This essay considers that more-productive workers are less likely to be unemployed or leave the labor force.
See the latest issue of Review for some historical detective work on the politics and economics behind Missouri’s two Federal Reserve Banks.
From Economic Synopses: After the Great Recession, long-term unemployment increased disproportionately for older women.
The latest issue of Review covers monetary policy from three directions: fear of “liftoff,” the role of exchange rate rules, and a model of policy before and after the Great Recession.
A recent Wall Street Journal editorial cites the research of Steve Williamson, economist and VP here at the St. Louis Fed. The essay, forthcoming in the Journal of Economic Literature, examines the efficacy of monetary policy (e.g., QE) in response to financial crises.
This Economic Synopses essay shows that slower “credit creation” and not faster “credit destruction” is behind the recent evolution of U.S. household debt.
This Economic Synopses essay describes the likely debt crisis scenarios for Greece.
This Economic Synopses essay discusses whether financial engineering can distribute the pecuniary risk of medical research—and play a role in curing disease.
FRASER has added the Federal Reserve Bank of Cleveland’s working papers—preliminary research conducted by the economists of the 4th District—from 1981-1995.
This Economic Synopses essay puzzles over the effects of oil prices: large monthly or quarterly oil price changes predict very small changes in the CPI, but daily oil prices predict large changes in breakeven inflation.
