Announcements

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.

Consult the Federal Reserve Bank of Cleveland’s Economic Review on FRASER, from the March 1919 issue (describing the railroad decline’s effect on Pennsylvania steel mill operations) to the 4th quarter 2001 issue (describing how monetary policy could affect corporate finance).

Maria Canon and Yang Liu discuss the Emergency Unemployment Compensation program, which emerged from the Unemployment Extension Act, passed on November 21, 2008. They consider that extended benefits may reduce unemployed workers’ job search efforts, decreasing their likelihood of becoming reemployed.

These circulars were issued to member banks to address key topics in the Reserve Bank’s mission, procedures, and processes. FRASER just added circulars from 1967 to 1971.