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Bank:Federal Reserve Bank of St. Louis 

Journal Article
A report on economic conditions in the St. Louis zone

Burgundy Books , Issue 4Q

Conference Paper
The Fed at seventy-five

Proceedings

Speech
A singular achievement of recent monetary policy

September 20, 2012. Presentation. "A Singular Achievement of Recent Monetary Policy." Presented at Theodore and Rita Combs Distinguished Lecture Series in Economics, University of Notre Dame.
Speech , Paper 204

Journal Article
Editor's introduction

Regional Economic Development , Issue Oct , Pages 77

Journal Article
Pace of GDP Growth, Disinflation Key in U.S. Economic Outlook

The U.S. economy began the year on solid footing, but forecasts of below-trend GDP growth and uncertainty about the pace of disinflation pose risks in 2023.
The Regional Economist

Journal Article
Can market-clearing models explain U.S. labor market fluctuations?

Throughout the past two decades, market-clearing models of the business cycle have been praised for their ability to explain key empirical features of the post-war U.S. business cycle. Real business cycle (RBC) theory shows that in a model grounded in microeconomic foundations, disturbances to national productivity can explain how aggregate variables such as GDP, consumption and investment behave over time, relative to each other. One of the primary weaknesses of the standard RBC model, however, is its inability to account for some important aspects of U.S. labor market fluctuations. In this ...
Review , Volume 81 , Issue Jul , Pages 35-49

Journal Article
Assessing simple policy rules: a view from a complete macroeconomic model (commentary)

Review , Volume 83 , Issue Jul , Pages 83-112

Journal Article
Assessing applied econometric results

Review , Issue Mar , Pages 71-94

Working Paper
On the accuracy of time series, interest rate and survey forecasts of inflation

Working Papers , Paper 1984-022

Working Paper
Evolving to the impatience trap: the example of the farmer-sheriff game

The literature on the evolution of impatience, focusing on one-person decision problems, finds that evolutionary forces favor the more patient individuals. This paper shows that in the context of a game, this is not necessarily the case. In particular, it offers a two- population example where evolutionary forces favor impatience in one group while favoring patience in the other. Moreover, not only evolution but also efficiency may prefer impatient individuals. In our example, it is efficient for one population to evolve impatience and for the other to develop patience. Yet, evolutionary ...
Working Papers , Paper 2012-033

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