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Journal Article
Inventories and the business cycle: an overview
Fitzgerald, Terry J.
(1997-07)
A review of research on the relationship between inventory investment and business cycle fluctuations, focusing on the developments of the last 15 years. A central issue in the literature, the relative importance of demand and supply shocks as sources of fluctuations, continues to be debated.
Economic Review
, Issue Q III
, Pages 11-22
Journal Article
Theories of loan commitments: a literature review
Ergungor, O. Emre
(2001-07)
A loan commitment is an agreement by which a bank promises to lend to a customer at prespecified terms while retaining the right to renege on its promise if the borrower's creditworthiness deteriorates. The contract also specifies the various fees that must be paid over the life of the commitment. Loan commitments are widely used in the economy. As their use has spread, a rich literature has evolved to explain why they exist, how they are priced, and how they affect the risk of the bank and the deposit insurer. This article summarizes what we have learned on these issues. Its main insight is ...
Economic Review
, Issue Q III
, Pages 2-19
Journal Article
Challenges to monetary policy
anonymous
(1983-10)
Economic Review
, Issue Fall
, Pages 4-5
Journal Article
Land use planning perspectives
Duncan, Marvin R.
(1976-03)
Economic Review
, Volume 61
, Issue Mar
, Pages 3-10
Journal Article
Credit rationing by loan size in commercial loan markets
Villamil, Anne P.; Schreft, Stacey L.
(1992-05)
The authors present a theoretical model in which a profit-maximizing lender may ration credit to businesses by restricting loan size. Such credit rationing occurs despite the absence of differences across borrowers in default risk or loan administration costs. Moreover, the model predicts an interest rate-loan size pattern that matches that observed in U.S. commercial loan markets.
Economic Review
, Volume 78
, Issue May
, Pages 3-8
Journal Article
Recent financial innovations : courses, consequences for the payments system, and implications for monetary control
Summers, Bruce J.; Goodfriend, Marvin; Parthemos, James
(1980-03)
An abstract for this article is not available
Economic Review
, Volume 66
, Issue Mar
, Pages 14-27
Journal Article
Consumption taxes : macroeconomic effects and policy issues
Garner, C. Alan
(2005-04)
Proposals for fundamental reform of the federal tax code are receiving increased attention in the business press and among economic analysts and policymakers. President Bush has identified tax reform as a top priority, calling for a tax system that is ?pro-growth, easy to understand, and fair to all.? Moreover, the President has appointed a commission to consider different approaches to tax reform. One approach might be to improve the current income-based federal tax code, perhaps by broadening the tax base and lowering income-tax rates. However, another approach might be to replace current ...
Economic Review
, Volume 90
, Issue Q II
, Pages 5-29
Journal Article
Recent financial deregulation and the interest elasticity of M1 demand
Mehra, Yash P.
(1986-07)
Economic Review
, Volume 72
, Issue Jul
, Pages 13-24
Journal Article
Monetary policy actions and long-term interest rates
Sellon, Gordon H.; Roley, V. Vance
(1995-10)
It is generally believed that monetary policy actions are transmitted to the economy through their effect on market interest rates. According to this standard view, a restrictive monetary policy by the Federal Reserve pushes up both short-term and long-term interest rates, leading to less spending by interest-sensitive sectors of the economy such as housing, consumer durable goods, and business fixed investment. Conversely, an easier policy results in lower interest rates that stimulate economic activity. Unfortunately, empirical studies and the observed behavior of interest rates appear to ...
Economic Review
, Volume 80
, Issue Q IV
, Pages 73-89
Journal Article
The Tenth District: matching a nation in recovery
Miller, Glenn H.
(1992-01)
Economic Review
, Volume 77
, Issue Q I
, Pages 5-18
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