Recently added articles from Federal Reserve Bank of St. Louis Review:

In memoriam: Anatol "Ted" Balbach, 1927-2007.(Obituary)

Mar 01, 2008 ... Anatol "Ted" Balbach, who served as director of research at the Federal Reserve Bank of St. Louis between 1975 and 1992, died in St. Louis on December 1, 2007. Bank president William Poole came to know Ted and his wife, Rae, during the 1970s: "Ted continued and strengthened the ...

Market bailouts and the "Fed put".

Mar 01, 2008; Poole, William ... This article was originally presented as a speech at the Cato Institute, Washington, D.C., November 30, 2007. Federal Reserve Bank of St. Louis Review, March/April 2008, 90(2), pp. 65-73. ********** Federal Reserve policy actions starting this past August ...

Pandemic economics: the 1918 influenza and its modern-day implications.

Mar 01, 2008; Garrett, Thomas A. ... Many predictions of the economic and social costs of a modern-day pandemic are based on the effects of the influenza pandemic of 1918. Despite killing 675,000 people in the United States and 40 million worldwide, the influenza of 1918 has been nearly forgotten. The purpose of this paper is ...

Friedman and Taylor on monetary policy rules: a comparison.

Mar 01, 2008; Nelson, Edward ... The names Milton Friedman and John Taylor are associated with different monetary policy rules; but, as shown in this paper, the difference between their perceptions of how the economy works is not great. The monetary policy rules advanced by Taylor and Friedman are compared by linking the ...

A primer on the empirical identification of government spending shocks.

Mar 01, 2008; Engemann, Kristie M. ... The empirical literature on the effects of government spending shocks lacks unanimity about the responses of consumption and wages. Proponents of shocks identified by structural vector auto-regressions (VARs) find results consistent with New Keynesian models: consumption and wages ...