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The Federal Reserve Bank of St. Louis Review

A journal of national and international economic developments, particularly focusing on their monetary aspects.

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JANUARY 1975

A Primer on Inflation: Its Conception, Its Costs, Its Consquences pp. 2-8 (PDF 531k)
by Hans H. Helbling and James E. Turley

Unusual Factors Contributing to Economic Turmoil pp. 9-13 (PDF 375k)
by Darryl R. Francis

The St. Louis Equation and Monthly Data pp. 14-17 (PDF 672k)
by Keith M. Carlson

Monetary Effects of the Treasury Sale of Gold pp. 18-22 (PDF 1.2M)
by Albert E. Burger


FEBRUARY 1975

Inflation: Its Cause and Cure pp. 2-7 (PDF 539k)
by W. Philip Gramm

Operations of the Federal Reserve Bank of St. Louis—1974 pp. 8-14 (PDF 830k)
by Jean M. Lovati

Financing Government Through Monetary Expansion and Inflation pp. 15-23 (PDF 1M)
by Charlotte E. Ruebling


MARCH 1975

The 1975 National Economic Program: Another Exercise in Fiscal Activism pp. 2-12 (PDF 1.7M)
by Keith M. Carlson

Prospects for Food and Agriculture in 1975 pp. 13-18 (PDF 649k)
by Clifton B. Luttrell and Neil A. Stevens


APRIL 1975

The FOMC in 1974: Monetary Policy During Economic Uncertainty pp. 2-13 (PDF 1.1M)
by Susan R. Roesch

A Monetary View of the Balance of Payments pp. 14-22 (PDF 825k)
by Donald S. Kemp

Revision of the Monetary Base pp. 23-28 (PDF 1.2M)
by Albert E. Burger


MAY 1975

Public Policy for a Free Economy pp. 2-5 (PDF 361k)
by Darryl R. Francis

Inflation, Unemployment, and Hayek pp. 6-10 (PDF 416k)
by Roger W. Spencer

International Trade and Finance Under the Influence of Oil—1974 and Early 1975 pp. 11-15 (PDF 445k)
by Hans H. Helbling


JUNE 1975

Two Stages to the Current Recession pp. 2-8 (PDF 479k)
by Norman N. Bowsher

A Monetary Model of Nominal Income Determination pp. 9-19 (PDF 1M)
by Leonall C. Andersen


JULY 1975

The Changing Competition Between Commercial Banks and Thrift Institutions for Deposits pp. 2-8 (PDF 791k)
by Jean M. Lovati

Paying More Taxes and Affording It Less pp. 9-13 (PDF 745k)
by Nancy Jianakoplos

Balance-of-Payments Concepts—What Do They Really Mean? pp. 14-23 (PDF 1.2M)
by Donald S. Kemp


AUGUST 1975

The Monetary-Fiscal Mix Through Mid-1976 pp. 2-7 (PDF 570k)
by Susan R. Roesch

Observed Income Velocity of Money: A Misunderstood Issue in Monetary Policy pp. 8-19 (PDF 1.1M)
by Leonall C. Andersen

Income and Expenses of Eighth District Member Banks pp. 20-23 (PDF 449k)
by William C. Niblack


SEPTEMBER 1975

Grain Exports and Inflation pp. 2-4 (PDF 286k)
by Clifton B. Luttrell

Explanation of the Growth of the Money Stock pp. 5-10 (PDF 783k)
by Albert E. Burger

Real Money Balances: A Good Forecasting Device and a Good Policy Target? pp. 11-15 (PDF 577k)
by Anatol Balbach and Denis S. Karnosky


OCTOBER 1975

The Relationship Between Monetary Base and Money: How Close? pp. 3-8 (PDF 1M)
by Albert E. Burger

Selection of a Monetary Aggregate for Economic Stabilization pp. 9-15 (PDF 970k)
by Leonall C. Andersen

The Postwar Economic System in Germany: Creation, Evolution and Reappraisal pp. 16-22 (PDF 1.2M)
by Dieter Duwendag


NOVEMBER 1975

Oil Price Controls: A Counterproductive Effort pp. 2-6 (PDF 708k)
by Hans H. Helbling and James E. Turley

Bank Failures and Public Policy pp. 7-15 (PDF 1.4M)
by R. Alton Gilbert


DECEMBER 1975

Crowding Out and Its Critics pp. 2-17 (PDF 1.2M)
by Keith M. Carlson and Roger W. Spencer

The Origin and Impact of Inflation pp. 18-22 (PDF 391k)
by Darryl R. Francis


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