June 2001 Issue
Peruvian economist and president of the Institute for Liberty and Democracy shares his thoughts on the intrinsic wealth in poor countries, 19th century United States as Third World country and more.
Top of the Ninth
Gary Stern, president of the Federal Reserve Bank of Minneapolis, discusses bankers’ views on funding issues and the impact of deposit insurance on the situation.
Bank Funding: Challenges ahead but no crisis
Top of the Ninth
Sterilized fx: They may attract attention and make people feel good, but ultimately they're all show and no dough
A look at the way governments intervene on behalf of their currency to bolster or weaken value against other world currencies, in particular the European Central Bank's September 2000 initiative.
The Vanishing Equity Premium
The equity premium—the premium that investors receive for investing in stocks rather than bonds—appears to have decreased substantially in recent years, just as economic theory says it should.
The Stock Market: Too High, Too Low? Just Right.
Two Fed economists argue that the historically high market levels of early 2000 were fully justified by theory, and they explain why the market was lower in the past,
Icebergs and Government Productivity
While private sector productivity has surged of late, government productivity trends are anyone's guess because no one's keeping track
Catching up with Lawrence Lindsey
Once a Fed governor considering monetary policy, now head of the president’s National Economic Council pondering fiscal policy.
Do Women's Economic Decisions Differ from Men's?
Recap of a conference on economic decision making in women's lives and careers.
Student Essay Contest
Winner - Kelly Brooks
Calming the Panics of the Great Depression: The creation of effective Federal Reserve and banking policy
2000-2001 Student Essay Contest Winner
The Code Book