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Banking and Policy Issues Magazine

September 2001

Top of the Ninth
Gary Stern, president of the Federal Reserve Bank of Minneapolis, shares his thoughts on the difficulty of generating accurate
short-term economic forecasts.

Using Market Data in the Supervisory Process
Discussion from a spring symposium on the use of market data in the bank supervision process.

Introduction to the Symposium

Harnessing Market Discipline

Remarks by Fed Chairman Alan Greenspan.

Taking Market Data Seriously
Gary Stern on what can be learned through market data.

Market Data and Bank Supervision:
The Transition to Practical Use
Incorporating market data into the examination process.

Region cover

The Magic's Gone
A hard look at the data shows that the famous NAIRU Phillips curve does no better at forecasting inflation than a simple look at the past.

Chasing the Tail of High-Tech
The impact of high-tech industries, seen as the mainstay of the new economy, proves difficult to gauge.

Interview with Thomas Sowell
Hoover Institution economist and prolific author talks about the value of economic literacy in formulating better public policy, his writing style and a variety of other topics.

Locating Federal Reserve Districts and Headquarters Cities
What determined district boundaries and Fed headquarters cities in 1914? A review of the writings of Henry Parker Willis gives us an idea.

Guest Editorial
Minneapolis Fed Vice President and Advisor Preston Miller reflects on homelessness and offers some important considerations and relevant facts about this significant issue.

Remembering When ...
In 1836 the Charlotte Mint began producing gold coins as the first branch of the U.S. Mint in Philadelphia.

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