Number 1 (February 2004)
Articles
Jess Benhabib, "Interest Rate Policy in Continuous Time with Discrete Delays," pp. 1-16
Michael C. Davis and James D. Hamilton, "Why Are Prices Sticky? The Dynamics of Wholesale Gasoline Prices" [zip] pp. 17-38 (For more information see the read me file for this file archive.)
Nicholas S. Souleles, "Expectations, Heterogeneous Forecast Errors, and Consumption: Micro Evidence from the Michigan Consumer Sentiment Surveys," pp. 39-72
Yongseung Jung, "Catching Up with the Joneses in a Sticky Price Model," pp. 73-94
James Bullard and Christopher J. Waller, "Central Bank Design in General Equilibrium," pp.95-114
Graeme Guthrie and Julian Wright, "The Optimal Design of Interactive Interest Rate Target Changes" [zip] pp. 115-138(For more information see the read me file for this file archive.)
Carl R. Gwin and Beck A. Taylor, "The Role of Search Costs in Determining the Relationship between Inflation and Profit Margins" [zip] pp. 139-149 (For more information see the read me file for this file archive.)
Number 2 (April 2004)
Articles
Athanasios Orphanides, "Monetary Policy Rules, Macroeconomic Stability, and Inflation: A View from the Trenches," pp. 151-176
Torben M. Andersen and Eric Toulemonde, "Adapting Prices or Quantities in the Presence of Adjustment Costs?" pp. 177-196
Linda Allen, Julapa Jagtiani, Stavros Peristiani, and Anthony Sounders, "The Role of Bank Advisors in Mergers and Acquisitions," pp. 197-224
Emilia Bonaccorsi di Patti and Giovanni Dell'Ariccia, "Bank Competition and Firm Creation" [zip] pp. 225-252 (For more information see the read me file for this file archive.)
Julie K. Smith, "Weighted Median Inflation: Is This Core Inflation?" [zip] pp. 253-264 (For more information see the read me file for this file archive.)
Shorter Papers, Discussions, and Letters
"Oil Shocks and Aggregate Macroeconomic Behavior The Role of Monetary Policy,"
Comment by James D. Hamilton and Ana Maria Herrera pp. 265-286
Reply by Ben S. Bemanke, Mark Center, and Mark W. Watson pp. 287-291
Number 3, Part 1 (June 2004)
Articles
Edward Nelson and Kalin Nikolov, "Monetary Policy and Stagflation in the UK" pp.293-318 (there is no read me file for this file archive)
Sharon Kozicki and Barak Hoffman, "Rounding Error: A Distorting Influence on Index Data," pp. 319-338
Chang-Jin Kim, James C. Morley, and Charles R. Nelson, "Is There a Positive Relationship between Stock Market Volatility and the Equity Premium?" [zip] pp. 339-360 (For more information see the read me file for this file archive.)
Eric Schaling, "The Nonlinear Phillips Curve and Inflation Forecast Targeting: Symmetric Versus Asymmetric Monetary Policy Rules," pp. 361-386
Selva Demiralp and Oscar Jorda, "The Response of Term Rates to Fed Announcements" [zip] pp. 387-407(For more information see the read me file for this file archive.)
Henry W. Chappell Jr., Rob Roy McGregor, and Todd Vermilyea, "Majority Rule, Consensus Building, and the Power of the Chairman: Arthur Bums and the FOMC" [zip] pp. 407-422 (For more information see the read me file [doc] for this file archive.)
Shorter Papers, Discussions, and Letters
David H. Papell and Ruxandra Prodan, "The Uncertain Unit Root in U.S. Real GDP: Evidence with Restricted and Unrestricted Structural Change," pp. 423-428
Christian J. Murray and Charles R. Nelson, "The Great Depression and Output Persistence: A Reply toPapell and Prodan," pp. 429
Number 3, Part 2 (June 2004)
Bank Concentration and Competition: An Evolution in the Making, A Conference Sponsored by the Federal Reserve Bank of Cleveland May 21-23, 2003
Joseph G. Haubrich, Special Issue Editor
Articles
Allen N. Berger, Asli Demirgiif-Kunt, Ross Levine, and Joseph G. Haubrich, "Introduction: Bank Concentration and Competition: An Evolution in the Making,\ pp. 433-453
Franklin Allen and Douglas Gale, "Competition and Financial Stability," pp. 453-481
Comment by Charles M. Kahn, pp. 481-486
John H. Boyd, Gianni De Nicolo, and Bruce D. Smith, "Crises in Competitive versus Monopolistic Banking Systems," pp. 487-506
Comment by Anjan V. Thakor, pp. 507-510
Maria Soledad Martinez Peria and Ashoka Mody, "How Foreign Participation and Market Concentration Impact Bank Spreads: Evidence from Latin America," pp. 511-538
Comment by Stephen Haber, pp. 539-542
Nicola Cetorelli, "Real Effects of Bank Competition," pp. 543-558
Comment by Richard J. Rosen, pp. 559-562
Stijn Claessens and Luc Laeven, "What Drives Bank Competition? Some International Evidence," pp. 563-584
Comment by Sherrill Shaffer, pp. 585-592
Asli Demirgiif-Kunt, Luc Laeven, and Ross Levine, "Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation," pp. 593-622
Comment by Philip E. Strahan, pp. 623
Number 4 (August 2004)
Conference Commemorating the 35th Anniversary of the Publication of James Tobin's Paper "A General Equilibrium Approach to Monetary Theory" November 14 and 15, 2003
Kenneth D. West, Special Issue Editor
Articles
Editor's Introduction Kenneth D. West 655
Robert M. Solow, "Introduction: The Tobin Approach to Monetary Economics", PP. 657-664
Javier Andres, J. David Lopez-Salido, and Edward Nelson, "Tobin's Imperfect Asset Substitution in Optimizing General Equilibrium, " pp. 665-690
Luca Benati, "Evolving Post-World War II U.K. Economic Performance" pp. 691-718
Michael Ehrmann and Marcel Fratzscher, "Taking Stock: Monetary Policy Transmission to Equity Markets," pp. 719-738
Jordi Gali, J. David Lopez-Salido, and Javier Voiles, "Rule-of-Thumb Consumers and the Design of Interest Rate Rules," pp. 739-764
Daniel Levy and Andrew T. Young, "'The Real Thing': Nominal Price Rigidity of the Nickel Coke, 1886-1959," pp. 765-800
Antonio Moreno, "Reaching Inflation Stability," pp. 801-825
Number 5 (October 2004)
Articles
Matthew T. Billett and Jon A. Garfinkel, "Financial Flexibility and the Cost of External Finance for U.S. Bank Holding Companies," pp. 827-852
Kevin J. Stiroh,"Diversification in Banking: Is Noninterest Income the Answer?" [zip] pp. 853-882 (For more information see the read me file for this file archive.)
Stephen J. Turnovsky, "The Transitional Dynamics of Fiscal policy: Long-Run Capital Accumulation and Growth," pp. 883-910
John Elder, "Another Perspective on the Effects of Inflation Uncertainty" [zip] pp. 911-928 (For more information see the read me file for this file archive.)
Margaret Z. Clarke, "Geographic Deregulation of Banking and Economic Growth" [zip] pp. 929-942 (For more information see the read me file for this file archive.)
Robert M. Adams, Paul W. Bauer, and Robin C. Sickles, "Scale Economies, Scope Economies, and Technical Change in Federal Reserve Payment Processing," pp. 943-958
Shorter Papers, Discussions, and Letters
Valerie A. Ramey and Daniel J. Vine, "Why Do Real and Nominal Inventory-Sales Ratios Have Different Trends?" pp. 959-964
Takatoshi ho and Kimie Harada, "Credit Derivatives Premium as a New Japan Premium" [zip] pp. 965-968 (For more information see the read me file for this file archive.)
Number 6 (December 2004)
Articles
Peter N. Ireland, "Money's Role in the Monetary Business Cycle," pp. 969-984
Erik Hurst and Frank Stafford, "Home Is Where the Equity Is: Mortgage Refinancing and Household Consumption," pp. 985-1014
Marco Bonomo and Carlos Carvalho, "Endogenous Time-Dependent Rules and Inflation Inertia," pp. 1015-1042
John Krainer and Jose A. Lopez, "Incorporating Equity Market Information into Supervisory Monitoring Models," pp. 1043-1068
John Goddard, Phil Molyneux, and John O.S. Wilson, "Dynamics of Growth and Profitability in Banking" [zip] pp. 1069-1090 (there is no read me file for this file archive)
Joseph P. Dejuan, John J. Seater, and Tony S. Wirjanto, "A Direct Test of the Permanent Income Hypothesis with an Application to the U.S. States," pp. 1091-1104
Shorter Papers, Discussions, and Letters
Carl E.Walsh, "Robustly Optimal Instrument Rules and Robust Control: An Equivalence Result," pp. 1105-1114
Charles T. Carlstrom and Timothy S. Fuerst, "Hyperinflationary Equilibria and Timing: A Note," pp. 1115-1120
Peter Kooreman, Riemer P. Faber, and Heleen M.J. Hofmans, "Charity Donations and the Euro Introduction: Some Quasi-Experimental Evidence on Money Illusion," pp. 1121-1124