Economic Research and Data

Economic Review

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1986 Quarter 1 | vol. 22, No. 1


The impact of regional difference in unionism on employment.
by Edward Montgomery

A study of whether changes in unionism affect the aggregate level of employment in the economy and, in particular, whether an individual who lives in an SMSA where unions are weak is more likely to be employed than an individual who lives in an area where unions are strong

PDF file 399K

The changing nature of regional wage differentials from 1975 to 1983.
by Lorie D. Jackson

An estimate of wage differentials between the East North Central region and two Southern regions in 1975 and 1983, and a discussion of the changing nature of the differentials over that period.

PDF file 412K

Labor market conditions in Ohio versus the rest of the United States: 1973-1984.
by James L. Medoff

An examination of trends in employment and earnings in Ohio and the rest of the country between 1973 and 1984, looking especially at the roles of unionization and the exchange value of the dollar.

PDF file 352K

Full PDF version of this issue of the Economic Review 786K


1986 Quarter 2 | vol. 22, No. 2



Metropolitan wage differentials: can Cleveland still compete?
by Randall W. Eberts and Joe A. Stone

A look at the Cleveland metropolitan labor market as a point of comparison to highlight how labor costs in a major industrial city fare with respect to other U.S. cities.

PDF file 339K

The effects of supplemental income and labor productivity on metropolitan labor cost differentials.
by Thomas F. Luce

A discussion of the effects that the combination of supplemental income and labor productivity have on the measurement of metropolitan labor-cost differentials in manufacturing, using data from the 20 largest SMSAs.

PDF file 855K

Reducing risk in wire transfer systems.
by E.J. Stevens

A description of sources of risk in large-dollar transfer systems and a discussion of the Board of Governors' new mechanism for risk control. The author cites examples of potential changes that might facilitate future risk reduction.

PDF file 296K

Full PDF version of this issue of the Economic Review 1,167K


1986 Quarter 3 | vol. 22, No. 3



Exchange-market intervention: the channels of influence.
by Owen F. Humpage

A review of three channels through which central bank intervention could alter exchange rates, concluding that sterilized intervention is a very limited policy tool.

PDF file 420K

Comparing inflation expectations of households and economists: is a little knowledge a dangerous thing?
by Michael F. Bryan and William T. Gavin

A comparison of the performance of forecasts by economists (the Livingston survey), households (the Michigan Survey of Consumer Finances), and a time series model (ARIMA).

PDF file 307K

Aggressive uses of Chapter 11 of the Federal Bankruptcy Code.
by Walker F. Todd

An examination of the aggressive uses of the corporate bankruptcy code from an economic and historical perspective, and some implications for economic competition in the United States.

PDF file 129K

Full PDF version of this issue of the Economic Review 662K


1986 Quarter 4 | vol. 22, No. 4



Disinflation, equity valuation, and investor rationality.
by Jerome S. Fons and William P. Osterberg

An examination of the relationship between inflation and equity prices, concluding that equity prices respond rationally to such factors as real interest rates and risk.

PDF file 401K

The collapse in gold prices: a new perspective.
by Eric Kades

Using a gold-price model that depends heavily on government gold supplies, the author attempts to explain gold price movements since 1981.

PDF file 259K

"Don't panic": a primer on airline deregulation.
by Paul W. Bauer

A summary of the theory behind airline deregulation, and a look at the future evolution of the airline industry as it adapts to its new environment.

PDF file 327K

Full PDF version of this issue of the Economic Review 614K


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