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Richard G. Anderson

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Last updated March 5, 2008

Recent Essays

"What Were They Thinking?"
Federal Reserve Bank of St. Louis Central Banker, Winter 2007, p. 5.

Remarks on the Economic Outlook
Presented at the CFA Day Luncheon, Louisville KY, June 14, 2007.

Recent Research Papers and Commentary

"Energy and the Economy"
Federal Reserve Bank of St. Louis National Economic Trends, April 2008.

2008-003A "Offshoring, Economic Insecurity, and the Demand for Social Insurance" - January 2008
with Charles S. Gascon
Abstract | Full Text (PDF)

"The FOMC in 1978"
with Charles S. Gascon
Federal Reserve Bank of St. Louis Monetary Trends, August 2007.

2007-016C "Mean-Variance vs. Full-Scale Optimization: Broad Evidence for the UK" - April 2007, revised October 2007
with Björn Hagströmer, Jane M. Binner, Thomas Elger, and Birger Nilsson
Abstract | Full Text (PDF)

"Purposes and Functions of the Federal Reserve System: PowerPoint Slides" | PDF version
with Charles S. Gascon
— A set of slides, suitable for classroom presentation, based on the Federal Reserve Board's popular book
— St. Louis Community College, Continuing Education Class Lecture, April 5, 2007.

2007-004A "The Perils of Globalization: Offshoring and Economic Insecurity of the American Worker" - February 2007
with Charles S. Gascon
Abstract | Full Text (PDF)

"How Well Do Wages Follow Productivity Growth?"
Federal Reserve Bank of St. Louis National Economic Trends, March 2007.

"U.S. Currency at Home and Abroad"
with Marcela M. Williams
Federal Reserve Bank of St. Louis Monetary Trends, March 2007.

"Monetary Base"
in William A. Darity, Jr., ed., International Encyclopedia of the Social Sciences, February 2008, Macmillan Reference USA.

"The New Economy: How the United States is Adapting to the Knowledge-Based Economy of the Twenty-First Century"
- Presented at the Southern Illinois Economic Development Conference, September 21, 2006.

"Inflation's Economic Cost: How Large? How Certain?"
Federal Reserve Bank of St. Louis The Regional Economist, July 2006, pp. 4-9.
- Longer version of "The Long-Run Benefits of Sustained Low Inflation"
Federal Reserve Bank of St. Louis National Economic Trends, February 2006.

"Yield Curve Inversions and Cyclical Peaks"
Federal Reserve Bank of St. Louis Monetary Trends, May 2006
- Longer version.

"Economics and the Real World"
invited guest lecture, Colorado State University, April 26, 2005

More Commentary

Articles Published by the Federal Reserve Bank of St. Louis

"Currency Design in the United States and Abroad: Counterfeit Deterrence and Visual Accessibility"
with Marcela M. Williams
Federal Reserve Bank of St. Louis Review, September/October 2007, 89(5), pp. 371-414.
- Corrigendum

"The 1990s Acceleration in Labor Productivity: Causes and Measurement"
with Kevin L. Kliesen
Federal Reserve Bank of St. Louis Review, May/June 2006, 88(3), pp. 181-202.

"Replicability, Real-Time Data, and the Science of Economic Research: FRED, ALFRED, and VDC"
Federal Reserve Bank of St. Louis Review, January/February 2006, 88(1), pp. 81-93.

"Revisions to User Costs for the Federal Reserve Bank of St. Louis Monetary Services Indices"
with Jason J. Buol
Federal Reserve Bank of St. Louis Review, November/December 2005, 87(6), pp. 735-49.

"What is Driving Oil Prices?"
with Jason J. Buol
Federal Reserve Bank of St. Louis The Regional Economist, January 2005, pp. 10-11.

"Does Uncertainty about Oil Prices Slow Down the Economy?"
with Michelle T. Meisch
Federal Reserve Bank of St. Louis The Regional Economist, October 2003. pp. 12-13.

"A Reconstruction of the Federal Reserve Bank of St. Louis Adjusted Monetary Base and Reserves"
with Robert H. Rasche and Jeffrey Loesel
Federal Reserve Bank of St. Louis Review, September/October 2003, 85(5), pp. 39-70.

"Retail Sweep Programs and Bank Reserves"
with Robert H. Rasche
Federal Reserve Bank of St. Louis Review, January/February 2001, 83(1), pp. 51-72.

Data (.XLS)
Program (.PRG)

All FRBStL Articles

FRBStL Working Papers

2008-003A "Offshoring, Economic Insecurity, and the Demand for Social Insurance" - January 2008
with Charles S. Gascon
Abstract | Full Text (PDF)

2007-016C "Mean-Variance vs. Full-Scale Optimization: Broad Evidence for the UK" - April 2007, revised October 2007
with Björn Hagströmer, Jane M. Binner, Thomas Elger, and Birger Nilsson
Abstract | Full Text (PDF)

2007-004A "The Perils of Globalization: Offshoring and Economic Insecurity of the American Worker" - February 2007
with Charles S. Gascon
Abstract | Full Text (PDF)

All Papers

Articles in Professional Journals

"A Specialized Inventory Problem in Banks: Optimizing Retail Sweeps"
with Suresh K. Nair
FORTHCOMING: Production Optimization and Management Science
Abstract | Full Text (PDF)

"The Role of Data & Program Code Archives in the Future of Economic Research"
with William H. Greene, Bruce D. McCullough, and H. D. Vinod
FORTHCOMING: Journal of Economic Methodology
Abstract | Full Text (PDF)

All Papers

Monetary Aggregates

The New St. Louis Adjusted Monetary Base series
- Information on construction and data.

Monetary Services Index (MSI) Project
- Database containing monetary services indexes.

Article: "Sweeps Distort M1 Growth"
- Monetary Trends cover page (November 1995).

Federal Reserve Board Data on OCD Sweep Account Programs

Robert H. Rasche's Monthly U.S. Money Stock Estimates 1947-1958

Other Publications, Book Reviews, and Edited Volumes

"Monetary Base"
in William A. Darity, Jr., ed., International Encyclopedia of the Social Sciences, February 2008, Macmillan Reference USA.

"Some Tables of Historical U.S. Currency and Monetary Aggregates Data"
Content included in Susan B. Carter, Scott Sigmund Gartner, Michael R. Haines, Alan L. Olmstead, Richard Sutch, and Gavin Wright, eds., Historical Statistics of the United States Millennial Edition, 2006, Cambridge University Press.

"Has the Long-Run Velocity of M2 Shifted? Evidence from the P^* Model"
with Jeffrey J. Hallman
Federal Reserve Bank of Cleveland Economic Review, First Quarter 1993, 29(1).

"The GAUSS Programming System: A Review"
Journal of Applied Econometrics, 1991.

Book Review, Large-Scale Macro-Econometric Models
Kmenta and Ramsey, eds., Journal of Money, Credit, and Banking, August 1984.

"Some Evidence on the Distribution of Elasticity Estimators in Translog Models"
with J.G. Thursby
Proceedings of the Business and Economics Statistics Section, American Statistical Association, 1983.

"A Model of Lifetime Earnings from the Social Security Continuous Work History Sample File"
with Peter A. Diamond and Yves Balcer
Report of the Consultant Panel on Social Security, Congressional Research Service, August 1976.

"Price-Level Adjusted Mortgages in Brazil"
with Donald Lessard
New Mortgage Designs for Stable Housing in an Inflationary Environment
Federal Reserve Bank of Boston Conference Series, January 1976, 14.

Education

Degree	Institution	Major	Date
Ph.D.	Massachusetts Institute of Technology	Economics	1980
B.A.	University of Minnesota	Economics	1972