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Will the Removal of Regulation Q Raise Mortgage Interest Rates? - Review

This article presents a brief history of deposit interest rate ceilings in the United States and their effects. It then describes the process established by recent legislation for eliminating ceilings and its likely impact on the interest rates.

research.stlouisfed.org/.../12/01/will-the-removal-of-regulation-q-raise-mortgage-interest-rates

Discussion of the Hausman Paper, "Income and Payroll Tax Policy and Labor Supply" - Review

Jerry Hausman’s paper makes major contributions to both the labor supply and taxation literatures. His paper provides the most reliable labor supply estimates to date since he takes account of the nonlinear budget constraint created by federal and state income taxes. 

research.stlouisfed.org/.../

Income and Payroll Tax Policy and Labor Supply - Review

Jerry Hausman presents evidence on the effects of income and payroll taxes on labor supply. Hausman emphasizes that while supply-side economics has focused attention on the labor supply and revenue effects of changes on tax rates, the correct measure of the economic cost of taxation is the deadweight loss associated with taxation.

research.stlouisfed.org/.../review/1981/05/01/income-and-payroll-tax-policy-and-labor-supply

The Power of Negative Thinking: Government Regulation and Economic Performance - Review

Murray L. Weidenbaum warns that, at a time when the importance of tax incentives on economic activity is being debated, economists should not overlook the continually increasing array of government regulation that impairs economic activity.

research.stlouisfed.org/.../

The FOMC in 1980: A Year of Reserve Targeting - Review

On October 6, 1979, the Federal Reserve announced the beginning of a new approach to the implementation of monetary policy it would attempt to achieve better control of the growth of the monetary aggregates by “placing greater emphasis in day-to-day operations on the supply of hank reserves and less emphasis on confining short-term fluctuations in the federal funds rate.” 

research.stlouisfed.org/.../review/1981/08/01/the-fomc-in-1980-a-year-of-reserve-targeting

Transfers, Taxes and the NAIRU - Review

Daniel Hamermesh presents a detailed examination of the effects of individual tax and transfer programs on the unemployment rate (specifically, on the nonaccelerating inflation rate of unemployment, NAIRU), labor supply, and employment. He argues that this microeconomic approach, building up from a study of individual programs, is likely to be more reliable than an aggregate or macroeconomic approach that ignores the programs’ complexities.

research.stlouisfed.org/publications/review/1981/05/01/transfers-taxes-and-the-nairu

Tax Policy and Corporate Investment - Review

Lawrence Summers evaluates various arguments in support of policy measures to stimulate investment and then presents empirical evidence on the response of investment to an assortment of tax changes. He concludes that policies to encourage investment will result in only a small increase in the rate of economic growth over the next decade, that tax policies to stimulate investment are unlikely to moderate inflation, and that fears of insufficient capital accumulation as a source of unemployment are groundless.

research.stlouisfed.org/publications/review/1981/05/01/tax-policy-and-corporate-investment