Showing papers by "Federal Reserve Bank of St. Louis published in 1986"
TL;DR: This article examined the cross-market consistency of the response using six bilateral exchange rates and the Treasury bill rate, all measured over a narrow time interval, and found that these markets do not respond simultaneously to money announcements.
27 citations
TL;DR: The Farm Credit System (FCS), a borrower-owned cooperative whose bonds carry an implied federal guarantee, held about 27% of total outstanding farm debt in 1987 and the Farmers Home Administration (FmHA), a federal agency that makes loans to farmers who are attempting to cope with emergency situations as discussed by the authors.
Abstract: Institutions with the direct or implied support of the federal government have supplied on average in the 1980s 45% of total credit received by the agricultural sector of the U.S. economy. The Farm Credit System (FCS), a borrower-owned cooperative whose bonds carry an implied federal guarantee, held about 27% of total outstanding farm debt in 1987. The Farmers Home Administration (FmHA), a federal agency that makes loans to farmers who are attempting to cope with emergency situations, held an additional 17%.
11 citations
TL;DR: In this paper, the authors focus on some fundamentals of economic analysis and the empirical record that have been extensively ignored in discussions of exchange rates and US trade in the 1980s and address both the issue of why an appreciation of the dollar was associated with the relatively strong performance of the US economy in the first half of the decade, and why the subsequent depreciation could be associated with a reduction in US real income growth.
4 citations