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Journal Article
District conditions / a strong recovery
anonymous (1984-07)
Quarterly Review , Volume 8 , Issue Sum

Journal Article
A new idea for welfare reform
Keane, Michael P. (1995-04)
This article analyzes several proposals to build work incentives into the U.S. welfare system. It concludes that the most cost effective way to do that is to offer a work subsidy to all low-income single parents?in other words, to simply pay them for working in the labor market. This conclusion is based on a model of the labor force participation behavior of low-income single mothers that the author developed with Robert Moffitt. Among the proposals evaluated in the article, besides the work subsidy, are proposals to reduce the rate that welfare benefits are reduced when welfare recipients ...
Quarterly Review , Volume 19 , Issue Spr , Pages 2-28

Journal Article
Why do Americans work so much more than Europeans?
Prescott, Edward C. (2004-07)
Americans now work 50 percent more than do the Germans, French, and Italians. This was not the case in the early 1970s, when the Western Europeans worked more than Americans. This article examines the role of taxes in accounting for the differences in labor supply across time and across countries; in particular, the effective marginal tax rate on labor income. The population of countries considered is the G-7 countries, which are major advanced industrial countries. The surprising finding is that this marginal tax rate accounts for the predominance of differences at points in time and the ...
Quarterly Review , Volume 28 , Issue Jul , Pages 2-13

Journal Article
Changes in hours worked, 1950?2000
McGrattan, Ellen R.; Rogerson, Richard (2004-07)
This article describes changes in the number of average weekly hours of market work per person in the United States since World War II. Overall, this number has been roughly constant; for various groups, however, it has shifted dramatically - from males to females, from older people to younger people, and from single- to married-person households. The article provides a detailed look at how the lifetime pattern of work hours has changed since 1950 for different demographic groups. This article also documents several factors that lead to the reallocation of hours worked across groups: ...
Quarterly Review , Volume 28 , Issue Jul , Pages 14-33

Journal Article
Why no crunch from the crash?
Runkle, David E. (1988-01)
Quarterly Review , Volume 12 , Issue Win , Pages 2-7

Journal Article
Resolving the national bank note paradox
Weber, Warren E.; Champ, Bruce A.; Wallace, Neil (1992-04)
During the 1882_1914 period, U.S. national banks could issue circulating notes backed by specified government securities. Earlier attempts to explain yields on those securities by costs of note issue discovered a paradox: yields were too high. We point out two previously ignored sources of costs: idle notes and note redemptions that were highly variable, thereby exacerbating the problem of managing reserves. We present data on idle notes and estimate, from partial data on redemptions, the uncertainty due to redemptions. We also present a semiannual time series of an upper bound on the average ...
Quarterly Review , Volume 16 , Issue Spr , Pages 13-21

Journal Article
The published work of S. Rao Aiyagari (bibliography)
anonymous (1997-07)
This article is a progress report on research that attempts to include one type of market incompleteness and frictions in macroeconomic models. The focus of the research is the absence of insurance markets in which individual-specific risks may be insured against. The article describes some areas where this type of research has been and promises to be particularly useful, including consumption and saving, wealth distribution, asset markets, business cycles, and fiscal policies. The article also describes work in each of these areas that was presented at a conference sponsored by the Federal ...
Quarterly Review , Volume 21 , Issue Sum

Journal Article
Taking stock of the Farm Credit System: riskier for farm borrowers
Todd, Richard M. (1985-10)
Quarterly Review , Volume 9 , Issue Fall

Journal Article
Estimating the effects of the oil-price shock
Turner, Thomas H.; Supel, Thomas M.; Miller, Preston J. (1980-01)
Quarterly Review , Volume 4 , Issue Win

Journal Article
Inflation: an extreme view
Kareken, John H. (1978-01)
Quarterly Review , Volume 2 , Issue Win

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