[This page is under revision… rather a mess right now, not in any good order]
“Quantitative Easing the Swedish Way”
Federal Reserve Bank of St. Louis Economic Synopses, 2012, No. 33.
“How Positive Are Recent Employment and Labor Market Trends?”
Federal Reserve Bank of St. Louis Economic Synopses, 2012, No. 25.
“Driving to Recession and Recovery”
Federal Reserve Bank of St. Louis Economic Synopses, 2012, No. 22.
“The FOMC: Transparency Achieved?”
Federal Reserve Bank of St. Louis Economic Synopses, 2012, No. 9.
“Liquidity Crises in the Small and Large”
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 34.
“Monetary Policy, Bubbles, and Goldilocks”
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 2.
“Doubling Your Monetary Base and Surviving: Some International Experience”
with Charles S. Gascon and Yang Liu
Federal Reserve Bank of St. Louis Review, November/December 2010, 92(6), pp. 481-506.
“Is More QE in Sight?”
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 31.
“The First U.S. Quantitative Easing: The 1930s”
Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 17.
“Does Money Matter in Inflation Forecasting?”
with Jane M. Binner, Peter Tino, Jonathan Tepper, Barry Jones, and Graham Kendall
FORTHCOMING: Physica A — Statistical Applications and Methods
“FOMC Learning and Productivity Growth (1985-2003): A Reading of the Record”
with Kevin L. Kliesen
Federal Reserve Bank of St. Louis Review, March/April 2010, 92(2), pp. 129-53.
“The Commercial Paper Market, the Fed, and the 2007-2009 Financial Crisis”
with Charles S. Gascon
Federal Reserve Bank of St. Louis Review, November/December 2009, 91(6), pp. 589-612.
“The Financial Services Sector: Boom and Recession”
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 39.
“The Curious Case of the U.S. Monetary Base”
Federal Reserve Bank of St. Louis The Regional Economist, July 2009, pp. 12-13.
“Editor’s Introduction: Projecting Potential Growth: Issues and Measurements — The 33rd Annual Economic Policy Conference”
Federal Reserve Bank of St. Louis Review, July/August 2009, 91(4), pp. 181-5.
“Estimating U.S. Output Growth with Vintage Data in a State-Space Framework”
with Charles S. Gascon
Federal Reserve Bank of St. Louis Review, July/August 2009, 91(4), pp. 349-64.
2009-025A “Dynamics in Systematic Liquidity” – May 2009
with Björn Hagströmer, Jane M. Binner, Birger Nilsson
“The Success of the CPFF?”
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 18.
“British Banking in Crisis”
with Andrew W. Mullineux
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 16.
“Bankers Acceptances and Unconventional Monetary Policy: FAQs”
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 14.
“Bankers’ Acceptances: Yesterday’s Instrument to Restart Today’s Credit Markets?”
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 5.
“Resolving a Banking Crisis, the Nordic Way”
Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 10.
“Bagehot on the Financial Crises of 1825…and 2008”
Federal Reserve Bank of St. Louis Monetary Trends, February 2009.
Longer version, Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 7.
Presentations and Lectures
“Recent Economic Trends & An Overview of the St. Louis Research Division”
Presentation at Experience St. Louis, Federal Reserve Bank of St. Louis, April 6, 2010.
“A Talk on Economic Conditions”
Presentation at the Economic Outlook Conference, Arkansas State University, College of Business, April 7, 2009.
“A Talk on Economic Conditions”
Keynote speaker, Organization of Chinese Americans, St. Louis chapter, at their annual meeting, Saturday, February 21, 2009.
“A Discussion on Financial Market Turmoil”
Lecture presented at Aston University, Birmingham, U.K., November 12, 2008, regarding the financial crisis in the United States. Reviews subprime mortgage finance, the progression of events during 2007 and 2008, and the Federal Reserve’s actions to forestall further problems.
What Do Central Banks Do? Or Why Is Monetary Policy Implemented by Controlling the Price of Liquidity?
Public lecture presented November 5, 2008, at Aston University, Birmingham, U.K. regarding the role of central banks in modern economies and the implementation of monetary policy via control of the price of liquidity. For a nontechnical audience.
Remarks on the Economic Outlook
Presented at the CFA Day Luncheon, Louisville KY, June 14, 2007.
Purposes and Functions of the Federal Reserve System: PowerPoint Slides” | “PDF version
with Charles S. Gascon
— A set of slides, suitable for classroom presentation, based on the Federal Reserve Board’s popular book
— Presented at St. Louis Community College, Continuing Education Class Lecture, April 5, 2007.
“The New Economy: How the United States is Adapting to the Knowledge-Based Economy of the Twenty-First Century”
Presented at the Southern Illinois Economic Development Conference, September 21, 2006.
“Economics and the Real World”
Invited guest lecture, Colorado State University, April 26, 2005
Articles Published by the Federal Reserve Bank of St. Louis
“Banks and Credit Unions: Competition Not Going Away”
with Yang Liu
Federal Reserve Bank of St. Louis The Regional Economist, April 2013.
“How Low Can You Go? Negative Interest Rates and Investors’ Flight to Safety”
with Yang Liu
Federal Reserve Bank of St. Louis The Regional Economist, January 2013.
“A Comprehensive Revision of the U.S. Monetary Services (Divisia) Indexes”
with Barry Jones
Federal Reserve Bank of St. Louis Review, September/October 2011, 93(5), pp. 325-360.
“A Closer Look: Assistance Programs in the Wake of the Crisis”
with Charles S. Gascon
Federal Reserve Bank of St. Louis The Regional Economist, January 2011, pp. 4-10.
“Doubling Your Monetary Base and Surviving: Some International Experience”
with Charles S. Gascon and Yang Liu
Federal Reserve Bank of St. Louis Review, November/December 2010, 92(6), pp. 481-506.
“FOMC Learning and Productivity Growth (1985-2003): A Reading of the Record”
with Kevin L. Kliesen
Federal Reserve Bank of St. Louis Review, March/April 2010, 92(2), pp. 129-53.
“The Commercial Paper Market, the Fed, and the 2007-2009 Financial Crisis”
with Charles S. Gascon
Federal Reserve Bank of St. Louis Review, November/December 2009, 91(6), pp. 589-612.
“The Curious Case of the U.S. Monetary Base”
Federal Reserve Bank of St. Louis The Regional Economist, July 2009, pp. 12-13.
“Editor’s Introduction: Projecting Potential Growth: Issues and Measurements — The 33rd Annual Economic Policy Conference”
Federal Reserve Bank of St. Louis Review, July/August 2009, 91(4), pp. 181-5.
“Estimating U.S. Output Growth with Vintage Data in a State-Space Framework”
with Charles S. Gascon
Federal Reserve Bank of St. Louis Review, July/August 2009, 91(4), pp. 349-64.
“What Were They Thinking?”
Federal Reserve Bank of St. Louis Central Banker, Winter 2007, p. 5.
“Currency Design in the United States and Abroad: Counterfeit Deterrence and Visual Accessibility”
with Marcela M. Williams
Federal Reserve Bank of St. Louis Review, September/October 2007, 89(5), pp. 371-414.
Corrigendum
“The 1990s Acceleration in Labor Productivity: Causes and Measurement”
with Kevin L. Kliesen
Federal Reserve Bank of St. Louis Review, May/June 2006, 88(3), pp. 181-202.
“Replicability, Real-Time Data, and the Science of Economic Research: FRED, ALFRED, and VDC”
Federal Reserve Bank of St. Louis Review, January/February 2006, 88(1), pp. 81-93.
“Revisions to User Costs for the Federal Reserve Bank of St. Louis Monetary Services Indices”
with Jason J. Buol
Federal Reserve Bank of St. Louis Review, November/December 2005, 87(6), pp. 735-49.
“What is Driving Oil Prices?”
with Jason J. Buol
Federal Reserve Bank of St. Louis The Regional Economist, January 2005, pp. 10-11.
“Does Uncertainty about Oil Prices Slow Down the Economy?”
with Michelle T. Meisch
Federal Reserve Bank of St. Louis The Regional Economist, October 2003. pp. 12-13.
“A Reconstruction of the Federal Reserve Bank of St. Louis Adjusted Monetary Base and Reserves”
with Robert H. Rasche and Jeffrey Loesel
Federal Reserve Bank of St. Louis Review, September/October 2003, 85(5), pp. 39-70.
“Retail Sweep Programs and Bank Reserves”
with Robert H. Rasche
Federal Reserve Bank of St. Louis Review, January/February 2001, 83(1), pp. 51-72.
St. Louis Fed Working Papers
“Does commonality in illiquidity matter to investors?”
with Jane M. Binner, Björn Hagströmer, and Birger Nilsson
Working Paper 2013-020A, posted June 2013.
“Connectionist-Based Rules Describing the Pass-through of Individual Goods Prices into Trend Inflation in the United States”
with Jane M. Binner and Vincent A. Schmidt
Working Paper 2011-007A, posted February 2011.
“Dynamics in Systematic Liquidity”
with Björn Hagströmer, Jane M. Binner, and Birger Nilsson
Working Paper 2009-025A, posted May 2009.
Articles in Professional Journals
“Nonlinear Relationship between Permanent and Transitory Components of Monetary Aggregates and the Economy”
with Barry Jones and Marcelle Chauvet
FORTHCOMING: Econometric Reviews.
“Does Money Matter in Inflation Forecasting?”
with Jane M. Binner, Peter Tino, Jonathan Tepper, Barry Jones, and Graham Kendall
FORTHCOMING: Physica A — Statistical Applications and Methods.
“How Does the FOMC Learn About Economic Revolutions? Evidence from the New Economy Era, 1994-2001”
with Kevin L. Kliesen
Business Economics, January 2012, 47(1), pp. 27-56.
Monetary Aggregates
The New St. Louis Adjusted Monetary Base series
Information on construction and data.
Monetary Services Index (MSI) Project
Database containing monetary services indexes.
Article: “Sweeps Distort M1 Growth”
Monetary Trends cover page (November 1995).
Federal Reserve Board Data on OCD Sweep Account Programs
Robert H. Rasche’s Monthly U.S. Money Stock Estimates 1947-1958
Other Publications, Book Reviews, and Edited Volumes
“Monetary Base”
in William A. Darity, Jr., ed., International Encyclopedia of the Social Sciences, February 2008, Macmillan Reference USA.
“Monetary Aggregates”
with M. D. Bordo and H. Rockoff
in Susan B. Carter, Scott Sigmund Gartner, Michael R. Haines, Alan L. Olmstead, Richard Sutch, and Gavin Wright, eds., Historical Statistics of the United States, Earliest Times to the Present: Millennial Edition, 2006, Cambridge University Press.
“Some Tables of Historical U.S. Currency and Monetary Aggregates Data”
Content included in Susan B. Carter, Scott Sigmund Gartner, Michael R. Haines, Alan L. Olmstead, Richard Sutch, and Gavin Wright, eds., Historical Statistics of the United States Millennial Edition, 2006, Cambridge University Press.
“Has the Long-Run Velocity of M2 Shifted? Evidence from the P* Model”
with Jeffrey J. Hallman
Federal Reserve Bank of Cleveland Economic Review, First Quarter 1993, 29(1).
“The GAUSS Programming System: A Review”
Journal of Applied Econometrics, 1991.
Book Review, Large-Scale Macro-Econometric Models
Kmenta and Ramsey, eds., Journal of Money, Credit, and Banking, August 1984.
“Some Evidence on the Distribution of Elasticity Estimators in Translog Models”
with J.G. Thursby
Proceedings of the Business and Economics Statistics Section, American Statistical Association, 1983.
“A Model of Lifetime Earnings from the Social Security Continuous Work History Sample File”
with Peter A. Diamond and Yves Balcer
Report of the Consultant Panel on Social Security, Congressional Research Service, August 1976.
“Price-Level Adjusted Mortgages in Brazil”
with Donald Lessard
New Mortgage Designs for Stable Housing in an Inflationary Environment
Federal Reserve Bank of Boston Conference Series, January 1976, 14.
Last updated November 01, 2013