Monetary policy, Federal Reserve Bank, International economics, Interest rates, Economic globalization, Economic policy, Financial markets, Financial economics, and Inflation rates
Changes in technology and the surge in international trade have impacted domestic monetary policy. However, these changes have not weakened the Federal Reserve's ability to affect aggregate demand, have not exposed U.S. interest rates and monetary policy to undue influence from abroad nor have they broken the link between monetary policy and domestic inflation.
Vital Speeches of the Day. 12/1/93, Vol. 60 Issue 4, p98. 3p.
BALANCE of trade and COMMERCE
Presents speech by the President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, given before the National Association of Business Economists, dealing with the issue of America's trade deficit and the country's ability to compete globally. Macroeconomic fundamentals; Price competitiveness and fundamentals; Growth in exports from 1986 to 1992; `Unfair trade practices'.
Vital Speeches of the Day. 1/15/89, Vol. 55 Issue 7, p197-199. 3p.
ECONOMIC expansion, PRICE inflation, and ECONOMIC development
Presents a speech by Robert T. Parry, president of Federal Reserve Bank of San Francisco, delivered to the Town Hall of California in Los Angeles, California on December 6, 1988. Economic expansions in the U.S. for the past years; Definition of "structural imbalances"; Effects of inflation on economic growth and business cycle swings.
Vital Speeches of the Day. 3/15/88, Vol. 54 Issue 11, p330-332. 3p.
ECONOMIC expansion, STOCK exchanges, UNEMPLOYMENT, and FOREIGN exchange rates
Presents a speech by Robert T. Parry, president at Federal Reserve Bank of San Francisco, delivered at the Town Hall of California, Los Angeles on January 28, 1988. Impact of economic expansion on the stock-market in the U.S.; Decline in unemployment rate in the country; Information on the foreign exchange value of the dollar.
Thomson, Thomas D., Pierce, James L., and Parry, Robert T.
Journal of Money, Credit & Banking (Ohio State University Press); Nov75, Vol. 7 Issue 4, p411-431, 21p, 13 Charts
MONETARY policy, MATHEMATICAL models, MONEY market, TREASURY bills, GOVERNMENT securities, and ECONOMIC structure
The article examines the performance of an economic model of the money market in the United States that was built to provide insights into the U.S. market and to provide predictions of the short-run consequences for the monetary aggregates and short-term interest rates of alternative monetary policies. This model affects public, government and commercial banks as all three sectors interact to determine values for currency, demand deposits, CD's, other time deposits, public and bank holdings of Treasury bills, excess reserves, borrowed reserves, as well as rates on Federal funds, CD's, 30- and 180-day Treasury bills, and prime commercial paper.
Profit forecasting, Corporate profits, Economic forecasting, Unit labor costs, Labor costs, Corporate taxes, Inflation rates, Gross national product, Economic profit, and Profits
The performance of profits since 1961 is reviewed. A methodology for forecasting profits is outlined and a forecast of 1976 profits made using this methodology and the most likely assumptions for the economy in the year ahead. Finally, alternative profit scenarios are developed using optimistic and pessimistic assumptions regarding the economy's performance.