Recently added articles from Economic Quarterly - Federal Reserve Bank of Richmond:

On the Evolution of Income Inequality in the United States

Apr 01, 2008; Bryan, Kevin A; Martinez, Leonardo ... The recent rise in income inequality in the United States has received considerable attention in policy debates.1 This article discusses individual income inequality trends. In doing so, we summarize results presented in existing work. As in previous studies, the article shows that income ...

On the Sources of Movements in Inflation Expectations: A Few Insights from a VAR Model

Apr 01, 2008; Mehra, Yash P; Herrington, Christopher ... (ProQuest: ... denotes formula omitted.) The public's expectations of inflation play an important role in influencing actual inflation and the Federal Reserve's ability to achieve price stability. Hence, there is considerable interest in identifying the economic factors that determine ...

What is the Monetary Standard, Or, How Did the Volcker-Greenspan FOMCs Tame Inflation?

Apr 01, 2008; Hetzel, Robert L ... (ProQuest: ... denotes formula omitted.) What is the monetary standard? Another way to ask this question is to ask how central banks control the price level. In this article, I contrast two views. What I term the "quantity-theory" view implies that to control inflation (with the interest ...

Limits to Redistribution and Intertemporal Wedges: Implications of Pareto Optimality with Private Information

Apr 01, 2008; Grochulski, Borys ... (ProQuest: ... denotes formulae omitted.) Traditionally an object of interest in microeconomics, models with privately informed agents have recently been used to study numerous topics in macroeconomics.1 Characterization of Pareto-optimal allocations is an essential step in these ...