Review

1967 - 2025

Current editor(s): Juan M. Sanchez

From Federal Reserve Bank of St. Louis
Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().

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Comparing Measures of Potential Output pp. 297-316: Amy Guisinger, Michael Owyang and Hannah Shell
Effects of Credit Supply on Unemployment and Income Inequality pp. 345-362: Subhayu Bandyopadhyay, Elias Dinopoulos and Bulent Unel
Domestic Innovation and International Technology Diffusion as Sources of Comparative Advantage: Ana Maria Santacreu and Heting Zhu
Payment Systems and Privacy: Charles Kahn

How Well Does Agency Theory Explain Executive Compensation? pp. 201-36: George-Levi Gayle, Li Chen and Robert A. Miller
Top Earners: Cross-Country Facts pp. 237-57: Alejandro Badel, Moira Daly, Mark Huggett and Martin Nybom
Institutional Barriers and World Income Disparities pp. 259-79: Ping Wang, Russell Wong and Chong Yip
Intergenerational Mobility and the Effects of Parental Education, Time Investment, and Income on Children’s Educational Attainment pp. 281-95: George-Levi Gayle, Limor Golan and Mehmet Soytas

The Case for Central Bank Electronic Money and the Non-case for Central Bank Cryptocurrencies pp. 97-106: Aleksander Berentsen and Fabian Schär
Is Bitcoin a Waste of Resources? pp. 107-15: Stephen Williamson
Allan Meltzer and the Search for a Nominal Anchor pp. 117-26: James Bullard
Inflation Control: Do Central Bankers Have It Right? pp. 127-50: Stephen Williamson
Monetary Policy Regimes and the Real Interest Rate pp. 151-69: William Gavin
The Basel Accord and Financial Intermediation: The Impact of Policy pp. 171-200: Martin Berka and Christian Zimmermann
Blockchain: What It Is, What It Does, and Why You Probably Don’t Need One: David Andolfatto

A Short Introduction to the World of Cryptocurrencies pp. 1-16: Aleksander Berentsen and Fabian Schär
Furnishing an “Elastic Currency”: The Founding of the Fed and the Liquidity of the U.S. Banking System pp. 17-44: Mark Carlson and David Wheelock
Credit Cycles and Business Cycles: Costas Azariadis
The Aggregate Implications of Size-Dependent Distortions: Nicolas Roys

Industrial and Occupational Employment Changes During the Great Recession pp. 307-317: Sangmin Aum, Sang Yoon (Tim) Lee and Yongseok Shin
Fiscal Federalism and Optimal Income Taxes pp. 319-336: Maximiliano Dvorkin
Return to Capital in a Real Business Cycle Model pp. 337-350: Paul Gomme, B Ravikumar and Peter Rupert
Monetary Policy with Declining Deficits: Theory and an Application to Recent Argentine Monetary Policy pp. 351-375: Rodolfo Manuelli and Juan Vizcaino
Living Standards in St. Louis and the Eighth Federal Reserve District: Let’s Get Real pp. 377-394: Cletus Coughlin, Charles Gascon and Kevin Kliesen

Why Are Life-Cycle Earnings Profiles Getting Flatter? pp. 245-57: B Ravikumar and Guillaume Vandenbroucke
How Do Local Labor Markets Affect Retirement? pp. 259-78: Leora Friedberg, Michael Owyang, Wei Sun and Anthony Webb
Model Averaging and Persistent Disagreement pp. 279-294: Inkoo Cho and Kenneth Kasa
Terrorism, Trade, and Welfare pp. 295-306: Subhayu Bandyopadhyay, Todd Sandler and Javed Younas

So, Why Didn’t the 2009 Recovery Act Improve the Nation’s Highways and Bridges? pp. 169-182: Bill Dupor
Household Debt and the Great Recession: Carlos Garriga, Bryan J. Noeth and Don Schlagenhauf
Chinese Foreign Exchange Reserves, Policy Choices, and the U.S. Economy: Christopher Neely
Misallocation and Manufacturing TFP in Korea, 1982-2007: Minho Kim, Jiyoon Oh and Yongseok Shin

Does College Level the Playing Field? pp. 1-5: Ray Boshara
Why Does Wealth Vary Among College Graduates? pp. 41-43: Angelyque Campbell
Not All College Is Equal When It Comes to Wealth and Race pp. 45-51: Su Jin Jez
Addressing the Wealth Gap for Hispanic Families pp. 53-58: Eric Rodriguez
The Political Economy of Education, Financial Literacy, and the Racial Wealth Gap pp. 59-76: William Darity and Darrick Hamilton
Explaining Black-White Differences in College Outcomes at Missouri Public Universities pp. 77-83: Cory Koedel
Do Family Structure Differences Explain Trends in Wealth Differentials? pp. 85-101: Robert Lerman
Keynote Conversation pp. 103-120: Ray Boshara and William Darity
“Family Achievements?”: How a College Degree Accumulates Wealth for Whites and Not For Blacks pp. 121-137: Alexis Mann, Tatjana Meschede, Thomas M. Shapiro and Joanna Taylor
The Homeownership Experience of Minorities During the Great Recession pp. 139-167: Carlos Garriga, Lowell Ricketts and Don Schlagenhauf
College Is Not Enough: Higher Education Does Not Eliminate Racial and Ethnic Wealth Gaps: William Emmons and Lowell Ricketts

Duration Dependence and Composition in Unemployment Spells pp. 263-276: James D. Eubanks and David Wiczer
A Macroeconomic News Index for Constructing Nowcasts of U.S. Real Gross Domestic Product Growth pp. 277-296: Sean P. Grover, Kevin Kliesen and Michael McCracken
Stylized Facts on the Organization of Small Business Partnerships pp. 297-310: Emilio Espino, Julian Kozlowski and Juan Sanchez
Optimal Ramsey Capital Taxation with Endogenous Government Spending pp. 311-327: YiLi Chien and Junsang Lee

Sales of Distressed Residential Property: What Have We Learned from Recent Research? pp. 159-88: Jeffrey Cohen, Cletus Coughlin and Vincent Yao
The Visible Hand: The Role of Government in China’s Long-Awaited Industrial Revolution pp. 189-226: George E. Fortier and Yi Wen
A Taylor Rule for Public Debt pp. 227-38: Costas Azariadis
Monetary Policy in an Oil-Exporting Economy pp. 239-61: Jesus Bejarano, Franz Hamann, Paulina Restrepo-Echavarria and Diego Rodriguez Guzman

In Memoriam: Robert H. Rasche pp. iii-iv: Anonymous
Student Loans Under the Risk of Youth Unemployment pp. 129-158: Alexander Monge-Naranjo
Permazero: James Bullard
Secular Stagnation and Monetary Policy: Lawrence Summers
Market Power and Asset Contractibility in Dynamic Insurance Contracts: Alexander Karaivanov and Fernando Martin

Three Challenges to Central Bank Orthodoxy pp. 1-16: James Bullard and Kevin Kliesen
A Regional Look at U.S. International Trade pp. 17-39: Maximiliano Dvorkin and Hannah Shell
Relative Income Traps pp. 41-60: Maria A. Arias and Yi Wen
Aging and Wealth Inequality in a Neoclassical Growth Model pp. 61-80: Guillaume Vandenbroucke