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Working Paper
Cola coverage: the role of relative prices
Working Paper
Determinants of the decline in union COLA's
Briefing
Who's processing your payments?
This article looks at the many roles nonbanks play in payments activities and the oversight questions that arise as a result.
Conference Paper
Nonbanks in the payments system: European and U.S. perspectives
Journal Article
The natural rate of unemployment: concepts and issues
Journal Article
Electronic payments in the U.S. economy : an overview
Business publications are filled these days with stories about the digital or electronic economy. One routinely reads about e-commerce, e-business, and e-banking. Terms such as e-mail and e-tickets have entered the common lexicon. Some analysts have gone so far as to proclaim that the U.S. economy is being fundamentally transformed and is entering a "new age" of unparalleled growth and opportunity.> While such a view is open to debate, clearly some major, potentially far-ranging, changes are under way. The most visible and most dramatic involve e-commerce. A growing amount of economic ...
Briefing
A new era
The U.S. payments system has entered a new era ? one that is witnessing a marked decline in the use of paper checks and a sharp increase in the use of electronic payments.
Journal Article
Payment of interest on reserves
Journal Article
Why are so few financial assets indexed to inflation?