Vol. 86, No. 2
Second Quarter 2001

Left aligned image.

Turn, Turn, Turn: Predicting Turning Points in Economic Activity
Marco Del Negro
This article provides some evidence on econometric models' ability to predict directional changes, also known as turning points, in an effort to answer the question, How good is the state of the art in turning point forecasting?

Left aligned image.

Regional Research and Development Intensity and Earnings Inequality
Susan Dadres and Donna K. Ginther
In this article the authors examine technology's effect on earnings and income inequality by using interstate differences in technology.

Left aligned image.

Managed Care for Brazil's Banks
Elizabeth McQuerry
This article first discusses policy choices facing government decision makers in opening domestic financial sectors and then examines the basic features of Brazil's banking sector reform within the context of other changes and policy objectives taking place in Brazil.