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Report
Trade and growth in New England
From the time when New England timber built the British navy and Salem boys sailed ginseng root to China and returned as wealthy men, New England?s growth has been tightly linked with international trade. The ties are no less compelling today. Trade raises living standards by promoting the efficient use of resources and encouraging the adoption of new technologies and productivity improvements. New England is a region that specializes in new technologies, a region with limited natural resources, and trade is essential to its future well-being. However, like technological change, increased ...
Journal Article
Reasons for optimism
President Minehan delivered these remarks during the July convening of the Bank's Community Development Advisory Council in Haverhill, Massachusetts.
Journal Article
Reaching the top: challenges and opportunities for women leaders: an introduction
Women have made great strides in the business and professional world.
Conference Paper
Seismic shifts: the economic impact of demographic change: foreword
Report
Living beyond our means
Both the current account deficit and the federal fiscal deficit are symptoms of living beyond our means. In this essay, we first provide the basic conceptual background, starting with some elements of national income accounting. We show how the two deficits are related to each other, and how they may be affected by public policy and private actions that impact economic behavior. We then cover the facts about the two deficits--their magnitude and their recent history. Next comes the question of sustainability and the long term consequences of the deficits. We conclude with an overview of the ...