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Series:Business Review 

Journal Article
The defense sector: a source of strength for Philadelphia's economy

Business Review , Issue Jul/Aug , Pages 3-14

Journal Article
How do forecasts respond to changes in monetary policy?

Laurence Ball and Dean Croushore look at forecasts from the Survey of Professional Forecasters to determine if forecasts and the economy respond in tandem or if there are significant differences.
Business Review , Issue Q4 , Pages 9-16

Journal Article
Regulating the eurocurrency market: what are the prospects?

Business Review , Issue Mar/Apr , Pages 15-23

Journal Article
The changing nature of the payments system: should new players mean new rules?

Traditional forms of payment, such as currency, coin, and paper checks, are quickly being eclipsed by electronic forms, such as payments made by ATM, credit card, or automated clearing house. More recently, smart cards, debit cards, and PC banking have joined this electronic army of new ways to make payments. A parallel development has been the entrance of many nonbank players into the payments arena. Nowadays, settlement and clearing can be done by entities that are not necessarily banks, the customary center of the U.S. payments system. As these new entrants grow in number and become more ...
Business Review , Issue Mar , Pages 3-26

Journal Article
Corporate governance and responsibility

In the first article this quarter, President Anthony Santomero asks: What is the root of the corporate governance problems that have recently gained the spotlight? Is it the mega-merger frenzy of the 1980s? Overly optimistic forecasts of earnings? Innovations in the financial services industry? Although these factors undoubtedly played some role, President Santomero views governance problems as having deeper roots. In "Corporate Governance and Responsibility," he points out that the central dilemma is one of conflicting interests in organizations - what economists call "the ...
Business Review , Issue Q2 , Pages 1-5

Journal Article
Are long expansions followed by short contractions?

Business Review , Issue Jul , Pages 3-11

Journal Article
Central banking across the Atlantic: another dimension

Business Review , Issue May , Pages 3-12

Journal Article
Time inconsistency: a potential problem for policymakers

Business Review , Issue Mar/Apr , Pages 3-12

Journal Article
The cyclical volatility of interest rates

Interest rates change in response to a variety of economic events, such as changes in Fed policy, crises in financial markets, and changes in prospects for long-term economic growth and inflation. But such events are sporadic, and interest rates show a more regular pattern of volatility that corresponds to the business cycle. In this article, Keith Sill examines some facts and theory about the cyclical volatility of short-term and long-term interest rates.
Business Review , Issue Jan , Pages 15-29

Journal Article
Labor market anxiety and the downward trend in the job separation rate

Anecdotal evidence suggests that labor market conditions surrounding American workers had been worsening in recent decades, even before the severe recession in 2007-2009. However, studies by academic researchers have not found clear evidence that worker turnover has increased over time. In this article, Shigeru Fujita shows that there is a long-run downward trend in the separation rate into unemployment and examines several factors that help account for this long-run decline. He argues that the aging of the labor force has played an important role in the trend. He also explains, using an ...
Business Review , Issue Q4 , Pages 1-7

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Carlino, Gerald A. 25 items

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