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Bank:Federal Reserve Bank of Philadelphia 

Journal Article
The unemployment rate: time to give it a rest?

Business Review , Issue May , Pages 11-18

Journal Article
Does the federal tax treatment of housing affect the pattern of metropolitan development?

The U.S. tax code allows home owners to deduct mortgage interest and property taxes on their federal income tax forms. It also gives special treatment to the capital gains realized from the sale of owner-occupied housing. These advantages encourage investment in owner-occupied housing. But do these tax breaks have other, more far-reaching consequences? In this article, Dick Voith looks at how the tax code's special treatment of owner-occupied housing may affect metropolitan development
Business Review , Issue Mar , Pages 3-16

Journal Article
Anatomy of a fiscal crisis

Business Review , Issue Sep/Oct , Pages 15-22

Journal Article
Collateral Damage: House Prices and Consumption During the Great Recession

Did a decline in house prices cause the Great Recession? And if so, how? Credit constraints may be the key to answering those questions
Economic Insights , Volume 4 , Issue 3 , Pages 7-12

Journal Article
Market views of monetary policy and reactions to M1 announcements

Business Review , Issue Mar/Apr , Pages 9-17

Journal Article
For better and for worse: three lending relationships

Are close, long-term relationships between borrowers and lenders feasible in an increasingly competitive financial marketplace? How do relationships that have developed between banks and firms change when firms gain access to alternative funding sources, especially public securities markets? Can firms gain the best of both worlds by a judicious mixture of bank and public borrowing? Using three firms as examples, Mitchell Berlin sizes up the pros and cons of relationship lending.
Business Review , Issue Nov , Pages 3-12

Journal Article
Spotlight on Research: Innovative Ways to Build Savings and Wealth of Low-Income Families

The recent great recession took its financial toll on many families. Some who lost a portion of their wealth continue to struggle to find a foothold in the economy, while others have managed to regain their lost wealth. Some of the other sources of the financial instability that beset families have been attributed to the challenges associated with being a single-parent family, the volatility and fragility of income shocks, and the shredding of some safety nets. Ray Boshara, director of the Center for Household Financial Stability and assistant vice president at the Federal Reserve Bank of St. ...
Cascade , Volume 4

Journal Article
Regional Spotlight: Surveying the South Jersey Economy

After 25 years and two recessions, how well has our South Jersey Business Survey tracked the local economy?
Regional Spotlight , Issue Q2 , Pages 18-26

The U.S. economic outlook and the normalization of monetary policy: a speech at the Society of Business Economists annual conference, London, England, June 9, 2011

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia Society of Business Economists Annual Conference, London, England, June 9, 2011
Speech , Paper 55

Working Paper
Trend-cycle decomposition: implications from an exact structural identification

A well-documented property of the Beveridge-Nelson trend-cycle decomposition is the perfect negative correlation between trend and cycle innovations. We show how this may be consistent with a structural model where trend shocks enter the cycle, or cyclic shocks enter the trend and that identification restrictions are necessary to make this structural distinction. A reduced-form unrestricted version such as that of Morley, Nelson and Zivot (2003) is compatible with either option, but cannot distinguish which is relevant. We discuss economic interpretations and implications using US real GDP ...
Working Papers , Paper 13-22



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Plosser, Charles I. 112 items

Mester, Loretta J. 101 items

Nakamura, Leonard I. 95 items

Harker, Patrick T. 83 items

Carlino, Gerald A. 82 items

Chatterjee, Satyajit 72 items

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G21 93 items

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Monetary policy 178 items

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