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Economic Perspectives is produced by the staff of the Economic Research Department.

Senior Vice President and Director of Research—Daniel G. Sullivan
Vice President, Financial Studies—Douglas D. Evanoff
Vice President, Macroeconomic Policy Research—Jonas D. M. Fisher
Vice President, Microeconomic Policy Research—Daniel Aaronson
Vice President, Regional Programs—William A. Testa
Senior Financial Economist and Economics Editor—Anna L. Paulson
Editors—Helen O'D. Koshy and Han Y. Choi
Production Editors—Rita Molloy and Julia Baker

The views expressed in Economic Perspectives are the authors' and do not necessarily reflect the views of the Federal Reserve Bank of Chicago or the Federal Reserve System.

© 2009 Federal Reserve Bank of Chicago
Economic Perspectives articles may be reproduced in whole or in part, provided the articles are not reproduced or distributed for commercial gain and provided the source is appropriately credited. Prior written permission must be obtained for any other reproduction, distribution, republication or creation of derivative works of Economic Perspectives articles.

 
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Helen Koshy
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