemens Kool, and Joan Muysken</title>
      <link><![CDATA[http://research.stlouisfed.org/publications/review/article/9080?utm_source=rss&utm_medium-rss&utm_campaign=review]]></link>
        <description><![CDATA[In this paper, the authors document a growing divergence between current account imbalances in northern and southern euro area countries from 1992 to 2007. The imbalance occurred ...]]></description>
      <pubDate>Tue, 03 Jan 2012 08:40:44 CST</pubDate>
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      <title>"How Good Are the Government’s Deficit and Debt Projections and Should We Care?", by Kevin L. Kliesen and Daniel L. Thornton</title>
      <link><![CDATA[http://research.stlouisfed.org/publications/review/article/9081?utm_source=rss&utm_medium-rss&utm_campaign=review]]></link>
        <description><![CDATA[Each year, the Congressional Budget Office (CBO) publishes its Budget and Economic Outlook. The CBO’s deficit ...]]></description>
      <pubDate>Tue, 03 Jan 2012 08:40:44 CST</pubDate>
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      <title>"Taylor-Type Rules and Total Factor Productivity", by William T. Gavin, Benjamin D. Keen, and Michael R. Pakko</title>
      <link><![CDATA[http://research.stlouisfed.org/publications/review/article/9082?utm_source=rss&utm_medium-rss&utm_campaign=review]]></link>
        <description><![CDATA[This paper examines the impact of a persistent shock to the growth rate of total factor productivity in a New Keynesian model in which the central bank does not observe the shock. The authors then ...]]></description>
      <pubDate>Tue, 03 Jan 2012 08:40:44 CST</pubDate>
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      <title>"How Did We Get to Inflation Targeting and Where Do We Need to Go to Now? A Perspective from the U.S. Experience", by Daniel L. Thornton</title>
      <link><![CDATA[http://research.stlouisfed.org/publications/review/article/9083?utm_source=rss&utm_medium-rss&utm_campaign=review]]></link>
        <description><![CDATA[The Federal Reserve is not formally inflation targeting. Nevertheless, it is commonly believed ...]]></description>
      <pubDate>Tue, 03 Jan 2012 08:40:44 CST</pubDate>
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