Volume 32 (2000)

Number 1 (February 2000)

Articles

Junxi Zhang, "Inflation and Growth: Pecuniary Transactions Costs and Qualitative Equivalence," pp. 1-12

George Fernando-Ruiz, "Debt Buybacks. Debt Reduction. and Debt Rescheduling under Asymmetric Information," pp. 13-27

Michael T. Kiley, "Endogenous Price Stickiness and Business Cycle Persistence" [zip] pp. 28-53 (For more information see the read me file for this file archive.)

Paolo Angelini, "Are Banks Risk Averse? Intraday Timing of Operations in the Interbank Market," pp. 54-73

Jith Jayaratne and Donald P. Morgan, "Capital Market Frictions and Deposit Constraints at Banks," pp. 74-92

Rajesh K. Aggarwal and Tarik Yousef, "Islamic Banks and Investment Financing" [zip] pp. 93-120 (there is no read me file for this file archive)

Ruby P. Kishan and Timothy P. Opiela, "Bank Size. Bank Capital. and the Bank Lending Channel," pp. 121-141

Notes, Comments, Replies

Kevin Dowd, "Using Futures Prices to Control Inflation: Reply to Garrison and White," pp. 142-145

Scott Sumner, "Is Nonprice Competition in Currency Inefficient?" pp. 146-149

Lawrence H. White and Donald J. Boudreaux "Is Nonprice Competition in Currency Inefficient? A Reply to Sumner," pp.150-153

Erratum

Woon Gyu Choi "Asymmetric Monetary Effects on Interest Rates across Monetary Policy Stances," pp. 154

 

Number 2 (May 2000)

Articles

Daniel L. Thornton, "Lifting the Veil of Secrecy from Monetary Policy: Evidence from the Fed's Early Discount Rate Policy" [zip] pp. 155-167 (there is no read me file for this file archive)

Aleksander Berentsen, "Money Inventories in Search Equilibrium," pp. 168-178

Ka-fu Wong, "Variability in the Effects of Monetary Policy on Economic Activity" [zip] pp. 179-198 (For more information see the read me file for this file archive.)

Tommy Berger, Peter Englund, Patric H. Hendershott, and Bengt Turner, "The Capitalization of Interest Subsidies: Evidence from Sweden," pp. 199-217

Sylvester C.W. Eijffinger; Marco Hoeberichts. and Eric Schaling, "Why Money Talks and Wealth Whispers: Monetary Uncertainty and Mystique," pp. 218-235

Mark Crosby and Glenn Otto, "Inflation and the Capital Stock," pp. 236-253

Allan D. Brunner, "On the Derivation on Monetary Policy Shocks: Should We Throw the VAR Out with the Bath Water?" [zip] pp. 254-279 (For more information see the read me file for this file archive.)

Notes, Comments, Replies

Kirill A. Sossounov, "Analyzing Indeterminacies in a Real Business Cycle Model with Money: A Comment," pp. 280-291

Roger E.A. Farmer, "Reply to Sossounov," pp. 292-293

 

Number 3, Part 1 (August 2000)

Money, Credit, and Banking Lecture

Bengt Holmström and Jean Tirole, "Liquidity and Risk Management," pp. 295-319

Articles

Tony Caporale and Kevin B. Grier, "Political Regime Change and the Real Interest Rate" [zip] pp. 320-334(For more information see the read me file for this file archive.)

Victor E. Li, " Household Credit and the Monetary Transmission Mechanism," pp. 335-356

John M. Barron and Neven T. Valev, "International Lending by U.S. Banks," pp. 357-381

Michael R. Pakko, "The Cyclical Relationship between Output and Prices: An Analysis in the Frequency Domain" [zip] pp. 382-399 (For more information see the read me file for this file archive.)

Mary G. Finn, "Perfect Competition and the Effects of Energy Price Increases on Economic Activity," pp. 400-416

Peter N. Ireland, "Interest Rates, Inflation, and Federal Reserve Policy since 1980" [zip] pp. 417-434 (For more information see the read me file for this file archive.)

John S. Lapp and Douglas K. Pearce, "Does a Bias in FOMC Policy  Directives Help Predict Inter-Meeting Policy Changes?" pp. 435-441 (For more information see the read me file for this file archive.)

Erratum

Paolo Angelini, "Are Banks Risk Averse? Erratum," pp. 442

Number 3, Part 2 (August 2000-- "What Should Central Banks Do?" A conference at the Federal Reserve Bank of Cleveland, Cleveland, OH)

What Should Central Banks Do? A Conference Sponsored by the Federal Reserve Bank of Cleveland, October 27-29, 2000

Joseph G. Haubrich, Special Issue Editor

Mark S. Sniderman, Opening Remarks, pp. 443-444

Joseph G. Haubrich and James B. Thomson, Introduction, pp. 445-449

Berry Wilson, Anthony Saunders, and Gerard Caprio, Jr., "Financial Fragility and Mexico's 1994 Peso Crisis: An Event-Window Analysis of Market-Valuation Effects," pp. 450-468 

Comment by Maria Soledad Martinez Peria, pp. 469-473

Jenny Corbett and Janet Mitchell, "Banking Crises and Bank Rescues: The Effect of Reputation," pp. 474-512 

Comment by Andrew Winton, pp. 513-517

Christopher Sleet and Bruce D. Smith, "Deposit Insurance and Lender-of-Last-Resort Functions," pp. 518-575 

Comment by Ed Stevens, pp. 576-579

Rafael Repullo, "Who Should Act as Lender of Last Resort? An Incomplete Contracts Model," pp. 580-605 

Comment by Patrick Bolton pp. 606-610

Xavier Freixas, Bruno M. Parigi. and Jean-Charles Rochet, "Systemic Risk, Interbank Relations, and Liquidity Provision by the Central Bank," pp. 611-638 

Comment by Arvind Krishnamurthy, pp. 639-640

Allen N. Berger, Sally M. Davies, and Mark J. Flannery, "Comparing Market and Supervisory Assessments of Bank Performance: Who Knows What When?" pp. 641-667 

Comment by John Boyd, pp. 668-670

Edward J. Kane, "Incentives for Banking Megamergers: What Motives Might Regulators Infer from Event-Study Evidence?" pp. 671-701 

Comment by George G. Pennacchi pp. 702

 

Number 4, Part 1 (November 2000)

Articles

Antulio N. Bomfim and Glenn D. Rudebusch, "Opportunistic and Deliberate Disinflation under Imperfect Credibility," pp. 707-721

Caroline Betts and Michael B. Devereux, "International Monetary Policy Coordination and Competitive Depreciation: A Reevaluation," pp. 722-745

Miquel Faig, "The Optimal Structure of Liquidity Provided by a Self-Financed Central Bank," pp. 746-765

Joseph G. Haubrich and Joseph A. Ritter, "Dynamic Commitment and Incomplete Policy Rules," pp. 766-784

Pavle Petrovic and Zorica Mladenovic, "Money Demand and Exchange Rate Determination under Hyperinflation: Conceptual Issues and Evidence from Yugoslavia" [zip] pp. 785-806 (there is no read me file for this file archive)

Harold J. Brumm, "Inflation and Central Bank Independence: Conventional Wisdom Redux," pp. 807-819

John V. Duca, "Financial Technology Shocks and the Case of the Missing M2" [zip] pp. 820-839 (For more information see the read me file for this file archive.)

Annual Index

Number 4, Part 2 (November 2000-- "Monetary Policy in a Low-Inflation Environment," A Conference Sponsored by the Federal Reserve Banks of Boston, New York, Cleveland, Richmond, Atlanta, St. Louis, and Minneapolis, and the Board of Governors of the Federal Reserve System)

Monetary Policy in a Low-Inflation Environment: A Conference Sponsored by the Federal Reserve Banks of Boston, Cleveland, Richmond, Atlanta, St. Louis, and Minneapolis, and the Board of Governors of the Federal Reserve System, October 18-20, 1999

Jeffrey C. Fuhrer and Mark S. Sniderman, Special Issue Editors

Jeffrey C. Fuhrer and Mark Sniderman, Conference Summary, pp. 845-869

Bennett T. McCallum, "Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates, " pp. 870-904 Comment by Lawrence J. Christiano, 905-930

Comment by Neil Wallace, 931-935

David Reifschneider and John C. Williams, "Three Lessons for Monetary Policy in a Low-Inflation Era,"pp. 936-966 

Comment by Christopher, A. Sims pp. 967-972

Comment by Neil Wallace, pp. 973-978

J. Bradford DeLong, "America's Historical Experience with Low Inflation," pp. 979-993 

Comment by Ben S. Barnake, pp. 994-997

Comment by William B. English 998

Marvin Goodfriend, "Overcoming the Zero Bound on Interest Rate Policy," pp. 1007-1035

Comment by Ralph C. Bryant, pp. 1036-1050

Comment by Charles Freedman, pp. 1051-1057

Anthony Saunders, "Low Inflation: The Behavior of Financial Markets and Institutions," pp. 1058-1087

Comment by John Y. Campbell, pp. 1088-1092

Summary: Policy Panel

Alan S. Blinder, "Monetary Policy at the Zero Lower Bound: Balancing the Risks," pp. 1093-1099

Michael Mussa, "Reflections on Monetary Policy of Low Inflation," pp. 1100-1106

Kazuo Ueda, "Japan's Experience with Zero Interest Rates," pp. 1107-1109

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