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Bank:Federal Reserve Bank of Philadelphia  Series:Business Review 

Journal Article
Regional spotlight: what's holding back homebuilding?

The construction industry, often the first to resume hiring after an economic downturn, still hasn't recovered from the Great Recession. Paul Flora examines the forces that have held back this sector in our region and around the country.
Business Review , Issue Q2 , Pages 17-21

Journal Article
Jobs in Philadelphia: experience and prospects

Business Review , Issue Dec , Pages 3-51

Journal Article
Taking the measure of manufacturing

In "Taking the Measure of Manufacturing" Tim Schiller and Mike Trebing outline several of the most important surveys and indexes that track manufacturing, describe their similarities and differences, and discuss their usefulness in providing timely and accurate data on the sector.
Business Review , Issue Q4 , Pages 24-37

Journal Article
Billion-dollar overdrafts: a payments risk challenge

Business Review , Issue Jan/Feb , Pages 3-13

Journal Article
Evaluating McCallum's rule for monetary policy

Business Review , Issue Jan , Pages 3-14

Journal Article
The evolution of shared ATM networks

Business Review , Issue May , Pages 3-16

Journal Article
Has globalization created a borderless world?

Globalization. The word often conjures up an image of a worldwide society--no boundaries, no borders, no barriers. Economically speaking, in a truly borderless world, financial capital, production activities, and labor would flow as easily between countries as they do within a country. But is this picture of an economic "global village" accurate? Not quite, according to Janet Ceglowski. In this article, she explains why, despite the expansion of international economic activity in recent years, we haven't yet achieved a barrier-free world
Business Review , Issue Mar , Pages 17-27

Journal Article
Making monetary policy: what do we know and when do we know it?

President Anthony Santomero points out that conducting a successful monetary policy presents real-world challenges, such as evaluating where the economy is, where it is going, and where it should be going. But how do monetary policymakers make decisions about the economy in a world with imperfect information? Santomero discusses how policymaking is affected by both the availability and reliability of economic information. He concludes that given the information constraints policymakers face, the challenges of setting monetary policy will not go away, so we must find a way to meet them
Business Review , Issue Q4 , Pages 1-8

Journal Article
Monetary policy in a liquidity trap

In the United States, the Federal Reserve sets monetary policy by targeting the federal funds rate. This process usually involves lowering short-term interest rates when economic growth is weak and raising them when economic growth is strong. A wide class of economic models has shown that, in theory, conducting policy in this way allows the economy to employ resources efficiently. In addition, many empirical studies have shown that most central banks actually behave in this manner. In normal times, it is fairly easy for the central bank to conduct policy in this fashion. But there is one ...
Business Review , Issue Q2 , Pages 9-15

Journal Article
The health of banking in the Third District

Business Review , Issue Sep/Oct , Pages 3-11

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Carlino, Gerald A. 25 items

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