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Working Paper
A public finance analysis of multiple reserve requirements
Espinosa-Vega, Marco A.; Russell, Steven (1999)
This paper analyzes multiple reserve requirements of the type that have been imposed by a number of developing countries. We show that previous theoretical work on this topic has not succeeded in providing a social welfare rationale for the existence of multiple reserve requirements. We go on to present a model in which it is possible for a multiple reserves regime to improve social welfare relative to simpler regimes involving reserve requirements and/or deposit taxes. We demonstrate the empirical plausibility of our approach by providing a case study of Mexico, a country with extensive ...
FRB Atlanta Working Paper , Paper 99-19

Journal Article
Effects of state and local public services on economic development
Fisher, Ronald C. (1997-03)
What impact do the quality and mix of state and local public services exert on economic development? Do high-quality services foster economic growth, even if accompanied by a high level of taxation? Are certain types of firms more sensitive to service quality than others? What are the difficulties inherent in measuring service quality, and how have investigators dealt with them?> Paper: Ronald C. Fisher> Discussion of Papers on Taxation and Public Services: Timothy J. Bartik, Harley T. Duncan, Therese J. McGuire, and Robert M. Ady
New England Economic Review , Issue Mar , Pages 53-82

Working Paper
The risk-free U.S. bond rate : errors in construction and use in econometric work
Hendershott, Patric H.; Cook, Timothy Q. (1977)
Observed differentials among yield series for different types of long-term instruments--U.S. government bonds, municipal bonds, corporate bonds and residential mortgages--vary considerably over time.
Working Paper , Paper 77-03

Speech
The national and regional economic outlook
Dudley, William (2011)
Remarks at Fordham University's Gabelli School of Business, Bronx, New York.
Speech , Paper 69

Newsletter
Public finance in the Midwest: the calm before the storm?
Mattoon, Richard H. (1995-09)
Chicago Fed Letter , Issue Sep

Discussion Paper
On the dynamic selection of mechanisms for provisions of public projects
Lagunoff, Roger (1995)
This paper describes a dynamic model in which the provision mechanism for a public project is itself the object of locational choice of individuals. Individuals in an ongoing society must choose between a Majority Rule mechanism and a Voluntary Contribution mechanism. Each mechanism determines a funding decision for a local public project which is repeated over time. Generations of individuals asynchronously supercede their parents, creating an entry/exit process that allows individuals with possibly different beliefs to enter society. A self confirming equilibrium (SCE) belief process ...
Discussion Paper / Institute for Empirical Macroeconomics , Paper 100

Working Paper
Fiscal policy in the United States: automatic stabilizers, discretionary fiscal policy actions, and the economy
Lutz, Byron F.; Follette, Glenn (2010)
We examine the effects of the economy on the government budget as well as the effects of the budget on the economy. First, we provide measures of the effects of automatic stabilizers on budget outcomes at the federal and state and local levels. For the federal government, the deficit increases about 0.35 percent of GDP for each 1 percentage point deviation of actual GDP relative to potential GDP. For state and local governments, the deficit increases by about 0.1 percent of GDP. We then examine the response of the economy to the automatic stabilizers using the FRB/US model by comparing the ...
Finance and Economics Discussion Series , Paper 2010-43

Speech
Beyond the crisis: reflections on the challenges
Checki, Terrence J. (2009)
Remarks at the Foreign Policy Association Corporate Dinner, New York City
Speech , Paper 8

Journal Article
Financing government through monetary expansion and inflation
Ruebling, Charlotte E. (1975-02)
Review , Volume 57 , Issue Feb , Pages 15-23

Journal Article
Guest editorial: We have met the federal government, and the federal government is us
Miller, Preston J. (2002-06)
The Region , Volume 16 , Issue Jun , Pages 34-36

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