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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The increasing importance of proximity for exports from U.S. states pp. 1-18: Cletus Coughlin
Monetary policy and asset prices: a look back at past U.S. stock market booms pp. 19-44: Michael Bordo and David Wheelock
What does the Federal Reserve's economic value model tell us about interest rate risk at U.S. community banks? pp. 45-60: Gregory E. Sierra and Timothy J. Yeager
Discrete policy changes and empirical models of the federal funds rate pp. 61-72: Michael Dueker and Robert Rasche

Free trade: why are economists and noneconomists so far apart? pp. 1-6: William Poole
Trends in the efficiency of Federal Reserve check processing operations pp. 7-20: David Wheelock and Paul Wilson
Testing the expectations hypothesis: some new evidence for Japan pp. 21-40: Daniel Thornton
Asymmetric effects of monetary policy in the United States pp. 41-60: Morten Ravn and Martin Sola

Inflation targeting and optimal monetary policy pp. 15-42: Michael Woodford
Commentary on Inflation targeting and optimal monetary policy pp. 43-50: Stephanie Schmitt-Grohe
The macroeconomic effects of inflation targeting pp. 51-80: Andrew Levin, Fabio M. Natalucci and Jeremy Piger
Commentary on The macroeconomic effects of inflation targeting pp. 81-88: Harald Uhlig
The role of policy rules in inflation targeting pp. 89-112: Kenneth Kuttner
Commentary on The role of policy rules in inflation targeting pp. 113-116: Monika Piazzesi
Is inflation targeting best-practice monetary policy? pp. 117-144: Jon Faust and Dale Henderson
Commentary on Is inflation targeting best-practice monetary policy? pp. 145-150: Benjamin M. Friedman
Practical problems and obstacles to inflation targeting pp. 151-160: Laurence H. Meyer
Commentary on Practical problems and obstacles to inflation targeting pp. 161-164: Lars Svensson
Panel discussion: inflation targeting pp. 165-183: Ben Bernanke, Otmar Issing and Donald L. Kohn

Best guesses and surprises pp. 1-8: William Poole
Monetary policy actions, macroeconomic data releases, and inflation expectations pp. 9-22: Kevin Kliesen and Frank A. Schmid
A rational pricing explanation for the failure of CAPM pp. 23-34: Hui Guo
How costly is sustained low inflation for the U.S. economy? pp. 35-68: James Bullard and Steven Russell

A perspective on U.S. international trade pp. 1-8: William Poole
State government finances: World War II to the current crises pp. 9-25: Thomas Garrett and Gary A. Wagner
The Federal Reserve responds to crises: September 11th was not the first pp. 27-42: Christopher Neely
Timeless perspective vs. discretionary monetary policy in forward-looking models pp. 43-56: Bennett McCallum and Edward Nelson

A perspective on U.S. international capital flows pp. 1-8: William Poole
Casino gaming and local employment trends pp. 9-22: Thomas Garrett
U. S. regional business cycles and the natural rate of unemployment pp. 23-32: Howard Wall and Gylfi Zoega
Subjective probabilities: psychological theories and economic applications pp. 33-48: Abbigail J. Chiodo, Massimo Guidolin, Michael Owyang and Makoto Shimoji
The efficient market hypothesis and identification in structural VARs pp. 49-60: Lucio Sarno and Daniel Thornton

Fed transparency: how, not whether pp. 1-8: William Poole
Burgernomics: a big MacT guide to purchasing power parity pp. 9-28: Michael Pakko and Patricia Pollard
Banking antitrust: are the assumptions still valid? pp. 29-52: R. Gilbert and Adam Zaretsky
The use of long-run restrictions for the identification of technology shocks pp. 53-66: Neville Francis, Michael Owyang and Athena T. Theodorou

Institutions for stable prices: how to design an optimal central bank law pp. 1-6: William Poole
How banks can self-monitor their lending to comply with the equal credit opportunity act pp. 7-22: Peggy D. Dwyer, James H. Gilkeson and Drew B. Winters
The 2001 recession: how was it different and what developments may have caused it? pp. 23-38: Kevin Kliesen
A reconstruction of the Federal Reserve Bank of St. Louis adjusted monetary base and reserves pp. 39-69: Richard Anderson, Jeffrey Loesel and Robert Rasche

Monetary policy and financial market evolution pp. 7-26: Valerie Bencivenga and Bruce Smith
Commentary on Monetary policy and financial market evolution pp. 27-30: Franklin Allen
More on finance and growth: more finance, more growth? pp. 31-46: Ross Levine
Commentary on More on finance and growth: more finance, more growth?\\" pp. 47-52: Luigi Zingales
Equity market liberalization in emerging markets pp. 53-74: Geert Bekaert, Campbell Harvey and Christian Lundblad
Commentary on Equity market liberalization in emerging markets pp. 75-80: Peter Henry
Historical perspectives on financial development and economic growth pp. 81-106: Peter Rousseau
Historical perspectives on financial development and economic growth - commentary pp. 107-110: Eugene White
The real effects of U.S. banking deregulation pp. 111-128: Philip E. Strahan
Commentary on The real effects of U.S. banking deregulation pp. 129-134: David Wheelock
Life-cycle dynamics in industrial sectors: the role of banking market structure pp. 135-148: Nicola Cetorelli
Commentary on Life-cycle dynamics in industrial sectors: the role of banking market structure pp. 149-150: Raghuram Rajan

Housing in the macroeconomy pp. 1-8: William Poole
Congestion at airports: the economics of airport expansions pp. 9-26: Jeffrey Cohen and Cletus Coughlin
FOMC forecast: is all the information in the central tendency? pp. 27-46: William Gavin
Strategic interaction in tax policies among states pp. 47-56: Ruben Hernandez-Murillo

Darryl Francis and the making of monetary policy, 1966-1975 pp. 1-12: Rik Hafer and David Wheelock
NAFTA and the geography of North American trade pp. 13-26: Howard Wall
On the pervasive effects of Federal Reserve settlement regulations pp. 27-46: Ken B. Cyree, Mark D. Griffiths and Drew B. Winters
Identifying business cycle turning points in real time pp. 47-61: Marcelle Chauvet and Jeremy Piger

The impact of changes in FOMC disclosure practices on the transparency of monetary policy: are markets and the FOMC better "synched"? pp. 1-10: William Poole and Robert Rasche
A look inside two central banks: the European Central Bank and the Federal Reserve pp. 11-30: Patricia Pollard
Was Y2K behind the business investment boom and bust? pp. 31-42: Kevin Kliesen
The financial condition of U.S. banks: how different are community banks? pp. 43-56: R. Gilbert and Gregory E. Sierra