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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 1977

Are You Protected From Inflation? pp. 2-8 (PDF 926k)
by Nancy Jianakoplos

The 1975-76 Federal Deficits and the Credit Market pp. 9-16 (PDF 974k)
by Richard W. Lang


FEBRUARY 1977

A Guide to Capital Outlays in the Current Recover pp. 2-7 (PDF 565k)
by Jai-Hoon Yang

Operations of the Federal Reserve Bank of St. Louis—1976 pp. 8-15 (PDF 825k)

Outlook for Farm Income in 1977 pp. 16-20 (PDF 439k)
by Clifton B. Luttrell


MARCH 1977

The FOMC in 1976: Progress Against Inflation pp. 2-17 (PDF 1.7M)
by Albert E. Burger and Douglas R. Mudd

Free Trade: A Major Factor in U.S. Farm Income pp. 18-24 (PDF 624k)
by Clifton B. Luttrell


APRIL 1977

Inventory Investment in the Recent Recession and Recover pp. 2-9 (PDF 846k)
by John A. Tatom

The Effects of Changes in Inflationary Expectations pp. 10-14 (PDF 397k)
by Rachel Balbach

Food: Outlook Favorable for Consumers pp. 15-19 (PDF 510k)
by Neil A. Stevens


MAY 1977

The Effects of the New Energy Regime on Economic Capacity, Production, and Prices pp. 2-12 (PDF 1M)
by Robert H. Rasche and John A. Tatom

The Growing Link Between the Federal Government and State and Local Government Financing pp. 13-20 (PDF 1.5M)
by Nancy Jianakoplos

So What, It's Only a Five Percent Inflation pp. 21-23 (PDF 536k)
by Leonall C. Andersen


JUNE 1977

The Treasury Bill Futures Market and Market Expectations of Interest Rates pp. 2-9 (PDF 1.1M)
by Albert E. Burger, Richard W. Lang, and Robert H. Rasche

Energy Resources and Potential GNP pp. 10-24 (PDF 1.5M)
by Robert H. Rasche and John A. Tatom

Financing Economic Growth: The Problem of Capital Formation

Proceedings of the First Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

Foreword pp. iv (PDF 25k)

Capital Accumulation and the Federal Reserve System pp. 1-6 (PDF 219k)
by Lawrence Roos

Government Policy and Capital Formation pp. 7-37 (PDF 1.2M)
by Robert Eisner

Capital Formation and U.S. Economic Performance pp. 39-116 (PDF 2.5M)
by Allen Sinai

Monetary Policy and Capital Formation pp. 117-150 (PDF 1.2M)
by Jai-Hoon Yang


JULY 1977

The Nature and Origins of the U.S. Energy Crisis pp. 2-12 (PDF 1.4M)
by Jai-Hoon Yang

Revision of the Monetary Base pp. 13-28 (PDF 1.5M)
by Albert E. Burger and Robert H. Rasche


AUGUST 1977

Utilization of Federal Reserve Bank Services by Member Banks: Implications for the Costs and Benefits of Membership pp. 2-15 (PDF 1.7M)
by R. Alton Gilbert

Estimates of the High-Employment Budget and Changes in Potential Output pp. 16-22 (PDF 659k)
by Keith M. Carlson

Income and Expenses of the Eighth District Member Banks pp. 23-26 (PDF 584k)
by Jean M. Lovati


SEPTEMBER 1977

Some Considerations in the Use of Monetary Aggregates for the Implementation of Monetary Policy pp. 2-7 (PDF 588k)
by Leonall C. Andersen and Denis S. Karnosky

Debt-Management Policy and the Own Price Elasticity of Demand for U.S. Government Notes and Bonds pp. 8-22 (PDF 1.8M)
by Richard W. Lang and Robert H. Rasche


OCTOBER 1977

The Growing Similarities Among Financial Institutions pp. 2-11 (PDF 1.9M)
by Jean M. Lovati

The Early 1960s: A Guide to the Late 1970s pp. 12-18 (PDF 540k)
by Norman N. Bowsher


NOVEMBER 1977

Economic Goals for 1981: A Monetary Analysis pp. 2-7 (PDF 1.3M)
by Keith M. Carlson

Effects of Interest on Demand Deposits: Implications of Compensating Balances pp. 8-15 (PDF 790k)
by R. Alton Gilbert


DECEMBER 1977

Farm Prices Supports at Cost of Productions pp. 2-7 (PDF 556k)
by Clifton B. Luttrell

Do Foreigners Control the U.S. Money Supply? pp. 8-11 (PDF 282k)
by Geoffrey E. Wood and Douglas R. Mudd

The Tax Penalty on Married Workers pp. 12-18 (PDF 930k)
by Nancy Jianakoplos

U.S. Productive Capacity: Estimating the Utilization Gap

Proceedings of the Second Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis.

Foreword (PDF 27k)

Potential Output: Recent Issues and Present Trends pp. 1-20 (PDF 853k)
by George L. Perry

Potential GNP in the United States, 1948-1980 pp. 21-66 (PDF 1.2M)
by Peter K. Clark

Potential Output and Its Growth Rate - The Dominance of Higher Energy Costs in the 1970s pp. 67-106 (PDF 1.7M)
by Robert H. Rasche and John A. Tatom

Will Bottlenecks Slow the Expansion? pp. 107-120 (PDF 518k)
by William D. Nordhaus

Short Term Projections of Manufacturing Capacity Utilization pp. 121-136 (PDF 611k)
by James F. Ragan, Jr.

Comments on Rasche and Tatom pp. 137-145 (PDF 377k)
by Frank De Leeuw

Issues Concerning the Definition, Measurement and Forecasting of Productive Capacity pp. 147-156 (PDF 403k)
by Laurence H. Meyer

U.S. Productive Capacity: A Comment pp. 157-165 (PDF 382k)
by Pham Chi Thanh


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