Results 1 - 18 of 18 for Federal Funds Rate [Author: John A. Tatom]
John A. Tatom explains the links between the variability of money growth and the variability of interest rates and between the latter and economic performance. Tatom describes the theoretical channels through which an increase in risk affects the economy, including how it reduces both the demand for and the supply of current goods and services.
The author examines whether the 1981 federal tax rate reductions have reduced the federal tax burden. Comparing federal tax burdens in 1980 and 1984, he concludes that federal tax burdens were greater in 1984 for most American families.
Automatic Transfers and the Money Supply Process - Review
Since November 1, 1978, commercial banks have been permitted to offer a new type of individual savings account from which funds are transferred automatically into a checking account. This automatic transfer service (ATS) enables individual customers to earn interest on funds which previously would have been held in their checking accounts. The use of these new ATS accounts affects the payments system and the money supply process.
research.stlouisfed.org/.../review/1979/02/02/automatic-transfers-and-the-money-supply-process
Inflation and Taxes: Disincentives for Capital Formation - Review
One of the disappointing features of the current expansion has been the sluggish growth of business investment spending. Businesses appear to be more reluctant to make outlays for purchases of new plant and equipment than was the case in previous periods of economic growth. Since the beginning of the current expansion in early 1975, investment expenditures have grown at a 9.4 percent annual rate, compared to an average 11.8 percent rate for comparable periods in the four previous recoveries.
research.stlouisfed.org/.../1978/01/01/inflation-and-taxes-disincentives-for-capital-formation
The Productivity Problem - Review
The American economy has been plagued by numerous economic problems during the seventies. Of particular importance, of course, are the relatively high inflation and unemployment rates, the changing and growing influence of government in individual lives, and problems associated with the dramatic rise in energy prices.
research.stlouisfed.org/publications/review/1979/09/01/the-productivity-problem
Is an Infrastructure Crisis Lowering the Nation's Productivity? - Review
Has the United States allowed its public infrastructure to decline? More importantly, has such a decline lowered the nation’s productivity? John A. Tatom describes and evaluates the currently popular view that the answer to these questions is yes. Supporters of this view advocate sharp increases in federal government spending on infrastructure, with the expectation of a boost in the productivity of the nation’s business sector.
research.stlouisfed.org/.../11/01/is-an-infrastructure-crisis-lowering-the-nations-productivity/
The P-Star Model in Five Small Economies - Review
A nation’s exchange rate regime affects the link between its monetary aggregates and its general level of prices, according to Clemens J.M. Kool and John A. Tatom. They explain an empirical specification of a quantity theory of money called the P-star model, which indicates that a country's price level depends principally on its own money stock.
research.stlouisfed.org/.../review/1994/05/01/the-p-star-model-in-five-small-economies
Recent Financial Innovations: Have They Distorted the Meaning of M1? - Review
This article examines the effect of the 1981 shift to negotiable order of withdrawal (NOW) accounts on the monetary aggregates and its implications. The experience with the introduction of automatic transfer services (ATS) accounts is also reviewed, since some of the issues raised by shifts to NOW accounts applied to ATS.
research.stlouisfed.org/.../01/recent-financial-innovations-have-they-distorted-the-meaning-of-m1
Money Market Deposit Accounts, Super-NOWs and Monetary Policy - Review
John A. Tatom examines the effects of newly authorized money market deposit accounts and super-NOW accounts on monetary aggregate measures and monetary policy. He describes the conventional view that these new accounts have distorted M1 and its interpretation while leaving M2 and its policy usefulness virtually unaffected.
research.stlouisfed.org/.../03/01/money-market-deposit-accounts-super-nows-and-monetary-policy/
The Recent Credit Crunch: The Neglected Dimensions - Review
Kevin L. Kliesen and John A. Tatom take a historical view of credit crunches and their relevance to the nation’s cyclical performance. They explain the origins of the credit crunch concept and point to the consistent misapplication of the concept to cyclical credit market developments.
research.stlouisfed.org/.../review/1992/09/01/the-recent-credit-crunch-the-neglected-dimensions
FILTER PUBLICATION
Review 18 items
FILTER AUTHOR
John A. Tatom 18 items
Clemens J.M. Kool 1 items
James E. Turley 1 items
Kevin L. Kliesen 1 items
Richard W. Lang 1 items
FILTER COLLECTION
publications 18 items
follow @stlouisfed