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Past Issues 1971

JANUARY 1971

Current Stabilization Policy pp. 2-5 (PDF 587k)

The Revised Money Stock: Explanation and Illustrations pp. 6-15 (PDF 1.5M)
by Albert E. Burger and Jerry L. Jordan

Expectations, Money, and the Stock Market pp. 16-31 (PDF 2.2M)
by Michael W. Keran

FEBRUARY 1971

Stabilization Policies and Employment pp. 2-7 (PDF 753k)
by R. Alton Gilbert

Operations of the Federal Reserve Bank of St. Louis—1970 pp. 8-14 (PDF 851k)

Population, The Labor Force, and Potential Output: Implications for the St. Louis Model pp. 15-23 (PDF 1.2M)
by Roger W. Spencer

MARCH 1971

Capital Markets and Interest Rates in 1970 pp. 2-10 (PDF 1.3M)

The 1971 National Economic Plan pp. 11-19 (PDF 1.4M)
by Keith M. Carlson

The Implementation Problem of Monetary Policy pp. 20-30 (PDF 1.4M)
by Albert E. Burger

APRIL 1971

Monetary Aggregates and Recent Economic Trends pp. 2-9 (PDF 1.5M)

Controlling Money in an Open Economy: The German Case pp. 10-27 (PDF 2.6M)
by Manfred Willms

Summary of U.S. Balance of Payments, 1970 pp. 28-31 (PDF 204k)

MAY 1971

The Economy: A Moderate Recovery pp. 2-7 (PDF 1M)

Social Priorities and the Market Allocation of Credit pp. 8-13 (PDF 509k)
by Darryl R. Francis

The Year 1970—A "Modest" Beginning for Monetary Aggregates pp. 14-32 (PDF 3.1M)
by Jerry L. Jordan and Neil A. Stevens

JUNE 1971

How Fast is Money Growing? pp. 2-8 (PDF 1.2M)
by Norman N. Bowsher

The Road to Accelerating Inflation is Paved with Good Intentions pp. 9-15 (PDF 590k)
by Darryl R. Francis

JULY 1971

Dollars, Deficits, and the International Monetary System pp. 3-15 (PDF 2M)

The Euro-Dollar Market: Some First Principles pp. 16-24 (PDF 1.2M)
by Milton Friedman

Proposed Solutions in Inflation—Effective and Ineffective pp. 25-30 (PDF 546k)
by Darryl R. Francis

AUGUST 1971

The Significance of Recent Interest Rates Movements pp. 2-7 (PDF 938k)
by Denis S. Karnosky

The New Look for the Balance of Payments pp. 8-11 (PDF 658k)
by Christopher Bach and Anatol Balbach

Income, Expenses, and Operating Ratios of Eighth District Member Banks—1970 pp. 12-17 (PDF 1.3M)

Central Banks and the Money Supply pp. 18-30 (PDF 1.1M)
by James Meigs and William Wolman

SEPTEMBER 1971

A Monetarist View of Demand Management: The United States Experience pp. 3-11 (PDF 1.1M)
by Leonall C. Andersen

High Employment Without Inflation: On the Attainment of Admirable Goals pp. 12-26 (PDF 2.5M)
by Roger W. Spencer

OCTOBER 1971

Slowing in Money Growth: The Key to Success in Curbing Inflation pp. 2-5 (PDF 606k)
by Keith M. Carlson

Money Stock Control and Its Implications for Monetary Policy pp. 6-22 (PDF 2.4M)
by Albert E. Burger, Lionel Kalish, and Christopher T. Babb

NOVEMBER 1971

Monetary Policy and Relative Prices in an Incomes Policy pp. 2-7 (PDF 1M)
by R. Alton Gilbert

German Banks as Financial Department Stores pp. 8-13 (PDF 809k)
by Diether H. Hoffman

The Flexible Exchange Rate: Gain or Loss to the United States pp. 14-20 (PDF 572k)
by Darryl R. Francis

Regional and Multilateral Dimensions of the United States Balance of Payments pp. 21-31 (PDF 2.4M)
by Andrew F. Brimmer

DECEMBER 1971

1971—Year of Recovery and Controls pp. 2-10 (PDF 860k)
by Norman N. Bowsher

Determinants of Commercial Bank Growth pp. 11-18 (PDF 922k)
by Susan Schmidt Bies

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