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Series:Economic Review 

Journal Article
Population migration in the United States: a survey of research

Economic Review , Issue Jan , Pages 12-21

Journal Article
Global banks, local crises: bad news from Argentina

Banking crises have been a recurrent phenomenon in Latin America over the past few decades. Some have argued that the internationalization of the banking sector has ushered in a new era: what used to be systemic risk from the perspective of local banks with undiversified portfolios might no longer be systemic from the standpoint of large international banks. ; Argentina's experience shows that the presence of international banks was not enough to prevent local banking crises and sizable losses to depositors. The "bad news" from Argentina, this article argues, is that depositors in emerging ...
Economic Review , Volume 87 , Issue Q3 , Pages 89-106

Journal Article
Path-dependent options

Economic Review , Issue Mar , Pages 29-34

Journal Article
Tax structure, optimal fiscal policy, and the business cycle

The development of a real business cycle model in which government fiscal variables such as tax rates and public expenditures are endogenous. The authors characterize the "optimal" behavior of these policy variables over the business cycle and relate this behavior to movements in private-sector variables like output, consumption, labor hours, and investment.
Economic Review , Volume 30 , Issue Q IV , Pages 2-14

Journal Article
The asymmetric effects of uncertainty.

Recovery from the recent financial crisis has been sluggish by historical standards, and employment growth has been similarly disappointing. Three periods of heightened economic uncertainty?the European sovereign debt crisis, the U.S. debt ceiling crisis, and, to a lesser extent, 2013's brief "taper tantrum"?may have contributed to this lackluster response. Foerster introduces a statistical model to analyze spikes in stock market volatility during these periods and thus quantify uncertainty's influence. He finds that uncertainty has asymmetric effects, with large increases in uncertainty ...
Economic Review , Issue Q III , Pages 5-26

Journal Article
United States-Canadian economic relationships

Economic Review , Volume 60 , Issue Feb , Pages 10-16

Journal Article
Monetary policy alternatives for Latin America

During the 1990s, many Latin American countries began to address their problems with recession, inflation, and unemployment through dramatic economic reforms and monetary policy strategies that included exchange rate pegs, monetary aggregate targeting, or inflation targeting. Inflation targeting, in particular, had begun to lower inflation rates and to stabilize or increase real economic growth in countries such as New Zealand, Canada, and the United Kingdom. But has inflation targeting proved as successful for Latin American economies? ; This article describes the recent history of monetary ...
Economic Review , Volume 86 , Issue Q3 , Pages 43-53

Journal Article
The regulation of bank entry

Economic Review , Issue Sum , Pages 5-13

Journal Article
Are bank loans still special?

Economic Review , Volume 77 , Issue Q III , Pages 71-84

Journal Article
A time series analysis of the control of money

Economic Review , Volume 60 , Issue Jan , Pages 3-9

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