Darryl Francis was president of the Federal Reserve Bank of St. Louis from 1966 to 1975. Throughout those years he was a leading critic of U.S. monetary policy. Francis argued in policy meetings and public venues that monetary policy should focus on maintaining a stable price level. In contrast,...

Purpose – The purpose of this paper is to test whether entrepreneurship is a significant factor in explaining economic growth at the state level. Design/methodology/approach – This paper, unlike previous work, uses the Kauffman Index of Entrepreneurial Activity (KIEA) as the measure of...

Darryl Francis was president of the Federal Reserve Bank of St. Louis from 1966 to 1975. Throughout those years he was a leading critic of U.S. monetary policy. Francis argued in policy meetings and public venues that monetary policy should focus on maintaining a stable price level. In contrast,...