Volume 34 (2002)

Number 1 (February 2002)

Articles

Barry Eichengreen, "When to Dollarize," pp. 1-24

Paolo Pesenti and Eric van Wincoop, "Can Nontradables Generate Substantial Home Bias?" pp. 25-50

David A. Peel and Mark P. Taylor, "Covered Interest Rate Arbitrage in the Interwar Period and theKeynes-Einzig Conjecture," pp. 51-75

Patrick J. Coe, "Financial Crisis and the Great Depression: A Regime-Switching Approach" [zip] pp. 76-93 (For more information see the read me file for this file archive.)

Timothy Cogley, "A Simple Adaptive Measure of Core Inflation," pp. 94-113

Nathan S. Balke and D'Ann Petersen, "How Well Does the Beige Book Reflect Economic Activity? Evaluating Qualitative Information Quantitatively," pp. 114-136

Leonardo Bartolini, Giuseppe Bertola, and Alessandro Prati, "Day-to-Day Monetary Policy and the Volatility of the Federal Funds Rate," pp. 137-159

Philip Schellekens, "Caution and Conservatism in the Making of Monetary Policy," pp. 160-177

Estaban Jadresic, "Wage Indexation and Output Stability Revisited," pp. 178-196

Daniel Levy, Shantanu Dutta, and Mark Bergen, "Heterogeneity in Price Rigidity: Evidence from a Case Study Using Microlevel Data," pp. 197-220

Robert Lensink and Elmer Sterken, "The Option to Wait to Invest and Equilibrium Credit Rationing," pp. 221-225

Jeffrey H. Nilsen, "Trade Credit and the Bank Lending Channel," pp. 226-253

Rudi Vander Vennet, Cost and Profit Efficiency of Financial Conglomerates and Universal Banks in Europe," pp. 254-282

 

Number 2 (May 2002)

Articles

Michael T. Kiley, "Partial Adjustment and Staggered Price Setting," pp. 283-298

Oz Shy and Juha Tarkka, "The Market for Electronic Cash Cards," pp. 299-314

Luigi Guiso and Tullio Jappelli, "Private Transfers, Borrowing Constraints, and Timing of Homeownership," pp. 315-339

James D. Hamilton and Dong Heon Kim, "A Reexamination of the Predictability of Economic Activity Using the Yield Spread" [zip] pp. 340-360 (For more information see the read me file for this file archive.)

Franklin G. Mixon, Jr., and M. Troy Gibson, "The Timing of Partisan and Nonpartisan Appointments to the Central Bank: Some New Evidence," pp. 361-375

Ryuzo Miyao, "The Effects of Monetary Policy in Japan," pp. 376-392

Carlos D. Ramirez, "Did Banks' Security Affiliates Add Value? Evidence from the Commercial Banking Industry during the 1920s," pp. 393-411

John S. Shea, "Complementarities and Comovements," pp. 412-433

Demosthenes N. Tambakis, "Expected Social Welfare under a Convex Phillips Curve and Asymmetric Policy Preferences," pp. 434-449

Jonathan Temple, "Openness, Inflation, and the Phillips Curve: A Puzzle," pp. 450-468

Eric Van Tassel, "Signal Jamming in New Credit Markets," pp. 469-490

Marc R. Flandreau, "'Water Seeks a Level': Modeling Bimetallic Exchange Rates and the Bimetallic Band" [zip] pp. 491-519 (For more information see the read me file for this file archive.)

Jon Faust and Lars E. 0. Svensson, "The Equilibrium Degree of Transparency and Control in Monetary Policy," pp. 520-539

Mark A. Hooker, "Are Oil Shocks Inflationary? Asymmetric and Nonlinear Specifications versus Changes in Regime," pp. 540-561

 

Number 3, Part 1 (August 2002)

Articles

Sabastien Lotz and Guillaume Rocheteau, "On the Launching of a New Currency," pp. 563-588

Thomas Lux and Didier Sornette, "On Rational Bubbles and Fat Tails," pp. 589-610

Harald Hau, "Real Exchange Rate Volatility and Economic Openness: Theory and Evidence," pp. 611-630

Joshua Aizenman and Nancy Marion, "Reserve Uncertainty and the Supply of International Credit" [zip] 631 (For more information see the read me file for this file archive.)

Bartholomew Moore and Huntley Schaller, "Persistent and Transitory Shocks, Learning, and Investment Dynamics," pp. 650-677

Ronald A. Ratti, "On Optimal Contracts for Central Bankers and Inflation and Exchange-Rate-Targeting Regimes," pp. 678-685

Robert Sollis, Stephen Leyboume, and Paul Newbold, "Tests for Symmetric and Asymmetric Nonlinear Mean Reversion in Real Exchange Rates," pp. 686-700

 

Number 3, Part 2 (August 2002)

Declining Treasury Debt A Conference Sponsored by the Federal Reserve Bank of Cleveland October 24-26, 2001

Joseph G. Haubrich, Special Issue Editor

Joseph G. Haubrich and James B. Thomson, Introduction, pp. 701-706

Michael J. Fleming, "Are Larger Treasury Issues More Liquid? Evidence from Bill Reopenings," pp. 707-735

Comment by Narasimhan Jegadeesh, pp. 736-739

Leslie Boni and J. Chris Leach, "Supply Contraction and Trading Protocol: An Examination of Recent Changes in the U.S. Treasury Market," pp 740-762

Comment by Sugato Chakravarty pp. 763-766

Sam Thomas, "The Saga of the First Stock Index Futures Contract: Benchmarks, Models, and Learning," pp. 767-808

Comment by Ed Stevens pp. 809-811

Brent W. Ambrose and Tao-Hsien Dolly King, "GSE Debt and the Decline in the Treasury Debt Market,"pp 812-839

Comment by Toni Gravelle, pp. 840-847

Stacey L. Schreft and Bruce D. Smith, "The Conduct of Monetary Policy with a Shrinking Stock of Government Debt," pp. 848-882

Comment by Athanasios Olphanides, pp. 883-886

Henning Bohn, "Government Asset and Liability Management in an Era of Vanishing Public Debt," pp. 887-933

Comment by Jagadeesh Gokhale pp. 934-940

Panel Discussion: Implications of Declining Treasury Debt

Donald L. Kohn, "What Should the Federal Reserve Do as Treasury Debt Is Repaid?" pp. 941-945

J. Alfred Broaddus, Jr., and Marvin Goodfriend, "Federal Reserve Asset Acquisition: A Proposal," pp. 946-951

Robert Neil McCauley, "International Market Implications of Declining Treasury Debt," pp. 952-966

 

Number 4 (November 2002)

James M. Nason and John H. Rogers, "Investment and the Current Account in the Short Run and the Long Run," pp. 967-986

Jeffrey A. Clark and Thomas F. Stems, "X-Efficiency in Banking: Looking beyond the Balance Sheet,"pp. 987-1013

Yuichi Fukuta and Makoto Saito, "Forward Discount Puzzle and Liquidity Effects: Some Evidence from Exchange Rates among the United States, Canada, and Japan," pp. 1014-1033

Laura Bottazzi and Paolo Manasse, "Credibility and Seignoirage in a Common Currency Area," pp. 1034-1046

Dario Focarelli, Fabio Panetta, and Carmelo Salleo, "Why Do Banks Merge?" pp. 1047-1066

Andrew K. Rose and Charles Engel, "Currency Unions and International Integration," pp. 1067-1089

Christian J. Murray and Charles R. Nelson, "The Great Depression and Output Persistance," pp. 1090

Annual Index

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