Review - Federal Reserve Bank of St. Louis

Review - Federal Reserve Bank of St. Louis is a magazine focusing on Finance

Articles from Vol. 93, No. 1, January/February

A Primer on Social Security Systems and Reforms
This article reviews the characteristics of different social security systems. Many configurations arise depending on the nature of a system's funding and determination of benefits. Many reforms propose changing the social security systems. The authors...
Economic Freedom and Employment Growth in U.S. States
The authors extend earlier models of economic growth and development by exploring the effect of economic freedom on U.S. state employment growth. They find that states with greater economic freedom-defined as the protection of private property and private...
Real-Time Forecast Averaging with ALFRED
This paper presents empirical evidence on the efficacy of forecast averaging using the ALFRED (ArchivaL Federal Reserve Economic Data) real-time database. The authors consider averages over a variety of bivariate vector autoregressive models. These models...
What Explains the Growth in Commodity Derivatives?
This article documents the massive increase in trading in commodity derivatives over the past decade - growth that far outstrips the growth in commodity production and the need for derivatives to hedge risk by commercial producers and users of commodities....