Briefing
Stargazing: Estimating r* in Other Countries
Lubik, Thomas A.; Merone, Brennan; Robino, Nathan (2024-03)
We provide estimates of r* — a central concept in monetary policy — for a set of countries using the same methodology as for the Richmond Fed's own r* estimate for the U.S. We generally find that the estimated r* paths are country specific, but that they behave more similarly to each other than to the U.S., indicating its central role in the international monetary system.
Richmond Fed Economic Brief , Volume 24 , Issue 10

Journal Article
Research Spotlight: Assessing Unemployment Insurance
Merone, Brennan (2023-12)
Unemployment insurance (UI) programs assist unemployed workers but can also reduce their incentive to search for a new job. This trade-off has led to multiple studies about whether the benefits of UI programs outweigh the costs. Most microeconomic analyses of these programs have determined that these programs do benefit society. In contrast, many macroeconomic analyses disagree, noting that unemployment benefits often tend to reduce production, reduce private savings, and increase prices. Recent research by Richmond Fed economist Nicholas Trachter, along with Facundo Piguillem of the Einaudi ...
Econ Focus , Volume 23 , Issue 4Q , Pages 12