Economic Commentary

1982 - 2025

From Federal Reserve Bank of Cleveland
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1991, issue Dec

Median price changes: an alternative approach to measuring current monetary inflation

Michael F. Bryan and Christopher J. Pike

The outlook: no boom, no doom

John J. Erceg and Lydia K. Leovic

1991, issue Nov

Why U.S. managers might be more short-run oriented than the Japanese

Gerald H. Anderson

Generational accounts: a new approach to fiscal policy evaluation

Alan Auerbach, Jagadeesh Gokhale and Laurence Kotlikoff

1991, issue Oct

Exchange-market intervention and U.S. monetary policy

Owen Humpage

Some observations on central bank accountability

W. Lee Hoskins

1991, issue Sep

Increasing national saving: are IRAs the answer?

David Altig and Katherine A. Samolyk

Financial fragility and regional economic growth

Rebecca Wetmore Humes and Katherine A. Samolyk

1991, issue Aug

An anemic recovery?

John J. Erceg and Lydia K. Leovic

Federal funds rate volatility

Diana Dumitru and Edward J. Stevens

1991, issue Jul

Price stability and world economic recovery

W. Lee Hoskins

Do excess reserves reveal credit crunches?

Joseph Haubrich

1991, issue Jun

Realignment in the U.S. motor vehicle industry

Michael F. Bryan and John B. Martin

Understanding the recent behavior of M2

John Carlson and Sharon E. Parrott

1991, issue May

Price stability and regional diversity

W. Lee Hoskins

The RTC and the escalating costs of the thrift insurance mess

Christopher J. Pike and James Thomson

1991, issue Apr

Defending zero inflation: all for naught

W. Lee Hoskins

Public subsidies for private purposes

William P. Osterberg

1991, issue Mar

Deregulation, money, and the economy

John Carlson

Is this really a \\"white-collar recession\\"?

Randall Eberts and Erica Groshen

1991, issue Feb

1991 outlook: mild recession, mild recovery

John J. Erceg

The effect of war expenditures on U.S. output

Charles Carlstrom, Jagadeesh Gokhale and Sharon E. Parrott

1991, issue Jan

Forecast accuracy and monetary policy

Michael F. Bryan and William Gavin

The sectoral and regional effects of oil shocks: who's over a barrel?

Paul Bauer and Susan M. Byrne

1990, issue Dec

How credible are capital spending surveys as forecasts?

Gerald H. Anderson and John J. Erceg

Price stability and the Swedish monetary experiment

Susan Black and William Gavin

1990, issue Nov

Oil, the economy, and monetary policy

Gerald H. Anderson, Michael F. Bryan and Christopher J. Pike

A European system of central banks: observations from abroad

W. Lee Hoskins

1990, issue Oct

Don't worry, we'll grow out of it: an analysis of demographics, consumer spending, and foreign debt

Michael F. Bryan and Susan M. Byrne

The outlook after the oil shock: between Iraq and a soft place

John J. Erceg and Lydia K. Leovic

1990, issue Sep

Underlying causes of commercial bank failures in the 1980s

Lynn D. Seballos and James Thomson

Can state employment declines foretell national business cycles?

Randall Eberts

1990, issue Aug

Payment system risk and financial reform

W. Lee Hoskins

Inflation and growth: working more vs. working better

Michael F. Bryan

1990, issue Jul

Minority-owned banks: history and trends

Douglas A. Price

State and local red ink: crisis or opportunity?

Brian A. Cromwell and Irene A. Wirkus

1990, issue Jun

Making sense of the Moynihan gambit: a perspective on the social security debate

David Altig

Current outlook: sustained growth, sustained inflation

John J. Erceg and Paul J. Nickels

1990, issue May

A monetary policy for the 1990's

W. Lee Hoskins

A critique of monetary protectionism

W. Lee Hoskins and Owen Humpage

1990, issue Apr

The high-yield debt market: 1980-1990

Richard H. Jefferis

Standardizing world securities clearance systems

Ramon Degennaro and Christopher J. Pike

1990, issue Mar

The economic outlook: growth weakens, inflation unchanged

John J. Erceg and Paul J. Nickels

The case for price stability

W. Lee Hoskins

1990, issue Feb

Is current fiscal policy an obstacle to sound monetary policy?

W. Lee Hoskins

How are wages determined?

Erica Groshen

1990, issue Jan

Does the Fed cause Christmas?

Charles Carlstrom and Edward N. Gamber

Can R&D be the RX for the midwest?

Randall Eberts and Julia Melkers

1989, issue Dec

Monetary policy and the M2 target

Susan Black and William Gavin

Making judgments about mortgage lending patterns

Robert B. Avery

1989, issue Nov

Foreign capital inflows: another Trojan horse?

Gerald H. Anderson and Michael F. Bryan

How soft a landing?

John J. Erceg and Paul J. Nickels

1989, issue Oct

Forecasting turning points with leading indicators

Gerald H. Anderson and John J. Erceg

Breaking the inflation-recession cycle

W. Lee Hoskins

1989, issue Sep

Have the characteristics of high-earning banks changed? Evidence from Ohio

Paul R. Watro

The indicator P-star: just what does it indicate?

John Carlson

1989, issue Aug

Mergers, acquisitions and evolution of the region's corporations

Erica Groshen and Barbara Grothe

LBOs and conflict of interest

William P. Osterberg

1989, issue Jul

Inflation and soft landing prospects

John J. Erceg

Setting the discount rate

Edward J. Stevens

1989, issue Jun

Rethinking the regulatory response to risk-taking in banking

W. Lee Hoskins

Payment system risk issues

Edward J. Stevens

1989, issue May

Airline deregulation: boon or bust?

Paul Bauer

Economic principles and deposit-insurance reform

James Thomson

1989, issue Apr

A market-based view of European Monetary Union

W. Lee Hoskins

Communication and the Humphrey-Hawkins process

John N. McElravey

1989, issue Mar

The costs of default and international lending

Chien Nan Wang

Is there a message in the yield curve?

Edward J. Stevens

1989, issue Feb

Monetary policy, information, and price stability

W. Lee Hoskins

Bank lending to LBO's: risks and supervisory response

James Thomson

1989, issue Jan

International policy coordination: can we afford it?

W. Lee Hoskins

Money and velocity in the 1980s

John Carlson and John N. McElravey