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Past Issues 1980

JANUARY 1980

The Value-Added Tax—A Review of the Issues pp. 3-10 (PDF 885k)
by R. W. Hafer and Michael E. Trebing

The Demand for Currency: Is the Underground Economy Undermining Monetary Policy pp. 11-17 (PDF 687k)
by Norman N. Bowsher

FEBRUARY 1980

On the Costs and Benenfits of Anti-Inflation Policies pp. 3-14 (PDF 1002k)
by Laurence H. Meyer and Robert H. Rasche

Access to the Discount Window for All Commercial Banks: Is It Important for Monetary Policy? pp. 15-24 (PDF 1.1M)
by R. Alton Gilbert

The New Monetary Aggregates pp. 25-32 (PDF 1004k)
by R. W. Hafer

MARCH 1980

The FOMC in 1979: Introducing Reserve Targeting pp. 2-25 (PDF 3.1M)
by Richard W. Lang

The Dynamics and Estimation of Short-Run Money Demand pp. 26-35 (PDF 1.7M)
by R. W. Hafer and Scott E. Hein

APRIL 1980

The Formation of Inflation Expectations pp. 2-12 (PDF 1.3M)
by David H. Resler

Money, Inflation, and Economic Growth: Some Updated Reduced Form Results and Their Implications pp. 13-19 (PDF 844k)
by Keith M. Carlson

Stabilization Policies: Lessons from the '70s and Implications for the '80s

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

Foreword pp. i-ix (PDF 285k)
by Laurence H. Meyer

Section I: Stabilization Policies: Theoretical and Empirical Issues

Section I: Complete File (PDF 3.6M)

Recent Developments in the Theory of Stabilization Policy pp. 1-40 (PDF 3.6M)
by John B. Taylor

Empirical Evidence on the Effects of Stabilization Policy pp. 41-102 (PDF 2.4M)
by Laurence H. Meyer and Robert H. Rasche

Discussion of the Meyer-Rasche and Taylor Papers pp. 103-112 (PDF 726k)
by Neil Wallace

Discussion of the Taylor Paper pp. 113-126 (PDF 430k)
by Hyman Minsky

Section II: Stabilization Policies: Critique of the '70s and Preview of the '80s

Section II: Complete File (PDF 2.1M)

The Case for Gradualism in Policies to Reduce Inflation pp. 127-154 (PDF 2.1M)
by Allan H. Meltzer

Federal Budget Policies of the 1970s: Some Lessons fror the 1980s pp. 155-183 (PDF 1.3M)
by Michael E. Levy

Discussion of the Levy and Meltzer Papers pp. 184-194 (PDF 505k)
by William Poole

Discussion of the Levy and Meltzer Papers pp. 195-200 (PDF 187k)
by Albert E. Burger

Section III: Stabilization Policies: International Aspects

Section III: Complete File (PDF 3.1M)

Flexible Exchange Rates in the 1970s pp. 201-257 (PDF 3.1M)
by Jacob A. Frenkel

International Stabilization Policy Under Flexible Exchange Rates pp. 258-277 (PDF 1.6M)
by H. Robert Heller

Flexible Exchange Rates and Monetary Policy: A Discussion of the Frenkel and Heller Papers pp. 278-294 (PDF 1.1M)
by David Laidler

Floating Exchange Rates in the 1970s: A Discussion of the Heller Paper pp. 295-306 (PDF 621k)
by Geoffrey E. Wood

Luncheon Address

Monetary Policy for the 1980s pp. 307-315 (PDF 271k)
by Lawrence Roos

MAY 1980

An Inflation Generation pp. 3-6 (PDF 310k)
by Lawrence Roos

Lagged Reserve Requirements: Implications for Monetary Control and Bank Reserve Management pp. 7-20 (PDF 2.1M)
by R. Alton Gilbert

The "Middleman": A Major Source of Controversy in the Food Industry pp. 21-29 (PDF 1.4M)
by Clifton B. Luttrell

JUNE/JULY 1980

Eurodollars and the U.S. Monetary Supply pp. 2-12 (PDF 1.1M)
by Anatol Balbach and David H. Resler

Dynamic Forecasting and the Demand for Money pp. 13-23 (PDF 1.2M)
by Scott E. Hein

Financing Constraints and the Short-Run Response to Fiscal Policy pp. 24-31 (PDF 733k)
by Laurence H. Meyer

AUGUST/SEPTEMBER 1980

The Russian Gain Embargo: Dubious Success pp. 2-8 (PDF 980k)
by Clifton B. Luttrell

What Happened to the Economy in the First Half of 1980? pp. 9-15 (PDF 606k)
by Albert E. Burger

Rise and Fall of Interest Rates pp. 16-23 (PDF 621k)
by Norman N. Bowsher

OCTOBER 1980

The Lag From Money to Prices pp. 3-10 (PDF 1.3M)
by Keith M. Carlson

Our "Shrinking" Farmland: Mirage or Potential Crisis? pp. 11-18 (PDF 1.1M)
by Clifton B. Luttrell

NOVEMBER 1980

The "Rationality" of Survey-Based Inflation Forecasts pp. 3-11 (PDF 1.1M)
by R. W. Hafer and David H. Resler

Monetary Aggregates as Monetary Indicators pp. 12-21 (PDF 1.1M)
by Keith M. Carlson and Scott E. Hein

DECEMBER 1980

Revision of the St. Louis Federal Reserve pp. 3-10 (PDF 1.2M)
by R. Alton Gilbert

Issues in Measuring An Adjusted Monetary Base pp. 11-29 (PDF 2M)
by John A. Tatom

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