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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 1987

Does U. S. Money Growth Determine Money Growth in Other Nations? pp. 5-14 (PDF 1.4M)
by Richard G. Sheehan

Tax Reform and Investment: How Big an Impact? pp. 15-27 (PDF 2.6M)
by Steven M. Fazzari


FEBRUARY 1987

The Dollar's Effective Exchange Rate: Assessing the Impact of Alternative Weighting Schemes pp. 5-14 (PDF 1.7M)
by Mack Ott

The FOMC in 1986: Flexible Policy for Uncertain Times pp. 15-29 (PDF 3.3M)
by Philip A. Nuetzel


MARCH 1987

Confronting Monetary Policy Dilemmas: The Legacy of Homer Jones pp. 5-8 (PDF 333k)
by Beryl M. Sprinkel

Predicting Interest Rates: A Comparison of Professional and Market- Based Forecasts pp. 9-15 (PDF 877k)
by Michael T. Belongia

Changes in Wealth and the Velocity of Money pp. 16-26 (PDF 1.4M)
by G.J. Santoni


APRIL 1987

A Review of the Eighth District's Agricultural Economy in 1986 pp. 5-15 (PDF 1.5M)
by Kenneth C. Carraro

A Review of the Eighth District's Banking Economy in 1986 pp. 16-21 (PDF 1.3M)
by Lynn M. Barry

A Review of the Eighth District's Business Economy in 1986 pp. 22-31 (PDF 2.1M)
by Thomas B. Mandelbaum


MAY 1987

Do the New Exchange Rate Indexes Offer Better Answers to Old Questions? pp. 5-17 (PDF 3M)
by Dallas S. Batten and Michael T. Belongia

Has Programmed Trading Made Stock Prices More Volatile? pp. 18-29 (PDF 3.1M)
by G.J. Santoni

Agricultural Banks: Causes of Failures and the Condition of Survivors pp. 30-37 (PDF 2.3M)
by Michael T. Belongia and R. Alton Gilbert


JUNE/JULY 1987

The Growing Share of Services in the U. S. Economy—Degeneration or Evolution? pp. 5-22 (PDF 5.9M)
by Mack Ott

Tax Reform and Investment: Blessing or Curse? pp. 23-33 (PDF 1.5M)
by Steven M. Fazzari

The Macroeconomic Effects of the Recent Fall in Oil Prices pp. 34-45 (PDF 1.6M)
by John A. Tatom


AUGUST/SEPTEMBER 1987

Solving the 1980s' Velocity Puzzle: A Progress Report pp. 5-23 (PDF 3M)
by Courtenay C. Stone and Daniel L. Thornton

A Revision in the Monetary Base pp. 24-29 (PDF 932k)
by R. Alton Gilbert


OCTOBER 1987

Farm Policy: Justifications, Failures and the Need for Reform pp. 5-12 (PDF 1.5M)
by Thomas Gale Moore

Changes in Financial Markets and Their Effects on Agriculture pp. 13-19 (PDF 689k)
by C. B. Baker

U.S. Farm Policy: An Australian Perspective pp. 20-31 (PDF 4.1M)
by Geoff Edwards


NOVEMBER 1987

Is Eighth District Manufacturing Endangered? pp. 5-15 (PDF 3M)
by Thomas B. Mandelbaum

The Great Bull Markets 1924-29 and 1982-87: Speculative Bubbles or Economic Fundamentals? pp. 16-30 (PDF 3.6M)
by G.J. Santoni


DECEMBER 1987

Risk Aversion, Efficient Markets, and the Foward Exchange Rate pp. 5-13 (PDF 1.3M)
by Kees Koedijk and Mack Ott

Federal Fiscal Policy Since the Employment Act of 1946 pp. 14-29 (PDF 3.6M)
by Keith M. Carlson


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