Journal Article
Challenges to the natural rate framework
Weiner, Stuart E. (1995-04)
By most estimates, the U.S. unemployment rate is currently below its "natural rate." The implication is the economy is operating at an unsustainably high level of resource utilization. Capacity levels are being strained, tending to put upward pressure on wages and prices. In anticipation of these rising inflationary pressures, the Federal Reserve has firmed monetary policy several times over the past year.> A majority of mainstream economists appear comfortable with the natural rate framework, in part because it has tracked inflation successfully over the past 35 years. Despite its ...
Economic Review , Volume 80 , Issue Q II , Pages 19-25

Journal Article
The Federal Reserve's role in retail payments: adapting to a new environment
Weiner, Stuart E. (2008-10)
The U.S. retail payments system is in the midst of a transformation. The shift from paper to electronics, the emergence of new instruments and payments channels, the rise in nonbank participation, the change in risk profiles?all are elements of this new landscape. The Federal Reserve takes as one of its mandates fostering a payments system that is safe, efficient, and accessible. How does the Federal Reserve fulfill this mandate in this new environment? ; Since its beginning, the Federal Reserve has played a crucial role in the U.S. retail payments system. From time to time, that role has ...
Economic Review , Volume 93 , Issue Q IV , Pages 35-63

Journal Article
The role of community banks in the U.S. economy
Kahn, George A.; Keeton, William R.; Weiner, Stuart E.; Schroeder, Linda (2003-04)
The U.S. banking system is unusual in consisting not only of some very large banks but also a large number of relatively small community banks. This bifurcated banking system in the United States has served the economy well. Over time, with regulatory change and financial innovation, large banks have become complex organizations engaged in a wide range of activities. They provide a variety of services to their customers, but often rely on hard financial information, computer models, and centralized decision-making as the basis for conducting business. In contrast, small banks have focused ...
Economic Review , Issue Q II , Pages 15-43

Working Paper
Structural change in U.S. labor markets: a narrowing of the gap between male and female natural rates
Weiner, Stuart E. (1994)
Research Working Paper , Paper 94-13

Journal Article
Payment of interest on reserves
Weiner, Stuart E. (1985-01)
Economic Review , Volume 70 , Issue Jan , Pages 16-31

Journal Article
The natural rate of unemployment: concepts and issues
Weiner, Stuart E. (1986-01)
Economic Review , Volume 71 , Issue Jan , Pages 11-24

Journal Article
Monetary policy without reserve requirements: analytical issues
Weiner, Stuart E.; Sellon, Gordon H. (1996-10)
Reserve requirements have traditionally been viewed as a key instrument of monetary policy. Indeed, textbook discussions of monetary policy typically center on the role of reserve requirements in determining the size of the money multiplier and the magnitude of bank credit expansion. In recent years, however, there has been a significant decline in the use of reserve requirements in the United States and in other industrialized countries. Many countries have made substantial cuts in the level of reserve requirements, and some countries have eliminated reserve requirements altogether.> The ...
Economic Review , Volume 81 , Issue Q IV , Pages 5-24

Conference Paper
Interchange fees in various countries : developments and determinants
Weiner, Stuart E.; Wright, Julian (2005-05)
Proceedings – Payments System Research Conferences , Issue May , Pages 5-49

Journal Article
Labor compensation and inflation during business expansion
Weiner, Stuart E. (1986-10)
Financial Letters , Issue Oct

Journal Article
New estimates of the natural rate of unemployment
Weiner, Stuart E. (1993-10)
Economic Review , Volume 78 , Issue Q IV , Pages 53-69