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Journal Article
A report on economic conditions in the Louisville zone
Journal Article
Relative Income Traps
Despite economic growth in the post-World War II period, few developing countries have been able to catch up to the income levels in the United States or other advanced economies. Such countries remain trapped at a relative low- or middle-income level. In this article, the authors redefine the concept of income traps as situations in which income levels relative to the United States remain constantly low and with no clear sign of convergence. This approach allows them to study the issue of economic convergence (or lack of it) directly. The authors describe evidence pointing to the existence ...
Journal Article
A report on economic conditions in the Little Rock zone
Bringing the Data to FRED
Yvetta Fortova and Maria Arias are among the people powering FRED. They help ensure the St. Louis Fed’s data aggregating powerhouse runs smoothly.
Journal Article
Sovereign Default and Economic Performance in Oil-Producing Economies
Because oil-producing countries do hold public debt and do default, we must understand how oil reserves and production affect risk and economic performance.
Journal Article
There are two sides to every coin—even to the bitcoin, a virtual currency
Central to Bitcoin is its independence from any institution or government, allowing anyone to engage in a direct transaction at a low cost. So, what exactly is it, and how does it work?
Journal Article
A report on economic conditions in the St. Louis zone
Journal Article
A report on economic conditions in the Little Rock zone
Journal Article
Food Prices and Inflation in China and the U.S. Are Following Similar Paths
A look at food prices in the two countries helps to explain the increasing correlation in their inflation patterns. One reason why their food prices are moving together is the increased trade between the countries.