Economic Commentary
Providing you with in-depth analysis of current economic and financial issues.
1985
- December 15, 1985
- How Desirable is Dollar Depreciation?
- An analysis of the possible effects of dollar depreciation on prices and inflation, on the balance of trade, and on real gross national product. (PDF)
- December 1, 1985
- The Difficulty in Explaining Postwar Stability
- A discussion of the business cycle before and after the Second World War, with a survey and critique of major arguments used to explain superior postwar economic stability. (PDF)
- November 15, 1985
- Bank Earnings: Comparing the Extremes
- An examination of bank profitability in a four-state region and a discussion of institutional, operational, and locational differences between the most profitable and least profitable banks. (PDF)
- November 1, 1985
- Reserve Borrowings and the Money Market
- A discussion of the discount window’s role in monetary policy operations, emphasizing the spread between the federal funds rate and the discount rate. (PDF)
- October 15, 1985
- International Trade and the Fourth District?s Recovery
- An overview of the impact of foreign trade on the Fourth Federal Reserve District economy, with emphasis on the capital goods, steel, and auto industries. (PDF)
- October 1, 1985
- The M1 target and Disinflation Policy
- An examination of the monetary policy goals of the Federal Reserve System, with a discussion of the role of the M1 target. (PDF)
- September 15, 1985
- Interstate Banking: Its Impact on Ohio Banks
- A discussion of Ohio’s interstate banking legislation and its implications for banking in Ohio. (PDF)
- September 1, 1985
- The Dollar in the Eighties
- An analysis of exchange-rate patterns and a discussion of factors thought to influence the strength of the dollar in the foreign exchange market. (PDF)
- August 15, 1985
- Medicaid: Federalism and the Reagan Budget Proposals
- An outline of the development and provisions of the Medicaid program and an analysis of the Reagan administration’s proposals to change its funding. (PDF)
- August 1, 1985
- Solutions to the International Debt Problem
- A general discussion of the nature of the international debt problem and an analysis of a number of proposals for solving it. (PDF)
- July 15, 1985
- Is Manufacturing Disappearing?
- An analysis of broad national and regional trends in manufacturing that questions the validity of many popular beliefs about the decline of the manufacturing sector. (PDF)
- July 1, 1985
- The Dynamics of Federal Debt
- An examination of the federal deficit and of the possible effects of persistently high levels of federal debt on real interest rates, private investment, and the economy’s real growth. (PDF)
- June 15, 1985
- Major Trends in Capital Formation
- A discussion of three major trends in capital formation in the United States, and of the possible impact they could have on the future of the domestic capital goods industry. (PDF)
- June 1, 1985
- The Financial Distress in American Farming
- An analysis of the uneven distribution of problem debt among the nation’s farmers, a discussion of the effect of this debt on agricultural banks, and an estimate of the probable impact of farm debt problems on the nation (PDF)
- May 15, 1985
- CRR and Monetary Control
- A review of the history of the lagged reserve requirements—contemporaneous reserve requirements controversy and a discussion of the relative importance of reserve timing under various operating procedures. (PDF)
- May 1, 1985
- The Debt Burden: What you Don’t See
- An examination of the federal deficit and a discussion of how an increasing debt burden could cause a serious threat to long-term U.S. economic growth. (PDF)
- April 15, 1985
- Imports and Domestic Steel
- A history of the struggle between producers of imported and domes- tic steel, and a discussion of long-term trends in the steel industry. (PDF)
- April 1, 1985
- Federal Reserve?s Response to the Problems Experienced by ODGF Thrifts
- The statement made to Congress concerning the Federal Reserve Bank of Cleveland’s role in helping the state of Ohio deal with the financial problems experienced by thrifts insured by the Ohio Deposit Guarantee Fund. (PDF)
- March 15, 1985
- Will Taxing Imports Help?
- An examination of the possible impact on U.S. consumers and producers of placing an across-the-board tariff surcharge on imported goods. (PDF)
- March 1, 1985
- The 1985 Humphrey-Hawkins Testimony
- A review of Federal Reserve Chairman Paul A. Volcker’s testimony before Congress about the System’s monetary targets for 1985, with an analysis of some current monetary policy issues. (PDF)
- February 15, 1985
- Deposit Rates and Local Markets
- An analysis of the effects of local market structure on deposit rates, using a sample of depository institutions in Ohio. (PDF)
- February 1, 1985
- Recent Changes in the Consumer Bankruptcy Laws
- A discussion of the effects of, and apparent problems caused by, the Bankruptcy Reform Act of 1978, with a look at the likely impact of the 1984 amendments to the Act. (PDF)
- January 15, 1985
- Will Adjustable Rate Mortgages Survive?
- An examination of adjustable rate mortgages with emphasis on their sensitivity to mortgage market pressures, using national statistics and a survey of Ohio institutions. (PDF)
- January 1, 1985
- Ohio’s Electricity Prices
- An examination of fuel costs, price and productivity trends, and the regulatory process to determine implications for the future price of electricity in Ohio. (PDF)