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Eighth Notes



Widening bond rate spreads--like the ones we saw last fall--are usually a sign of recession. This time, though, seems to be a different story.

President's Message

Bill Poole

Paper Tigers? How the Asian Economies Lost Their Bite



Until mid-1997, the tigers of Southeast Asia were the envy of the economic kingdom. So what happened? It's not a simple "tail" to tell.

Lead Article
by Michelle Clark Neely

Models and Monetary Policy:
More Science than Art?


It has been said that, "Forecasters may never be right, but they are never in doubt." Not with a good model by their side, that is.

Economic Background
by Kevin L. Kliesen

The National and District Economies:
Are They Marching in Step?


All of the stops and starts the national and regional economies made in 1998 were enough to make a drum major dizzy.

Economic Briefing
by Adam M. Zaretsky

Pieces of Eight


  • RE embarks upon economic expedition
  • Not your grandfather's data pages

News Briefs from the Eighth District

District Data


Selected measures of the region's business, banking and agricultural sectors