The Federal Reserve Bank of San Francisco
Click here to open FedRing.

Subscriptions FRBSF Economic Letters

pdfFiles in PDF format require Adobe Reader®. Choose a format: html pdf

2009
21 Employer Health Benefits and Insurance Expansions: Hawaii's Experience
Buchmueller · DiNardo · Valletta :: June 29
20 Fighting Downturns with Fiscal Policy
Leduc :: June 19
19 How Big Is the Output Gap?
Weidner · Williams :: June 12
18 Jobless Recovery Redux?
Daly · Hobijn · Kwok :: June 5
17 The Fed's Monetary Policy Response to the Current Crisis
Rudebusch :: May 22
16 U.S. Household Deleveraging and Future Consumption Growth
Glick · Lansing :: May 15
15 A Minsky Meltdown: Lessons for Central Bankers
Yellen :: May 1
14 Are Fiscal Stimulus Funds Going to the "Right" States?
Wilson :: April 17
13 Interprovincial Inequality in China
Candelaria · Daly · Hale :: April 10 :: Pacific Basin Notes
12 The Risk of Deflation
Williams :: March 27
11 The Outlook for Productivity Growth: Symposium Summary
Doms :: March 20 :: CSIP Notes
10 2008 Annual Pacific Basin Conference: Summary
Glick :: March 13 :: Pacific Basin Notes
09 How Will a Credit Crunch Affect Small Business Finance?
Udell :: March 6
08 Tax Credits for Job Creation and Retention: What Can We Learn from the States?
Wilson · Notzon :: February 20
07 Out-of-Market Small Business Loans
Laderman :: February 13
06 House Prices and Bank Loan Performance
Krainer :: February 6
05 Labor Supply Responses to Changes in Wealth and Credit
Daly · Hobijn · Kwok :: January 30
04 Behavior of Libor in the Current Financial Crisis
Kwan :: January 23
03 The Tech Pulse Index: Recent Trends in Tech-Sector Activity
Hobijn :: January 14 :: CSIP Notes
01-02 U.S. Monetary Policy Objectives in the Short and Long Run
Yellen :: January 9
2008
38 Economic Conditions in Korea and Japan: A Monetary Policymaker's Report
Yellen :: December 19 :: Pacific Basin Notes
37 Convergence of Long-Term Bond Yields in the Euro Area
Swanson :: November 21
35-36 The Mortgage Meltdown, Financial Markets, and the Economy
Yellen :: November 7
34 Monetary Policy and Asset Prices
Lansing :: October 31
33 What Is Liquidity Risk?
Lopez :: October 24
32 Sectoral Reallocation and Unemployment
Valletta · Cleary :: October 17
31 Oil Prices and Inflation
Cavallo :: October 3
30 The EMU Effect on the Currency Denomination of International Bonds
Hale · Spiegel :: September 26
28-29 The U.S. Economic Situation and the Challenges for Monetary Policy
Yellen :: September 19
27 Summer Reading: New Research in Applied Microeconomics Conference Summary
Doms :: September 5
26 Regional Variation in the Potential Economic Effects of Climate Change
Butsic · Hanak · Valletta :: August 22
25 Treasury Bond Yields and Long-Run Inflation Expectations
Christensen :: August 15
24 How and Why Does Age at Kindergarten Entry Matter?
Cascio :: August 8
23 Unanchored Expectations? Interpreting the Evidence from Inflation Surveys
Huang · Trehan :: July 25
22 Can Young Americans Compete in a Global Economy?
Cascio :: July 18
21 Monetary Policy and Asset Markets: Conference Summary
Dennis :: July 11
20 Research on the Effects of Fiscal Stimulus: Symposium Summary
Wilson :: July 3 :: CSIP Notes
19 Consumer Sentiment and Consumer Spending
Wilcox :: June 27
18 Speculative Bubbles and Overreaction to Technological Innovation
Lansing :: June 20
17 Did Large Recalls of Chinese Consumer Goods Lower U.S. Imports from China?
Candelaria · Hale :: June 13 :: Pacific Basin Notes
16 Retirement Savings and Decision Errors: Lessons from Behavioral Economics
Armour · Daly :: June 6
15 Small Business Lending and Bank Competition
Laderman :: May 9
13-14 The Financial Markets, Housing, and the Economy
Yellen :: April 18
12 Are Global Imbalances Due to Financial Underdevelopment in Emerging Economies?
Valderrama :: April 11 :: Pacific Basin Notes
11 Falling House Prices and Rising Time on the Market
Krainer :: March 21
10 The Corporate Bond Credit Spread Puzzle
Christensen :: March 14
09 Assessing Employment Growth in 2007
Regev :: March 7
08 The Economics of Private Equity Investments: Symposium Summary
Lopez :: February 29 :: CSIP Notes
07 Economic Conditions in Singapore and Vietnam: A Monetary Policymaker's Report
Yellen :: February 22 :: Pacific Basin Notes
06 Recent Trends in Economic Volatility: Conference Summary
Notzon · Wilson :: February 15 :: CSIP Notes
04-05 Prospects for the Economy in 2008
Yellen :: February 8
03 2007 Annual Pacific Basin Conference: Summary
Glick :: February 1 :: Pacific Basin Notes
02 Publishing Central Bank Interest Rate Forecasts
Rudebusch :: January 25
01 Publishing FOMC Economic Forecasts
Rudebusch :: January 18
2007
38 Sovereign Wealth Funds: Stumbling Blocks or Stepping Stones to Financial Globalization?
Aizenman · Glick :: December 14 :: Pacific Basin Notes
36-37 The U.S. Economy and Monetary Policy
Yellen :: December 7
35 Fixing the New Keynesian Phillips Curve
Dennis :: November 30
34 Financial Globalization and Monetary Policy
Spiegel :: November 23 :: Pacific Basin Notes
33 Labor Force Participation and the Prospects for U.S. Growth
Daly · Regev :: November 2
32 Asset Price Bubbles
Lansing :: October 26
31 Corporate Access to External Financing
Lopez :: October 19
30 Relative Comparisons and Economics: Empirical Evidence
Daly · Wilson :: October 5
29 Internal Risk Models and the Estimation of Default Probabilities
Christensen :: September 28
28 Changes in Income Inequality across the U.S.
Regev · Wilson :: September 21
26-27 Recent Financial Developments and the U.S. Economic Outlook
Yellen :: September 14
25 Changing Productivity Trends
Trehan :: August 31 :: CSIP Notes
24 Are Global Prices Converging or Diverging?
Glick :: August 10 :: Pacific Basin Notes
23 Trends in Bay Area IT Employment
Hsueh :: August 3 :: CSIP Notes
22 Regional Economic Conditions and Community Bank Performance
Furlong · Krainer :: July 27
21 What We Do and Don't Know about the Term Premium
Swanson :: July 20
19-20 The U.S. Economy and Monetary Policy
Yellen :: July 13 :: Pacific Basin Notes
18 The Costs and Value of New Medical Technologies: Symposium Summary
Valletta :: July 6 :: CSIP Notes
17 The Narrowing of the Male-Female Wage Gap
Doms · Lewis :: June 29
16 Credit Unions, Conversions, and Capital
Wilcox :: June 22
15 On Forecasting Future Monetary Policy: Has Forward-Looking Language Mattered?
Kwan :: June 15
14 House Prices and Subprime Mortgage Delinquencies
Doms · Furlong · Krainer :: June 8
13 Anxious Workers
Valletta :: June 1
12 Monetary Policy, Transparency, and Credibility: Conference Summary
Dennis · Williams :: May 25
11 U.S. Supervisory Standards for Operational Risk Management
Lopez :: May 4
10 Do Monetary Aggregates Help Forecast Inflation?
Hale · Jorda :: April 13
09 Will Fast Productivity Growth Persist?
Fernald · Thipphavong · Trehan :: April 6 :: CSIP Notes
08 The U.S. Productivity Acceleration and the Current Account Deficit
Valderrama :: March 30 both
07 Prospects for China's Corporate Bond Market
Hale :: March 16 :: Pacific Basin Notes
06 Update on China: A Monetary Policymaker's Report
Yellen :: March 9 :: Pacific Basin Notes
05 Financial Innovations and the Real Economy: Conference Summary
Doms · Fernald · Lopez :: March 2 :: CSIP Notes
04 2006 Annual Pacific Basin Conference: Summary
Glick :: February 9 :: Pacific Basin Notes
03 Monetary Policy Inertia and Recent Fed Actions
Rudebusch :: January 26
02 Disentangling the Wealth Effect: Some International Evidence
Sierminska · Takhtamanova :: January 19
01 Concentrations in Commercial Real Estate Lending
Lopez :: January 5
2006
38 Mortgage Innovation and Consumer Choice
Krainer :: December 29
37 Will Moderating Growth Reduce Inflation?
Lansing :: December 22
36 The Geographic Scope of Small Business Lending: Evidence from the San Francisco Market
Laderman :: December 15
35 The Mystery of Falling State Corporate Income Taxes
Wilson :: December 8
33-34 Economic Inequality in the United States
Yellen :: December 1
32 Is a Recession Imminent?
Fernald · Trehan :: November 24
31 Interest Rates, Carry Trades, and Exchange Rate Movements
Cavallo :: November 17 :: Pacific Basin Notes
30 The Rise in Homeownership
Doms · Motika :: November 3
29 What Are the Risks to the United States of a Current Account Reversal?
Valderrama :: October 27
28 Did Quantitative Easing by the Bank of Japan "Work"?
Spiegel :: October 20 :: Pacific Basin Notes
27 Inflation Persistence in an Era of Well-Anchored Inflation Expectations
Williams :: October 13
26 Safe and Sound Banking, 20 Years Later
Kwan :: October 6
25 Health Insurance Costs and Declining Coverage
Buchmueller · Valletta :: September 29
24 Oil Prices and the U.S. Trade Deficit
Cavallo :: September 22
23 The Exchange Rate-Consumer Price Puzzle
Valderrama :: September 15
22 Inflation Targets and Inflation Expectations: Some Evidence from the Recent Oil Shocks
Trehan · Tjosvold :: September 1
21 New Uses for New Macro Derivatives
Wolfers :: August 25
20 Would an Inflation Target Help Anchor U.S. Inflation Expectations?
Swanson :: August 11
19 Performance Divergence of Large and Small Credit Unions
Wilcox :: August 4
18 Property Debt Burdens
Doms · Motika :: July 28
17 Labor Markets and the Macroeconomy: Conference Summary
Dennis · Williams :: July 21
16 A Monetary Policymaker's Passage to India
Yellen :: July 7
15 Residential Investment over the Real Estate Cycle
Krainer :: June 30
14 International Financial Integration and the Current Account Balance
Cavallo :: June 23
12-13 Monetary Policy in a Global Environment
Yellen :: June 2
11 Central Bank Capital, Financial Strength, and the Bank of Japan
Cargill :: May 19 :: Pacific Basin Notes
10 Bank Diversification, Economic Diversification?
Strahan :: May 12
09 Prospects for the Economy
Yellen :: April 28
08 Job Matching: Evidence from the Beveridge Curve
Valletta · Hodges :: April 21
07 Security Analysts and Regulatory Reform
Marquez :: April 14
06 What Is the Federal Reserve Banks' Imputed Cost of Equity Capital?
Barnes · Lopez :: April 7
05 Enhancing Fed Credibility
Yellen :: March 17
04 External Imbalances and Adjustment in the Pacific Basin: Conference Summary
Glick · Spiegel :: March 10 :: Pacific Basin Notes
03 Postal Savings in Japan and Mortgage Markets in the U.S.
Cargill · Scott :: March 3 :: Pacific Basin Notes
02 Productivity Growth: Causes and Consequences--Conference Summary
Wilson :: February 24 :: CSIP Notes
01 2006: A Year of Transition at the Federal Reserve
Yellen :: January 27
2005
38 Do Oil Futures Prices Help Predict Future Oil Prices?
Wu · McCallum :: December 30
37 The Diffusion of Personal Computers across the U.S.
Doms :: December 23 :: CSIP Notes
36 Bank ATMs and ATM Surcharges
Gowrisankaran · Krainer :: December 16
35 Shifting Data: A Challenge for Monetary Policymakers
Fernald · Wang :: December 9
34 Recent Policy Issues Regarding Credit Risk Transfer
Lopez :: December 2
33 Uncertainty and Monetary Policy
Dennis :: November 30
32 The Bretton Woods System: Are We Experiencing a Revival? Symposium Summary
Glick · Spiegel :: November 25 :: Pacific Basin Notes
31 Why Hasn't the Jump in Oil Prices Led to a Recession?
Fernald · Trehan :: November 18
30 Spendthrift Nation
Lansing :: November 10
29 Economies of Scale and Continuing Consolidation of Credit Unions
Wilcox :: November 4
28 Oil Price Shocks and Inflation
Trehan :: October 28
27 Estimating the "Neutral" Real Interest Rate in Real Time
Wu :: October 21
26 The Rise and Spread of State R&D Tax Credits
Wilson :: October 14 :: CSIP Notes
25 Inflation Expectations: How the Market Speaks
Kwan :: October 7
24 Why Has Output Become Less Volatile?
Trehan :: September 16
23 A Look at China's New Exchange Rate Regime
Spiegel :: September 9 :: Pacific Basin Notes
22 Policymaking on the FOMC: Transparency and Continuity
Yellen :: September 2
21 Housing Markets and Demographics
Krainer :: August 26
20 Credit Union Failures and Insurance Fund Losses: 1971-2004
Wilcox :: August 19
19 Does Europe's Path to Monetary Union Provide Lessons for East Asia?
Glick :: August 12 :: Pacific Basin Notes
18 Monetary Policy and Asset Price Bubbles
Rudebusch :: August 5
17 What If Foreign Governments Diversified Their Reserves?
Valderrama :: July 29 :: Pacific Basin Notes
16 Understanding the Twin Deficits: New Approaches, New Results
Cavallo :: July 22
15 Age and Education Effects on the Unemployment Rate
Valletta · Hodges :: July 15
14 Stress Tests: Useful Complements to Financial Risk Models
Lopez :: June 24
13 IT Investment: Will the Glory Days Ever Return?
Doms :: June 17 :: CSIP Notes
12 Fiscal and Monetary Policy: Conference Summary
Dennis · Williams :: June 10
11 Are State R&D Tax Credits Constitutional? An Economic Perspective
Wilson :: June 3 :: CSIP Notes
10 More Life vs. More Goods: Explaining Rising Health Expenditures
Jones :: May 27
09 Can Monetary Policy Influence Long-term Interest Rates?
Jorda :: May 20
08 The Long-term Interest Rate Conundrum: Not Unraveled Yet?
Wu :: April 29
07 A Tale of Two Monetary Policies: Korea and Japan
Cargill :: April 15 :: Pacific Basin Notes
06 Financial liberalization: How well has it worked for developing countries?
Aizenman :: April 8
05 Gains in U.S. Productivity: Stopgap Measures or Lasting Change?
Daly · Furlong :: March 11 :: CSIP Notes
04 Productivity and Inflation
Yellen :: February 18
03 Emerging Markets and Macroeconomic Volatility: Conference Summary
Glick · Valderrama :: February 4 :: Pacific Basin Notes
02 Help-Wanted Advertising and Job Vacancies
Valletta :: January 21
01 To Float or Not to Float? Exchange Rate Regimes and Shocks
Cavallo :: January 7 :: Pacific Basin Notes
2004
38 After the Asian Financial Crisis: Can Rapid Credit Expansion Sustain Growth?
Valderrama :: December 24 :: Pacific Basin Notes
37 Productivity Growth and the Retail Sector
Doms :: December 17 :: CSIP Notes
36 What Determines the Credit Spread?
Krainer :: December 10
35 October 6, 1979
Walsh :: December 3
34 Outsourcing by Financial Services Firms: The Supervisory Response
Lopez :: November 26
33 Easing Out of the Bank of Japan's Monetary Easing Policy
Spiegel :: November 19 :: Pacific Basin Notes
32 Does Locale Affect R&D Productivity? The Case of Pharmaceuticals
Kyle :: November 12 :: CSIP Notes
31 Reflections on China's Economy
Yellen :: November 5 :: Pacific Basin Notes
30 Inflation-Induced Valuation Errors in the Stock Market
Lansing :: October 29
29 Consumer Sentiment and the Media
Doms :: October 22
28 Gauging the Market's Expectations about Monetary Policy
Kwan :: October 8
27 House Prices and Fundamental Value
Krainer · Wei :: October 1
26 Supervising Interest Rate Risk Management
Lopez :: September 17
25 Exchange Rate Movements and the U.S. International Balance Sheet
Cavallo :: September 10
24 City or Country: Where Do Businesses Use the Internet?
Forman · Goldfarb · Greenstein :: September 3 :: CSIP Notes
23 Two Measures of Employment: How Different Are They?
Wu :: August 27
22 Measuring the Costs of Exchange Rate Volatility
Bergin :: August 20
21 Does a Fall in the Dollar Mean Higher U.S. Consumer Prices?
Valderrama :: August 13
20 Monetary and Financial Integration: Evidence from the EMU
Spiegel :: August 6
19 The Computer Evolution
Valletta · MacDonald :: July 23 :: CSIP Notes
18 The Productivity and Jobs Connection: The Long and the Short Run of It
Walsh :: July 16 :: CSIP Notes
17 New Keynesian Models and Their Fit to the Data
Dennis :: July 9
16 Has the CRA Increased Lending for Low-Income Home Purchases?
Laderman :: June 25
15 Banking Consolidation
Kwan :: June 18
14 Policy Applications of a Global Macroeconomic Model
Dennis · Lopez :: June 11
13 Interest Rates and Monetary Policy: Conference Summary
Dennis · Wu :: June 4
12 Globalization: Threat or Opportunity for the U.S. Economy?
Parry :: May 21
11 Can International Patent Protection Help a Developing Country Grow?
Valderrama :: May 14
10 Workplace Practices and the New Economy
Black · Lynch :: April 16 :: CSIP Notes
09 Do Differences in Countries' Capital Composition Matter?
Wilson :: April 9 :: CSIP Notes
08 Understanding Deflation
Wu :: April 2
07 Technology, Productivity, and Public Policy
Daly · Williams :: March 12 :: CSIP Notes
06 Resolving Sovereign Debt Crises with Collective Action Clauses
Kletzer :: February 20
05 Precautionary Policies
Walsh :: February 13
04 U.S. Monetary Policy: An Introduction
Part 4: How does the Fed decide the appropriate setting for the policy instrument?
Economic Research :: February 6
03 U.S. Monetary Policy: An Introduction
Part 3: How does monetary policy affect the U.S. economy?
Economic Research :: January 30
02 U.S. Monetary Policy: An Introduction
Part 2: What are the goals of U.S. monetary policy?
Economic Research :: January 23
01 U.S. Monetary Policy: An Introduction
Part 1: How is the Fed structured and what are its policy tools?
Economic Research :: January 16

View earlier years.

Permission to photocopy is unrestricted. Please send requests for back copies and reprint permission (along with your phone number) to:

phone: (415) 974-2163
fax: (415) 974-3341
E-mail Public Information

Public Information Department
Federal Reserve Bank of San Francisco
P.O. Box 7702
San Francisco, CA 94120

=