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Economic Review
1997

The Economic Review is a quarterly research publication with articles by Economic Research staff on issues of relevance to the Federal Reserve, including macroeconomics and monetary policy, financial markets, regional and international economics, and rural economic studies.  For paper copies of previous issues of the Economic Review you can order onlineTo receive e-mail notification when new Economic Review articles are posted, sign up in our E-alert system.



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1st Quarter 2nd Quarter

Bank Regulation: Asking the Right Questions
Thomas M. Hoenig   
(Summary | Article  PDF 30K)

U.S. Inflation Developments in 1996
Todd E. Clark   
(Summary | Article  PDF 160K)

The Productivity Growth Slowdown: Diverging Trends in the Manufacturing and Service Sectors
Sharon Kozicki   
(Summary | Article  PDF 90K)

Tenth District Economic Developments
Tim R. Smith   
(Summary | Article  PDF 82K)

Will the Wild Ride for U.S. Agriculture Continue in 1997?
Mark Drabenstott    
(Summary | Article  PDF 185K)

Monetary Policy Without Reserve Requirements: Case Studies and Options for the United States
Gordon H. Sellon, Jr. and Stuart E. Weiner   
(Summary | Article  PDF 588K)

Are We Living in the Middle of an Industrial Revolution?
Joel Mokyr   
(Summary | Article  PDF 72K)

Settlement Risk in Large-Value Payments Systems
Pu Shen   
(Summary | Article  PDF 99K)

Cyclical Implications of the Declining Manufacturing Employment Share
Andrew J. Filardo    
(Summary | Article  PDF 253K)

Financing Rural America: A Conference Summary
Mark Drabenstott and Larry Meeker
(Summary | Article  PDF 53K)

3rd Quarter

4th Quarter

 
What Long-Run Returns Can Investors Expect from the Stock Market?
John E. Golob and David G. Bishop
(Summary | Article  PDF 130K)

Social Security Privatization: Balancing Efficiency and Fairness
C. Alan Garner   
(Summary | Article  PDF 92K)

Does the Yield Spread Predict Real Economic Activity? Multicountry Analysis 
Catherine Bonser-Neal and Timothy R. Morley   
(Summary | Article  PDF 95K)

Changes in the Depository Industry in Tenth District States 
William R. Keeton and Anne D. McKibbin    
(Summary | Article  PDF 130K)
 

Why Is Financial Stability a Goal of Public Policy?
Andrew Crockett   
(Summary | Article  PDF 83K)

Maintaining Financial Stability in a Global Economy: A summary of the Bank's 1997 Symposium
Charles Morris and Klara Parrish   
(Summary | Article  PDF 60K)

Predicting Real Growth and Inflation with the Yield Spread
Sharon Kozicki   
(Summary | Article  PDF 132K)

Looking Forward: The Role for Government In Regulating Electronic Cash
Stacey L. Schreft   
(Summary | Article  PDF 130K)

How Will the 1996 Farm Bill Affect the Outlook for District Farmland Values?
Russell L. Lamb    
(Summary | Article  PDF 87K)
   

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