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Bank:Federal Reserve Bank of Richmond  Series:Economic Quarterly 

Journal Article
Tax disincentives to commercial bank lending

Economic Quarterly , Issue Spr , Pages 67-97

Journal Article
How did leading indicator forecasts perform during the 2001 recession?

Economic Quarterly , Volume 89 , Issue Sum , Pages 71-90

Journal Article
Jargon Alert : National debt

Economic Quarterly , Volume 13 , Issue Win

Journal Article
Idiosyncratic Sectoral Growth, Balanced Growth, and Sectoral Linkages

We study the growth properties of an economy where different sectors are linked by way of intermediates and potentially grow at different rates. We characterize the economy's equilibrium balanced growth path, and derive an analytical expression that summarizes how TFP growth in a given sector affects value added growth in every other sector and, therefore, aggregate GDP growth. We show in a special case that a version of Hulten's (1978) theorem, whereby the effects of changes in sector-specific productivity on GDP are entirely captured by that sector's share in GDP, also holds in growth rates ...
Economic Quarterly , Issue 2Q , Pages 79-101

Journal Article
The Financial Crisis, the Collapse of Bank Entry, and Changes in the Size Distribution of Banks

We document the effects of the recent financial crisis on the size distribution of U.S. commercial banks. There was a 14 percent drop in the number of banks from 2007 to 2013. Proportionally, the largest declines were to the smallest banks, those with less than $100 million in assets. This drop in the number of small banks is not due to bank failures. Despite the severity of the crisis, the rate at which a bank exits the industry, either due to failure or acquisition, is similar to that before the crisis. We show that there has been very little entry into banking since the crisis and that ...
Economic Quarterly , Issue 1Q , Pages 23-50

Journal Article
Are we working too hard or should we be working harder? A simple model of career concerns

Economic Quarterly , Volume 92 , Issue Win , Pages 79-91

Journal Article
On the aggregate labor supply

Economic Quarterly , Volume 91 , Issue Win , Pages 21-37

Journal Article
Competition among bank regulators

Economic Quarterly , Issue Fall , Pages 19-36

Journal Article
A theory of the capacity utilization/inflation relationship

Economic Quarterly , Issue Sum , Pages 67-86

Journal Article
New evidence connecting exchange rates to business cycles

Economic Quarterly , Issue Spr , Pages 73-89

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Hetzel, Robert L. 26 items

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Mehra, Yash P. 18 items

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