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Past Issues 1996

JANUARY/FEBRUARY 1996 Vol. 78, No. 1

For Here or To Go? Purchasing Power Parity and the Big Mac pp. 3-22 (PDF 208k)
by Michael R. Pakko and Patricia S. Pollard
Program (.wk4)
Data (.dat)

Are Some Banks Too Agricultural? pp. 23-36 (PDF 163k)
by Kevin L. Kliesen and R. Alton Gilbert
Program (.prg)
Data used in this article are confidential.

The Tax Man Cometh: Consumer Spending and Tax Payments pp. 37-44 (PDF 101k)
by Peter S. Yoo
Data (.dat)

Are Federal Funds Rate Changes Consistent with Price Stability? Results from an Indicator Model pp. 45-51 (PDF 176k)
by Michael J. Dueker and Andreas M. Fischer
Data and Programs (.zip)
Data and Programs (.exe)

MARCH/APRIL 1996 Vol. 78, No. 2

A Revised Measure of the St. Louis Adjusted Monetary Base pp. 3-14 (PDF 380k)
by Richard G. Anderson and Robert H. Rasche
Data and Programs (.exe)
Data and Programs (.zip)

Opening Pandora's Box: The Measure of Average Wages pp. 15-22 (PDF 270k)
by Joseph Ritter
Data (.exe)
Data (.zip)

The Costs and Benefits of Price Stability: An Assessment of Howitt's Rule pp. 23-38 (PDF 574k)
by Daniel L. Thornton
Data and Programs (.exe)
Data and Programs (.zip)

MAY/JUNE 1996 Vol. 78, No. 3

Price Stability and Economic Growth

Proceedings of the Twentieth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis, October 26-27, 1995

President's Message pp. 1-2 (PDF 31k)

Editor's Introduction pp. 3-6 (PDF 244k)

Inflation, Financial Markets, and Capital Formation pp. 9-35 (PDF 7.2M)
by Sangmok Choi, Bruce D. Smith, and John H. Boyd

Commentary pp. 36-37 (PDF 129k)
by Pamela Labadie
Commentary on "Inflation, Financial Markets, and Capital Formation"

Commentary pp. 38-40 (PDF 131k)
by Satyajit Chatterjee
Commentary on "Inflation, Financial Markets, and Capital Formation"

Inflation, Growth, and Financial Intermediation pp. 41-58 (PDF 769k)
by V.V. Chari, Larry E. Jones, and Rodolfo E. Manuelli

Commentary pp. 59-61 (PDF 113k)
by Gary D. Hansen
Commentary on "Inflation, Growth, and Financial Intermediation"

Commentary pp. 62-64 (PDF 298k)
by Alan C. Stockman
Commentary on "Inflation, Growth, and Financial Intermediation"

Discretion, Rules and Volatility pp. 65-74 (PDF 359k)
by Costas Azariadis and Vincenzo Galasso

Commentary pp. 75-79 (PDF 161k)
by Robert A. Becker
Commentary on "Discretion, Rules and Volatility"

Commentary pp. 80-82 (PDF 93k)
by Russell Cooper
Commentary on "Discretion, Rules and Volatility"

Inflation Targeting in a St. Louis Model of the 21st Century pp. 83-107 (PDF 1M)
by Robert G. King and Alexander L. Wolman

Commentary pp. 108-111 (PDF 153k)
by Julio J. Rotemberg
Commentary on "Inflation Targeting in a St. Louis Model of the 21st Century"

Commentary pp. 112-117 (PDF 127k)
by Edward C. Prescott
Commentary on "Inflation Targeting in a St. Louis Model of the 21st Century"

Search—Theoretic Models of International Currency pp. 117-132 (PDF 723k)
by Alberto Trejos and Randall Wright

Commentary pp. 133-135 (PDF 96k)
by Joseph Ritter
Commentary on "Search—Theoretic Models of International Currency"

Commentary pp. 136-138 (PDF 99k)
by Neil Wallace
Commentary on "Search—Theoretic Models of International Currency"

Inflation and Growth: In Search of a Stable Relationship pp. 139-146 (PDF 245k)
by Michael Bruno and William Easterly

Commentary pp. 147-149 (PDF 330k)
by Jon Faust
Commentary on "Inflation and Growth: In Search of a Stable Relationship"

Commentary pp. 150-152 (PDF 73k)
by Kenneth D. West
Commentary on "Inflation and Growth: In Search of a Stable Relationship"

Inflation and Growth pp. 153-169 (PDF 561k)
by Robert J. Barro

Commentary pp. 170-172 (PDF 109k)
by Narayana Kocherlakota
Commentary on "Inflation and Growth"

Commentary pp. 173-178 (PDF 199k)
by Christopher A. Sims
Commentary on "Inflation and Growth"

JULY/AUGUST 1996 Vol. 78, No. 5

A Question of Measurement: Is the Dollar Rising or Falling? pp. 3-18 (PDF 403k)
by Cletus C. Coughlin and Patricia S. Pollard
Data (.wk4)

Monetary Policy and Financial Market Expectations: What Did They Know and When Did They Know It? pp. 19-32 (PDF 264k)
by Michael R. Pakko and David C. Wheelock
Data (.wk4)

The Giant Sucking Sound: Did NAFTA Devour the Mexican Peso? pp. 33-48 (PDF 278k)
by Christopher J. Neely
Data (.dat)

Nominal Stylized Facts of U.S. Business Cycles pp. 49-54 (PDF 170k)
by Apostolos Serletis and David Krause
Data and Programs (.exe)
Data and Programs (.zip)

SEPTEMBER/OCTOBER 1996 Vol. 78, No. 5

Clearing and Settlement of U.S. Dollar Payments: Back to the Future? pp. 3-28 (PDF 375k)
by Bruce Summers and R. Alton Gilbert

The FOMC in 1995: A Step Closer to Inflation Targeting? pp. 29-48 (PDF 400k)
by William T. Gavin
Data (.dat)

Price Stability and the Efficiency of the Retail Payments System pp. 49-68 (PDF 356k)
by William R. Emmons
Data (.dat)

Are Prices Countercyclical? Evidence from East Asian Countries pp. 69-82 (PDF 334k)
by Yang-Woo Kim
Data and Programs (.dpg)

NOVEMBER/DECEMBER 1996 Vol. 78, No. 6

The Revised St. Louis Adjusted Monetary Base: New Measures in Old Theories

Proceedings of a Symposium held at the Federal Reserve Bank of St. Louis, March 29, 1996

President's Message pp. 1-2 (PDF 28k)

Measuring the Adjusted Monetary Base in an Era of Financial Change pp. 3-37 (PDF 909k)
by Richard G. Anderson and Robert H. Rasche
Data (.dat)

Commentary pp. 38-44 (PDF 105k)
by Edward J. Stevens
Commentary on "Measuring the Adjusted Monetary Base in an Era of Financial Change"

Commentary pp. 45-49 (PDF 70k)
by Donald L. Kohn
Commentary on "Measuring the Adjusted Monetary Base in an Era of Financial Change"

The Sensitivity of Empirical Studies to Alternative Measures of the Monetary Base and Reserves
by Michael J. Dueker and Apostolos Serletis
Data (.dat)
Program (.prg)

Commentary pp. 70-72 (PDF 49k)
by Ben S. Bernanke
Commentary on "The Sensitivity of Empirical Studies to Alternative Measures of the Monetary Base and Reserves"

Commentary pp. 73-75 (PDF 56k)
by Bennett T. McCallum
Commentary on "The Sensitivity of Empirical Studies to Alternative Measures of the Monetary Base and Reserves"

Does the Fed's New Policy of Immediate Disclosure Affect the Market? pp. 77-88 (PDF 258k)
by Daniel L. Thornton
Data (.dat)
Program (.prg)

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