Vol. 84, No. 1
First Quarter 1999
Vector Autoregressions: Forecasting and Reality
John C. Robertson and Ellis W. Tallman
The authors of this article describe a particular model-based forecasting approach, a vector autoregression comprising six U.S. macroeconomic variables.
Against the Tide: Malcolm Bryan and the Introduction of Monetary Aggregate Targets
R. W. Hafer
This article examines the contributions of Malcolm Bryan, president of the Atlanta Fed from 1951 through 1965, to this debate and to the evolution of monetary policy in the postaccord era.
Economics and Crime in the States
This article introduces the economics and crime literature by describing a simple supply-and-demand crime model in which criminals supply crime, the public demands protection from crime, and the government provides public protection.