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Journal Article
Population migration in the United States: a survey of research
Kahley, William J. (1991-01)
Economic Review , Issue Jan , Pages 12-21

Journal Article
Global banks, local crises: bad news from Argentina
Kay, Stephen J.; Del Negro, Marco (2002-07)
Banking crises have been a recurrent phenomenon in Latin America over the past few decades. Some have argued that the internationalization of the banking sector has ushered in a new era: what used to be systemic risk from the perspective of local banks with undiversified portfolios might no longer be systemic from the standpoint of large international banks. ; Argentina's experience shows that the presence of international banks was not enough to prevent local banking crises and sizable losses to depositors. The "bad news" from Argentina, this article argues, is that depositors in emerging ...
Economic Review , Volume 87 , Issue Q3 , Pages 89-106

Journal Article
Path-dependent options
Hunter, William C.; Stowe, David W. (1992-03)
Economic Review , Issue Mar , Pages 29-34

Working Paper
A closer look at nonparticipants during and after the Great Recession
Rios-Avila, Fernando; Pitts, M. Melinda; Hotchkiss, Julie L. (2012)
This paper uses matched individual-level data from the Current Population Survey to determine that around the 2008 recession, there was a significant upward shift in trend of the share of labor force leavers giving "Schooling" and "Other" as the reason for absence from the labor market. This trend shift is observed primarily among workers between the ages of 25 and 54 and is widespread across all educational groups with at least a high school degree. In addition, the upward shift in the trend of the schooling reason share occurred among workers previously employed in occupations and ...
FRB Atlanta Working Paper , Paper 2012-10

Working Paper
Foreclosure externalities: Some new evidence
Willen, Paul S.; Gerardi, Kristopher S.; Yao, Vincent W.; Rosenblatt, Eric (2012)
In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale prices of nearby properties. We revisit this issue using a more robust identification strategy combined with new data that contain information on the location of properties secured by seriously delinquent mortgages and information on the condition of foreclosed properties. We find that while properties in virtually all stages of distress have statistically significant, negative effects on nearby home values, the magnitudes are economically small, peak before the distressed ...
FRB Atlanta Working Paper , Paper 2012-11

Working Paper
Comparing New Keynesian models in the Euro area: a Bayesian approach
Rubio-Ramirez, Juan F.; Rabanal, Pau (2003)
This paper estimates and compares four versions of the sticky price New Keynesian model for the Euro area, using a Bayesian approach as described in Rabanal and Rubio-Ramrez (2003). We find that the average duration of price contracts is between four and eight quarters, similar to the one estimated in the United States, while price indexation is found to be smaller. On the other hand, average duration of wage contracts is estimated to between one and two quarters, lower than the one found for the United States, while wage indexation is higher. Finally, the marginal likelihood indicates that ...
FRB Atlanta Working Paper , Paper 2003-30

Journal Article
Monetary policy alternatives for Latin America
Quispe-Agnoli, Myriam (2001-07)
During the 1990s, many Latin American countries began to address their problems with recession, inflation, and unemployment through dramatic economic reforms and monetary policy strategies that included exchange rate pegs, monetary aggregate targeting, or inflation targeting. Inflation targeting, in particular, had begun to lower inflation rates and to stabilize or increase real economic growth in countries such as New Zealand, Canada, and the United Kingdom. But has inflation targeting proved as successful for Latin American economies? ; This article describes the recent history of monetary ...
Economic Review , Volume 86 , Issue Q3 , Pages 43-53

Journal Article
Multiple measures give a better picture of bank market concentration
anonymous (2001-01)
Financial Update , Volume 14 , Issue Jan , Pages 4

Journal Article
Casinos shakeout was mild, upswing expected for Mississippi
anonymous (1995-10)
Regional Update , Issue Oct , Pages 17-19

Journal Article
The federal government's budget surplus: Cause for celebration?
Hafer, Rik; Dwyer, Gerald P. (1998-07-03)
Projected surpluses in the federal government's budget have generated fanfare sometimes verging on euphoria. Because the federal government last had a surplus in 1969, a projected surplus for fiscal year 1998 and later years is being viewed as something of a milestone. Unlike policies of the last three decades that have at least paid lip service to lowering the deficit, policy options now may include ways to use the surplus. Some have called for lowering taxes and others for increasing expenditures or retiring federal government debt. ; This article discusses the importance of going beyond ...
Economic Review , Volume 83 , Issue Q 3 , Pages 42-51

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