The case for staggered-reserve accounting
An argument for an institutional reform to lengthen the reserve- accounting period from one week to four weeks and to stagger the reserve-accounting periods among four groups of banks. Such staggered- reserve accounting would allow the Federal Reserve to set operating targets for total reserves.
A basic analysis of the new protectionism
A discussion of the costs associated with trade restraint, focusing on devices currently used or recently proposed in the United States.
Operational policies of multibank holding companies
Using a 1979 survey of the organizational structure of 65 bank holding companies in 12 states, the author investigates the relationship between holding company structure and the performance of bank subsidiaries.
Plant closings and worker dislocation
A study of plant-closing laws, analyzing whether they are effective labor market policy instruments.
Prevailing wage laws, the Federal Reserve, and the Service Contract Act
A discussion of the labor-market consequences of the Service Contract Act on Federal Reserve System costs and operations as they pertain to group transportation services.
Location and reinvestment: the Youngstown steel district
A look at Youngstown's decline as a major steel producing center, emphasizing the city's competitive disadvantages and weakened investment profile, but contending that the steel district remains viable.
Thrifts and the competitive analysis of bank mergers
An examination of the competitive importance of thrift institutions in supplying financial services to local commercial customers. Based on empirical findings, a method is presented to adjust the market share of loan associations.
Sources of change in rates of return on capital: 1952-1982
A reconsideration of the problem of a declining rate of return on capital. The emphasis is not on providing better numerical estimates of rates of return, but rather on identifying and quantifying the sources of change in the rates.
The implementation of industrial policy
Using the American experience with national economic planning during the two World Wars and the New Deal, the author discusses the ability of the government to implement a coordinated industrial policy.
Voluntary export restraints: the cost of building walls
An illustration of the cost and employment effects of Japanese voluntary export restraints on new-car imports to the U.S.