FRBSF Economic Letter

1973 - 2025

From Federal Reserve Bank of San Francisco
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1995, articles dec15

Budget deficit cuts and the dollar

Ramon Moreno

1995, articles dec29

Bank stock repurchases

Elizabeth Laderman

1995, articles dec1

Raising reserve requirements in response to Asian capital inflow surges

Mark Spiegel

1995, articles nov24

New estimates of the recent growth in potential output

Glenn Rudebusch

1995, articles nov3

Is pegging the exchange rate a cure for inflation? East Asian experiences

Reuven Glick and Ramon Moreno

1995, articles nov17

The rhyme and reason of bank mergers

Elizabeth Laderman

1995, articles nov10

Monetary policy in a dynamic global environment

Robert T. Parry

1995, articles oct13

Interest rate smoothing and inflation, then and now

Chan Guk Huh

1995, articles oct6

California dreamin': a rebound in net migration?

Stuart Gabriel

1995, articles oct27

Consolidation: California style

Frederick Furlong and Gary Zimmerman

1995, articles oct20

Russian banking

Dwight M. Jaffee and Mark E. Levonian

1995, articles sep1

Using consumption to track movements in trend GDP

Timothy Cogley and Desiree Schaan

1995, articles sep8

Unemployment

Carl Walsh

1995, articles sep29

Inflation-indexed bonds

Chan Guk Huh

1995, articles sep15

Gaiatsu

Kenneth Kasa

1995, articles sep22

Output-inflation tradeoffs and central bank independence

Carl Walsh

1995, articles aug18

Productivity and labor costs in newly industrializing countries

Stephen Golub

1995, articles aug4

Is state and local competition for firms harmful?

Joe P. Mattey and Mark Spiegel

1995, articles jul7

New measures of output and inflation

Brian Motley

1995, articles jul28

Rebound in U.S. banks' foreign lending

Gary Zimmerman

1995, articles jun9

Understanding trends in foreign exchange rates

Kenneth Kasa

1995, articles jun23

Federal Reserve policy and the predictability of interest rates

Glenn Rudebusch

1995, articles may5

Monetary policy in a changing financial environment

Reuven Glick and Bharat Trehan

1995, articles may19

The economics of merging commercial and investment banking

Simon Kwan

1995, articles may12

Inflation goals and credibility

John P. Judd

1995, articles may26

Financial fragility and the lender of last resort

Timothy Cogley and Desiree Schaan

1995, articles apr21

Central bank independence and inflation

Robert T. Parry

1995, articles apr14

Financial liberalization and economic development

Chan Guk Huh

1995, articles apr28

Western banks and derivatives

Elizabeth Laderman

1995, articles apr7

Responses to capital inflows in Malaysia and Thailand

Reuven Glick and Ramon Moreno

1995, articles mar24

1995 District agricultural outlook

Stephen O. Dean

1995, articles mar31

Has the Fed gotten tougher on inflation?

John P. Judd and Bharat Trehan

1995, articles mar3

Rules vs. discretion in New Zealand monetary policy

Mark Spiegel

1995, articles mar17

Regional effects of the peso devaluation

Joe P. Mattey

1995, articles mar10

Mexico and the peso

Ramon Moreno

1995, articles feb24

Reduced deposit insurance risk

Frederick Furlong and Mark E. Levonian

1995, articles feb10

Central bank credibility and disinflation in New Zealand

Michael Hutchison

1995, articles feb17

Western update

Stephen O. Dean and Joe P. Mattey

1995, articles feb3

What are the lags in monetary policy?

Glenn Rudebusch

1995, articles jan13

A look back at monetary policy in 1994

Robert T. Parry

1995, articles jan20

Why banking isn't declining

Mark E. Levonian

1995, articles jan27

Economy boosts western banking in '94

Frederick Furlong and Gary Zimmerman

1995, articles jan6

The credibility of inflation targets

Bharat Trehan

1994, articles dec23

Effects of California migration

Joe P. Mattey

1994, articles dec30

Gradualism and Chinese financial reforms

Mark Spiegel

1994, articles dec9

The development of stock markets in China

James R. Booth and Lena Chua

1994, articles nov11

Crises in the thrift industry and the cost of mortgage credit

Stuart Gabriel

1994, articles nov

International trade and U.S. labor market trends

Kenneth Kasa

1994, articles nov4

Explaining Asia's low inflation

Ramon Moreno

1994, articles nov25

EU + Austria + Finland + Sweden + ?

Gary Zimmerman

1994, articles oct21

Growth and government policy: lessons from Hong Kong and Singapore

Kenneth Kasa

1994, articles oct14

Risk-based capital requirements and loan growth

Elizabeth Laderman

1994, articles oct28

Bank business lending bounces back

Gary Zimmerman

1994, articles oct7

The recent behavior of interest rates

Bharat Trehan

1994, articles sep2

Linkages of national interest rates

Adrian W. Throop

1994, articles sep9

Regional income divergence in the 1980s

Carolyn Sherwood-Call

1994, articles sep16

Exchange rate arrangements in the Pacific Basin

Reuven Glick

1994, articles sep23

How bad is the \\"bad loan problem\\" in Japan?

Chan Guk Huh and Sun Bae Kim

1994, articles sep30

Measuring the cost of \\"financial repression\\"

Chan Guk Huh and Sun Bae Kim

1994, articles aug19

A primer on monetary policy. Part II, targets and indicators

Carl Walsh

1994, articles aug5

A primer on monetary policy. Part 1, goals and instruments

Carl Walsh

1994, articles jul22

Interstate banking and risk

Mark E. Levonian

1994, articles jul15

Should the central bank be responsible for regional stabilization?

Timothy Cogley and Desiree Schaan

1994, articles jul1

Trade and growth: some recent evidence

Bharat Trehan

1994, articles jun24

An \\"intermountain miracle\\"?

Ronald H. Schmidt and Carolyn Sherwood-Call

1994, articles jun10

Manufacturing bias in regional policy

Ronald H. Schmidt

1994, articles may20

The persistence of the prime rate

James R. Booth

1994, articles may6

Just-in-time inventory management: has it made a difference?

Chan Guk Huh

1994, articles may27

A market-based approach to CRA

Jonathan A. Neuberger and Ronald H. Schmidt

1994, articles may13

GATS and banking in the Pacific Basin

Ramon Moreno

1994, articles apr15

Interstate banking in the West

Frederick Furlong

1994, articles apr22

California banks playing catch-up

Frederick Furlong and Jennifer Soller

1994, articles apr1

Monetary policy in a low inflation regime

Timothy Cogley

1994, articles apr8

Measuring the gains from international portfolio diversification

Kenneth Kasa

1994, articles apr29

California recession and recovery

Brian A. Cromwell

1994, articles mar11

The IPO underpricing puzzle

James R. Booth

1994, articles mar25

Industry effects in the stock returns of banks and nonfinancial firms

Jonathan A. Neuberger

1994, articles mar4

Monetary policy in the 1990s

Robert T. Parry

1994, articles mar18

New measures of the work force

Brian Motley

1994, articles feb11

Stock prices and bank lending behavior in Japan

Sun Bae Kim and Ramon Moreno

1994, articles feb18

Taiwan at the crossroads

Hang-Sheng Cheng

1994, articles feb25

1994 District agricultural outlook

Stephen O. Dean

1994, articles feb4

Is there a cost to having an independent central bank?

Carl Walsh

1994, articles jan21

The real effects of exchange rates

Adrian W. Throop

1994, articles jan7

Market risk and bank capital: part 1

Mark E. Levonian

1994, articles jan28

Banking market structure in the West

Elizabeth Laderman

1994, articles jan14

Market risk and bank capital: part 2

Mark E. Levonian