Results 1 - 20 of 20 for recession [Year: 2004]
Why No Business Loan Growth? - Economic Synopses
Although the most recent U.S. recession officially ended two-and-a-half years ago, in November 2001, the volume of commercial and industrial loans made by U.S. commercial banks has continued to fall. This protracted decline is similar to the pattern that followed the recession of 1990-91.
research.stlouisfed.org/.../publications/economic-synopses/2004/05/01/why-no-business-loan-growth
A Crude Crude Oil Calculation - Economic Synopses
Oil prices have a long and checkered history in U.S. and global macroeconomics, with some analysts going so far as to associate every postwar U.S. recession with sharp increases in oil prices. In this context, it is important to try to assess the impact of the present episode of higher crude oil prices.
research.stlouisfed.org/.../economic-synopses/2004/08/01/a-crude-crude-oil-calculation
U.S. Regional Business Cycles and the Natural Rate of Unemployment - Review
Unemployment: separate and unequal. Economic forecasters and policy advisors look closely at unemployment. The authors suggest that regional differences deserve a closer look when calculating the country's overall "natural" rate of unemployment.
research.stlouisfed.org/.../01/u-s-regional-business-cycles-and-the-natural-rate-of-unemployment
A Rational Pricing Explanation for the Failure of CAPM - Review
Many authors have found that the capital asset pricing model (CAPM) does not explain stock returns—possibly because it is only a special case of Merton's (1973) intertemporal CAPM under the assumption of constant investment opportunities (e.g., a constant expected equity premium). This article explains the progress that has been made by dropping the assumption that expected returns are constant.
research.stlouisfed.org/.../2004/05/01/a-rational-pricing-explanation-for-the-failure-of-capm
Best Guesses and Surprises - Review
This article was originally presented as a speech at the Charlotte Economics Club, Charlotte, North Carolina, February 25, 2004.
research.stlouisfed.org/publications/review/2004/05/01/best-guesses-and-surprises
The Federal Reserve Responds to Crises: September 11th Was Not the First - Review
This article examines the role the Fed has played in mitigating the financial impact of recent crises (including the 9/11 attacks).
Will Oil Prices Choke Growth? - Economic Synopses
Oil price hikes have often preceded global recessions in themodern era. Recently, oil prices have been rising again. One would hope thatregulatory and monetary policy responses to oil price changes have improvedsince the 1970s—so can dampen the effect of rising oil prices. However, ifsupplies from the Persian Gulf region were significantly disrupted, the worldprice of oil could quickly soar, with serious consequences for the globaleconomy.
research.stlouisfed.org/.../publications/economic-synopses/2004/07/02/will-oil-prices-choke-growth
A Perspective on U.S. International Capital Flows - Review
The author emphasize just how important international capital flows are to the United States. He sheds some light on trade issues by exploring the intimate connections between international trade and international capital flows.
research.stlouisfed.org/.../review/2004/01/01/a-perspective-on-u-s-international-capital-flows
Monetary Policy and Asset Prices: A Look Back at Past U.S. Stock Market Booms - Review
This article examines the economic environments in which past U.S. stock market booms occurred as a first step toward understanding how asset price booms come about and whether monetary policy should be used to defuse booms.
State Government Finances: World War II to the Current Crises - Review
This article examines the current state budget crises against the historical backdrop of past crises and states' evolving recipes for tax revenue.
research.stlouisfed.org/.../03/01/state-government-finances-world-war-ii-to-the-current-crises
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