For immediate release
Contact: Katherine Dibling, Senior Media Representative, (215) 574-4119
Released today, the First Quarter 2011 Business Review includes these articles: "Output Gaps: Uses and Limitations," by Roc Armeneter; "Urban Productivity Advantages from Job Search and Matching," by Jeffrey Lin; and "Inflation Dynamics and the New Keynesian Phillips Curve," by Keith Sill. Also, the latest issue of Research Rap. (214 KB, 3 pages)
The Business Review, which is published quarterly, presents articles written by our staff economists that are aimed at readers with a general interest in economics. Topics covered include economic policy, banking, and financial and regional economics. It includes less technical articles written by economists in the Bank's Research Department. They are intended for a wide audience and often address timely economic issues.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.