“Step back from the complexity of actual money markets and imagine an economy in which every payment is made in cash…” Read “Liquidity: Meaning, Measurement, Management” by Nobel laureate Robert Lucas (and four other articles) in the latest issue of Review.

September 9, 2014: The IDEAS bibliographic database surpassed 1.5 million online documents. IDEAS has been and continues to be the largest freely available electronic database of economic content.

Analysts and journalists often emphasize initial unemployment insurance claims to describe the bigger unemployment picture. This Economic Synopses essay illuminates the limitations of that approach.

In September, the St. Louis Fed will host a new conference for librarians and information professionals—Beyond the Numbers. Economic information experts will share their insights on improving access to and understanding of economic information.

In September, the St. Louis Fed will host a new conference for librarians and information professionals—Beyond the Numbers. Economic information experts will share their insights on improving access to and understanding of economic information.

ES No. 18: Market patterns show that investor expectations do affect portfolio choices. But return-chasing behavior can be costly: up to 5% lower returns than with the traditional buy-and-hold strategy. ES No. 19: Italian and Spanish govt. bond yields are nearly equal to those in the U.S. Does this mean their risk levels are nearly equal? The answer is given in terms of inflation expectations, which are lower for the euro than for the dollar.