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Series:Economic Perspectives 

Journal Article
Seasonal monetary policy

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

Journal Article
Including thrifts in bank merger analysis

Economic Perspectives , Volume 7 , Issue Jul , Pages 3-16

Journal Article
Long-term earnings losses of high-seniority displaced workers

Economic Perspectives , Volume 17 , Issue Nov , Pages 2-20

Journal Article
Business insights: Capital spending in broad uptrend

Economic Perspectives , Volume 1 , Issue Sep

Journal Article
House prices and the proposed expansion of Chicago's O'Hare Airport

Quieter aircraft are causing the 65-db noise contour band around O'Hare Airport to shrink over time, even in the event that air traffic increases by nearly 60 percent after the proposed expansion of the airport. Forecasts imply that home prices will increase by nearly $280 million (in 1997 dollars) between 1997 and the time after the expansion of the airport as the number of homes subject to severe noise falls.
Economic Perspectives , Volume 28 , Issue Q III

Journal Article
Bankers' acceptances revisited

Economic Perspectives , Volume 7 , Issue May , Pages 21-31

Journal Article
Central banking and the economics of information

This article concerns the potential relevance of information technology to three aspects of central banking: setting the objectives of monetary policy, ensuring the integrity and security of financial system infrastructure, and maintaining the transparency of decision-making. Regarding integrity and security of infrastructure, a revised role for central banks may be appropriate. However, recent innovations in technology and advances in learning confirm the wisdom of central banks' efforts to control inflation and maintain their own transparency.
Economic Perspectives , Volume 25 , Issue Q II , Pages 28-37

Journal Article
Post-resolution treatment of depositors at failed banks: implications for the severity of banking crises, systemic risk, and too big to fail

Losses from bank failures have significant adverse implications for bank stakeholders, as well as for the macroeconomy. This article examines the potential sources of such losses, in particular the losses that may occur after the date a bank is failed, and makes recommendations on how to minimize these losses.
Economic Perspectives , Volume 26 , Issue Q II

Journal Article
Medicaid and the elderly

In 2009, Medicaid spent over $75 billion on 5.3 million elderly beneficiaries. This article describes the Medicaid rules for the elderly and discusses their economic implications.
Economic Perspectives , Volume 36 , Issue Q I , Pages 17-34

Journal Article
Market discipline and subordinated debt: a review of some salient issues

Requiring banks to issue subordinated debt is one proposal to bring market discipline to bear in aiding regulatory supervision. This article explores the frictions that produce a need for discipline (agency problems) and the mechanisms markets have evolved for dealing with these frictions. Following an examination of the rationales and assumptions underlying subordinated debt proposals, the article concludes that the case tying regulatory intervention to subordinated debt spreads is not clear-cut, and that use of all available information, including equity returns and debt yields, when ...
Economic Perspectives , Volume 25 , Issue Q I , Pages 24-45

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