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Author:Nelson, Clarence W. 

Journal Article
Modeling the impact of an energy price shock on interregional income transfer

Quarterly Review , Volume 12 , Issue Sum , Pages 2-17

Journal Article
A visible hand: the Fed's involvement in the check payments system

It is common knowledge that the Federal Reserve System was originally set up to provide the nation with a stable currency and a sound banking system. Less well known, however, is why the Fed was given an operating role in the nation's payments system. In this article, James N. Duprey and Clarence W. Nelson describe the problems of the check payments system before the Fed was created, suggest reasons why the private sector was unable to resolve them, and indicate how the framers of the Federal Reserve Act intended to have the Fed resolve them. Duprey and Nelson argue that while a unified ...
Quarterly Review , Volume 10 , Issue Spr , Pages 18-29

Report
Monetary policy for 1976 - a primer

Annual Report

Working Paper
Categories of criticism of the rational expectations theory

Working Papers , Paper 49

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