This article reviews a number of the major economic issues confronting the Federal Communications Commission (FCC) over the past year and discusses new analytic techniques that FCC economists applied to some of those issues. The article also identifies several areas in which further academic...

In recent years, a number of researchers have advocated monetary policy rules for setting the short-term nominal interest rate rules in response to forecasts of inflation, rather than recent outcomes of a limited set of macroeconomic variables such as the well-known Taylor rule. Furthermore,...

This Economic Letter summarizes papers presented at the conference "Technology, Productivity, and Public Policy" held at the Federal Reserve Bank of San Francisco on November 7-8, 2003. The conference was the inaugural event of the new Center for the Study of Innovation and Productivity (CSIP),...

The FRB/US macroeconometric model of the U.S. economy was created at the Federal Reserve Board for use in policy analysis and forecasting. This article begins with an examination of the model's characterization of the monetary transmission mechanism -- the chain of relationships describing how...

It is no news that the movement and storage of goods forms a disproportionately large part of the amount the housewife pays for the product. In addition, most organisations of any size are now familiar with the techniques that can be used to improve logistics and the physical distribution...

John Williams quotes Professor Hesketh of Harvard as saying: “We are at the end of a significant era of technological change in transportation, warehousing, inventory control and order processing. Now a new era is evolving; one that will be marked by institutional rather than technological...

We report new experimental evidence of the household response to weekday differentials in peak and off-peak electricity prices. The data come from Auckland, New Zealand, where peak residential electricity consumption occurs in winter for heating. Peak/off-peak price differentials ranged over...