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Bank:Federal Reserve Bank of Richmond 

Journal Article
New Keynesian economics : a monetary perspective

In this article we construct a simple analytically tractable model to explore and evaluate New Keynesian ideas. First, we show that a New Keynesian model need not exhibit Phillips curve correlations in the absence of strategic price setting by firms. Second, we conclude that New Keynesian economics needlessly neglects monetary frictions and misses out on some key insights in the process. For example, it is important to understand how the central bank should manipulate monetary quantities to support particular nominal interest rate rules
Economic Quarterly , Volume 94 , Issue Sum , Pages 197-218

Journal Article
A monetarist model of inflationary process

An abstract for this article is not available.
Economic Review , Volume 61 , Issue Nov , Pages 13-23

Journal Article
Different Cities, Different Ladders

Econ Focus , Issue 1Q , Pages 9-9

Journal Article
All the City Was Dying

The Spanish flu pandemic of 1918-1919 was a major social and economic shock
Econ Focus , Issue 2Q , Pages 30-33

Journal Article
Birds of a Feather: Does the hawk-dove distinction still matter in the modern Fed?

Econ Focus , Issue 3Q , Pages 3-6

Journal Article
Concentrating on Market Concentration

At the Richmond Fed Highlighted Research: "Diverging Trends in National and Local Concentration." Esteban Rossi-Hansberg, Pierre-Daniel G. Sarte, and Nicholas Trachter. Federal Reserve Bank of Richmond Working Paper No. 18-15R, September 2018 (revised February 2019).
Econ Focus , Issue 1Q , Pages 9-9

Working Paper
Plants in Space

We study the number, size, and location of a firm's plants. The firm's decision balances the benefit of delivering goods and services to customers using multiple plants with the cost of setting up and managing these plants and the potential for cannibalization that arises as their number increases. Modeling the decisions of heterogeneous firms in an economy with a vast number of widely distinct locations is complex because it involves a large combinatorial problem. Using insights from discrete geometry, we study a tractable limit case of this problem in which these forces operate at a local ...
Working Paper , Paper 20-05

Journal Article
An empirical investigation of fluctuations in manufacturing sales and inventory within a sticky-price framework

Economic Quarterly , Issue Sum , Pages 61-84

Journal Article
Antitrust analysis in banking : goals, methods, and justifications in a changed environment

During recent decades banking markets have changed considerably. Nevertheless, banking antitrust analysis continues to follow the same basic philosophy laid down 40 years ago by the Supreme Court. Does the change in banking markets imply the need to alter antitrust analysis in banking? This article reviews the methods of antitrust analysis and discusses justifications for them. The article concludes that the means of analysis continues to make sense regardless of a changed environment.
Economic Quarterly , Volume 94 , Issue Win , Pages 45-72

Journal Article
Loan loss reserves

Recent years have seen bank loan losses exceeded only by those of the Great Depression. This experience, along with tax and regulatory changes, has triggered changes in the reserve account through which banks provide for such losses.
Economic Review , Volume 77 , Issue Jul , Pages 20-30




Econ Focus 1202 items

Working Paper 445 items

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Nash, Betty Joyce 139 items

Sablik, Timothy 121 items

Gerena, Charles 119 items

Steelman, Aaron 105 items

Romero, Jessica Sackett 91 items

Price, David A. 81 items

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Federal Reserve District, 5th 265 items

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