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