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Journal Article
Currency quality and changes in the behavior of depository institutions
Janicki, Hubert P.; Wolman, Alexander L.; Moin, Nashat F.; Waddle, Andrea L. (2007-10)
Economic Quarterly , Volume 93 , Issue Fall , Pages 361-391

Journal Article
The problem of small change in early Argentina
Ennis, Huberto M. (2006-04)
Economic Quarterly , Volume 92 , Issue Spr , Pages 93-111

Journal Article
Monetary policy and global equilibria in a production economy
Wolman, Alexander L.; Hursey, Tim (2010-10)
In linear macroeconomic models, an active Taylor rule for monetary policy can guarantee a locally unique nonexplosive equilibrium. In a series of articles, Benhabib, Schmitt-Groh, and Uribe looked beyond the local dynamics and showed that active Taylor rules could interact with the zero bound on nominal interest rates to generate multiple equilibria, including a steady-state equilibrium with inflation below target. Recently, the persistence of low inflation and low nominal interest rates has brought attention to Benhabib, Schmitt-Groh, and Uribe's work in policy circles. We provide an ...
Economic Quarterly , Volume 96 , Issue 4Q , Pages 317-337

Journal Article
M2 and monetary policy: a critical review of the recent debate
Otrok, Christopher; Dotsey, Michael (1994-01)
Economic Quarterly , Issue Win , Pages 41-49

Journal Article
Land of Opportunity: Economic Mobility in the United States
Romero, Jessica Sackett; Athreya, Kartik B. (2015-04)
Authors Jessie Romero and Kartik Athreya interpret data that suggest economic mobility has decreased in recent years. Many factors contribute to mobility, but for most people advancement depends on opportunities to obtain human capital---opportunities that are not as good for children in poor families. Initiatives that focus on early childhood education seem to yield high returns on investment. Their feasibility on a large scale is unknown, but they may have the potential to help the United States achieve a more inclusive prosperity.
Economic Quarterly , Issue 2Q , Pages 169-191

Journal Article
Sentiment Analysis of the Fifth District Manufacturing and Service Surveys
Pinto, Santiago (2019-07)
This article uses basic text analytic techniques to examine the sentiment embodied in two surveys conducted by the Richmond Fed: the Manufacturing and Service Sector Surveys. Specifically, the article develops several sentiment indicators based on the comments provided by survey participants, contrasts the sentiment measures against responses to other survey questions, and analyzes the monthly evolution of the sentiment indicators during the period 2002-18. Two main conclusions emerge from the analysis. First, the indicators reflect reasonably well changes in economic sentiment along time. ...
Economic Quarterly , Issue 3Q , Pages 133-170

Journal Article
Growth accounting with technological revolutions
Hornstein, Andreas (1999-07)
Economic Quarterly , Issue Sum , Pages 1-22

Journal Article
Risk sharing, investment, and incentives in the neoclassical growth model
Espino, Emilio; Sanchez, Juan M. (2010-10)
We first study growth and risk sharing in a stochastic growth model with preference shocks and two risk-averse agents. In periods in which one of the agents needs extra consumption (insurance), it is socially optimal to reduce the consumption of the other agent (redistribution) and also to accumulate fewer resources for the future (disinvestment). The latter hurts growth while the former only affects the distribution of aggregate consumption. Then, to analyze if information matters, we study if the same allocation would be implementable under private information. We find that it depends on ...
Economic Quarterly , Volume 96 , Issue 4Q , Pages 399-416

Journal Article
To forgive or not to forgive : an analysis of U.S. consumer bankruptcy choices
Li, Wenli (2001-04)
Economic Quarterly , Issue Spr , Pages 1-22

Journal Article
Cycles in lending standards?
Weinberg, John A. (1995-07)
Economic Quarterly , Issue Sum , Pages 1-18

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