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Journal Article
The Case of the Reappearing Phillips Curve: A Discussion of Recent Findings
The Phillips curve seems to have flattened over time. In this article, we use a simple New Keynesian model to analyze potential pitfalls in the estimation of the slope of the structural Phillips curve.
The Effects of Extra Unemployment Benefits on Household Delinquencies
The additional $600 per week in unemployment benefits may have helped stave off some household delinquencies.
The Recent COVID-19 Spike and the U.S. Employment Slowdown
An analysis suggests that the recent recovery in jobs has halted because of the spike in COVID-19 cases.
Journal Article
Rising Rates Impact Borrowing Costs for the U.S. Government, Too
The Fed has been raising short-term rates. This lifts borrowing costs for everyone, including the U.S. government, but the effect on longer-term Treasury rates is less predictable.
Journal Article
Hospital Capacity amid the COVID-19 Pandemic
Asha Bharadwaj, Kathryn Bokun, Charles S. GasconMost counties haven't reached hospital bed capacity during COVID-19 peaks through June 30. However, about a quarter of counties are at risk of overcapacity if a future surge occurs.
Journal Article
Slowing U.S. Housing Sector Still Shaped by Great Recession
The lingering effects of the recession, declining affordability and other factors impact the housing market.
Journal Article
Unauthorized Immigration in the U.S.: Trends in Recent Years
Unauthorized immigration to the U.S. grew rapidly from 1990 to the Great Recession but has leveled off since then.
Staff Pick: Declining Labor Share and U.S. Industries
In recent decades, the share of payments to labor have been trending down in several countries. Here are trends among U.S. industries.
Journal Article
Taking a Closer Look at U.S. Exports to China
Civilian aircraft, soybeans, motor vehicles and microchips are the biggest U.S. exports to China, and production of these goods is geographically concentrated. In the case of soybeans, 10 states produced 79 percent of the U.S. crop in 2016.
Reading the Labor Market in Real Time
A coincident index developed by one of our economists can help gauge the pace of the recovery and obtain real-time information on the state of the labor market.