New England Economic Review

New England Economic Review is a magazine specializing in Economic topics.

Articles from September

Are Stock Returns Different over Weekends? A Jump Diffusion Analysis of the "Weekend Effect"
The distribution of returns on common stocks is, arguably, one of the most widely studied financial market characteristics. Among the questions addressed by these studies are the following: Is the return on common stocks normally distributed, as much...
Job Creation and Destruction in Massachusetts: Gross Flows among Industries
The Massachusetts economy has experienced wide swings in employment in the 1990s, losing over 10 percent of existing jobs in the 1990-91 recession (which began locally in 1989) and not surpassing its pre-recession job peak until early 1998. Within...
Using Bank Supervisory Data to Improve Macroeconomic Forecasts
Locating the function of bank supervision in the central bank has been a contentious issue, both domestically and internationally. Most discussions of the role of bank supervision in central banking have focused on crisis management and the responsibilities...
Why the Interest in Reforming the International Monetary System?
The recent spate of severe financial crises has provoked an interest in international monetary reform not seen since the breakdown of the fixed exchange rate system 30 years ago. In the 1980s the Latin debt crisis was widely viewed as the result of...