• Research & Data
• Education
• Payment Cards Center
• Bank Resources
• Community Development

• Newsroom
• Careers
• Publications

Monday, February 13, 2012

[ – ] Text Size [ + ]  |  Print Page

Home > Research & Data > Research Publications > Business Review > Business Review Articles By Author

Business Review Articles By Author

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.

Alessandria, George (economist's home page)

• Understanding Exports from the Plant Up (with Horag Choi)
• The Exchange Rate: What's in It for Prices? (with Jarcy Zee)
• Why Are Goods So Cheap in Some Countries?
• Trade Deficits Aren't as Bad as You Think

Armenter, Roc (economist's home page)

• Output Gaps: Uses and Limitation

Babyak, Kevin

• Looking Ahead: Leading Indexes for Pennsylvania and New Jersey (with Ted Crone)

Ball, Laurence

• How Do Forecasts Respond to Changes in Monetary Policy? (with Dean Croushore)

Berlin, Mitchell (economist's home page)

• Can We Explain Banks’ Capital Structures?
• Summary: Workshop on Recent Developments in Consumer Credit and Payments
• Bank Credit Standards
• Recent Developments in Consumer Credit and Payments
• Debt Maturity: What Do Economists Say? What Do CFOs Say?
• True Confessions: Should Banks Be Required to Disclose More?
• Trade Credit: Why Do Production Firms Act as Financial Intermediaries?
• Should Business Bankruptcy Be a One-Chapter Book?
• 'We Control the Vertical': Three Theories of the Firm
• Why Don't Banks Take Stock?
• Jack of All Trades? Product Diversification in Nonfinancial Firms
• That Thing That Venture Capitalists Do
• For Better and for Worse: Three Lending Relationships
• Banking Reform: An Overview of the Restructuring Debate
• Bank Loans and Marketable Securities: How Do Financial Contracts Control Borrowing Firms?
• Loan Commitments: Insurance Contracts in a Risky World

Bessen, James

• The Software Patent Experiment (with Robert Hunt)

Boehne, Edward

• Financial Modernization: Vastly Different or Fundamentally the Same?

Buzard, Kristy

• The Geography of Research and Development Activity in the U.S. (with Gerald A. Carlino)

Carlino, Gerald A. (economist's home page)

• Three Keys to the City: Resources, Agglomeration Economies, and Sorting
• Beautiful City
• The Geography of Research and Development Activity in the U.S. (with Kristy Buzard)
• The Great Moderation in Economic Volatility: A View from the States
• Should Cities Be Ready for Some Football? Assessing the Social Benefits of Hosting an NFL Team (with N. Edward Coulson)
• A Confluence of Events? Explaining Fluctuations in Local Employment
• Knowledge Spillovers: Cities' Role in the New Economy
• From Centralization to Deconcentration: People and Jobs Spread Out
• Do States Respond Differently to Changes in Monetary Policy? (with Robert H. DeFina)
• Trends in Metropolitan Employment Growth
• Regional Economies: Separating Trends from Cycles (with Keith Sill)
• Does Monetary Policy Have Differential Regional Effects? (with Robert H. DeFina)

Caskey, John

• The Evolution of the Philadelphia Stock Exchange

Ceglowski, Janet

• Has Globalization Created a Borderless World?

Chatterjee, Satyajit (economist's home page)

• A Theory of Asset Price Booms and Busts and the Uncertain Return to Innovation
• De-Leveraging and the Financial Accelerator: How Wall Street Can Shock Main Street
• The Peopling of Macroeconomics: Microeconomics of Aggregate Consumer Expenditures
• The Economic Logic of a Fresh Start
• Ores and Scores: Two Cases of How Competition Led to Productivity 'Miracles'
• Agglomeration Economies: The Spark That Ignites a City?
• The Taylor Curve and the Unemployment-Inflation Tradeoff
• Why Does Countercyclical Monetary Policy Matter?
• From Cycles to Shocks: Progress in Business-Cycle Theory
• Real Business Cycles: A Legacy of Countercyclical Policies?
• Taxes, Homeownership, and the Allocation of Residential Real Estate Risks

Choi, Horag

• Understanding Exports from the Plant Up (with George Alessandria)

Coulson, N. Edward

• Should Cities Be Ready for Some Football? Assessing the Social Benefits of Hosting an NFL Team (with Gerald Carlino)
• Housing Policy and the Social Benefits of Homeownership

Crone, Theodore M.

• A Pattern of Regional Differences in the Effects of Monetary Policy
• What a New Set of Indexes Tells Us About State and National Business Cycles
• What Test Scores Can and Cannot Tell Us About the Quality of Our Schools
• The Long and the Short of It: Recent Trends and Cycles in the Third District States
• The Changing Faces of the Third District: A Snapshot of the Region from the 2000 Census
• A New Look at Economic Indexes for the States in the Third District
• The Philadelphia Story: A New Forecasting Model for the Region (with Michael McLaughlin)
• House Prices and the Quality of Public Schools: What Are We Buying?
• Where Have All the Factory Jobs Gone—and Why?
• Looking Ahead: Leading Indexes for Pennsylvania and New Jersey (with Kevin Babyak)

Croushore, Dean

• Philadelphia Fed Forecasting Surveys: Their Value for Research
• Consumer Confidence Surveys: Can They Help Us Forecast Consumer Spending in Real Time?
• U.S. Coins: Forecasting Change
• How Do Forecasts Respond to Changes in Monetary Policy? (with Laurence Ball)
• A Funny Thing Happened on the Way to the Data Bank: A Real-Time Data Set for Macroeconomists (with Thomas Stark)
• How Useful Are Forecasts of Corporate Profits?
• Low Inflation: The Surprise of the 1990s
• The Livingston Survey: Still Useful After All These Years
• Inflation Forecasts: How Good Are They?

DeFina, Robert

• Do African Americans Prefer to Live in Segregated Communities?
• Does Lower Unemployment Reduce Poverty?
• Do States Respond Differently to Changes in Monetary Policy? (with Gerald Carlino)
• Does Monetary Policy Have Differential Regional Effects? (with Gerald Carlino)

Dotsey, Michael (economist's home page)

• Monetary Policy in a Liquidity Trap
• Commitment Versus Discretion in Monetary Policy
• A Review of Inflation Targeting in Developed Countries
• How the Fed Affects the Economy: A Look at Systematic Monetary Policy

Elul, Ronel (economist's home page)

• What Have We Learned About Mortgage Default?
• Regulating Short-Sales
• Liquidity Crises
• Residential Mortgage Default
• The Economics of Asset Securitization

Eudey, Gwen

• Why Is Europe Forming a Monetary Union?

Faberman, Jason

• How Do Businesses Recruit?
• Hiring, Job Loss, and the Severity of Recessions

Fujita, Shigeru (economist's home page)

• Economic Effects of the Unemployment Insurance Benefit
• Earnings Losses of Job Losers During the 2001 Economic Downturn (with Vilas Rao)
• Creative Destruction and Aggregate Productivity Growth
• What Do Worker Flows Tell Us About Cyclical Fluctuations in Employment?

Golub, Stephen

• Does Trade with Low-Wage Countries Hurt American Workers?

Hopper, Gregory

• What Determines the Exchange Rate: Economic Factors or Market Sentiment?
• Value at Risk: A New Methodology for Measuring Portfolio Risk

Huang, Kevin

• Ups and Downs: How Wages Change Over the Business Cycle

Huang, Rocco

• Because I’m Worth It? CEO Pay and Corporate Governance

Hunt, Robert

• Ten Years After: What Are the Effects of Business Method Patents in Financial Services?
• Collecting Consumer Debt in America
• Whither Consumer Credit Counseling?
• The Software Patent Experiment
• Antitrust Issues in Payment Card Networks: Can They Do That? Should We Let Them?
• What's in the File? The Economics and Law of Consumer Credit Bureaus
• You Can Patent That? Are Patents on Computer Programs and Business Methods Good for the New Economy?
• Patent Reform: A Mixed Blessing for the U.S. Economy?

Inman, Robert

• Should Philadelphia's Suburbs Help Their Central City?

Kianian, Behzad

• China's Emergence as a Manufacturing Juggernaut: Is It Overstated? (with Kei-Mu Yi)

Khan, Aubhik

• Accounting for Cross-Country Differences in Income Per Capita
• The Role of Segmented Markets in Monetary Policy
• Why Are Married Women Working More? Some Macroeconomic Explanations
• The Role of Inventories in the Business Cycle
• Understanding the Life-Cycle of a Manufacturing Plant
• Understanding Changes in Aggregate Business Fixed Investment
• The Finance and Growth Nexus

Kuester, Keith

• The Effectiveness of Government Spending in Deep Recessions: A New Keynesian Perspective

Leduc, Sylvain

• Deficit-Financed Tax Cuts and Interest Rates
• How Inflation Hawks Escape Expectations Traps
• Oil Prices Strike Back
• Who Cares About Volatility? A Tale of Two Exchange-Rate Systems

Leitner, Yaron (economist's home page)

• Why Do Markets Freeze?
• Convertible Securities and Venture Capital Finance
• Stock Prices and Business Investment
• Using Collateral to Secure Loans
• Legal Uncertainty and Contractual Innovation
• Liquidity and Exchanges, or Contracting with the Producers
• A Lifeline for the Weakest Link? Financial Contagion and Network Design

Lewis, Ethan

• Is Technology Raising Demand for Skills, or Are Skills Raising Demand for Technology?
• How Do Local Labor Markets in the U.S. Adjust to Immigration?

Li, Wenli (economist's home page)

• American Dream or American Obsession? The Economic Benefits and Costs of Homeownership (with Fang Yang)
• Residential Housing and Personal Bankruptcy
• What Do We Know About Chapter 13 Personal Bankruptcy Filings?
• Your House Just Doubled in Value? Don't Uncork the Champagne Just Yet! (with Rui Yao)
• Moving Up: Trends in Homeownership and Mortgage Indebtedness

Lin, Jeffrey (economist's home page)

• Urban Productivity Advantages from Job Search and Matching

McAndrews, James J.

• Network Issues and Payment Systems
• Making Payments on the Internet

McLaughlin, Michael

• The Philadelphia Story: A New Forecasting Model for the Region (with Theodore M. Crone)

Mester, Loretta (economist's home page)

• Changes in the Use of Electronic Means of Payment: 1995-2007
• Financing Community Development: Learning from the Past, Looking to the Future
• Economic Growth and Development: Perspectives for Policymakers
• Fiscal Imbalance: Problems, Solutions, and Implications
• Changes in the Use of Electronic Means of Payment: 1995-2004
• Is the Personal Bankruptcy System Bankrupt?
• Changes in the Use of Electronic Means of Payment
• The Changing Nature of the Payment System: Should New Players Mean New Rules?
• Banking Industry Consolidation: What's a Small Business to Do?
• What's the Point of Credit Scoring?
• Repealing Glass-Steagall: The Past Points the Way to the Future

Monnet, Cyril

• Rehypothecation
• Let's Make It Clear: How Central Counterparties Save(d) the Day

Nakajima, Makoto (economist's home page)

• Understanding House-Price Dynamics

Nakamura, Leonard (economist's home page)

• How Much Is That Home Really Worth? Appraisal Bias and House-Price Uncertainty
• The Mismeasured Personal Saving Rate Is Still Useful: Using Real-Time Data to Improve Forecasting
• Gimme Shelter! Rents Have Risen, Not Fallen, Since World War II
• Underestimating Advertising: Innovation and Unpriced Entertainment
• CEOs, Clerks, Computers, and the Rise of Competition in the Late 20th Century
• Let a Hundred Flowers Bloom! Decentralization and Innovation
• Investing in Intangibles: Is a Trillion Dollars Missing from GDP?
• Economics and the New Economy: The Invisible Hand Meets Creative Destruction
• Intangibles: What Put the New in the New Economy?
• The Retail Revolution and Food-Price Mismeasurement
• Is the U.S. Economy Really Growing Too Slowly? Maybe We're Measuring Growth Wrong

Ohanian, Lee

• How Capital Taxes Harm Economic Growth: Britain Versus the United States
• When the Bubble Bursts: Psychology or Fundamentals?

Rao, Vilas

• Earnings Losses of Job Losers During the 2001 Economic Downturn (with Shigeru Fujita)

Saiz, Albert

• The Impact of Immigration on American Cities: An Introduction to the Issues

Santomero, Anthony M.

• A Farewell from President Santomero
• Making Monetary Policy: What Do We Know and When Do We Know It?
• Preparing for the 21st Century Economy
• Monetary Policy and Inflation Targeting in the United States Banking in the 21st Century
• Great Expectations: The Role of Beliefs in Economics and Monetary Policy
• Monetary Policy: Stability Through Change
• Knowledge Is Power: The Importance of Economic Education
• Flexible Commitment or Inflation Targeting for the U.S.?
• Corporate Governance and Responsibility
• Process and Progress in Risk Management
• Forces Shaping Philadelphia's Future
• The U.S. Experience with a Federal Central Bank System
• Does Bank Regulation Help Bank Customers?
• What Monetary Policy Can and Cannot Do
• The Causes and Effects of Financial Modernization
• Perspectives on Research Issues in Consumer Behavior
• The Complexities of Monetary Policy
• New Beginnings

Schiller, Timothy

• What’s It Worth? Property Taxes and Assessment Practices
• Riding the Revenue Roller Coaster: Recent Trends in State Government Finance
• Growing Slowly, Getting Older: Demographic Trends in the Third District States
• Human Capital and Higher Education: How Does Our Region Fare?
• Housing: Boom or Bubble?
• After the Baby Boom: Population Trends and the Labor Force of the Future
• Sprawl: What's in a Name?
• Taking the Measure of Manufacturing (with Michael Trebing)
• From Laboratory to Market: The Biotechnology Industry in the Third District
• Rewiring the System: The Changing Structure of the Electric Power Industry
• Agriculture in the Third District: Fertile Fields Outside the Farm Belt
• Regional Trends in Federal Government Spending
• The Travel Market in the United States and the Third District

Sill, Keith (economist's home page)

• Inflation Dynamics and the New Keynesian Phillips Curve
• News About the Future and Economic Fluctuations
• The Evolution of the World Income Distribution
• The Macroeconomics of Oil Shocks
• What Accounts for the Postwar Decline in Economic Volatility?
• Widening the Wage Gap: The Skill Premium and Technology
• The Gains from International Risk-Sharing
• Understanding Asset Values: Stock Prices, Exchange Rates, and the "Peso Problem"
• Forecasts, Indicators, and Monetary Policy
• Restructuring During Recessions: The Silver Lining in the Cloud?
• Regional Economies: Separating Trends from Cycles (with Gerald Carlino)
• The Economic Benefits and Risks of Derivative Securities
• The Cyclical Volatility of Interest Rates

Stark, Tom

• A Sumary of the Conference of Real-Time Data Analysis
• A Funny Thing Happened on the Way to the Data Bank: A Real-Time Data Set for Macroeconomists (with Dean Croushore)

Temzelides, Ted

• Are Bank Runs Contagious?

Thomas, Julia

• Rethinking the Implications of Monetary Policy: How a Transactions Role for Money Transforms the Predictions of Our Leading Models

Trebing, Michael E.

• Taking the Measure of Manufacturing (with Timothy Schiller)
• What's Happening in Manufacturing: "Survey Says..."

Voith, Richard

• How Responsive Is the Demand for Residential Land to Changes in Its Price?
• Has Suburbanization Diminished the Importance of Access to Center City?
• Does the Federal Tax Treatment of Housing Affect the Pattern of Metropolitan Development?
• The Downtown Parking Syndrome: Does Curing the Illness Kill the Patient?
• The Suburban Housing Market: The Effects of City and Suburban Job Growth
• Central City Decline: Regional Neighborhood Solutions

Wrase, Jeffrey

• The Interplay Between Home Production and Business Activity
• The Euro and the European Central Bank
• Is the Fed Being Swept Out of (Monetary) Control?
• Inflation-Indexed Bonds: How Do they Work?

Yang, Fang

• American Dream or American Obsession? The Economic Benefits and Costs of Homeownership (with Wenli Li)

Yao, Rui

• Your House Just Doubled in Value? Don't Uncork the Champagne Just Yet! (with Wenli Li)

Yi, Kei-Mu

• China's Emergence as a Manufacturing Juggernaut: Is It Overstated? (with Behzad Kianian)
• International Trade: Why We Don’t Have More of It (with E. Ostapik)
• What Will the Next Export Boom Look Like? Some Hints from the Late 1980s

Zee, Jarcy

• The Exchange Rate: What's in It for Prices? (with George Alessandria)

Return to the Business Review main page.

• Late update: October 31, 2011