Federal Reserve Bank of St. Louis Review
A quarterly research journal intended for an economically informed but broad readershipfrom the undergraduate student to the PhD. In print and online.
SECOND QUARTER 2014 Vol. 96, No. 2
Monetary Policy in the United States: A Brave New World?
This article is a reflection on monetary policy in the United States during Ben Bernanke’s two terms as Chairman of the Federal Open Market Committee, from 2006 to 2014. Inflation targeting, policy during the financial crisis, and post-crisis monetary policy (forward guidance and quantitative easing) are discussed and evaluated.
The 2009 Recovery Act: Directly Created and Saved Jobs Were Primarily in Government
Over one-half of the fiscal spending component of the American Recovery and Reinvestment Act (ARRA; i.e., the Recovery Act) was allocated via grants, loans, and contracts. Businesses, nonprofits, and nonfederal government agencies that received this type of stimulus funding were required to report the number of jobs directly created and saved as a result of their funding.
Representative Neighborhoods of the United States
Many metropolitan areas in the United States display substantial racial segregation and substantial variation in incomes and house prices across neighborhoods. To what extent can this variation be summarized by a small number of representative (or synthetic) neighborhoods?
Factor-Based Prediction of Industry-Wide Bank Stress
This article investigates the use of factor-based methods for predicting industry-wide bank stress. Specifically, using the variables detailed in the Federal Reserve Board of Governors’ bank stress scenarios, the authors construct a small collection of distinct factors.
Special Centennial Section
FRED®, the St. Louis Fed’s Force of Data
No history of the St. Louis Fed would be complete without a chapter on its leadership in providing economic data for the public. Today, this long-standing commitment to data service is encapsulated in one name: FRED®.
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