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Journal Article
Secured and Unsecured Debt Over the Business Cycle
Unsecured debt better predicts economic activity than secured debt
Journal Article
Does the Pullback in the Bond Market Matter?
Foreign demand for U.S. Treasuries might be crucial in keeping a cap on U.S. borrowing costs.
Journal Article
A report on economic conditions in the Memphis zone
Journal Article
Recovery from the Great Recession Has Varied around the World
Since 2009, percentage growth in GDP has been the highest in Asia and Africa and the lowest in Europe, followed by North America. The mediocre performance on the latter two continents could have something to do with their advanced and open financial systems, which might have made it easier for the global financial crisis to spread through them.
Journal Article
The liquidity trap: an alternative explanation for today's low inflation
In contrast with many people?s expectations, the Fed?s injection of $3.5 trillion into the economy caused no significant inflation or increases in the price level. There are many possible explanations in the mainstream; an alternative is a liquidity trap.
Journal Article
A report on economic conditions in the Louisville zone
Journal Article
Sovereign Debt Crisis in Europe Recalls the Lost Decade in Latin America
In many ways, the European debt crisis is reminiscent of Latin America's experience in the 1980s, characterized by a period of high growth interrupted by an external shock. But there are some notable differences.
Journal Article
A report on economic conditions in the Memphis 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.
Journal Article
A report on economic conditions in the St. Louis zone