NBER Reporter articles from March 1995

NBER Reporter archives from March 1995

Development of the American economy. (National Bureau of Economic Research's Program on the Development of the American Economy)(Program Report)
March 22, 1995... The NBER's Program on the Development of the American Economy (DAE) includes research on labor and population, industrial organization, financial and macroeconomic history, and political economy. Yet all of its members are engaged in the...

Rules for monetary policy.(Research Summaries)
March 22, 1995... In recent years, the economics profession's interest in rules for the conduct of monetary policy has dramatically increased. This has occurred as analysts and central bankers have sought to avoid the inflationary bias that is induced by...

An overview of monetary policy.(Research Summaries)
March 22, 1995... Two features unite much of our recent research. Most obviously, many of the papers deal in one way or another with monetary policy: we have examined both the effects of monetary policy and the mechanism by which monetary policy influences real...

Contrarian investment. (value stock investments)(Research Summaries)
March 22, 1995... For over 30 years, the efficient markets hypothesis (EMH) has remained the central proposition of financial economics. The EMH states that, as an empirical matter, prices at which securities trade in liquid financial markets are equal to their...

Historical economics: U.S. state and local government.(Research Summaries)
March 22, 1995... As Americans reconsider the relative sizes and roles of federal, state, and local government in the federal system, there is renewed interest in how the system functioned and changed in past decades. Twentieth-century trends are well documented....