The steel trigger price mechanism
An examination of the 1978 steel trigger price mechanism, with a description of its operation and economic impact, and a discussion of events that led to its suspension in 1982.
U.S. dependence on foreign saving
An analysis of the determination of foreign investment in U.S. financial markets and suggestions for reducing dependence on foreign savings inflow.
Forecasting turning points with leading indicators
An examination of the Composite Index of Leading Indicators and its record as a forecasting tool. The authors conclude that while the index can provide useful information about business peaks and troughs, its value is limited by a tendency to give false signals, and its worth greatly increases when used in combination with other indexes.
Merchandise trade and the outlook for 1988
An explanation of why current forecasts that call for vast improvements in the U.S. trade balance and real net exports in 1988 may be too optimistic.
Regional interstate banking
A look at state initiatives in the interstate banking movement, including discussion about the economic and legal dimensions of regional banking pacts.
A basic analysis of the new protectionism
A discussion of the costs associated with trade restraint, focusing on devices currently used or recently proposed in the United States.
Does dollar depreciation matter: the case of auto imports from Japan
The Japanese auto industry is used as a case in point to illustrate some of the ways in which firms operating in export markets cope with exchange-rate changes.
Banking without interstate barriers
An examination of public policy issues related to the growth of interstate banking, such as its potential effects on concentration, competition, and soundness in the banking industry.
Oil, the economy, and monetary policy
An examination of the theoretical impact of an oil shortage on the U.S. economy and the problems that such shortages present for monetary policy.
Solutions to the international debt problem
A general discussion of the nature of the international debt problem and an analysis of a number of proposals for solving it.