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Series:Economic Review 

Journal Article
Implications of structural changes in the U.S. economy for pricing behavior and inflation dynamics

Some key features of the behavior of inflation in the United States appear to have changed in the past 20 years, with potentially important implications for forecasters and policymakers. Recent studies have provided evidence of a decline in both the variability and persistence of inflation. ; Such shifts in the behavior or dynamics of inflation would necessitate changes in the economic relationships used by policymakers and economists to assess current conditions, forecast key economic indicators, and determine the implications of policy changes for future economic activity. ; Willis examines ...
Economic Review , Volume 88 , Issue Q I , Pages 5-27

Journal Article
Bank profitability and bank size

Economic Review , Volume 61 , Issue Jan , Pages 11-16

Journal Article
Banking reform and the transition to a market economy in Bulgaria: problems and prospects

Economic Review , Issue Jan , Pages 15-22

Journal Article
The use of severance taxes in Tenth District states

Economic Review , Volume 70 , Issue Apr , Pages 3-16

Journal Article
Bank capital standards for foreign exchange and other market risks

The Basle Committee on Banking Supervision has proposed methods for incorporating consideration of market risks--exchange rate, interest rate, and equity price risks--into risk-based capital standards for banks. This paper shows that the separate and seemingly different proposed approaches to the three sources of risk are consistent with one another, reflecting a single unifying theme. That theme is the measurement of risk through a weighting of two different measures of portfolio size, the gross position and the net position. A simple theoretical model demonstrates that such an approach ...
Economic Review

Journal Article
The instruments of monetary policy

Economic Review , Volume 69 , Issue May , Pages 3-20

Journal Article
Monetary growth and business cycles - part I: the theoretical and historical perspective

Economic Review , Volume 64 , Issue Apr , Pages 3-11

Journal Article
Downhill racers' dollars

Economic Review , Issue Oct , Pages 196-197

Journal Article
Is commercial real estate reliving the 1980s and early 1990s?

Concern has been rising about the health of the U.S. commercial real estate market and any impact it may have on financial markets and institutions. It is too early to judge the full extent of any problems, but commercial real estate financing has been shaken by the financial market turmoil associated with recent residential mortgage defaults. The spreads of commercial mortgage-backed securities have widened relative to Treasury securities, and recent reports suggest that prices for many commercial properties are declining. In addition to the direct effects on construction activity, large ...
Economic Review , Volume 93 , Issue Q III , Pages 89-115

Journal Article
Tax incentives for corporate leverage in the 1980s

Economic Review , Issue Fall , Pages 3-17

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