Skip to Main Content

Search
About Us
We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

Learn more about our bank >
Economic Research
We conduct research to support policymaking and thought leadership on issues important to the Federal Reserve and the Fifth District. We also inform the public through our data and economic analysis, publications, presentations and educational resources.

Learn more about Economic Research >
- People
- Data & Analysis
- Publications
- Events
- Podcast
- Contacts
- Our Regional Focus
- Special Reports: Economic Impact of COVID-19
Banking & Supervision
We help ensure our financial system is operating safely and effectively, and we help support secure and efficient methods to transfer your funds through our financial system.
Education
We work with teachers, students and the public to enhance understanding of economics, personal finance and the Federal Reserve.

Learn more about resources, museum visits & educational programs >
- Resources & Programs
- Field Trips & Classroom Visits
- Events
- People
Community Development
We work with community partners to identify and address economic challenges and opportunities in low- and moderate-income communities in the Fifth District.

Archives

1992 13

Nov/Dec, 1992

Forecasting the Effects of Reduced Defense Spending

Peter N. Ireland and Christopher Otrok

Nov/Dec, 1992

A Simple Model of Irving Fisher's Price-Level Stabilization Rule

Thomas M. Humphrey

Nov/Dec, 1992

Money Market Futures

Anatoli Kuprianov

Sep/Oct, 1992

Behind the Money Market: Clearing and Settling Money Market Instruments

David L. Mengle

Sep/Oct, 1992

How Useful Is M2 Today?

Robert L. Hetzel

Sep/Oct, 1992

Has M2 Demand Become Unstable?

Yash P. Mehra

Jul/Aug, 1992

The Case of the Reluctant Recovery

William E. Cullison

Jul/Aug, 1992

Oil Shocks, Monetary Policy, and Economic Activity

Michael Dotsey and Max Reid

May/Jun, 1992

Credit Rationing by Loan Size in Commercial Loan Markets

Stacey L. Schreft and Anne P. Villamil

May/Jun, 1992

In Search of a Stable, Short-Run M1 Demand Function

Yash P. Mehra

Mar/Apr, 1992

Marshallian Cross Diagrams and Their Uses before Alfred Marshall

Thomas M. Humphrey

Jan/Feb, 1992

Evidence of Improved Inventory Control

Dan M. Bechter and Stephen Stanley

Jan/Feb, 1992

Indexed Bonds as an Aid to Monetary Policy

Robert L. Hetzel
1991 16

Nov/Dec, 1991

Too Big to Fail: Origins, Consequences, and Outlook

Robert L. Hetzel

Nov/Dec, 1991

Financial Evolution and the Long-Run Behavior of Velocity

Peter N. Ireland

Sep/Oct, 1991

The Reaction of Interest Rates to the Employment Report

Timothy Q. Cook and Steven Korn

Sep/Oct, 1991

Monetary Policy and Operating Procedures in New Zealand

Michael Dotsey

Sep/Oct, 1991

International Trade and Payments Data: An Introduction

Robert F. Graboyes

Jul/Aug, 1991

Why Is There Debt?

Jeffrey M. Lacker

Jul/Aug, 1991

Loan Loss Reserves

John R. Walter

May/Jun, 1991

An Error-Correction Model of U.S. M2 Demand

Yash P. Mehra

May/Jun, 1991

A Total Production Index for Washington, D.C.

Dan M. Bechter, Zoltan Kenessey, Fred Siegmund and Ray D. Whitman

May/Jun, 1991

The Stealth Budget: Unfunded Liabilities of the Federal Government

Roy H. Webb

Mar/Apr, 1991

Nonneutrality of Money in Classical Monetary Thought

Thomas M. Humphrey

Mar/Apr, 1991

Survey Evidence of Tighter Credit Conditions: What Does It Mean?

Raymond E. Owens III and Stacey L. Schreft

Mar/Apr, 1991

Productivity in Banking and Effects from Deregulation

David B. Humphrey

Jan/Feb, 1991

Reflections on Deposit Insurance

Robert P. Black

Jan/Feb, 1991

Money, Credit, Banking, and Payments System Policy

Marvin Goodfriend

Jan/Feb, 1991

A Reserve Bank for Richmond

James Parthemos
1990 21

Nov/Dec, 1990

The Case for Interstate Branch Banking

David L. Mengle

Nov/Dec, 1990

Ricardo Versus Thornton on the Appropriate Monetary Response to Supply Shocks

Thomas M. Humphrey

Nov/Dec, 1990

Credit Controls: 1980

Stacey L. Schreft

Sep/Oct, 1990

Interest Rate Expectations and the Slope of the Money Market Yield Curve

Timothy Q. Cook and Thomas K. Hahn

Sep/Oct, 1990

The Macroeconomic Effects of Government Spending

Ching-Sheng Mao

Sep/Oct, 1990

Why do Estimates of Bank Scale Economies Differ?

David B. Humphrey

Jul/Aug, 1990

Reflections on the Strategy of Monetary Policy

Robert P. Black

Jul/Aug, 1990

The EMU: Forerunners and Durability

Robert F. Graboyes

Jul/Aug, 1990

A Yankee Recipe for a EuroFed Omelet

Robert F. Graboyes

Jul/Aug, 1990

Fifth District Bank Performance 1989

John R. Walter and Donald L. Welker

Jul/Aug, 1990

Real Output and Unit Labor Costs as Predictors of Inflation

Yash P. Mehra

May/Jun, 1990

Fisherian and Wicksellian Price-Stabilization Models in the History of Monetary Thought

Thomas M. Humphrey

May/Jun, 1990

Free Enterprise and Central Banking in Formerly Communist Countries

Robert L. Hetzel

May/Jun, 1990

Is Saving Too Low in the United States?

William E. Cullison

Mar/Apr, 1990

Reforming Deposit Insurance: Lessons from the Savings and Loan Crisis

Michael Dotsey and Anatoli Kuprianov

Mar/Apr, 1990

Takeovers and Stock Price Volatility

Jeffrey M. Lacker and John A. Weinberg

Mar/Apr, 1990

A Mandate for Price Stability

Robert L. Hetzel

Mar/Apr, 1990

Maintaining Price Stability: A Proposal

Robert L. Hetzel

Jan/Feb, 1990

In Support of Price Stability

Robert P. Black

Jan/Feb, 1990

The Federal Reserve Bank of Richmond: Governor Seay and the Issues of the Early Years

James Parthemos

Jan/Feb, 1990

The Lender of Last Resort: Alternative Views and Historical Experience

Michael D. Bordo
1989 19

Nov/Dec, 1989

Estimating Intertemporal Elasticity of Substitution

Ching-Sheng Mao

Nov/Dec, 1989

Labor Market Data

Roy H. Webb and William Whelpley

Nov/Dec, 1989

Top Performing Small Banks: Making Money the Old-Fashioned Way

Benton E. Gup and John R. Walter

Sep/Oct, 1989

Some Further Results on the Source of Shift in M1 Demand in the 1980s

Yash P. Mehra

Sep/Oct, 1989

M2 and Monetary Policy

Robert L. Hetzel

Sep/Oct, 1989

The Changing Labor Force: Some Provocative Findings

William E. Cullison

Sep/Oct, 1989

Changes in Manufacturing Employment in North Carolina Counties, 1980-85

Christine Chmura and Jane Ihrig

Jul/Aug, 1989

Precursors of the P-Star Model

Thomas M. Humphrey

Jul/Aug, 1989

The U.S. Productivity Slowdown: What the Experts Say

William E. Cullison

Jul/Aug, 1989

Macroeconomic Price Indexes

Roy H. Webb and Rob Willemse

May/Jun, 1989

The Future of Deposit Insurance: An Analysis of the Alternatives

Anatoli Kuprianov and David L. Mengle

May/Jun, 1989

Fifth District Banks' Return on Assets: Highest in Decade

John R. Walter and Donald L. Welker

May/Jun, 1989

Market Responses to Pricing Fedwire Daylight Overdrafts

David B. Humphrey

Mar/Apr, 1989

Banking Under Changing Rules: The Fifth District Since 1970

David L. Mengle

Mar/Apr, 1989

Lender of Last Resort: The Concept in History

Thomas M. Humphrey

Mar/Apr, 1989

Improving America's Competitiveness

H. Robert Heller

Mar/Apr, 1989

An Examination of International Trade Data in the 1980s

Michael Dotsey

Jan/Feb, 1989

Determinants of the Federal Funds Rate: 1979-1982

Timothy Q. Cook

Jan/Feb, 1989

Monetary Aggregates: A User's Guide

John R. Walter
1988 16

Nov/Dec, 1988

Commodity Prices as Predictors of Aggregate Price Change

Roy H. Webb

Nov/Dec, 1988

SIC: Switzerland's New Electronic Interbank Payment System

David L. Mengle and Christian Vital

Nov/Dec, 1988

International Risk-Based Capital Standard: History and Explanation

Malcolm C. Alfriend

Sep/Oct, 1988

Rival Notions of Money

Thomas M. Humphrey

Sep/Oct, 1988

The Forecast Performance of Alternative Models of Inflation

Yash P. Mehra

Sep/Oct, 1988

The Monetary Responsibilities of a Central Bank

Robert L. Hetzel

Jul/Aug, 1988

On Recognizing Inflation

William E. Cullison

Jul/Aug, 1988

A Review of Bank Performance in the Fifth District, 1987

David L. Mengle and John R. Walter

Jul/Aug, 1988

The Federal Reserve Act of 1913 in the Stream of U.S. Monetary History

James Parthemos

May/Jun, 1988

Financial Deregulation, Monetary Policy, and Central Banking

Marvin Goodfriend and Robert G. King

May/Jun, 1988

Fifth District Indexes of Manufacturing Output

Dan M. Bechter, Christine Chmura and Richard K. Ko

Mar/Apr, 1988

Rational Expectations Business Cycle Models: A Survey

Michael Dotsey and Robert G. King

Mar/Apr, 1988

Electronic Payments in Retrospect

Bruce J. Summers

Jan/Feb, 1988

Agricultural Summary and Outlook

Raymond E. Owens III

Jan/Feb, 1988

The Trade Theorist's Sacred Diagram: Its Origin and Early Development

Thomas M. Humphrey

Jan/Feb, 1988

Theoretical Analysis of the Demand for Money

Marvin Goodfriend and Bennett T. McCallum
1987 18

Nov/Dec, 1987

The Irrelevance of Tests for Bias in Series of Macroeconomic Forecasts

Roy H. Webb

Nov/Dec, 1987

Money Growth Volatility and High Nominal Interest Rates

Yash P. Mehra

Sep/Oct, 1987

The Fed's Anti-Inflationary Strategy: Is it Adequate?

Robert P. Black

Sep/Oct, 1987

The Case for Rules in the Conduct of Monetary Policy: A Concrete Example

Bennett T. McCallum

Sep/Oct, 1987

The Australian Money Market and the Operations of the Reserve Bank of Australia

Michael Dotsey

Jul/Aug, 1987

Henry Thornton: Seminal Monetary Theorist and Father of the Modern Central Bank

Robert L. Hetzel

Jul/Aug, 1987

Classical and Neoclassical Roots of The Theory of Optimum Tariffs

Thomas M. Humphrey

Jul/Aug, 1987

A Review of Bank Performance in the Fifth District, 1986

David L. Mengle and John R. Walter

May/Jun, 1987

Swiss and United States Monetary Policy: Has Monetarism Failed?

George Rich

May/Jun, 1987

The Effect of Exchange Rate Variation on U.S. Textile and Apparel Imports

Christine Chmura

May/Jun, 1987

Cost Dispersion and the Measurement of Economies in Banking

David B. Humphrey

May/Jun, 1987

An Overview of Agricultural Policy . . . Past, Present, and Future

Raymond E. Owens III

Mar/Apr, 1987

The Theory of Multiple Expansion of Deposits: Why it is and Whence it Came

Thomas M. Humphrey

Mar/Apr, 1987

The Equilibrium Approach to Exchange Rates

Alan C. Stockman

Mar/Apr, 1987

IPC or Total Deposits? There Is a Difference!

Donald L. Welker

Jan/Feb, 1987

Intraday Credit: Risk, Value, and Pricing

David B. Humphrey, David L. Mengle and Bruce J. Summers

Jan/Feb, 1987

Repurchase and Reverse Repurchase Agreements

Stephen A. Lumpkin

Jan/Feb, 1987

The Agricultural Outlook for 1987 . . . Financial Turnaround Unlikely

Raymond E. Owens III
1986 18

Nov/Dec, 1986

Options on Short-Term Interest Rate Futures

Anatoli Kuprianov

Jan/Feb, 1986

Japanese Monetary Policy, A Comparative Analysis

Michael Dotsey

Nov/Dec, 1986

Short-Term Municipal Securities

John R. Walter

Sep/Oct, 1986

Federal Funds: Instrument of Federal Reserve Policy

Marvin Goodfriend

Sep/Oct, 1986

Short-Term Interest Rate Futures

Anatoli Kuprianov

Jul/Aug, 1986

Treasury Bill versus Private Money Market Yield Curves

Timothy Q. Cook, Thomas A. Lawler and Timothy D. Rowe

Jul/Aug, 1986

Recent Financial Deregulation and the Interest Elasticity of M1 Demand

Yash P. Mehra

Jul/Aug, 1986

A Review of Bank Performance in the Fifth District, 1985

David L. Mengle and John R. Walter

May/Jun, 1986

The Discount Window

David L. Mengle

May/Jun, 1986

The National Income and Product Accounts

Roy H. Webb

May/Jun, 1986

Cumulative Process Models from Thornton to Wicksell

Thomas M. Humphrey

May/Jun, 1986

The Industrial Mix of Employment in the Fifth District, 1950-1985

Christine Chmura

Mar/Apr, 1986

An Analysis of Federal Reserve Pricing

Anatoli Kuprianov

Mar/Apr, 1986

Monetary Policy in the Early 1980s

Robert L. Hetzel

Mar/Apr, 1986

Real Budget Deficit Implications of Gramm-Rudman-Hollings

William G. Dewald

Jan/Feb, 1986

Thrift Competition: Does It Matter?

Donald L. Welker

Jan/Feb, 1986

A Weekly Rational Expectations Model of the Nonborrowed Reserve Operating Procedure

Marvin Goodfriend

Jan/Feb, 1986

The Agricultural Outlook for 1986 . . . Continued Financial Weakness Seen

Raymond E. Owens III
1985 14

Nov/Dec, 1985

The Rules versus Discretion Debate over Monetary Policy in the 1920s

Robert L. Hetzel

Nov/Dec, 1985

CBO and OMB Projections, Adjusted for Inflation, Show Federal Budget Deficit under Control

William G. Dewald

Sep/Oct, 1985

Controversy Over the Federal Budget Deficit: A Theoretical Perspective

Michael Dotsey

Sep/Oct, 1985

The Early History of the Phillips Curve

Thomas M. Humphrey

Jul/Aug, 1985

Toward More Accurate Macroeconomic Forecasts from Vector Autoregressions

Roy H. Webb

Jul/Aug, 1985

A Review of Bank Performance in the Fifth District, 1984

David L. Mengle and John R. Walter

Jul/Aug, 1985

The Monetary Control Act and the Role of the Federal Reserve in the Interbank Clearing Market

Anatoli Kuprianov

May/Jun, 1985

Are NOWs Being Used as Savings Accounts?

Timothy Q. Cook and Timothy D. Rowe

May/Jun, 1985

Daylight Overdrafts and Payments System Risks

David L. Mengle

Mar/Apr, 1985

The Evolution and Policy Implications of Phillips Curve Analysis

Thomas M. Humphrey

Mar/Apr, 1985

Inflationary Expectations, Money Growth, and the Vanishing Liquidity Effect of Money on Interest: A Further Investigation

Yash P. Mehra

Jan/Feb, 1985

Financial Innovation in the United States - Background, Current Status and Prospects

J. Alfred Broaddus, Jr.

Jan/Feb, 1985

Forecasts 1985

Roy H. Webb

Jan/Feb, 1985

The Agricultural Outlook for 1985 . . . A Little Promise Seen

Raymond E. Owens III
1984 16

Nov/Dec, 1984

Base Drift and the Longer Run Growth of M1: Experience from a Decade of Monetary Targeting

J. Alfred Broaddus, Jr. and Marvin Goodfriend

Nov/Dec, 1984

A Monetarist Money Demand Function

Robert L. Hetzel

Nov/Dec, 1984

The Behavior of the M1 Demand Function in the Early 1980s

Robert L. Hetzel

Sep/Oct, 1984

An Investigation of Cash Management Practices and Their Effects on the Demand for Money

Michael Dotsey

Sep/Oct, 1984

Algebraic Quantity Equations before Fisher and Pigou

Thomas M. Humphrey

Jul/Aug, 1984

The Fed's Mandate: Help or Hindrance?

Robert P. Black

Jul/Aug, 1984

The Tax Effect, and the Recent Behaviors of the After-Tax Real Rate: Is It Too High?

Yash P. Mehra

Jul/Aug, 1984

A Review of Bank Performance in the Fifth District, 1983

F. Ward McCarthy, Jr.

May/Jun, 1984

The Promises and Pitfalls of Contemporaneous Reserve Requirements for the Implementation of Monetary Policy

Marvin Goodfriend

May/Jun, 1984

On Nonneutral Relative Price Effects in Monetarist Thought: Some Austrian Misconceptions

Thomas M. Humphrey

May/Jun, 1984

Equalizing Regional Differences in Wages: A Study of Wages and Migration in the South and Other Regions

William E. Cullison

Mar/Apr, 1984

The Evolution of the Bank Regulatory Structure: A Reappraisal

F. Ward McCarthy, Jr.

Mar/Apr, 1984

The 1983 M1 Seasonal Factor Revisions: An Illustration of Problems That May Arise in Using Seasonally Adjusted Data for Policy Purposes

Timothy Q. Cook

Jan/Feb, 1984

Vector Autoregressions as a Tool for Forecast Evaluations

Roy H. Webb

Jan/Feb, 1984

Forecasts 1984

Roy H. Webb

Jan/Feb, 1984

The Economic Outlook for Fifth District States in 1984: Forecasts from Vector Autoregression Models

Anatoli Kuprianov and William M. Lupoletti
1983 14

Nov/Dec, 1983

The Behavior of the Spread between Treasury Bill Rates and Private Money Market Rates since 1978

Timothy Q. Cook and Thomas A. Lawler

Nov/Dec, 1983

Empirical Comparisons of Credit and Monetary Aggregates Using Vector Autoregressive Methods

Edward K. Offenbacher and Richard D. Porter

Nov/Dec, 1983

Money, Credit, and Federal Reserve Policy: Reply to Porter and Offenbacher

Benjamin M. Friedman

Nov/Dec, 1983

Response to Friedman

Edward K. Offenbacher and Richard D. Porter

Sep/Oct, 1983

An Examination of Implicit Interest Rates on Demand Deposits

Michael Dotsey

Sep/Oct, 1983

Can the Central Bank Peg Real Interest Rates? A Survey of Classical and Neoclassical Opinion

Thomas M. Humphrey

Jul/Aug, 1983

Why Economic Data Should Be Handled with Care: The Case of the Suspiciously Slow Growth Statistic

Roy H. Webb

Jul/Aug, 1983

A Review of Bank Performance in the Fifth District, 1982

John R. Walter

May/Jun, 1983

The Early History of the Real/Nominal Interest Rate Relationship

Thomas M. Humphrey

May/Jun, 1983

The Relationship between Money and Expenditure in 1982

Robert L. Hetzel

Mar/Apr, 1983

A Historical Assessment of the Rationales and Functions of Reserve Requirements

Marvin Goodfriend and Monica Hargraves

Jan/Feb, 1983

Forecasts 1983

Roy H. Webb

Jan/Feb, 1983

The 1983 Outlook for Agriculture

Sada L. Clarke

Jan/Feb, 1983

The Relationship between the Discount Rate and the Federal Funds Rate under the Federal Reserve's Post-October 6, 1979 Operating Procedure

J. Alfred Broaddus, Jr. and Timothy Q. Cook
1982 12

Nov/Dec, 1982

Macroeconomics after a Decade of Rational Expectations: Some Critical Issues

Bennett T. McCallum

Nov/Dec, 1982

Of Hume, Thornton, the Quantity Theory, and the Phillips Curve

Thomas M. Humphrey

Sept/Oct, 1982

The Real Bills Doctrine

Thomas M. Humphrey

Jul/Aug, 1982

The October 1979 Regime of Monetary Control and the Behavior of the Money Supply in 1980

Robert L. Hetzel

Jul/Aug, 1982

Interest Rates and Federal Deficits

Roy H. Webb

May/Jun, 1982

Money, the Monetary Base, and Nominal GNP

William E. Cullison

May/Jun, 1982

Determinants of Individual Tax-Exempt Bond Yields: A Survey of the Evidence

Timothy Q. Cook

Mar/Apr, 1982

The Competition for Transaction Accounts

Walter A. Varvel and John R. Walter

Mar/Apr, 1982

The Federal Reserve's Role in the Payments Mechanism and It's Communication Patterns

Theordore E. Allison

Jan/Feb, 1982

A Model of Money Stock Determination with Loan Demand and a Banking System Balance Sheet Constraint

Marvin Goodfriend

Jan/Feb, 1982

Forecasts 1982

Roy H. Webb

Jan/Feb, 1982

The Agricultural Outlook for '82

Sada L. Clarke
1981 16

Nov/Dec, 1981

Adam Smith and the Monetary Approach to the Balance of Payments

Thomas M. Humphrey

Nov/Dec, 1981

A Prescription for Monetary Policy 1981

Marvin Goodfriend

Nov/Dec, 1981

Inflation and Monetary Growth: Experience in Fourteen Countries of Europe and North America Since 1958

Richard T. Selden

Sep/Oct, 1981

Monetary Policy - The Possible and the Impossible

Robert P. Black

Sep/Oct, 1981

Unemployment and Its Measurement: Implications from a Survey of Long-Term Unemployment in Baltimore City

William E. Cullison

Jul/Aug, 1981

The Market for Federal Funds

Seth P. Maerowitz

Jul/Aug, 1981

Monetary Policy and Economic Performance, Summer 1976-November 1980: An Overview

Robert E. Weintraub

Jan/Feb, 1981

Keynes on Inflation

Thomas M. Humphrey

May/Jun, 1981

Explaining Exchange Rate Behavior: An Augmented Version of the Monetary Approach

Thomas M. Humphrey

May/Jun, 1981

Eurodollars

Marvin Goodfriend

May/Jun, 1981

The Quantity Theory Tradition and the Role of Monetary Policy

Robert L. Hetzel

Mar/Apr, 1981

Evolution in Banking Competition

Walter A. Varvel and Henry C. Wallich

Mar/Apr, 1981

Commercial Paper

Peter A. Abken

Mar/Apr, 1981

1980: A Difficult Year for Farmers

Sada L. Clarke

Jan/Feb, 1981

Forecasts 1981

William E. Cullison

Jan/Feb, 1981

More Promising . . . The Outlook for Agriculture in '81

Sada L. Clarke
1980 17

Nov/Dec, 1980

Redlining: An Economic Analysis

John P. Segala

Nov/Dec, 1980

Taxing Capital Gains

Roy H. Webb

Sep/Oct, 1980

Short-Term Investment Pools

Timothy Q. Cook and Jeremy G. Duffield

Sep/Oct, 1980

Investments for Small Savers at Commercial Banks

James F. Tucker

Jul/Aug, 1980

Eliminating Runaway Inflation: Lessons from the German Hyperinflation

Thomas M. Humphrey

Jul/Aug, 1980

Negotiable Certificates of Deposit

Bruce J. Summers

Jul/Aug, 1980

Current Issues in Monetary Control

William Poole

May/Jun, 1980

Depression or Price Controls: A Fictitious Dilemma for Anti-Inflation Policy

Roy H. Webb

May/Jun, 1980

Trends in Federal Taxation Since 1950

William E. Cullison

May/Jun, 1980

Dennis H. Robertson and the Monetary Approach to Exchange Rates

Thomas M. Humphrey

May/Jun, 1980

Bank Profits and Inflation

Henry C. Wallich

Mar/Apr, 1980

The Economics of Gold Price Movements

Peter A. Abken

Mar/Apr, 1980

Recent Financial Innovations: Courses, Consequences for the Payments System, and Implications for Monetary Control

Marvin Goodfriend, James Parthemos and Bruce J. Summers

Jan/Feb, 1980

The Financial Services Industry: Recent Trends and Future Prospects

Aubrey N. Snellings

Jan/Feb, 1980

Forecasts 1980

William E. Cullison

Jan/Feb, 1980

Less Promising . . . The 1980 Outlook for Agriculture

Sada L. Clarke

Jan/Feb, 1980

Bullionists' Exchange Rate Doctrines and Current Policy Debates

Thomas M. Humphrey
1979 14

Nov/Dec, 1979

Nonbank Activities of Fifth District Bank Holding Companies

Walter A. Varvel

Nov/Dec, 1979

On Fiscal Responsibility

James Parthemos

Sep/Oct, 1979

The Persistence of Inflation

Thomas M. Humphrey

Sep/Oct, 1979

Exchange Rate Policy and the Dual Role of Exchange Rate Movements in International Adjustment

Marvin Goodfriend

Jul/Aug, 1979

Demand Deposits: A Comparison of the Behavior of Household and Business Balances

Bruce J. Summers

Jul/Aug, 1979

Average Costs of Money Market Mutual Funds

Timothy Q. Cook and Jeremy G. Duffield

Jul/Aug, 1979

Money Market Mutual Funds: A Reaction to Government Regulations or A Lasting Financial Innovation?

Timothy Q. Cook and Jeremy G. Duffield

May/Jun, 1979

The Purchasing Power Parity Doctrine

Thomas M. Humphrey

May/Jun, 1979

Wage-Price Restraint and Macroeconomic Disequilibrium

Roy H. Webb

Mar/Apr, 1979

Farmland . . . An Increasingly Valuable Asset

Sada L. Clarke

Mar/Apr, 1979

Profitability of Minority Banks in 1977

James F. Tucker

Jan/Feb, 1979

The Interest Cost-Push Controversy

Thomas M. Humphrey

Jan/Feb, 1979

Forecasts 1979

William E. Cullison

Jan/Feb, 1979

A Summary of the International Banking Act of 1978

John P. Segala
1978 19

Nov/Dec, 1978

Automatic Transfers from Savings to Checking: Perspective and Prospects

J. Alfred Broaddus, Jr.

Nov/Dec, 1978

Regulation Q and the Behavior of Savings and Small Time Deposits at Commercial Banks and the Thrift Institutions

Timothy Q. Cook

Nov/Dec, 1978

Correspondent Services, Federal Reserve Services, and Bank Cash Management Policy

Bruce J. Summers

Sep/Oct, 1978

The Implicit Deposit Rate Concept: Issues and Applications

Michael A. Klein

Sep/Oct, 1978

Honest Money

Henry C. Wallich

Sep/Oct, 1978

Managing Cash Assets: Operating Balances and Reserve Requirements

Bruce J. Summers

Jul/Aug, 1978

The Monetary Approach to Exchange Rates: Its Historical Evolution and Role in Policy Debates

Thomas M. Humphrey

Jul/Aug, 1978

Seasonal Movements in Short-Term Yield Spreads

Thomas A. Lawler

Jul/Aug, 1978

LIFO Inventory Accounting: Effects on Corporate Profits, Inventory-Sales Ratios, and Inventory Investment

Walter A. Varvel

May/Jun, 1978

District Enjoys Strong Income Growth

Aubrey N. Snellings

May/Jun, 1978

The Farm Income and Debt Situation in Perspective

Sada L. Clarke

May/Jun, 1978

The Cause of the Dollar Depreciation

Robert L. Hetzel and Thomas A. Lawler

Mar/Apr, 1978

Perspectives on Fifth District Banking: 1960-1976

Bruce J. Summers

Mar/Apr, 1978

The Impact of Large Time Deposits on the Growth Rate of M2

Timothy Q. Cook

Mar/Apr, 1978

Farm Financial and Credit Conditions

Sada L. Clarke

Jan/Feb, 1978

Business Forecasts 1978

Sandra D. Baker and Bruce J. Summers

Jan/Feb, 1978

The Outlook for Agriculture in '78

Sada L. Clarke

Jan/Feb, 1978

Short-Term Business Credit in the Recovery

Bruce J. Summers

Jan/Feb, 1978

Some Recent Developments in Phillips Curve Analysis

Thomas M. Humphrey
1977 15

Nov/Dec, 1977

Some Factors Affecting Short-Run Growth Rates of the Money Supply

J. Alfred Broaddus, Jr. and Timothy Q. Cook

Nov/Dec, 1977

Seasonal Adjustment of the Money Stock: Problems and policy Implications

Thomas A. Lawler

Sep/Oct, 1977

A Primer on the Importance of the Money Supply

Robert L. Hetzel

Sep/Oct, 1977

Two Views of Monetary Policy: The Attwood-Mill Debate Revisited

Thomas M. Humphrey

Jul/Aug, 1977

Bank Capital Adequacy: Perspectives and Prospects

Bruce J. Summers

Jul/Aug, 1977

Changes in Banking Concentration in Selected Fifth District SMSAs, 1970-1976

Walter A. Varvel and Suzanne J. Stone

Jul/Aug, 1977

The Need for Order in International Finance

Arthur F. Burns

May/Jun, 1977

On Cost-Push Theories of Inflation in the Pre-War Monetary Literature

Thomas M. Humphrey

May/Jun, 1977

Factors Determining Exchange Rates: A Simple Model and Empirical Tests

Thomas M. Humphrey and Thomas A. Lawler

Mar/Apr, 1977

Changing Yield Spreads in the U. S. Government Bond Market

Timothy Q. Cook

Mar/Apr, 1977

Private Domestic Investment in the Current Business Cycle

Thomas A. Lawler

Mar/Apr, 1977

Focusing on . . . Farm Financial and Credit Conditions

Sada L. Clarke

Jan/Feb, 1977

A Monetarist Model of Exchange Rate Determination

Thomas M. Humphrey

Jan/Feb, 1977

Forecasts 1977: A Persistent but Gradual Expansion

William E. Cullison

Jan/Feb, 1977

Cautiously Optimistic . . . the Outlook for Agriculture in 1977

Sada L. Clarke
1976 15

Nov/Dec, 1976

Performance Characteristics of High-Earning Minority Banks

Bruce J. Summers and James F. Tucker

Nov/Dec, 1976

A Monetarist Model of World Inflation and the Balance of Payments

Thomas M. Humphrey

Sep/Oct, 1976

FDIC Policy Toward Bank Failures

Walter A. Varvel

Sep/Oct, 1976

Federal Deficits, Inflation, and Monetary Growth: Can They Predict Interest Rates?

William D. Jackson

Jul/Aug, 1976

The Economic Outlook: Cause for Optimism?

Aubrey N. Snellings

Jul/Aug, 1976

Some Current Controversies in the Theory of Inflation

Thomas M. Humphrey

May/Jun, 1976

Net Corporate Saving in the 1970's

Timothy Q. Cook

May/Jun, 1976

Regulations Affecting Competition Between Banks and Thrift Institutions in the Fifth District

Bruce J. Summers

Mar/Apr, 1976

Stabilization Policy: Time for a Reappraisal?

Aubrey N. Snellings

Mar/Apr, 1976

A Review of the Municipal Bond Market

Richard Rosenbloom

Mar/Apr, 1976

The $2 Bill Returns

Suzanne J. Stone

Jan/Feb, 1976

Foreign Banking in the United States: Movement Toward Federal Regulation

Bruce J. Summers

Jan/Feb, 1976

Forecasts 1976: Recovery But No Bicentennial Boom

William E. Cullison

Jan/Feb, 1976

Predicting the Rate of Inflation in 1976

Robert L. Hetzel

Jan/Feb, 1976

Outlook for Agriculture Optimistic

Sada L. Clarke
1975 16

Nov/Dec, 1975

Aggregating the Monetary Aggregates: Concepts and Issues

J. Alfred Broaddus, Jr.

Nov/Dec, 1975

A Monetarist Model of the Inflationary Process

Thomas M. Humphrey

Sep/Oct, 1975

The Strategy of Monetary Policy

Raymond E. Lombra and Raymond G. Torto

Sep/Oct, 1975

Loan Commitments to Business in United States Banking History

Bruce J. Summers

Jul/Aug, 1975

On Labor Market Indicators

William E. Cullison

Jul/Aug, 1975

A Valuation Approach to Bank Holding Company Acquisitions

Walter A. Varvel

May/Jun, 1975

The Current Recession in Perspective

Arthur F. Burns

May/Jun, 1975

A Time Series Analysis of Business Loans at Large Commercial Banks

Bruce J. Summers

May/Jun, 1975

Farmers' Financial Position

Sada L. Clarke

Mar/Apr, 1975

The District Economy in Perspective: 1974

B. Gayle Ennis

Mar/Apr, 1975

Medical Care: Rising Cost in a Peculiar Marketplace

James F. Tucker

Mar/Apr, 1975

Agriculture: Outlook for 1975 is Cloudy

Sada L. Clarke

Mar/Apr, 1975

Financial Forecasts: 1975

B. Gayle Ennis

Jan/Feb, 1975

The Classical Concept of the Lender of Last Resort

Thomas M. Humphrey

Jan/Feb, 1975

Financial Highlights: 1974

B. Gayle Ennis

Jan/Feb, 1975

Forecasts 1975

William E. Cullison
1974 14

Nov/Dec, 1974

The Concept of Indexation in the History of Economic Thought

Thomas M. Humphrey

Nov/Dec, 1974

Indexation as a Response to Inflation: An Examination

James F. Tucker

Sep/Oct, 1974

The Residential Mortgage Market in Recent Years

Timothy Q. Cook

Sep/Oct, 1974

Factors Behind Rising Food Costs

Sada L. Clarke

Jul/Aug, 1974

Public Utility Pricing, Debt Financing, and Consumer Welfare

Andrew Brimmer

Jul/Aug, 1974

State Taxation of Fifth District Banks

Daniel A. Karp

May/Jun, 1974

The Quantity Theory of Money: Its Historical Evolution and Role in Policy Debates

Thomas M. Humphrey

May/Jun , 1974

Letter on Monetary Policy

Milton Friedman

Mar/Apr, 1974

The District Economy in Perspective: 1973

B. Gayle Ennis

Mar/Apr, 1974

Forecasts 1974

William E. Cullison

Mar/Apr , 1974

The Agricultural Outlook for '74

Sada L. Clarke

Mar/Apr, 1974

Financial Forecasts: 1974

B. Gayle Ennis

Jan/Feb, 1974

Financial Highlights of 1973

Philip H. Davidson and B. Gayle Ennis

Jan/Feb, 1974

Investor Participation in Financing Residential Mortgages: 1963-1972

Philip H. Davidson

Contact Us

Lisa Kenney (804) 697-8179