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Bank:Federal Reserve Bank of Chicago 

Newsletter
Hogs numbers declining

Agricultural Letter , Issue Oct , Pages 1-2

Journal Article
The credit restraint program in perspective

Excerpts from a speech to the Assembly for Bank Directors, Southhampton Princess, Bermuda, May 26, 1980
Economic Perspectives , Volume 4 , Issue Jul

Journal Article
When can we forecast inflation?

This article reassesses recent work that has challenged the usefulness of inflation forecasts. The authors find that inflation forecasts were informative in 1977-84 and 1993-2000, but less informative in 1985-92. They also find that standard forecasting models, while generally poor at forecasting the magnitude of inflation, are good at forecasting the direction of change of inflation.
Economic Perspectives , Volume 26 , Issue Q I , Pages 32-44

Journal Article
Evaluating the role of labor market mismatch in rising unemployment

Recent labor market trends have raised concerns that the unemployment rate is high not because employers are reluctant to hire but because they are unable to hire. These concerns, if true, would cast doubt on using monetary policy to stimulate the labor market, since it works by encouraging firms to hire more. Using a matching function approach, the author finds that a shock that makes it more difficult for firms to hire qualified applicants would by itself imply an unemployment rate of no more than 7.1 percent, much below the actual unemployment rate during the past two years. Hence, the ...
Economic Perspectives , Volume 35 , Issue Q III , Pages 82-96

Journal Article
The geographic evolution of the U.S. auto industry (pt. 2)

The authors examine changes in the footprint of the auto industry in the United States, starting in 1980 and tracking them through 2003. Their formal analysis of assembly and supplier plant locations traces the reorientation of the auto region from one that extends east?west to one that stretches north?south over this period. To accommodate the large size of the file and the number of illustrations, the article has been divided into two smaller files.
Economic Perspectives , Volume 30 , Issue Q II

Newsletter
A regional perspective on the U.S. business cycle

Chicago Fed Letter , Issue Nov

Newsletter
A retrospective on the Asian crisis of 1997: was it foreseen?

Chicago Fed Letter , Issue Jan

Conference Paper
The relative decline of banking: should we care?

Proceedings , Paper 16

Conference Paper
The parallel banking system

Proceedings , Paper 36

Conference Paper
Dissecting current legislative proposals for deposit insurance reform

Proceedings , Paper 312

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