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Past Issues 2003

JANUARY/FEBRUARY 2003 Vol. 85, No. 2

Complete Issue (PDF 1.8M)

The Impact of Changes in FOMC Disclosure Practices on the Transparency of Monetary Policy: Are Markets and the FOMC Better "Synched"? pp. 1-10 (PDF 112k)
by William Poole and Robert H. Rasche

A Look Inside Two Central Banks: The European Central Bank and the Federal Reserve pp. 11-30 (PDF 1.4M)
by Patricia S. Pollard
Data (.txt)

Was Y2K Behind the Business Investment Boom and Bust? pp. 31-42 (PDF 137k)
by Kevin L. Kliesen
Data (.xls)

The Financial Condition of U.S. Banks: How Different Are Community Banks? pp. 43-56 (PDF 125k)
by R. Alton Gilbert and Gregory E. Sierra
Some of the data relating to this article can be found in Fred II under "Regional, including Employment and Banking Data" > "Condition of U.S. Banks". CAMELS data are confidential and cannot be distributed.

MARCH/APRIL 2003 Vol. 85, No. 2

Complete Issue (PDF 639k)

Darryl Francis and the Making of Monetary Policy, 1966-1975 pp. 1-12 (PDF 138k)
by R. W. Hafer and David C. Wheelock

NAFTA and the Geography of North American Trade pp. 13-26 (PDF 125k)
by Howard J. Wall
Data (.csv)
Program (.txt)

On the Pervasive Effects of Federal Reserve Settlement Regulations pp. 27-46 (PDF 171k)
by Ken B. Cyree, Mark D. Griffiths, and Drew B. Winters

Identifying Business Cycle Turning Points in Real Time pp. 47-61 (PDF 142k)
by Marcelle Chauvet and Jeremy M. Piger
Data (.txt)
Program (.gss)

MAY/JUNE 2003 Vol. 85, No. 3

Complete Issue (PDF 620k)

Housing in the Macroeconomy pp. 1-8 (PDF 79k)
by William Poole

Congestion at Airports: The Economics of Airport Expansions pp. 9-26 (PDF 184k)
by Jeffrey P. Cohen and Cletus C. Coughlin
Data (.txt)

FOMC Forecast: Is All the Information in the Central Tendency? pp. 27-46 (PDF 157k)
by William T. Gavin
Data and Programs (.xls)

Strategic Interaction in Tax Policies Among States pp. 47-56 (PDF 118k)
by Rubén Hernández-Murillo
Data and Programs (.zip)

JULY/AUGUST 2003 Vol. 85, No. 4

Finance and Real Economic Activity

Proceedings of the Twenty-Seventh Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

Complete Issue (PDF 1.7M)

Contributing Authors pp. 1-2 (PDF 27k)

Editor's Introduction pp. 3-6 (PDF 54k)
by R. Alton Gilbert

Monetary Policy and Financial Market Evolution pp. 7-26 (PDF 185k)
by Valerie R. Bencivenga and Bruce D. Smith

Commentary pp. 27-30 (PDF 40k)
by Franklin Allen
Commentary on "Monetary Policy and Financial Market Evolution"

More on Finance and Growth: More Finance, More Growth? pp. 31-46 (PDF 148k)
by Ross Levine

Commentary pp. 47-52 (PDF 67k)
by Luigi Zingales
Commentary on "More on Finance and Growth: More Finance, More Growth?"

Equity Market Liberalization in Emerging Markets pp. 53-74 (PDF 183k)
by Geert Bekaert, Campbell R. Harvey, and Christian T. Lundblad

Commentary pp. 75-80 (PDF 71k)
by Peter Blair Henry
Commentary on "Equity Market Liberalization in Emerging Markets"

Historical Perspectives on Financial Development and Economic Growth pp. 81-106 (PDF 296k)
by Peter L. Rousseau

Commentary pp. 107-110 (PDF 49k)
by Eugene N. White
Commentary on "Historical Perspectives on Financial Development and Economic Growth"

The Real Effects of U.S. Banking Deregulation pp. 111-128 (PDF 165k)
by Philip E. Strahan

Commentary pp. 129-134 (PDF 265k)
by David C. Wheelock
Commentary on "The Real Effects of U.S. Banking Deregulation"

Life-Cycle Dynamics in Industrial Sectors: The Role of Banking Market Structure pp. 135-148 (PDF 144k)
by Nicola Cetorelli

Commentary pp. 149-150 (PDF 37k)
by Raghuram G. Rajan
Commentary on "Life-Cycle Dynamics in Industrial Sectors: The Role of Banking Market Structure"

SEPTEMBER/OCTOBER 2003 Vol. 85, No. 5

Complete Issue (PDF 764k)

Institutions for Stable Prices: How To Design an Optimal Central Bank Law pp. 1-6 (PDF 206k)
by William Poole

How Banks Can Self-Monitor Their Lending To Comply with the Equal Credit Opportunity Act pp. 7-22 (PDF 453k)
by James H. Gilkeson, Drew B. Winters, and Peggy D. Dwyer
Data (.exe)
Program (.prg)

The 2001 Recession: How Was It Different and What Developments May Have Caused It? pp. 23-38 (PDF 572k)
by Kevin L. Kliesen
Data (.xls)

A Reconstruction of the Federal Reserve Bank of St. Louis Adjusted Monetary Base and Reserves pp. 39-70 (PDF 998k)
by Richard G. Anderson, Robert H. Rasche, and Jeffrey Loesel
Data and Programs (.xls)

NOVEMBER/DECEMBER 2003 Vol. 85, No. 6

Complete Issue (PDF 806k)

Fed Transparency: How, Not Whether pp. 1-8 (PDF 252k)
by William Poole

Burgernomics: A Big Mac™ Guide to Purchasing Power Parity pp. 9-28 (PDF 734k)
by Michael R. Pakko and Patricia S. Pollard
Data (.xls)
Program (.txt)

Banking Antitrust: Are the Assumptions Still Valid? pp. 29-52 (PDF 610k)
by R. Alton Gilbert and Adam M. Zaretsky
Information on Unpublished Manuscripts (.pdf)

The Use of Long-Run Restrictions for the Identification of Technology Shocks pp. 53-66 (PDF 687k)
by Neville Francis, Michael T. Owyang, and Athena T. Theodorou
Data and Programs (.xls)

Working Paper Series pp. 67 (PDF 202k)

Review Index 2003 pp. 75 (PDF 189k)

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