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Can the term spread predict output growth and recessions? A survey of the literature. 

This article surveys recent research on the usefulness of the term spread (i.e., the difference between the yields on long-term and short-term...

The federal response to home mortgage distress: lessons from the Great Depression. 

This article examines the federal response to mortgage distress during the Great Depression: It documents features of the housing cycle of the...

Federal Response to Home Mortgage Distress: Lessons from the Great Depression, The 

The federal response to home mortgage distress: lessons from the Great Depression 

Stable Prices, Stable Economy: Keeping Inflation in Check Must Be No. 1 Goal of Monetary Policymakers 

Stable Prices, Stable Economy: Keeping Inflation in Check Must Be No. 1 Goal of Monetary Policymakers 

The Federal Reserve Act as amended in 1977 directs the Federal Reserve to pursue monetary policy to achieve the goals of "maximum employment,...

Measuring Commercial Bank Profitability: Proceed with Caution 

Housing Slump Could Lean Heavily on Economy 

During the recent housing boom, U.S. house prices seemed to shoot up faster than crabgrass. Homeowners enjoyed an average increase of 54.4 percent...

Stock market booms and monetary policy in the twentieth century. 

This article examines the association between stock market booms and monetary policy in the United States and nine other developed countries...

Stock Market Booms and Monetary Policy in the Twentieth Century