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Series:Economic Perspectives 

Journal Article
Corruption and innovation

In this article, the author illustrates how corruption can affect an industry's rate of innovation. An interesting result of analysis is that, under certain parameter ranges, small increases in the penalties to corruption or the effectiveness of detection can result in large increases in product innovation.
Economic Perspectives , Volume 32 , Issue Q I , Pages 29-39

Journal Article
The credit risk-contingency system of an Asian development bank

This article offers a new method for the evaluation of financial institutions, one that combines socioeconomic survey data with appropriate accounting standards. A government-operated development bank in Thailand is found to be offering a risk-contingency or insurance system while being regulated as a more standard, loan-generating bank. Farmer clients experiencing adverse shocks receive indemnities that improve their well-being. With proper provisioning and accounts, that welfare gain could be weighed against premia or government subsidies.
Economic Perspectives , Volume 25 , Issue Q III

Journal Article
Wealth effect of geographical deregulation: the case of Illinois

Economic Perspectives , Volume 10 , Issue Mar , Pages 13-17

Journal Article
Lessons from the history of money

This article looks at eight centuries of monetary history and asks: What happened and what have we learned? Money evolved from commodity-based to purely fiduciary, and in the trial-and-error process, governments learned some basic truths about price stability and the management of a sound currency.
Economic Perspectives , Volume 22 , Issue Q I

Journal Article
The inflation-unemployment tradeoff

Economic Perspectives , Volume 3 , Issue Sep

Journal Article
Black–White Differences in Intergenerational Economic Mobility in the U.S.

In recent decades, blacks have experienced substantially less upward mobility and substantially more downward mobility from one generation to the next than whites. These results are shown to be highly robust to a variety of measurement issues. The author examines rates of intergenerational mobility by race and asks whether such racial differences in the U.S. are likely to be eliminated and, if so, how long it might take.
Economic Perspectives , Issue Q I

Journal Article
Ex ante risk and ex post collapse of S&Ls in the 1980s

Economic Perspectives , Volume 16 , Issue Jul

Journal Article
Lagged reserve accounting and the Fed's new operating procedure

Economic Perspectives , Volume 6 , Issue Midyear , Pages 32-43

Journal Article
Family resources and college enrollment

This article reviews the literature on the effects of family income and tuition costs on college and enrollment and finds mixed evidence in support of tuition subsidies. The author also presents new evidence showing that college enrollment is especially sensitive to income for families with modest amounts of wealth, suggesting that borrowing constraints may be a factor in limiting access to higher education.
Economic Perspectives , Volume 27 , Issue Q IV

Journal Article
Seasonal monetary policy

Economic Perspectives , Volume 29 , Issue Q III , Pages 49-68




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