Journal Article
Income inequality : a summary of the Bank's 1998 Symposium
Monto, Stephen A.; Weiner, Stuart E. (1998-10)
Income inequality has become an increasingly important public policy issue in industrialized countries in recent years. Although macroeconomic conditions have been favorable in many of these countries, the distribution of income within and across countries has remained uneven. In fact, in several countries, income inequality has risen. As a result, policymakers have become concerned that large segments of the population are not reaping the benefits of economic growth.> To gain a better understanding of these issues, the Federal Reserve Bank of Kansas City sponsored a symposium titled ...
Economic Review , Volume 83 , Issue Q IV , Pages 5-8

Journal Article
Monetary policy without reserve requirements: analytical issues
Weiner, Stuart E.; Sellon, Gordon H. (1996-10)
Reserve requirements have traditionally been viewed as a key instrument of monetary policy. Indeed, textbook discussions of monetary policy typically center on the role of reserve requirements in determining the size of the money multiplier and the magnitude of bank credit expansion. In recent years, however, there has been a significant decline in the use of reserve requirements in the United States and in other industrialized countries. Many countries have made substantial cuts in the level of reserve requirements, and some countries have eliminated reserve requirements altogether.> The ...
Economic Review , Volume 81 , Issue Q IV , Pages 5-24

Journal Article
The natural rate of unemployment: concepts and issues
Weiner, Stuart E. (1986-01)
Economic Review , Volume 71 , Issue Jan , Pages 11-24

Journal Article
New estimates of the natural rate of unemployment
Weiner, Stuart E. (1993-10)
Economic Review , Volume 78 , Issue Q IV , Pages 53-69

Journal Article
Budget deficits and debt: a summary of the Bank's 1995 Symposium
Weiner, Stuart E. (1995-10)
Chronic government budget deficits and escalating government debt have become major concerns in both developed and developing countries. To address the far-ranging implications, the bank's 1995 symposium in Jackson Hole, Wyoming, brought together a distinguished group of central bankers, finance ministers, academics, and financial market representatives from around the world.> Weiner summarizes the papers and commentary presented at the symposium. The discussions were marked by unusually strong agreement on several points. First, most participants agreed that government deficits and debt are ...
Economic Review , Volume 80 , Issue Q IV , Pages 5-17

Journal Article
The role of community banks in the U.S. economy
Keeton, William R.; Kahn, George A.; Weiner, Stuart E.; Schroeder, Linda (2003-04)
The U.S. banking system is unusual in consisting not only of some very large banks but also a large number of relatively small community banks. This bifurcated banking system in the United States has served the economy well. Over time, with regulatory change and financial innovation, large banks have become complex organizations engaged in a wide range of activities. They provide a variety of services to their customers, but often rely on hard financial information, computer models, and centralized decision-making as the basis for conducting business. In contrast, small banks have focused ...
Economic Review , Issue Q II , Pages 15-43

Journal Article
Financial market volatility: summary of the Bank's 1988 symposium
Weiner, Stuart E. (1989-01)
Economic Review , Volume 74 , Issue Jan , Pages 9-20

Journal Article
Payment of interest on reserves
Weiner, Stuart E. (1985-01)
Economic Review , Volume 70 , Issue Jan , Pages 16-31

Journal Article
Monetary policy without reserve requirements : case studies and options for the United States
Weiner, Stuart E.; Sellon, Gordon H. (1997-04)
Over the past decade, the level of required balances held by depository institutions in the United States has declined dramatically. The decline in reserve balances has fueled a debate over the role of reserve requirements. On the one hand, proponents of reserve requirements argue that low reserve balances may complicate monetary policy operations and increase short-term interest rate volatility. On the other hand, critics of reserve requirements argue that lower reserve requirements remove a distortionary tax on depository institutions and need not complicate monetary policy operations. ; In ...
Economic Review , Volume 82 , Issue Q II , Pages 5-30

Journal Article
The Federal Reserve's role in retail payments: adapting to a new environment
Weiner, Stuart E. (2008-10)
The U.S. retail payments system is in the midst of a transformation. The shift from paper to electronics, the emergence of new instruments and payments channels, the rise in nonbank participation, the change in risk profiles?all are elements of this new landscape. The Federal Reserve takes as one of its mandates fostering a payments system that is safe, efficient, and accessible. How does the Federal Reserve fulfill this mandate in this new environment? ; Since its beginning, the Federal Reserve has played a crucial role in the U.S. retail payments system. From time to time, that role has ...
Economic Review , Volume 93 , Issue Q IV , Pages 35-63