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Series:Business Review  Bank:Federal Reserve Bank of Philadelphia 

Journal Article
Has suburbanization diminished the importance of access to Center City?

Nine years ago, the Business Review examined the role that access to Center City Philadelphia played in people's choices about where to live and how to commute. Using 1980 census data, that analysis concluded that access to Center City by both car and public transportation shaped people's choices in important ways. But since 1980, the Philadelphia metropolitan area has undergone a great deal of change, including a decentralization of both population and employment. In this article, Dick Voith revisits the questions first posed almost a decade ago to see how employment and population shifts ...
Business Review , Issue May , Pages 17-29

Journal Article
Loan commitments: insurance contracts in a risky world

Business Review , Issue May , Pages 3-12

Journal Article
Can the government roll over its debt forever?

Business Review , Issue Nov , Pages 3-18

Journal Article
Corporate governance and responsibility

In the first article this quarter, President Anthony Santomero asks: What is the root of the corporate governance problems that have recently gained the spotlight? Is it the mega-merger frenzy of the 1980s? Overly optimistic forecasts of earnings? Innovations in the financial services industry? Although these factors undoubtedly played some role, President Santomero views governance problems as having deeper roots. In "Corporate Governance and Responsibility," he points out that the central dilemma is one of conflicting interests in organizations - what economists call "the ...
Business Review , Issue Q2 , Pages 1-5

Journal Article
Do regional wages differ?

Business Review , Issue Jul , Pages 17-25

Journal Article
Geography, history, economies of density, and the location of cities

Economists believe that people choose to live and work at sites that have productive or amenity value such as a river, harbor, or some other natural resource. Another factor that may determine the location of a city is the benefits derived from density itself: agglomeration economies. Although these complementary explanations both have something useful to say about the locations and sizes of cities, they also have important limitations. While natural features seem important, it is difficult to point to one or even several that are valuable enough to explain a very large metropolitan area. And ...
Business Review , Issue Q3 , Pages 18-24

Journal Article
Housing: boom or bubble?

In recent years, the U.S. has seen an extraordinary increase in demand for housing and a rapid rise in house prices. Data show that nationally, the average price of an existing home, adjusted for inflation, rose more than 8 percent in 2004 and 2005, a faster pace than in any previous year. Some people have questioned whether this rapid rise was sustainable, and recent declines in the housing market have made this question more urgent. In "Housing: Boom or Bubble?," Tim Schiller asks whether there was a so-called bubble in house prices or whether fundamental economic factors explain the ...
Business Review , Issue Q4 , Pages 9-18

Journal Article
Commentary: Coming: a new phase for Regulation Q

Business Review , Issue Nov , Pages 3-4

Journal Article
The discount window and money control

Business Review , Issue May/Jun , Pages 3-12

Journal Article
The private costs of bank failures: some historical evidence

Business Review , Issue Mar , Pages 3-14

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Carlino, Gerald A. 25 items

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