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Series:Economic Review 

Journal Article
The Fed's anti-inflationary strategy: is it adequate?

Inflation remains a potential longer-run threat to the health of the economy despite the progress made in reducing the inflation rate in recent years. The Fed must have a credible strategy in place to meet this threat. As Richmond Fed president Robert P. Black notes in this speech to business economists, a strategy centered around targeting monetary aggregates may still be the best approach over time, even after account is taken of the technical problems encountered in using aggregates as targets in the 1980s. Black argues that the substitution of a rule for the present discretionary approach ...
Economic Review , Volume 73 , Issue Sep , Pages 3-9

Journal Article
Nonbank activities of Fifth District bank holding companies

An abstract for this article is not available
Economic Review , Volume 65 , Issue Nov , Pages 2-9

Journal Article
Exchange rate policy and the dual role of exchange rate movements in international adjustment

An abstract for this article is not available
Economic Review , Volume 65 , Issue Sep , Pages 16-26

Journal Article
The interest cost-push controversy

An abstract for this article is not available
Economic Review , Volume 65 , Issue Jan , Pages 3-10

Journal Article
Estimating intertemporal elasticity of substitution: the case of log- linear restrictions

Are linear regression models reliable in testing whether high expected real interest rates encourage current savings and deferred consumption? Here, a Monte Carlo test shows that a linear model yields a fairly accurate estimate and small standard error, but is highly susceptible to specification bias.
Economic Review , Volume 76 , Issue Nov , Pages 3-14

Journal Article
The concept of indexation in the history of economic thought

Economic Review , Volume 60 , Issue Nov , Pages 1-16

Journal Article
Exchange rate variability and international trade

Economic Review , Issue May , Pages 17-32

Journal Article
Path-dependent options: valuation and applications

Economic Review , Issue Jul , Pages 30-43

Journal Article
Boom and bust in the venture capital industry and the impact on innovation

After more than two decades of dramatic growth in the venture capital industry, the recent sharp decline in venture capital activity has raised concerns about the implications for technological innovation. This article argues that venture capital may have a powerful impact on innovation, but this effect is far from uniform. ; The author uses a supply and demand framework to consider the cyclical nature of the venture industry and explore why shifts in opportunities often do not rapidly translate into increased fund-raising. The discussion shows how the structure of venture funds and the ...
Economic Review , Volume 87 , Issue Q4 , Pages 25-39

Journal Article
The response of real output and inflation to monetary policy

Economic Review , Issue Sum , Pages 45-70

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Drabenstott, Mark 62 items

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