Business Review Archive

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2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 | 1984 | 1983 | 1982 | 1981 | 1980 | 1979 | 1978 | 1977 | 1976 | 1975

2013

Fourth Quarter - Full Issue

• Debt Dilution: When It Is a Major Problem and How to Deal with It by Burcu Eyigungor
• The Economics of Small Open Economies by Pablo Guerron-Quintana
• Breaking the Ice: Government Interventions in Frozen Markets by Benjamin Lester
• Research Rap

Third Quarter - Full Issue

• The Economics of Student Loan Borrowing and Repayment by Wenli Li
• Clusters of Knowledge: R&D Proximity and the Spillover Effect by Gerald Carlino and Jake K. Carr
• The Promise and Challenges of Bank Capital Reform by Ronel Elul
• Research Rap

Second Quarter

• Debt Overhang: Why Recovery from a Financial Crisis Can Be Slow by Satyajit Chatterjee
• DSGE Models and Their Use in Monetary Policy by Michael Dotsey
• The Diverse Impacts of the Great Recession by Makoto Nakajima
• Research Rap

First Quarter

• The Great Trade Collapse (and Recovery) by George Alessandria
• The Political Economy of Balanced Budget Amendments by Marina Azzimonti
• What You Don’t Know Can Hurt You: Keeping Track of Risks in the Financial System by Leonard Nakamura
• Research Rap

2012

Fourth Quarter

• Labor Market Anxiety and the Downward Trend in the Job Separation Rate by Shigeru Fujita
• The Optimum Quantity of Money by Daniel Sanches
• Measuring Economic Uncertainty Using the Survey of Professional Forecasters by Keith Sill
• Research Rap

Third Quarter

• The Rise of Corporate Savings by Roc Armenter
• The Economics of Household Leveraging and Deleveraging by Wenli Li and Susheela Patwari
• Geography, History, Economies of Density, and the Location of Cities by Jeffrey Lin
• Changes in the Use of Electronic Means of Payment: 1995-2010 by Loretta Mester
• Research Rap

Second Quarter

• Banks and Markets: Substitutes, Complements, or Both? by Mitchell Berlin
• Contingent Capital by Yaron Leitner
• Time-Consistency and Credible Monetary Policy After the Crisis by Jim Nason and Charles Plosser
• Research Rap

First Quarter

• Designing Monetary Policy Rules in an Uncertain Economic Environment by Michael Dotsey and Charles Plosser
• Risk and Uncertainty by Pablo Guerron-Quintana
• Everything You Always Wanted to Know About Reverse Mortgages But Were Afraid to Ask by Makoto Nakajima
• Recent Developments in Consumer Credit and Payments – Workshop Summary by Mitchell Berlin

2011

Fourth Quarter

• A Theory of Asset Price Booms and Bust and the Uncertain Return to Innovation by Satyajit Chatterjee
• How Do Businesses Recruit? by Jason Faberman
• Rehypothecation by Cyril Monnet
• Research Rap

Third Quarter

• Three Keys to the City: Resources, Agglomeration Economies, and Sorting by Gerald Carlino
• The Effectiveness of Government Spending in Deep Recessions: A New Keynesian Perspective by Keith Kuester
• What’s It Worth? Property Taxes and Assessment Practices by Timothy Schiller
• Research Rap

Second Quarter

• Can We Explain Banks’ Capital Structures? by Mitchell Berlin
• Why Do Markets Freeze? by Yaron Leitner
• Understanding House-Price Dynamics by Makoto Nakajima
• Research Rap

First Quarter

• Output Gaps: Uses and Limitation by Roc Armenter
• Urban Productivity Advantages from Job Search and Matching by Jeffrey Lin
• Inflation Dynamics and the New Keynesian Phillips Curve by Keith Sill
• Research Rap

2010

Fourth Quarter

• Understanding Exports from the Plant Up by George Alessandria and Horag Choi
• What Have We Learned About Mortgage Default? by Ronel Elul
• Economic Effects of the Unemployment Insurance Benefit by Shigeru Fujita
• Research Rap

Third Quarter

• Philadelphia Fed Forecasting Surveys: Their Value for Research by Dean Croushore
• Because I’m Worth It? CEO Pay and Corporate Governance by Rocco Huang
• American Dream or American Obsession? The Economic Benefits and Costs of Homeownership by Wenli Li and Fang Yang
• Research Rap

Second Quarter

• De-Leveraging and the Financial Accelerator: How Wall Street Can Shock Main Street by Satyajit Chatterjee
• Monetary Policy in a Liquidity Trap by Michael Dotsey
• Hiring, Job Loss, and the Severity of Recessions by Jason Faberman
• Research Rap

First Quarter

• Let's Make It Clear: How Central Counterparties Save(d) the Day by Cyril Monnet
• How Much Is That Home Really Worth? Appraisal Bias and House-Price Uncertainty by Leonard Nakamura
• Riding the Revenue Roller Coaster: Recent Trends in State Government Finance by Timothy Schiller
• Recent Developments in Consumer Credit and Payments – Workshop Summary by Mitchell Berlin
• Research Rap

2009

Fourth Quarter

• Earnings Losses of Job Losers During the 2001 Economic Downturn by Shigeru Fujita and Vilas Rao
• China's Emergence as a Manufacturing Juggernaut: Is It Overstated? by Behzad Kianian and Kei-Mu Yi
• News About the Future and Economic Fluctuations by Keith Sill
• Research Rap

Third Quarter

• The Exchange Rate: What's in It for Prices? by George Alessandria and Jarcy Zee
• Beautiful City by Gerald Carlino
• Convertible Securities and Venture Capital Finance by Yaron Leitner
• Changes in the Use of Electronic Means of Payment: 1995-2007 by Loretta Mester
• Research Rap

Second Quarter

• Bank Credit Standards by Mitchell Berlin
• Regulating Short-Sales by Ronel Elul
• Residential Housing and Personal Bankruptcy by Wenli Li
• Research Rap

First Quarter

• The Peopling of Macroeconomics: Microeconomics of Aggregate Consumer Expenditures by Satyajit Chatterjee
• Accounting for Cross-Country Differences in Income Per Capita by Aubhik Khan
• Rethinking the Implications of Monetary Policy: How a Transactions Role for Money Transforms the Predictions of Our Leading Models by Julia Thomas
• Research Rap

2008

Fourth Quarter

• Commitment Versus Discretion in Monetary Policy by Michael Dotsey
• The Mismeasured Personal Saving Rate Is Still Useful: Using Real-Time Data to Improve Forecasting by Leonard Nakamura
• Growing Slowly, Getting Older: Demographic Trends in the Third District States by Timothy Schiller
• Research Rap

Third Quarter

• The Geography of Research and Development Activity in the U.S. by Kristy Buzard and Gerald Carlino
• Creative Destruction and Aggregate Productivity Growth by Shigeru Fujita
• Ten Years After: What Are the Effects of Business Method Patents in Financial Services? by Robert Hunt
• Innovation and Regulation in Financial Markets: A Summary of the 2007 Philadelphia Fed Policy Forum by Loretta Mester
• Research Rap

Second Quarter

• Why Are Goods So Cheap in Some Countries? by George Alessandria and Joseph Kaboski
• Liquidity Crises by Ronel Elul
• The Evolution of the World Income Distribution by Keith Sill

First Quarter

• The Economic Logic of a Fresh Start by Satyajit Chatterjee
• The Industrial Revolution and the Demographic Transition by Aubhik Khan
• Human Capital and Higher Education: How Does Our Region Fare? by Timothy Schiller
• Recent Developments in Consumer Credit and Payments by Mitchell Berlin
• Financing Community Development: Learning from the Past, Looking to the Future – Summary of the 2007 Federal Reserve System Community Affairs Research Conference by Loretta Mester
• Research Rap

2007

Fourth Quarter

• Do African Americans Prefer to Live in Segregated Communities? by Robert DeFina
• Stock Prices and Business Investment by Yaron Leitner
• What Do We Know About Chapter 13 Personal Bankruptcy Filings? by Wenli Li
• Research Rap

Third Quarter

• Dancing with Wolves: Syndicated Loans and the Economics of Multiple Lenders by Mitchell Berlin
• A Pattern of Regional Differences in the Effects of Monetary Policy by Theodore Crone
• International Trade: Why We Don’t Have More of It by Edith Ostapik and Kei-Mu Yi
• Economic Growth and Development: Perspectives for Policymakers – A Summary of the 2006 Philadelphia Fed Policy Forum by Loretta Mester
• Research Rap

Second Quarter

• What Do Worker Flows Tell Us About Cyclical Fluctuations in Employment? by Shigeru Fujita
• Collecting Consumer Debt in America by Robert Hunt
• Gimme Shelter! Rents Have Risen, Not Fallen, Since World War II by Leonard Nakamura
• Research Rap

First Quarter

• Trade Deficits Aren’t as Bad as You Think by George Alessandria
• The Great Moderation in Economic Volatility: A View from the States by Gerald Carlino
• The Macroeconomics of Oil Shocks by Keith Sill
• Research Rap

2006

Fourth Quarter

• The Role of Segmented Markets in Monetary Policy by Aubhik Khan
• Housing: Boom or Bubble? by Timothy Schiller
• What Will the Next Export Boom Look Like? Some Hints from the Late 1980s by Kei-Mu Yi
• Research Rap

Third Quarter

• Consumer Confidence Surveys: Can They Help Us Forecast Consumer Spending in Real Time? by Dean Croushore
• A Review of Inflation Targeting in Developed Countries by Michael Dotsey
• Residential Mortgage Default by Ronel Elul
• Fiscal Imbalance: Problems, Solutions, and Implications – A Summary of the 2005 Philadelphia Fed Policy Forum by Loretta Mester
• Research Rap

Second Quarter

• Ups and Downs: How Wages Change Over the Business Cycle by Kevin Huang
• Using Collateral to Secure Loans by Yaron Leitner
• Is Technology Raising Demand for Skills, or Are Skills Raising Demand for Technology? by Ethan Lewis
• Changes in the Use of Electronic Means of Payment: 1995-2004 by Loretta Mester
• Research Rap

First Quarter

• A Farewell from President Santomero by Anthony M. Santomero
• Debt Maturity: What Do Economists Say? What Do CFOs Say? by Mitchell Berlin
• What a New Set of Indexes Tells Us About State and National Business Cycles by Theodore Crone
• Your House Just Doubled in Value? Don’t Uncork the Champagne Just Yet! by Wenli Li and Rui Yao
• Recent Developments in Consumer Credit and Payments – Conference Summary

2005

Fourth Quarter

• Making Monetary Policy: What Do We Know and When Do We Know It? by Anthony Santomero
• Whither Consumer Credit Counseling? by Robert Hunt
• Underestimating Advertising: Innovation and Unpriced Entertainment by Leonard Nakamura 
• After the Baby Boom: Population Trends and the Labor Force of the Future by Timothy Schiller

Third Quarter

• The Changing Patterns of Payments in the United States by Anthony Santomero
• The Economic Role of Cities in the 21st Century by Gerald Carlino
• The Economics of Asset Securitization by Ronel Elul
• Do Budget Deficits Cause Inflation? by Keith Sill
• Challenges and Opportunities in a Global Economy: Perspectives on Outsourcing, Exchange Rates, and Free Trade – A Summary of the 2004 Philadelphia Fed Policy Forum by Loretta Mester

Second Quarter

• Lessons Learned from the Recent Business Cycle by Anthony Santomero
• The Relationship Between Capacity Utilization and Inflation by Michael Dotsey and Tom Stark
• International Risk-Sharing: Globalization Is Weaker Than You Think by Sylvain Leduc
• Legal Uncertainty and Contractual Innovation by Yaron Leitner

First Quarter

• Preparing for the 21st Century Economy by Anthony Santomero
• Ores and Scores: Two Cases of How Competition Led to Productivity "Miracles" by Satyajit Chatterjee
• How Do Local Labor Markets in the U.S. Adjust to Immigration? by Ethan Lewis
• Moving Up: Trends in Homeownership and Mortgage Indebtedness by Wenli Li

2004

Fourth Quarter

• Monetary Policy and Inflation Targeting in the United States by Anthony Santomero
• True Confessions: Should Banks Be Required to Disclose More? by Mitchell Berlin
• Why Are Married Women Working More? Some Macroeconomic Explanations by Aubhik Khan
• Sprawl: What's in a Name? by Timothy Schiller

Third Quarter

• Banking in the 21st Century by Anthony Santomero
• What Test Scores Can and Cannot Tell Us About the Quality of Our Schools by Theodore Crone
• The Software Patent Experiment by Robert Hunt and Jim Bessen
• CEOs, Clerks, Computers, and the Rise of Competition in the Late 20th Century by Leonard Nakamura

Second Quarter

• Great Expectations: The Role of Beliefs in Economics and Monetary Policy by Anthony Santomero
• Should Cities Be Ready for Some Football? Assessing the Social Benefits of Hosting an NFL Team by Gerald Carlino and Ed Coulson
• The Evolution of the Philadelphia Stock Exchange by John Caskey
• Deficit-Financed Tax Cuts and Interest Rates by Sylvain Leduc

First Quarter

• Monetary Policy: Stability Through Change by Anthony Santomero
• How the Fed Affects the Economy: A Look at Systematic Monetary Policy by Michael Dotsey
• Liquidity and Exchanges, or Contracting with the Producers by Yaron Leitner
• What Accounts for the Postwar Decline in Economic Volatility? by Keith Sill

2003

Fourth Quarter

• Knowledge Is Power: The Importance of Economic Education by Anthony Santomero
• Agglomeration Economies: The Spark That Ignites a City? by Satyajit Chatterjee
• The Impact of Immigration on American Cities: An Introduction to the Issues by Albert Saiz
• Taking the Measure of Manufacturing by Timothy Schiller and Michael Trebing

Third Quarter

• Flexible Commitment or Inflation Targeting for the U.S.? by Anthony Santomero
• Crises, Contagion, and Coordination: A Summary of the 2002 Philadelphia Fed Policy Forum by Loretta Mester
• Trade Credit: Why Do Production Firms Act as Financial Intermediaries? by Mitchell Berlin
• The Long and the Short of It: Recent Trends and Cycles in the Third District States by Theodore Crone
• The Role of Inventories in the Business Cycle by Aubhik Khan
• Research Rap

Second Quarter

• Corporate Governance and Responsibility by Anthony Santomero
• U.S. Coins: Forecasting Change by Dean Croushore
• Antitrust Issues in Payment Card Networks: Can They Do That? Should We Let Them? by Robert Hunt
• Should Philadelphia's Suburbs Help Their Central City? by Robert Inman

First Quarter

• Process and Progress in Risk Management by Anthony Santomero
• A Confluence of Events? Explaining Fluctuations in Local Employment by Gerald Carlino
• How Inflation Hawks Escape Expectations Traps by Sylvain Leduc
• Let a Hundred Flowers Bloom! Decentralization and Innovation by Leonard Nakamura

2002

Fourth Quarter

• Forces Shaping Philadelphia's Future by Anthony Santomero
• From Laboratory to Market: The Biotechnology Industry in the Third District by Timothy Schiller
• A Lifeline for the Weakest Link? Financial Contagion and Network Design by Yaron Leitner
• Widening the Wage Gap: The Skill Premium and Technology by Keith Sill

Third Quarter

• The U.S. Experience with a Federal Central Bank System by Anthony Santomero
• Summary of the 2001 Policy Forum and Announcement of the 2002 Policy Forum by Loretta Mester
• Innovation in Financial Services and Payments – Conference Summary
• Should Business Bankruptcy Be a One-Chapter Book? by Mitchell Berlin
• The Taylor Curve and the Unemployment-Inflation Tradeoff by Satyajit Chatterjee
• Does Lower Unemployment Reduce Poverty? by Robert DeFina

Second Quarter

• Does Bank Regulation Help Bank Customers? by Anthony Santomero
• Housing Policy and the Social Benefits of Homeownership by Ed Coulson
• What's in the File? The Economics and Law of Consumer Credit Bureaus by Robert Hunt
• Understanding the Life-Cycle of a Manufacturing Plant by Aubhik Khan

First Quarter

• What Monetary Policy Can and Cannot Do by Anthony Santomero
• A Summary of the Conference on Real-Time Data Analysis by Tom Stark
• The Changing Faces of the Third District: A Snapshot of the Region from the 2000 Census by Theodore Crone
• Oil Prices Strike Back by Sylvain Leduc
• Is the Personal Bankruptcy System Bankrupt? by Loretta Mester

2001

Fourth Quarter

• The Causes and Effects of Financial Modernization by Anthony Santomero
• Privacy Matters: Payments Cards Center Workshop on the Right to Privacy and the Financial Services Industry – Workshop Summary by Sally Burke
• How Do Forecasts Respond to Changes in Monetary Policy? by Laurence Ball and Dean Croushore
• Knowledge Spillovers: Cities' Role in the New Economy by Gerald Carlino
• Investing in Intangibles: Is a Trillion Dollars Missing from GDP? by Leonard Nakamura

Third Quarter

• Perspectives on Research Issues in Consumer Behavior by Anthony Santomero
• A Summary of the Conference on Consumer Transactions and Credit – Conference Summary
• "We Control the Vertical": Three Theories of the Firm by Mitchell Berlin
• The Gains from International Risk-Sharing by Keith Sill
• How Responsive Is the Demand for Residential Land to Changes in Its Price? by Richard Voith

Second Quarter

• The Complexities of Monetary Policy by Anthony Santomero
• Why Does Countercyclical Monetary Policy Matter? by Satyajit Chatterjee
• Understanding Changes in Aggregate Business Fixed Investment by Aubhik Khan
• The Interplay Between Home Production and Business Activity by Jeffrey Wrase

First Quarter

• New Beginnings by Anthony Santomero
• Who Cares About Volatility? A Tale of Two Exchange-Rate Systems by Sylvain Leduc
• Rewiring the System: The Changing Structure of the Electric Power Industry by Timothy Schiller
• You Can Patent That? Are Patents on Computer Programs and Business Methods Good for the New Economy? by Robert Hunt

2000

November/December

• A New Look at Economic Indexes for the States in The Third District by Theodore Crone
• From Centralization to Deconcentration: People and Jobs Spread Out by Gerald Carlino

September/October

• Understanding Asset Values: Stock Prices, Exchange Rates, and the "Peso Problem" by Keith Sill
• A Funny Thing Happened on the Way to the Data Bank: A Real-Time Data Set for Macroeconomists by Dean Croushore and Tom Stark

July/August

• Financial Modernization: Vastly Different or Fundamentally the Same? by Edward Boehne
• Economics and The New Economy: The Invisible Hand Meets Creative Destruction by Leonard Nakamura

May/June

• Why Don't Banks Take Stock? by Mitchell Berlin
• Has Suburbanization Diminished the Importance of Access to Center City? by Richard Voith

March/April

• The Changing Nature of The Payments System: Should New Players Mean New Rules? by Loretta Mester Update to data in this article
• From Cycles to Shocks: Progress in Business-Cycle Theory by Satyajit Chatterjee

January/February

• The Finance and Growth Nexus by Aubhik Khan
• Agriculture in the Third District: Fertile Fields Outside the Farm Belt by Timothy Schiller

1999

November/December

• The Euro and the European Central Bank by Jeffrey Wrase
• Patent Reform: A Mixed Blessing for the U.S. Economy? by Robert Hunt

September/October

• How Useful Are Forecasts of Corporate Profits? by Dean Croushore
• The Philadelphia Story: A New Forecasting Model for the Region by Theodore Crone and Michael P. McLaughlin

July/August

• Intangibles: What Put the New in the New Economy? by Leonard Nakamura
• Do States Respond Differently to Changes in Monetary Policy? by Gerald Carlino and Robert DeFina

May/June

• Forecasts, Indicators, and Monetary Policy by Keith Sill
• Jack of All Trades? Product Diversification in Nonfinancial Firms by Mitchell Berlin

March/April

• Does the Federal Tax Treatment of Housing Affect the Pattern of Metropolitan Development? by Richard Voith
• Regional Trends in Federal Government Spending by Timothy Schiller

January/February

• Banking Industry Consolidation: What's a Small Business to Do? by Loretta Mester
• Real Business Cycles: A Legacy of Countercyclical Policies? by Satyajit Chatterjee

1998

November/December

• Is the Fed Being Swept Out of (Monetary) Control? by Jeffrey Wrase
• Why Is Europe Forming a Monetary Union? by Gwen Eudey

September/October

• House Prices and the Quality of Public Schools: What Are We Buying? by Theodore Crone
• What's Happening in Manufacturing: “Survey Says…” by Michael Trebing

July/August

• Trends in Metropolitan Employment Growth by Gerald Carlino
• Low Inflation: The Surprise of the 1990s by Dean Croushore

May/June

• The Retail Revolution and Food-Price Mismeasurement by Leonard Nakamura
• Restructuring During Recession: A Silver Lining in the Cloud? by Keith Sill

March/April

• Does Trade With Low-Wage Countries Hurt American Workers? by Stephen Golub
• Has Globalization Created a Borderless World? by Janet Ceglowski

January/February

• The Downtown Parking Syndrome: Does Curing the Illness Kill the Patient? by Richard Voith
• That Thing Venture Capitalists Do by Mitchell Berlin

1997

November/December

• Are Bank Runs Contagious? by Ted Temzelides
• Network Issues and Payment Systems by James McAndrews

September/October

• What's the Point of Credit Scoring? by Loretta Mester
• What Determines the Exchange Rate: Economic Factors or Market Sentiment? by Gregory Hopper

July/August

• Inflation-Indexed Bonds: How Do They Work? by Jeffrey Wrase
• How Capital Taxes Harm Economic Growth: Britain Versus the United States by Lee Ohanian

May/June

• Where Have all the Factory Jobs Gone — And Why? by Theodore Crone
• Regional Economies: Separating Trends From Cycles by Gerald Carlino and Keith Sill

March/April

• Is the U.S. Economy Really Growing Too Slowly? Maybe We're Measuring Growth Wrong by Leonard Nakamura
• The Livingston Survey: Still Useful After All These Years by Dean Croushore

January/February

• Making Payments on the Internet by James McAndrews
• The Economic Benefits and Risks of Derivative Securities by Keith Sill

1996

November/December

• For Better and for Worse: Three Lending Relationships by Mitchell Berlin
• The Suburban Housing Market: The Effects of City and Suburban Job Growth by Richard Voith

September/October

• Taxes, Homeownership, and the Allocation of Residential Real Estate Risks by Satyajit Chatterjee
• The Travel Market in the United States and the Third District by Timothy Schiller

July/August

• Repealing Glass-Steagall: The Past Points the Way to the Future by Loretta Mester
• Value at Risk: A New Methodology for Measuring Portfolio Risk by Gregory Hopper

May/June

• Looking Ahead: Leading Indexes for Pennsylvania and New Jersey by Theodore Crone and Kevin Babyak
• Inflation Forecasts: How Good Are They? by Dean Croushore

March/April

• Central City Decline: Regional or Neighborhood Solutions? by Richard Voith
• Does Monetary Policy Have Differential Regional Effects? by Gerald Carlino and Robert DeFina

January/February

• When the Bubble Bursts: Psychology or Fundamentals? by Lee Ohanian
• The Cyclical Volatility of Interest Rates by Keith Sill

1995

November/December

• Has Deunionization Led to Higher Earnings Inequality? by Martin Asher and Robert DeFina
• Measuring Inflation in a High-Tech Age by Leonard Nakamura

September/October

• Antitrust Issues in Payment Systems: Bottlenecks, Access, and Essential Facilities by James McAndrews
• Productivity Growth and the American Business Cycle by Satyajit Chatterjee

July/August

• There's More than One Way to Sell a Security: The Treasury's Auction Experiment by Loretta Mester
• Do You Know How Much Money Is in Your Public Purse? by Robert Inman

May/June

• A Primer on Currency Derivatives by Gregory Hopper
• Rethinking Disclosure Requirements by Sherrill Shaffer

March/April

• Entry and Exit of Firms and the Turnover of Jobs in U.S. Manufacturing by Rafael Rob
• Making Money in the Housing Market: Is There a Sure-Fire System? by Theodore Crone

January/February

• Evaluating McCallum's Rule for Monetary Policy by Dean Croushore and Tom Stark
• Do Education and Training Lead to Faster Growth in Cities? by Gerald Carlino

1994

November/December

• Small Borrowers and the Survival of the Small Bank: Is Mouse Bank Mighty or Mickey? by Leonard Nakamura
• The Impact of Geographic Deregulation on Small Banks by Paul Calem

September/October

• How a Little Inflation Can Lead to a Lot by Carlos Zarazaga
• Public Transit: Realizing Its Potential by Richard Voith

July/August

• Managing the Public Debt by Keith Sill
• The Automated Clearinghouse System: Moving Toward Electronic Payment by James McAndrews

May/June

• Making More Out of Less: The Recipe for Long-Term Economic Growth by Satyajit Chatterjee
• Is the Foreign Exchange Market Inefficient? by Gregory Hopper

March/April

• Bank Competition in Concentrated Markets by Sherrill Shaffer
• Taxes and the Electoral Cycle: How Sensitive Are Governors to Coming Elections? by Anne Case

January/February

• How Efficient Are Third District Banks? by Loretta Mester
• New Indexes Track the State of the States by Theodore Crone 

1993

November/December

• Introducing: The Survey of Professional Forecasters by Dean Croushore
• How Costly Is Disinflation? The Historical Evidence by Laurence Ball

September/October

• Do Americans Save Too Little? by B. Douglas Bernheim and John Karl Scholz
• Highways and Education: The Road to Productivity? by Gerald Carlino

July/August

• Are Long Expansions Followed by Short Contractions? by Francis Diebold
• Does Money Affect Output? by Shaghil Ahmed

May/June

• Testimony on the Third District Economy and Monetary Policy by Edward Boehne
• The Proconsumer Argument for Interstate Branching by Paul Calem

March/April

• What Causes Inflation? by Laurence Ball
• Leaning Against the Seasonal Wind: Is There a Case for Seasonal Smoothing of Interest Rates? by Satyajit Chatterjee

January/February

• Information Externalities: Why Lending May Sometimes Need a Jump Start by Leonard Nakamura
• Predicting Stock-Market Volatility by Keith Sill

1992

November/December

• Can the Government Roll Over Its Debt Forever? by Andrew Abel
• Where Has All the Paper Gone? Book-Entry Delivery-Against-Payment Systems by James McAndrews

September/October

• Can Philadelphia Escape Its Fiscal Crisis with Another Tax Increase? by Robert Inman; Introduction by Richard Lang, City Problems and Suburban Reactions
• City and Suburban Growth: Substitutes or Complements? by Richard Voith

July/August

• A Slow Recovery in the Third District: Evidence from New Time-Series Models by Theodore Crone
• Marking Banks to Market by Sherrill Shaffer

May/June

• What Are the Costs of Disinflation? by Dean Croushore
• Banking and Commerce: A Dangerous Liaison? by Loretta Mester

March/April

• Are Regional Per Capita Earnings Diverging? by Gerald Carlino
• Saving and Demographics: Some International Comparisons by Stephen Meyer

January/February

• The Strange Behavior of the Credit Card Market by Paul Calem
• The Livingston Surveys: A History of Hopes and Fears by Herb Taylor

1991

November/December

• Does Inflation Depress the Stock Market? by Robert DeFina
• Shorter Recessions and Longer Expansions by Francis Diebold and Glenn Rudebusch

September/October

• The Equity Premium Puzzle by Andrew Abel
• Understanding National and Regional Housing Trends by Leonard Mills

July/August

• Is Access to Center City Still Valuable? by Richard Voith
• Lessons on Lending and Borrowing in Hard Times by Leonard Nakamura

May/June

• The Evolution of Shared ATM Networks by James McAndrews
• Interest Rate Risk: What's a Bank to Do? by Sherrill Shaffer

March/April

• How Accurate Are Quality-of-Life Rankings Across Cities? by Joseph Gyourko
• Activist Monetary Policy for Good or Evil? The New Keynesians vs. the New Classicals by Tom Stark and Herb Taylor

January/February

• De Novo Banking in the Third District by Patricia Brislin and Anthony Santomero
• Coping with State Budget Deficits by Janet Stotsky

1990

November/December

• How Big Is Your Share of Government Debt? by Dean Croushore
• Reducing the Costs and Risks of Trading Foreign Exchange by Brian Cody

September/October

• Should States Fear the Effects of a Changing Dollar? by Gerald Carlino
• Curing Our Ailing Deposit-Insurance System by Loretta Mester

July/August

• Monetary Policy with a New View of Potential GNP by John Boschen and Leonard Mills
• The U.S. Auto Industry in the 1990s by David Won

May/June

• The Aging of America: Impacts on the Marketplace and Workplace by Theodore Crone
• Closing Troubled Financial Institutions: What Are the Issues? by Leonard Nakamura

March/April

• Why Are So Many New Stock Issues Underpriced? by Anthony Saunders
• Is There a Natural Rate of Unemployment? by William Lang

January/February

• Income-Tax Progressivity: A Century-old Debate by Harvey Rosen
• How Will Third District Banks Fare in the 1990s? by James McAndrews

1989

November/December

• The New Thrift Act: Mending the Safety Net by Richard Lang and Timothy Schiller
• Unequal Subsidies in Highway Investment: What Are the Consequences? by Richard Voith
• The U.S. as a Debtor Country: Causes, Prospects, and Policy Implications by Stephen Meyer 

September/October

• Is There Too Much Corporate Debt? by Ben Bernanke
• Challenges to Small Banks' Survival by Sherrill Shaffer

July/August

• The Community Reinvestment Act: Increased Attention and a New Policy Statement by Paul Calem
• How Do Stock Returns React to Special Events? by Robert Schweitzer

May/June

• Office Vacancy Rates: How Should We Interpret Them? by Theodore Crone
• Owners Versus Managers: Who Controls the Bank? by Loretta Mester

March/April

• International Policy Cooperation: Building a Sound Foundation by Brian Cody
• Stabilizing the Dollar: What Are the Alternatives? by David Wong

January/February

• A New Regional Economic Indicator: The Mid-Atlantic Manufacturing Index by Thomas Hamer
• What Can Output Measures Tell Us About Deindustrialization in the Nation and Its Regions? by Gerald Carlino

1988

November/December

• Monetary Policy Transmission: Through Money or Credit? by Ben Bernanke
• LDC Debt Rescheduling: Calculating Who Gains, Who Loses by Anthony Saunders and Marti Subrahmanyam

September/October

• Can Stock Prices Reliably Predict Recessions? by Leonard Mills
• Private-Sector Decisions and the U.S. Trade Deficit by Behzad Diba

July/August

• Banking Reform: An Overview of the Restructuring Debate by Mitchell Berlin
• Thinking About the Deductibility of State and Local Taxes by Harvey Rosen

May/June

• Commodity Prices: Useful Intermediate Targets for Monetary Policy? by Robert DeFina
• Joint Ventures: Meeting the Competition in Banking by Paul Calem

March/April

• Going, Going, Gone: Setting Prices With Auctions by Loretta Mester
• Experimental Economics: Putting Markets Under the Microscope by Herb Taylor

January/February

• Non-Open-Market Monetary Policy Operations by Stephen Meyer
• The Eurocurrency Interbank Market: Potential for International Crisis? by Anthony Saunders

1987

November/December

• Productivity in Cities: Does City Size Matter? by Gerald Carlino
• Commuter Rail Ridership: The Long and the Short Haul by Richard Voith

September/October

• The Underground Economy: A Troubling Issue for Policymakers by Joel Houston
• Fact and Fantasy About Stock Index Futures Program Trading by John Merrick, Jr.

July/August

• Is There Consistency in Monetary Policy? by Edward Boehne
• Bank Loans and Marketable Securities: How Do Financial Contracts Control Borrowing Firms? by Mitchell Berlin
• New Guidelines for Bank Capital: An Attempt to Reflect Risk by Janice Moulton

May/June

• The CPI Futures Market: The Inflation Hedge That Won't Grow by Brian Horrigan
• Explaining Long-Term Unemployment: A New Piece to an Old Puzzle by Robert DeFina

March/April

• Housing Costs After Tax Reform by Theodore Crone
• Dividing Up the Investment Pie: Have We Overinvested in Housing? by Edwin Mills

January/February

• Interstate Bank Mergers and Competition in Banking by Paul Calem

1986

November/December

• Low-Grade Bonds: A Growing Source of Corporate Funding by Jan Loeys
• Are Government Deficits Monetized? Some International Evidence by Aris Protopapadakis and Jeremy Siegel

September/October

Articles for this issue are not available at this time.

July/August

• Charting the Course of the Economy: What Can Local Manufacturers Tell Us? by John Bell and Theodore Crone
• Do Regional Wages Differ? by Gerald Carlino

May/June

• Loan Commitments: Insurance Contracts in a Risky World by Mitchell Berlin
• Hedging Bank Borrowing Costs with Financial Futures by Michael Smirlock

March/April

Articles for this issue are not available at this time.

January/February

• New Views of the Business Cycle: Has the Past Emphasis on Money Been Misplaced? by Carl Walsh
• Productivity and the Prospects for Outgrowing the Budget Deficit by Richard McHugh

1985

November/December

• Nonbank Banks: Catalyst for Interstate Banking by Janice Moulton
• The New Bank Deposit Markets: Goodbye to Regulation Q by Paul Calem

September/October

• The Health of Banking in the Third District by Thomas Desch and Richard Lang
• The Philadelphia Area Economy: Faster Growth in the 1980s? by John Gruenstein

July/August

• Do Public Policies Affect County Growth? by Gerald Carlino and Edwin Mills
• Securities Activities of Commercial Banks: The Problem of Conflicts of Interest by Anthony Saunders

May/June

• The Tax Reform Controversy: A Guide for the Perplexed by Brian Horrigan
• Interest Rate Swaps: A New Tool for Managing Risk by Jan Loeys

March/April

• Time Inconsistency: A Potential Problem for Policymakers by Herb Taylor
• Monetary Rules and Contracts: Why Theory Loses to Practice by Donald Mullineaux

January/February

• Billion-Dollar Overdrafts: A Payments Risk Challenge by Richard Smoot
• Changing Tides for North Atlantic Ports by Theodore Crone

1984

November/December

• Tax Policy Effects on Investment: The 1981 and 1982 Tax Acts by Stephen Meyer
• The Link Between Savings and Interest Rates: A Key Element in the Tax Policy Debate by Robert DeFina

September/October

• Risk-Sensitive Deposit Insurance Premia: Some Practical Issues by Mark Flannery and Aris Protopapadakis
• Antitrust Implications of Thrifts' Expanded Commercial Loan Powers by Janice Moulton

July/August

• New Markets in Foreign Currency Options by Brian Gendreau
• The Return Banks Have Paid on NOW Accounts by Herb Taylor

May/June

• Targeting High Tech in the Delaware Valley by John Gruenstein
• Sizing Up the Deficit: An Efficient Tax Perspective by Brian Horrigan

March/April

• Revealing Real Interest Rates: Let the Market Do It by Donald Mullineaux and Aris Protopapadakis
• Market Views of Monetary Policy and Reactions to M1 Announcements by Jan Loeys

January/February

• Private Clearinghouses and the Origins of Central Banking by Gary Gorton
• Fed Pricing and the Check Collection Business: The Private Sector Response by Joanna Frodin

1983

November/December

• Exchange Rate Volatility: Is Intervention the Answer? by Nicholas Carlozzi
• Cleaning the Air with the Invisible Hand by Theodore Crone and Robert DeFina

September/October

• New Employment Growth Trends: The U.S. and the Third District by Gerald Carlino
• Anatomy of a Fiscal Crisis by Robert Inman
• Economic Development in the Third District: Three Approaches by Eleanor Craig and Scott Reznick

July/August

• Tax Cuts: Reality or Illusion? by Stephen Meyer
• Delaware Moves Toward Interstate Banking: A Look at the FCDA by Janice Moulton

May/June

• The Discount Window and Money Control by Herb Taylor
• When Is the Prime Rate Second Choice? by Brian Gendreau

March/April

• The Condominium Trend: Response to Inflation by Theodore Crone
• Removing Deposit Rate Ceilings: How Will Bank Profits Fare? by Mark Flannery

January/February

• Using Econometric Models to Make Economic Policy: A Continuing Controversy by Richard Lang
• Deregulation: A New Future for Thrifts by Jan Loeys

1982

November/December

• Spending Through the Tax Structure: Are We Taxing the Revenue System? by Robert DeFina
• Forecasting with the Index of Leading Indicators by Gary Gorton

September/October

Articles for this issue are not available at this time.

July/August

• Interest Rates: How Much Does Expected Inflation Matter? by Herb Taylor
• Implementing the Monetary Control Act in a Troubled Environment for Thrifts by Janice Moulton

May/June

• Margaret Thatcher's Economic Experiment: Are There Lessons for the Reagan Administration? by Stephen Meyer
• From Centralization to Deconcentration: Economic Activity Spreads Out by Gerald Carlino

March/April

• Federal Deficits: A Faulty Gauge of Government's Impact on Financial Markets by Brian Horrigan and Aris Protopapadakis
• Health Care: Getting the Right Amount at the Right Price by Laurence Seidman

January/February

• The Casino Industry in Atlantic City: What Has It Done for the Local Economy? by Thomas Hamer
• Deposit Insurance Creates a Need for Bank Regulation by Mark Flannery

1981

November/December

• Did the Tax Cut Really Cut Taxes? by Stephen Meyer and Robert Rossana
• The Merits of Efficient Taxation by Ira Kaminow

September/October

• Indexation: A Reasonable Response to Inflation by Brian Horrigan
• Who Controls What in the U.S. Economy? by Timothy Hannan

July/August

• The Defense Sector: A Source of Strength for Philadelphia's Economy by John Mulhern
• Can Services Sustain a Regional Economy? by John Gruenstein and Sally Guerra

May/June

• Efficient Markets, Interest Rates, and Monetary Policy by Donald Mullineaux
• Supply-Side Economics: What Chance for Success? by Aris Protopapadakis

March/April

• Managing the Money Stock: A Time of Transition by Richard Lang
• Regulating the Eurocurrency Market: What Are the Prospects? by Nicholas Carlozzi 

January/February

• A Personal Consumption Tax: Can It Break the Capital Formation Deadlock? by Laurence Seidman
• Structuring Corporate Taxes for a More Productive Economy by Robert Rossana

1980

November/December

• Paying for Public Pensions: Now or Later? by Robert Inman
• Interest Rate Futures: A Challenge for Bankers by Howard Keen, Jr.

September/October

• The National Stock Market: Taking Shape by John Mulhern
• How Do Changes in Market Interest Rates Affect Bank Profits? by Mark Flannery

July/August

• Foiling the Bank Robber: What Makes a Difference? by Timothy Hannan
• What's Ahead for Housing Prices? by Anthony Rufolo

May/June

• Jobs in the City: Can Philadelphia Afford to Raise Taxes? by John Gruenstein
• Pegs and Floats: The Changing Face of the Foreign Exchange Market by Nicholas Carlozzi

March/April

• Commentary: Bank Supervisory Trends in the '80s by Edward Boehne
• The Productivity Perplex: A Concern for the Supply Side by Timothy Hannan
• How U.S. Multinationals Manage Currency Risk by Janice Westerfield

January/February

• Fighting Inflation with a Tax-Based Incomes Policy by Laurence Seidman
• TIP Is Not the Answer to Inflation by Gary Gillum

1979

November/December

• Commentary: Monetarism and Practical Policymaking by Edward Boehne
• Current Monetary Dilemmas: How Effective Is Orthodoxy in an Unorthodox World? by David Eastburn
• On Active and Passive Monetary Policies: What Have We Learned from the Rational Expectations Debate? by Donald Mullineaux

September/October

• A Softer Landing for Housing This Time Around? by John Bell
• Thrifts Compete with Banks: Getting a Clearer View of a Changing Picture by Howard Keen, Jr.

July/August

• Commentary: The McFadden Act: Is Change in the Making? by Edward Boehne
• Mass Transit Subsidies: Are There Better Options? by John Gruenstein
• Unemployment Insurance Programs: A New Look for the Eighties? by Robert Rossana

May/June

• Commentary: Preserving Discretion in Economic Policy by David Eastburn
• Lack of Competition: Where It's Found and How Much It Costs by Timothy Hannan
• Econometric Forecasting: Should You Buy It? by Nariman Behravesh and John Mulhern

March/April

• Commentary: Can Philadelphia Expect a Livelier Economy? by Edward Boehne
• Proposition 13 and Its Aftermath by Anita Summers
• An Index of Leading Indicators for the Philadelphia Region by Anthony Rufolo

January/February

• Commentary: Voluntary Inflation Restraint and Corporate Social Responsibility by David Eastburn
• International Banking in Philadelphia by Janice Westerfield
• A New Job Map for the Philadelphia Region by John Gruenstein

1978

November/December

• Commentary: Coming: A New Phase for Regulation Q by Edward Boehne
• Bank Dividend Cuts: Recent Experience and the Traditional View by Howard Keen, Jr.
• Upward Biases in Government Spending? by Anthony Rufolo

September/October

• Regulation: Whence It Came and Whether It's Here to Stay by Donald Mullineaux
• Philadelphia's Economy in the National Setting by Anthony Rufolo

July/August

• The Influence of Monetary Policy on Commercial Banking by David Eastburn and W. Lee Hoskins
• A Primer on the Risks of International Lending and How to Evaluate Them by Janice Westerfield

May/June

• Estimating the Cost of Your Bank's Funds by Ronald Watson
• Uniformity in Assessment: High on the List of Property Tax Reforms by Nonna Noto

March/April

• Measuring Income Distribution in the United States by Timothy Hannan
• Housing Decay: Cause or Symptom of Urban Decline? by Anthony Rufolo

January/February

• Our Vanishing Golden Age? by David Eastburn
• Potential Competition and the Banks by Timothy Hannan

1977

November/December

• Why Bankers Are Concerned About NOW Accounts by Howard Keen
• Commodity Agreements: The Haves vs. the Have-Nots? by Janice Westerfield

September/October

• The Economics of Commuting in a Higher Cost World by Nonna Noto
• The World Business Cycle: Is It Here to Stay? by Nariman Behravesh

July/August

• Inflation Expectations in the U.S.: A Brief Anatomy by Donald Mullineaux
• The Mortgage Market: A Place for Ceilings? by Helen Peters

May/June

• A Case For Market Interest Rates by James O'Brien
• The Unemployment Rate: Time to Give It a Rest? by Stewart Schwab and John Seater

March/April

• Philadelphia's Fiscal Story: The City and the Schools by Nonna Noto and Donald Raiff
• Appendices for Philadelphia's Fiscal Story: The City and the Schools

January/February

• Coping With Unemployment by John Seater
• Local Government Wages and Services: How Much Should Citizens Pay? by Anthony Rufolo

1976

November/December

• Money Growth, Jobs, and Expectations: Does a Little Learning Ruin Everything? by Donald Mullineaux
• A Lower Profile for the U.S. Balance of Payments by Janice Westerfield

September/October

• The Economics of Bank Security by Timothy Hannan
• Forecasting Inflation: Does the Method Make a Difference? by Nariman Behravesh

July/August

Articles for this issue are not available at this time.

May/June

• Capital Needs Projections: A Need for Perspective by James O'Brien
• Profit in a Free Economy by John Seater

March/April

• Small Cities and Their Future by James Freund
• Regional Wrap-up '75: Downturn Ends, Recovery Begins by Howard Keen, Jr.

January/February

• An Economic Approach to Family Size: A New Perspective on Population Growth by Donald Mullineaux
• Tax Cuts and Economic Activity: The Role of "Financing" by Nariman Behravesh and Donald Raiff

1975

December

• Jobs in Philadelphia: Experience and Prospects

November

• Selective Credit Policies: Should Their Role Be Expanded?

October

• The Fed in a Political World by David Eastburn
• The Rising Cost of Buying a New Home by James Bacci
• Slowdowns and Recessions: What's Been Government's Role? by Donald Raiff

September

• Banking's Capital Shortage: The Malaise and the Myth by Ronald Watson
• The Dollar at Home and Abroad by John Bell
• Bank Loan Losses: A Fresh Perspective by Stuart Schweitzer

July/August

• The Battle for Energy Independence: How Much of a Good Thing? by Timothy Hannan
• The Auto Industry: Slowdown in Sales, Stall in Jobs by Clara Prevo
• Forecasting the Economy with Mathematical Models: Is It Worth the Effort? by Nariman Behravesh

June

• Anatomy of a "Fiscal Crisis" by Anthony Rufolo
• Rising Medical Care Expenditures: A Growing Role for the Public Sector by Robert Friedman
• Restrictive Labor Practices in Baseball: Time for a Change? by Janice Westerfield

May

• Central Banking Across the Atlantic: Another Dimension by James O'Brien
• Inventory Valuation Adjustments Greatly Influence Corporate Earnings by Robert Christian, Jr.
• A Perspective on Stagflation by John Seater

April

• Is There a Future for Economic Man? by David Eastburn
• Philadelphia City and School District Budgets: A Year of Austerity by William Cozzens

March

• Indexing Inflation: Remedy or Malady? by Vincent Gennaro
• Regional Wrap-up '74: Doldrums Descend on District Economy by Howard Keen, Jr.

February

• Which School Resources Help Learning? Efficiency and Equity in Philadelphia Public Schools by Anita Summers and Barbara Wolfe

January

• Why Not Pay Interest on Member Bank Reserves? by Ira Kaminow
• Should the Fed Sell Its Services? by W. Lee Hoskins