Fourth Quarter 2008

Detecting Recessions in the Great Moderation: A Real-Time Analysis
Troy Davig (Summary | Article PDF 975K)

The Federal Reserve's Role in Retail Payments: Adapting to a New Environment
Stuart E. Weiner (Summary | Article PDF 199K)

The Affordability of Homeownershp to Middle-Income Americans
Jordan Rappaport (Summary | Article PDF 569K)

Can Markets Improve Water Allocation in Rural America?
Jason Henderson and Maria Akers (Summary | Article PDF 521K)

Third Quarter 2008

Monetary Policy Transparency and Private Sector Forecasts: Evidence from Survey Data
Gordon H. Sellon, Jr. (Summary | Article PDF 842K)

Can Smart Cards Reduce Payments Fraud and Identity Theft?
Richard J. Sullivan (Summary | Article PDF 219K)

The Growth and Volatility of State Tax Revenue Sources in the Tenth District
R. Alison Felix (Summary | Article PDF 664K)

Is Commercial Real Estate Reliving the 1980s and Early 1990s?
C. Alan Garner (Summary | Article PDF 826K)

Second Quarter 2008

What Is the Optimal Inflation Rate?
Roberto M. Billi and George A. Kahn (Summary | Article PDF 407K)

Understanding the Effects of the Merger Boom on Community Banks
Julapa Jagtiani (Summary | Article PDF 447K)

How Is the Rise in National Defense Spending Affecting the Tenth District Economy?
Chad R. Wilkerson and Megan D. Williams (Summary | Article PDF 1,114K)

Will Farmland Values Keep Booming?
Jason Henderson (Summary | Article PDF 1,227K)

First Quarter 2008

Maintaining Stability in a Changing Financial System: Some Lessons Relearned Again?
Thomas M. Hoenig (Summary | Article PDF 122K)

Has the Behavior of Inflation and Long-Term Inflation Expectations Changed?
Todd E. Clark and Taisuke Nakata (Summary | Article PDF 1,024K)

PCE and CPI Inflation Differential: Converting Inflation Forecasts
Craig S. Hakkio (Summary | Article PDF 506K)

Will Rural Prosperity Prevail in 2008?
Jason Henderson and Maria Akers (Summary | Article PDF 556K)