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Federal Reserve Bank of St. Louis
1 source for Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
4.193 documents for Federal Reserve Bank of St. Louis
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This analysis discusses recent changes to the user cost figures that are computed as part of the Federal Reserve Bank of St. Louis monetary services indices (MSI). The authors first introduce an alternative splicing procedure, robust to differences in scale between series, for those price subindices which, individually, have a time span shorter than the overall MSI but are spliced to span the entire period. They then correct an error in the calculation of user costs for money market mutual funds that caused these funds' user costs to be based, for a considerable period of time, on the last-reported value for one input data series. Finally, the authors also restore the yield-curve adjustment for composite assets, which they removed from published data during 2004 as they explored the unu...
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Prime mortgage delinquencies and foreclosures are on the rise, but the region served by the Federal Reserve Bank of St. Louis is faring better than the rest of the nation, according to research by the St. Louis Fed. St. Louis Fed research officer Subhayu Bandyopadhyay, economist Ruben Hernandez-Murillo and research associates Craig P. Aubuchon and Christopher J. Martinek used mortgage data from the Mortgage Bankers Association National Delinquency Survey from December 2006 to December 2008 to determine the number of loans that have fallen into delinquency and foreclosure. Their analysis appears in the July 2009 edition of The Regional Economist, the Federal Reserve Bank of St. Louis' quarterly journal of business and economic issues.
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Reporters from Dow Jones, Bloomberg and Reuters news services follow the President's every word looking for potential clues to monetary policy. It provides cash management services, including helping to collect tax payments, managing daily cash and investing temporary excess cash.
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This paper examines the role of community colleges in the U.S. higher education system and their advantages and shortcomings. In particular, it discusses the population of community college students and economic returns to community college education for various demographic groups. It offers new evidence on the returns to an associate's degree. Furthermore, the paper uses data from the National Survey of College Graduates to compare educational objectives, progress, and labor market outcomes of individuals who start their postsecondary education at community colleges with those who start at four-year colleges. Particular attention is paid to the Federal Reserve's Eighth District, the geographic area served by the Federal Reserve Bank of St. Louis.
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This paper examines a tractable real business cycle model with idiosyncratic productivity shocks and binding credit constraints on entrepreneurs. The model shows how firm volatility increases in combination with credit market development. It further generates the observed comovement of credit and firm volatility with output at business cycle frequencies in response to aggregate productivity shocks.
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The authors estimate the responsiveness of aid to recipient countries' economic and physical needs, civil/political rights, and government effectiveness. They look exclusively at the post-Cold War era and use fixed effects to control for the political, strategic, and other considerations of donors. They find that aid and per capita income have been negatively related, while aid has been positively related to infant mortality, rights, and government effectiveness.
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This article is a primer on mortgage finance. It discusses the basics of the mortgage market and mortgage finance. In so doing, it provides useful information that can aid individuals in making better mortgage finance decisions. The discussion and the tools are presented within the context of mortgage finance; however, these same principles and tools can be applied to a wide range of financial decisions.
