Business Review

The Business Review, which is published quarterly, presents articles written by our staff economists that are aimed at readers with a general interest in economics. Topics covered include economic policy, banking, and financial and regional economics.

The Business Review includes less technical articles written by economists in the Bank's Research Department. They are intended for a wide audience and often address timely economic issues.

Recent Issues

Third Quarter 2008

The Geography of Research and Development Activity in the U.S. by Kristy Buzard and Jerry Carlino
Abstract • Full article (4.30 MB, 11 pages)
Creative Destruction and Aggregate Productivity Growth by Shigeru Fujita
Abstract • Full article (190 KB, 12 pages)
Ten Years After: What Are the Effects of Business Method Patents in Financial Services? by Bob Hunt
Abstract • Full article (290 KB, 14 pages)
Summary of the 2007 Philadelphia Fed Policy Forum
Full article (267 KB, 7 pages)
Research Rap
Full article (160 KB, 3 pages)

Second Quarter 2008

Why Are Goods So Cheap in Some Countries? by George Alessandria and Joseph Kaboski
Abstract • Full article (263 KB, 12 pages)
Liquidity Crises by Ronel Elul
Abstract • Full article (209 KB, 10 pages)
The Evolution of the World Income Distribution by Keith Sill
Abstract • Full article (210 KB, 10 pages)

First Quarter 2008

The Economic Logic of a Fresh Start by Satyajit Chatterjee
Abstract • Full article (165 KB, 8 pages)
The Industrial Revolution and the Demographic Transition by Aubhik Khan
Abstract • Full article (168 KB, 7 pages)
Human Capital and Higher Education: How Does Our Region Fare? by Tim Schiller
Abstract • Full article (182 KB, 11 pages)
Recent Developments in Consumer Credit and Payments by Mitchell Berlin
Abstract • Full article (152 KB, 7 pages)
Financing Community Development: Learning from the Past, Looking to the Future by Loretta Mester
Abstract • Full article (260 KB, 17 pages)
Research Rap
Full article (90 KB, 2 pages)