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Past Issues 2008

JANUARY/FEBRUARY 2008 Vol. 90, No. 1

Complete Issue (PDF 1.2M)

Thinking Like a Central Banker pp. 1-8 (PDF 137k)
by William Poole

The Microfinance Revolution: An Overview pp. 9-30 (PDF 355k)
by Rajdeep Sengupta and Craig P. Aubuchon
Data (.xls)

A Primer on the Mortgage Market and Mortgage Finance pp. 31-46 (PDF 284k)
by Daniel J. McDonald and Daniel L. Thornton
Data (.xls)

Changing Trends in the Labor Force: A Survey pp. 47-62 (PDF 444k)
by Riccardo DiCecio, Kristie M. Engemann, Michael T. Owyang, and Christopher H. Wheeler
Program (.exe)
Program (.zip)
Data (.xls)

MARCH/APRIL 2008 Vol. 90, No. 2

Complete Issue (PDF 774k)

In Memoriam: Anatol “Ted” Balbach, 1927-2007 pp. 63-64 (PDF 93k)

Market Bailouts and the “Fed Put” pp. 65-74 (PDF 159k)
by William Poole

Pandemic Economics: The 1918 Influenza and Its Modern-Day Implications pp. 74-94 (PDF 195k)
by Thomas A. Garrett
Data (.xls)

Friedman and Taylor on Monetary Policy Rules: A Comparison pp. 95-116 (PDF 201k)
by Edward Nelson

A Primer on the Empirical Identification of Government Spending Shocks pp. 117-132 (PDF 368k)
by Kristie M. Engemann, Michael T. Owyang, and Sarah Zubairy
Program (.zip)
Program (.exe)
Data (.xls)

MAY/JUNE 2008 Vol. 90, No. 3, Part 1

Complete Issue (PDF 644k)

The Federal Response to Home Mortgage Distress: Lessons from the Great Depression pp. 133-148 (PDF 218k)
by David C. Wheelock
Data (.xls)

FOMC Consensus Forecasts pp. 149-164 (PDF 194k)
by William T. Gavin and Geetanjali Pande
Data (.xls)

Laffer Traps and Monetary Policy pp. 165-174 (PDF 171k)
by Patrick A. Pintus

Forecasting Inflation and Output: Comparing Data-Rich Models with Simple Rules pp. 175-192 (PDF 288k)
by William T. Gavin and Kevin L. Kliesen
Data (.xls)
Program (.zip)

MAY/JUNE 2008 Vol. 90, No. 3, Part 2

Complete Issue (PDF 653k)

Inertial Taylor Rules: The Benefit of Signaling Future Policy pp. 193-204 (PDF 119k)
by Charles T. Carlstrom and Timothy S. Fuerst

Core Inflation: A Review of Some Conceptual Issues pp. 205-228 (PDF 180k)
by Mark A. Wynne

Inflation Regimes and Inflation Expectations pp. 229-244 (PDF 191k)
by Joseph E. Gagnon

Inflation and the Size of Government pp. 245-268 (PDF 197k)
by Song Han and Casey B. Mulligan

JULY/AUGUST 2008 Vol. 90, No. 4

Monetary Policy Under Uncertainty

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

Complete Issue (PDF 2.4M)

Contributing Authors pp. iii-iv (PDF 31k)

Welcome pp. 269-270 (PDF 81k)
by Robert H. Rasche

Editor's Introduction pp. 271-274 (PDF 92k)
by Robert H. Rasche

Optimal Monetary Policy Under Uncertainty: A Markov Jump-Linear-Quadratic Approach pp. 275-294 (PDF 252k)
by Lars E.O. Svensson and Noah Williams

Commentary pp. 295-300 (PDF 301k)
by Timothy W. Cogley
Commentary on "Optimal Monetary Policy Under Uncertainty: A Markov Jump-Linear-Quadratic Approach"

Commentary pp. 301-306 (PDF 101k)
by Andrew T. Levin
Commentary on "Optimal Monetary Policy Under Uncertainty: A Markov Jump-Linear-Quadratic Approach"

Economic Projections and Rules of Thumb for Monetary Policy pp. 307-324 (PDF 220k)
by Athanasios Orphanides and Volker Wieland

Commentary pp. 325-330 (PDF 95k)
by Charles I. Plosser
Commentary on "Economic Projections and Rules of Thumb for Monetary Policy"

Commentary pp. 331-338 (PDF 134k)
by Patrick Minford
Commentary on "Economic Projections and Rules of Thumb for Monetary Policy"

House Prices and the Stance of Monetary Policy pp. 339-366 (PDF 359k)
by Marek Jarociński and Frank R. Smets

Commentary pp. 367-370 (PDF 112k)
by Robert G. King
Commentary on "House Prices and the Stance of Monetary Policy"

Commentary pp. 371-376 (PDF 129k)
by Stephen G. Cecchetti
Commentary on "House Prices and the Stance of Monetary Policy"

Assessing Monetary Policy Effects Using Daily Federal Funds Futures Contracts pp. 377-394 (PDF 241k)
by James D. Hamilton

Commentary pp. 395-398 (PDF 85k)
by K. Alec Chrystal
Commentary on "Assessing Monetary Policy Effects Using Daily Federal Funds Futures Contracts"

Commentary pp. 399-404 (PDF 132k)
by Kenneth N. Kuttner
Commentary on "Assessing Monetary Policy Effects Using Daily Federal Funds Futures Contracts"

Panel Discussion pp. 405-420 (PDF 158k)
by John B. Taylor, Ben S. Bernanke, and William Poole

Announcements and the Role of Policy Guidance pp. 421-442 (PDF 239k)
by Carl E. Walsh

Commentary pp. 443-446 (PDF 84k)
by Marvin Goodfriend
Commentary on "Announcements and the Role of Policy Guidance"

Rules-of-Thumb for Guiding Monetary Policy pp. 447-498 (PDF 851k)
by William Poole
This article was originally published in the Board of Governors of the Federal Reserve System Open Market Policies and Operating Procedures—Staff Studies, July 1971. It is reprinted here as an addendum to these conference proceedings.

SEPTEMBER/OCTOBER 2008 Vol. 90, No. 5

Complete Issue (PDF 611k)

Monetary Economic Research at the St. Louis Fed During Ted Balbach’s Tenure as Research Director pp. 499-504 (PDF 128k)
by Michael D. Bordo and Anna J. Schwartz

Oil and the U.S. Macroeconomy: An Update and a Simple Forecasting Exercise pp. 505-516 (PDF 173k)
by Kevin L. Kliesen
Program (.prg)
Data (.xls)

Banking Crisis Solutions Old and New pp. 517-530 (PDF 150k)
by Alistair Milne and Geoffrey E. Wood

The Credit Crunch of 2007-2008: A Discussion of the Background, Market Reactions, and Policy Responses pp. 531-568 (PDF 343k)
by Paul Mizen

NOVEMBER/DECEMBER 2008 Vol. 90, No. 6

Complete Issue (PDF 1.5M)

Changing the Rules: State Mortgage Foreclosure Moratoria During the Great Depression pp. 569-584 (PDF 768k)
by David C. Wheelock
Program (.txt)
Data (.xls)

Mortgage Innovation, Mortgage Choice, and Housing Decisions pp. 585-608 (PDF 281k)
by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf
Program (.zip)

Real Interest Rate Persistence: Evidence and Implications pp. 609-642 (PDF 391k)
by Christopher J. Neely and David E. Rapach
Data and Programs (.zip)

Drug Prices Under the Medicare Drug Discount Card Program pp. 643-666 (PDF 274k)
by Emin M. Dinlersoz, Rubén Hernández-Murillo, Han Li, and Roger Sherman
Please contact Rubén Hernández-Murillo for questions regarding the data and programs for this article. He can be reached at Ruben.Hernandez@stls.frb.org.

Review Index 2008 pp. 667-668 (PDF 97k)

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