#2009-056A "Outside Versus Inside Bonds: A Modigliani-Miller type result for liquidity constrained economies"
by Aleksander Berentsen, and Christopher J. Waller
October 2009

#2009-055A "Common Fluctuations in OECD Budget Balances"
by Christopher J. Neely, and David E. Rapach
October 2009

#2009-049A "Taylor-Type Rules and Permanent Shifts in Productivity Growth"
by William T. Gavin, Benjamin D. Keen, and Michael R. Pakko
September 2009

#2009-048A "The Local Effects of Monetary Policy"
by Neville Francis, Michael T. Owyang, and Tatevik Sekhposyan
September 2009

#2009-047A "Indirect Taxation and the Welfare Effects of Altruism on the Optimal Fiscal Policy"
by Carlos Garriga, and Fernando Sánchez-Losada
September 2009

PUBLISHED: Economic Modelling, November 2009, 26(6), pp. 1365-74

#2009-046A "Money and Capital as Competing Media of Exchange in a News Economy"
by David Andolfatto, and Fernando M. Martin
September 2009

#2009-045B "Saving and Growth under Borrowing Constraints: -- Explaining the “High Saving Rate” Puzzle"
by Yi Wen
September 2009
Revised October 2009

#2009-044A "Essential Interest-Bearing Money"
by David Andolfatto
September 2009

FORTHCOMING: Journal of Economic Theory

#2009-042A "What happened to the US stock market? Accounting for the last 50 years"
by Michele Boldrin, and Adrian Peralta-Alva
August 2009

PUBLISHED: Federal Reserve Bank of St. Louis Review, November/December 2009, 91(6), pp. 627-46

#2009-038A "How Did We Get to Inflation Targeting and Where Do We Go Now? A Perspective From the U.S. Experience"
by Daniel L. Thornton
August 2009

FORTHCOMING: Inflation Targeting Twenty Years On: Past Lessons and Future Prospects. David Cobham, Øyvind Eitrheim, Stefan Gerlach and Jan Qvigstad, (ed.) Cambridge University Press