Business Economics articles from July 1991

Business Economics archives from July 1991

A quick look backward & forward, 1950-2000. (A Review of Federal Reserve Policy)
July 1, 1991... This paper sketches economic events and policies of the past four decades and ventures a forward glimpse at the 1990s. The Federal Reserve's role and performance receive special attention. The 1950s and early 1960s witnessed success in...

The road to zero inflation. (A Review of Federal Reserve Policy)
July 1, 1991... This article discusses whether a 4 to 5 percent inflation rate should be accepted or brought lower. Price stability cannot be achieved without some loss of employment and real output. Thus far the current Federal Reserve has expressed a belief...

Global economic integration and monetary policy. (A Review of Federal Reserve Policy)
July 1, 1991... A number of key forces have forged significant changes in the environment facing monetary policymakers. This changed environment must be taken into account in selecting appropriate policy tools as well as in actually formulating and...

Federal Reserve operating targets, past and present. (A Review of Federal Reserve Policy)
July 1, 1991... The Federal Reserve's choice of operating target has important consequences for its ability to control inflation and to counter episodes of financial instability. Historically, its practice of stabilizing the federal funds rate produced...

Detecting changes in Federal Reserve policy.
July 1, 1991... In early 1983 the Federal Reserve shifted to a "borrowed reserves operating procedure," replacing nonborrowed reserves as an operating target. The relative stability of the federal funds rate and the modus operandi under this procedure suggest...

International perspective: the globalization of Japanese corporations: investment in Europe.
July 1, 1991... Japanese companies have spread their operations outside their own country more than any other nation. In particular, foreign direct investment by Japanese companies has expanded and its traditional destination has shifted to Europe and North...

The business economist at work: the research department of the Federal Reserve Bank of Cleveland.
July 1, 1991... The principal responsibility of the research staffs of the Federal Reserve banks is to advise their respective presidents on economic policy issues and to gain support for appropriate policies in the business, academic and policymaking...

Practical economic forecasting for small regions.
July 1, 1991... 9 Forecasts of regional economic variables, such as income and employment, represent valuable information to businesses that serve regional markets and to government agencies that must implement programs at the county or regional level....

Statistics corner: issues for official statistical systems in democratic market societies.
July 1, 1991... Note: The Common Market countries have agreed to provide technical assistance to the Eastern and Central European countries, which are facing the challenge of transition from a planned economy to a market-based economy. In order to make this...

Lessons of Financial Liberalization in Asia: A Comparative Study.
July 1, 1991... EVEN A CASUAL observer of international finance in the past decade will have realized that rules of the game are changing before his eyes. While events connected with Japan and Europe have grabbed most of the headlines, the financial...

Agency Under Stress: The Social Security Administration in American Government.
July 1, 1991... THANKS TO experiences too numerous and painful to record, most Americans would agree with author Martha Derthick's assertion that "the institutions of American government function in ways that are not conducive to good administration." Her...

Analyzing Modern Business Cycles: Essays Honoring Geoffrey H. Moore.
July 1, 1991... IN SPITE OF our periodic proclivity to claim the end of the business cycle, economists continue to look for ways to understand and forecast cycle turning points. The 1960s and 1970s saw econometricians attempting to construct "scientific"...