Economic Quarterly - Federal Reserve Bank of Richmond

Articles from Vol. 93, No. 3, Summer

A Taylor Rule and the Greenspan Era
(ProQuest: ... denotes formulae omitted.)There is considerable interest in determining whether monetary policy actions taken by the Federal Reserve under Chairman Alan Greenspan can be summarized by a Taylor rule. The original Taylor rule relates the...
Barriers to Foreign Direct Investment under Political Instability
(ProQuest: ... denotes formulae omitted.)Foreign direct investment (FDI), as pointed out by Kindleberger (1969), arises when the host country has an investment opportunity that it cannot exploit by itself because it lacks the means or technical know-how,...
Inflation and Unemployment: A Layperson's Guide to the Phillips Curve
What do you remember from the economics class you took in college? Even if you didn't take economics, what basic ideas do you think are important for understanding the way markets work? In either case, one thing you might come up with is that when the...
Quantitative Models of Sovereign Default and the Threat of Financial Exclusion
(ProQuest: ... denotes formulae omitted.)Business cycles in small emerging economies differ from those in developed economies. Emerging economies feature interest rates that are higher, more volatile, and countercyclical (interest rates are usually acyclical...
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