Briefing
Networks, Innovation and Productivity: A Conference Recap
Mullin, John; Wells, Matthew (2023-05)
How do employment targets affect firm dynamics? What is the relationship between inventor migration, and local productivity and knowledge spillovers? How are surplus gains from inventions distributed? These were among the questions addressed by economists during a recent Richmond Fed research conference.Economists from the Richmond Fed, research universities and other institutions met in Richmond for a conference in May. Researchers presented papers on a variety of topics, including digital advertising, R&D allocation, production networks, and knowledge creation and diffusion.
Richmond Fed Economic Brief , Volume 23 , Issue 17

Journal Article
Federal Reserve: The Fed, the Stock Market, and the "Greenspan Put"
Mullin, John (2023-01)
Market commentors noticed a pattern during Alan Greenspan's tenure as Fed chair from 1987 to 2006. The Fed, it appeared to some, had developed a policy of bailing out stock investors by injecting liquidity into the economy amid large stock market declines. This perceived tendency came to be called the "Greenspan put."
Econ Focus , Issue 1Q , Pages 10-13

Briefing
2020 Richmond Fed Research Digest
Rhodes, Karl; Mullin, John (2020)
Summaries of work by economists in the Bank’s Research Department published externally from June 1, 2019, through May 31, 2020
Research Digest

Briefing
Recent Research in Monetary Policy and Central Banking: A Conference Recap
Mullin, John (2022-06)
How did the Fed's pandemic-initiated corporate bond facility affect credit markets? What are the supply-side effects of monetary policy? Under what conditions do central bank reserves affect credit spreads? These were among the questions addressed by economists during a recent Richmond Fed research conference.
Richmond Fed Economic Brief , Volume 22 , Issue 19

Journal Article
At the Richmond Fed: Wiser Policy for Seniors
Mullin, John (2023-01)
The American population is aging rapidly. The share of people who are 65 or older grew from 12 percent in 2000 to 17 percent in 2020. It's forecast to grow to 22 percent by 2040, according to the U.S. Census Bureau.In view of this trend, economists are attempting to improve their understanding of the economic decisions facing older people — decisions that are likely to become increasingly important for the U.S. economy as the population distribution skews older.
Econ Focus , Issue 1Q , Pages 23

Briefing
Government Programs and Their Effects on Welfare and Employment: A Conference Recap
Mullin, John (2022-04)
How did the expansion of unemployment benefits during the pandemic affect aggregate spending and job search? What are the short-term and long-term effects of federal minimum wage hikes? Why do the effects of public pension retrenchments depend on how they are phased in? These were among the questions addressed by economists during a recent research conference.
Richmond Fed Economic Brief , Volume 22 , Issue 13

Journal Article
Protecting coastal communities: managing change
Mullin, John; Kotval, Zenia (2007-07)
Careless coastal development is threatening a bulwark of New England?s economy and quality of life. The authors offer 30 years of research on techniques for permitting change without doing harm.
Communities and Banking , Issue Sum , Pages 9-10

Briefing
Intermediation and Bank Liquidity: A Conference Recap
Mullin, John; Wells, Matthew (2022-08)
How might a central bank digital currency alter banking system operations? What is the effect of credit easing on the dynamics of bank runs? Does increased competition among banks mean a more fragile banking system, and what can be done about it? These were among the research questions addressed by economists during a recent Richmond Fed research conference.
Richmond Fed Economic Brief , Volume 22 , Issue 34

Journal Article
At the Richmond Fed: The Non-Employment Index
Mullin, John (2022-07)
Something unusual happened during the economic recovery following the Great Recession. By the end of 2014, the official unemployment rate, as measured by the Bureau of Labor Statistics (BLS), had declined by more than 4 percentage points from its October 2009 recessionary peak of 10 percent. Yet the share of the working-age population that was employed had increased by far less — just under 1 percentage point.
Econ Focus , Volume 22 , Issue 3Q , Pages 3

Journal Article
Economic History: Maggie Lena Walker
Mullin, John (2022-10)
Maggie Lena Walker built the St. Luke Penny Savings Bank to last. When it opened its doors in Richmond's Jackson Ward district in 1903, Walker became the first Black woman to establish a bank in the United States. She would stand at its helm as president for nearly 30 years, safely steering it through periodic bouts of economic turmoil, eventually increasing its assets more than tenfold. To cap off her career, she would solidify the bank's long-term prospects by orchestrating mergers with two other banks during the depths of the Great Depression.
Econ Focus , Volume 22 , Issue 4Q , Pages 12-15