Search Results
Journal Article
Measuring consumption growth: the impact of new and better products
Klenow, Peter J.
(2003-01)
This study describes how the U.S. government measures real consumption growth and how it tries to take account of a complicating factor: that the goods and services offered to consumers change over time; new products are introduced and old products are improved. The 1996 Boskin Commission critique of this government methodology is described, along with the changes made in response to that critique. Also described is recent research related to how real consumption growth should be measured in the presence of new and better products.
Quarterly Review
, Volume 27
, Issue Win
, Pages 10-23
Journal Article
Gresham's law or Gresham's fallacy?
Weber, Warren E.; Rolnick, Arthur J.
(1986-01)
In this article, the authors argue the answer to their title depends on whether a qualifier is added to the standard version of the law that "bad money drives out good." By examining several historical episodes, they find instances where bad money (valued more at the mint than in the market) failed to drive out good money (valued less at the mint than in the market). Rolnick and Weber next explain why the common qualifier to this law, which requires the mint to fix the rate of exchange at face value, does not reinstate the law. The common qualifier fails to give plausible reasons for how ...
Quarterly Review
, Volume 10
, Issue Win
, Pages 17-24
Journal Article
Event risk premia and bond market incentives for corporate leverage
Zimmer, Steven A.
(1990-04)
Quarterly Review
, Volume 15
, Issue Spr
, Pages 15-30
Journal Article
Money and the U.S. economy in the 1980s: a break from the past?
Christiano, Lawrence J.
(1986-07)
Quarterly Review
, Volume 10
, Issue Sum
, Pages 2-13
Journal Article
Inflation expectations surveys as predictors of inflation and behavior in financial and labor markets
Stone, Gary; Englander, A. Steven
(1989-10)
Quarterly Review
, Volume 14
, Issue Aut
, Pages 20-32
Journal Article
The Great Depression in the United States from a neoclassical perspective
Ohanian, Lee E.; Cole, Harold L.
(1999-01)
Can neoclassical theory account for the Great Depression in the United States?both the downturn in output between 1929 and 1933 and the recovery between 1934 and 1939? Yes and no. Given the large real and monetary shocks to the U.S. economy during 1929?33, neoclassical theory does predict a long, deep downturn. However, theory predicts a much different recovery from this downturn than actually occurred. Given the period?s sharp increases in total factor productivity and the money supply and the elimination of deflation and bank failures, theory predicts an extremely rapid recovery that ...
Quarterly Review
, Volume 23
, Issue Win
, Pages 2-24
Journal Article
Factors affecting the competitiveness of internationally active financial institutions
Hirtle, Beverly
(1991-04)
The author identifies the characteristics of banks and securities firms that appear to contribute to competitive success in the international arena. She bases her findings on studies of several bank product markets and a statistical analysis of the performance of fifty-one large financial institutions. Particular attention is given to the ways in which success in individual product markets translates into overall profitability.
Quarterly Review
, Volume 16
, Issue Spr
, Pages 38-51
Journal Article
Forecasting and policy analysis with Bayesian vector autoregression models
Litterman, Robert B.
(1984-10)
Quarterly Review
, Volume 8
, Issue Fall
Journal Article
District conditions
anonymous
(1982-04)
Quarterly Review
, Volume 6
, Issue Spr / Sum
Journal Article
Are large U.S. banks moving international activity off their balance sheets?
McCauley, Robert N.
(1986-07)
Quarterly Review
, Volume 11
, Issue Sum
, Pages 42-44
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