The Region

December 2009 Issue

Top of the Ninth

  • Work to be Done
    Narayana Kocherlakota's inaugural column on the importance of communication and using research to address key policy questions [PDF]


Research Digest

A new <em>Region</em> feature that provides summaries of recent papers.<br>

  • Solving Asset Market Riddles
    In three papers, Monika Piazzesi and Martin Schneider explore asset market puzzles with the help of heterogeneous and less-than-rational economic actors. [PDF]
  • Giving Credit Its Due
    A multicountry analysis by Cristina Arellano, Yan Bai and Jing Zhang suggests that healthy credit markets are crucial to efficient operation of a nation's firms—both large and small. [PDF]

Book Review

Virtual Fed