To download the entire January issue in one large file right click the link below, and choose Save to Disk. (Due to the large file size, you will have best results downloading the file and saving it, rather than trying to view it online.) January Issue (PDF, 2.5 MB)

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Front Matter (PDF)

From the Editor

Harvey Rosenblum: Understanding Inflation

Edward J Kane: What Economic Principles Should Policymakers in Other Countries Have Learned About the S & L Mess?

George G. Kaufman: The Use of Economic Analysis to Affect Public Economic Policy

George J Benston: How Much Regulation of Financial Services Do We Really Need?

John B. Taylor: Strengthening the Global Economy

Arturo C. Porzecanski: A Critique of Sovereign Bankruptcy Initiatives

Albert E. DePrince Jr: Assessing the Term Structure of Expected Inflation Using Treasury Inflation-Protected Securities

Robert J. Cuomo: Impact of Macro Shocks and Utility Restructuring on Energy Markets

Richard B. Berner: Benefits from Eliminating the Double-Taxation of Dividends

Book Reviews: The Art of War 3: The Canons of Commerce, by Sun-Tzu Wu and David I. Goldenberg; Handbook of Investment Research - Economic and Financial Indicators as Market Movers, By Conrad Mattern