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Journal Article
Southeastern state government employment varied since recession
Journal Article
The Southeast's economy claims its Olympic prize
Working Paper
The predictive power of the Senior Loan Officer Survey: do lending officers know anything special?
The answer to this question is yes, but not that much about banks. Every quarter the Federal Reserve System surveys a panel of senior loan officers at major banks across the nation. The results of this survey have been found in previous studies to provide useful information in predicting gross domestic product. This paper extends that work, finding that sector-specific survey results are relevant for predicting real activity in those sectors but, strangely, that the informative power of the survey results only marginally extend to various measures of performance in the banking sector.
Journal Article
The long-run outcome of a permanent deficit
Journal Article
A liberal discussion of financial liberalization
Journal Article
Structural booms: why the South grows
Since the end of the 1991 recession, almost 27 percent of all new jobs in the United States have been created in the six southeastern states that make up the Sixth Federal Reserve District. What accounts for this strong relative economic performance in the region? ; This article examines the forces behind the South's economic strength and looks ahead at the course of its economic development in terms of three alternative approaches--the industrial base, the convergence, and the structuralist models. In evaluating the models' usefulness for thinking about why regions grow, the author finds the ...