So what of the Southeast economy? Are we doing better than, the same as, or worse than the U.S. economy as a whole?

This paper formulates and estimates a three-shock US business cycle model. The estimated model accounts for a substantial fraction of the cyclical variation in output and is consistent with the observed inertia in inflation. This is true even though firms in the model reoptimize prices on...

IN THE PREVIOUS ISSUE OF ECON JOURNAL WATCH, KURT Schuler (2005) surveys the truly painful travails of the Argentine people around the turn of the millennium, and the expert commentary from U.S. economists. Schuler sees messy footprints.

This paper formulates and estimates a three-shock US business cycle model. The estimated model accounts for a substantial fraction of the cyclical variation in output and is consistent with the observed inertia in inflation. This is true even though firms in the model reoptimize prices on...

A comparison of U.S. saving rates with those of 15 OECD countries, finding that saving is generally higher in countries that do not subsidize borrowing through interest deductibility.

A summary of the fifth in a series of symposiums sponsored by the Federal Reserve Bank of Cleveland. The September 1994 meeting was dedicated to monetary policy issues and included examinations of the macroeconomic effects of price rigidity and sluggish savings decisions by households, the...

An argument that attempting to alleviate the burden of unemployment on the less affluent through expansionary monetary policy may hurt the clientele it is supposed to serve if, ultimately, the policy leads to higher long-run rates of inflation.

Do countries that inhibit the quick integration of new technologies pay a price in slower economic growth? This commentary suggests they do. Focusing on the level of Internet use to indicate the absorption rate of emerging computer technologies, the authors argue that faster technology...