"Dissecting Taylor Rules in a Structural VAR"
Working Paper 2010-005A by Woon Gyu Choi and Yi Wen (2010-01-28)

"Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets"
Working Paper 2010-004A by Kris James Mitchener and David C. Wheelock (2010-01-21)

"1/N and Long Run Optimal Portfolios: Results for Mixed Asset Menus"
Working Paper 2010-003A by Carolina Fugazza, Massimo Guidolin, and Giovanna Nicodano (2010-01-08)

"Can VAR Models Capture Regime Shifts in Asset Returns? A Long-Horizon Strategic Asset Allocation Perspective"
Working Paper 2010-002A by Massimo Guidolin and Stuart Hyde (2010-01-08)

"On the Social Cost of Transparency in Monetary Economies"
Working Paper 2010-001A by David Andolfatto (2010-01-04)

"The Effects of Recessions Across Demographic Groups"
by Kristie M. Engemann and Howard J. Wall
The burdens of a recession are not spread evenly across demographic groups. As the public and media noticed, from the start of the current recession in December 2007 through June 2009 men accounted for more than three-quarters of net job losses.

"Community Colleges and Economic Mobility"
by Natalia Kolesnikova
This paper examines the role of community colleges in the U.S. higher education system and their advantages and shortcomings. In particular, it discusses the population of community college students and economic returns to community college education for various demographic groups. It offers new evidence on the returns to an associate’s degree.

"Alt-A: The Forgotten Segment of the Mortgage Market"
by Rajdeep Sengupta
This study presents a brief overview of the Alt-A mortgage market with the goal of outlining broad trends in the different borrower and mortgage characteristics of Alt-A market originations between 2000 and 2006.

"The Relationship Between the Daily and Policy-Relevant Liquidity Effects"
by Daniel L. Thornton
The phrase "liquidity effect" was introduced by Milton Friedman (1969) to describe the first of three effects on interest rates caused by an exogenous change in the money supply. The lack of empirical support for the liquidity effect using monthly and quarterly monetary and reserve aggregates data led Hamilton (1997) to suggest that more convincing evidence of the liquidity effect could be obtained with daily data—the daily liquidity effect.

More Review Articles ...

CPI +2.8 % in Dec 2009, % Chg. Year Ago (Revision Graph)

Real GDP +5.7 % in 2009Q4, Comp. Ann. Rate of Chg. (Revision Graph)

IP +0.6 % in Dec 2009, % Chg. (Revision Graph)

10-Yr. Treas. Rate 3.62 % on 2010-02-04

US/Euro FX Rate 1.387 on 2010-01-29

Japan/US FX Rate 90.38 on 2010-01-29

Civ. Unemploy. Rate 9.7 % in Jan 2010 (Revision Graph)

Payroll Employment -20.0 in Jan 2010, Chg. (Revision Graph)

Initial Jobless Claims 468750 on 2010-01-30 (Revision Graph)

10-Year 4-3/4% Treasury Inflation-Indexed Note, Due 1/15/2020 (2010-02-09)

30-Year 3-5/8% Treasury Inflation-Indexed Bond, Due 4/15/2028 (2010-02-09)

5-Year 2% Treasury Inflation-Indexed Note, Due 4/15/2012 (2010-02-09)

10-Year 1-7/8% Treasury Inflation-Indexed Note, Due 7/15/2019 (2010-02-09)

10-Year 2% Treasury Inflation-Indexed Note, Due 1/15/2016 (2010-02-09)

10-Year 2-1/2% Treasury Inflation-Indexed Note, Due 7/15/2016 (2010-02-09)

More ...

U.S. Financial Data, February 5 Issue
A weekly publication that includes charts and tables relating to weekly monetary and reserve aggregates, selected interest rates, commercial bank loans, and more. (2010-02-04) More USFD...

National Economic Trends, February Issue
A monthly publication that presents a snapshot of the U.S. economy. (2010-02-02) More NET...

International Economic Trends, February Issue
A quarterly publication that includes economic statistics and charts for G-7 and euro area countries. (2010-01-25) More IET...

Monetary Trends, February Issue
A monthly publication that reviews U.S. monetary and financial conditions with an emphasis on various measures of the monetary policy stance. (2010-01-20) More MT...