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Bank:Federal Reserve Bank of Richmond 

Journal Article
Aquaculture helping to meet the growing demand for seafood

Cross Sections , Issue Sum , Pages 8-9

Journal Article
Monetary policy in the 2008-2009 recession

The recession that began with a cyclical peak in December 2007 originated in a combination of real shocks because of a fall in housing wealth and a fall in real income from an increase in energy prices. The most common explanation for the intensification of the recession that began in the late summer of 2008 is the propagation of these shocks through dysfunction in credit markets. The alternative explanation offered in this article emphasizes propagation through contractionary monetary policy. The first explanation stresses the importance of credit-market interventions (credit policy). The ...
Economic Quarterly , Volume 95 , Issue Spr , Pages 201-233

Journal Article
Auditing and bank capital regulation

Economic Quarterly , Volume 90 , Issue Fall , Pages 47-63

Journal Article
Choices in banking policy

Economic Quarterly , Issue Spr , Pages 1-9

Journal Article
Housing and the Great Recession : a VAR accounting exercise

We use a vector autoregression (VAR) for the components of gross domestic product (GDP) to conduct some sectoral and temporal accounting for the current recession. It is obvious that housing played an important role in the current recession, but residential investment declined for two years before GDP declined. According to the VAR, the level of GDP in the second quarter of 2009---the trough of the decline in GDP---was close to but above the level implied by the estimated sequence of VAR innovations to residential investment over the period 2006:Q1--2009:Q2. Until late 2007 other offsetting ...
Economic Quarterly , Volume 97 , Issue 1Q , Pages 45-66

Journal Article
The Fed's anti-inflationary strategy: is it adequate?

Inflation remains a potential longer-run threat to the health of the economy despite the progress made in reducing the inflation rate in recent years. The Fed must have a credible strategy in place to meet this threat. As Richmond Fed president Robert P. Black notes in this speech to business economists, a strategy centered around targeting monetary aggregates may still be the best approach over time, even after account is taken of the technical problems encountered in using aggregates as targets in the 1980s. Black argues that the substitution of a rule for the present discretionary approach ...
Economic Review , Volume 73 , Issue Sep , Pages 3-9

Journal Article
Nonbank activities of Fifth District bank holding companies

An abstract for this article is not available
Economic Review , Volume 65 , Issue Nov , Pages 2-9

Journal Article
Exchange rate policy and the dual role of exchange rate movements in international adjustment

An abstract for this article is not available
Economic Review , Volume 65 , Issue Sep , Pages 16-26

Journal Article
The interest cost-push controversy

An abstract for this article is not available
Economic Review , Volume 65 , Issue Jan , Pages 3-10

Journal Article
Estimating intertemporal elasticity of substitution: the case of log- linear restrictions

Are linear regression models reliable in testing whether high expected real interest rates encourage current savings and deferred consumption? Here, a Monte Carlo test shows that a linear model yields a fairly accurate estimate and small standard error, but is highly susceptible to specification bias.
Economic Review , Volume 76 , Issue Nov , Pages 3-14




Econ Focus 1148 items

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Nash, Betty Joyce 139 items

Gerena, Charles 119 items

Sablik, Timothy 108 items

Steelman, Aaron 105 items

Romero, Jessica Sackett 90 items

Price, David A. 80 items

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E21 15 items

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Federal Reserve District, 5th 265 items

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