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Journal Article
Living Standards in St. Louis and the Eighth Federal Reserve District: Let’s Get Real
Gascon, Charles S.; Kliesen, Kevin L.; Coughlin, Cletus C. (2017)
Recently, the Bureau of Economic Analysis (BEA) has developed the Regional Price Parities (RPPs), spatial price indexes that allow for comparison of cost of living differences across various geographic areas. By construction, RPPs compare the average price level for a region with the national average. Accordingly, unlike traditional, temporal price indexes, RPPs can be used to adjust nominal incomes for cost of living differences, thereby allowing for more accurate comparison of living standards across geographic areas. When adjusting incomes in this manner, the authors find that, despite ...
Review , Volume 99 , Issue 4 , Pages 377-394

Journal Article
Regulating carbon emissions: the cap-and-trade program
Ott, Lesli S.; Coughlin, Cletus C. (2009-10)
The anti-pollution program in Congress contains desirable economic features. But a key component - an auction process covering all permits for carbon emissions - does not seem to be politically viable.
The Regional Economist , Issue Oct , Pages 12-13

Journal Article
Homer Jones' views on the Korean crisis
Coughlin, Cletus C. (1998-03)
Monetary Trends , Issue Mar

Journal Article
How dangerous is the U.S. current account deficit?
Poole, William; Pakko, Michael R.; Coughlin, Cletus C. (2006-04)
Although this deficit has been rising steadily since the early 1990s, a "hard landing" for the U.S. economy is unlikely. One reason is that only in the United States can so many foreigners invest so much money and get such good returns.
The Regional Economist , Issue Apr , Pages 4-9

Journal Article
Measuring international trade policy: a primer on trade restrictiveness indices
Coughlin, Cletus C. (2010-09)
Measuring the overall restrictiveness of a country's international trade policies is important and, in fact, essential for estimating the effects of trade policies and for negotiations to reduce trade barriers. A good measure is also difficult to produce: Trade restrictiveness indices are constructed by combining the actual structure of trade restrictions, which is generally quite different across goods, into a single number. Under certain assumptions, this single number is the uniform tariff that would produce the same trade restrictiveness as the actual differentiated structure of ...
Review , Volume 92 , Issue Sep , Pages 381-394

Journal Article
Aviation security and terrorism: a review of the economic issues
Cohen, Jeffrey P.; Khan, Sarosh R.; Coughlin, Cletus C. (2002-09)
Following the terrorist attacks on September 11, 2001, the passage of the Aviation and Transportation Security Act mandated a substantial increase in resources devoted to aviation security. This paper summarizes the specific changes stemming from this legislation. In addition, the paper examines the economic issues underlying the regulation and provision of aviation security. The fact that security at one airport can affect the well being of those at other airports and elsewhere, an example of a network externality (spillover), provides an economic justification for governmental involvement ...
Review , Volume 84 , Issue Sep , Pages 9-24

Journal Article
World trade: past, present, and future
Coughlin, Cletus C. (2003-05)
International Economic Trends , Issue May

Journal Article
International travel: double trouble
Coughlin, Cletus C. (2002-05)
International Economic Trends , Issue May

Journal Article
Going down: the Asian crisis and U.S. exports
Pollard, Patricia S.; Coughlin, Cletus C. (1999-03)
The Asian financial and economic crisis has attracted much attention to the trade links among the United States and countries throughout Asia. Until the crisis, U.S. exports to East Asia were growing rapidly. In this article, Patricia S. Pollard and Cletus C. Coughlin examine the abrupt decline in exports and provide estimates of the sizes of the export shock both to the U.S. economy as a whole and to specific sectors. More than half the industries they studied experienced declines in exports to East Asia of more than 15 percent; however, focusing solely on the export data overstates the ...
Review , Issue Mar , Pages 33-46

Journal Article
The controversy over free trade: the gap between economists and the general public
Coughlin, Cletus C. (2002-01)
Despite economists? nearly universal support of free trade, the general public in the United States has serious reservations about it. In this article, Cletus C. Coughlin examines the reasons for this difference of opinion and the primary suggestions for bridging this gap.> Economists stress that free trade allows and, in fact, forces a nation to maximize the (net) value of the goods and services produced within its borders. Similarly, free trade allows consumers to maximize the net benefits from the goods and services that they purchase and consume. In addition, free trade improves a ...
Review , Volume 84 , Issue Jan. , Pages 1-22

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