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Journal Article
Supply Chain Disruptions, Inflation, and the Fed
Used cars became a hot commodity during the pandemic, with their prices increasing by roughly 50 percent between January 2020 and December 2021. The spike in used car prices was a prominent example of how global supply chain disruptions have contributed to U.S. inflation. It also highlighted the complexity of global supply and demand relationships.
Briefing
Applied Macro-Econometrics: A Conference Recap
Economists from the Richmond Fed and research universities met for a conference in Richmond during CORE Week in September. Conference participants presented and discussed papers on a variety of topics related to applied econometrics. This Economic Brief summarizes those presentations.
Briefing
Firm Closures, a Global Phillips Curve, and More: A Recap of the Fall Research Workshop
How do firms decide how to locate their stores? Do payday loan regulations help or harm consumer welfare? How many firms go out of business due to financial market inefficiencies? These were among the questions addressed by researchers during a recent research workshop.
Journal Article
At the Richmond Fed: Wiser Policy for Seniors
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.
Briefing
Recent Research in Monetary Policy and Central Banking: A Conference Recap
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.
Journal Article
The Profession: Economics Is a Lucrative Major
The number of undergraduate economics majors has jumped during the past decade, from roughly 27,600 in 2009-2010 to about 35,000 in 2019-2020. Perhaps the economic rewards of the major are part of the reason why.
Journal Article
Banking, In and Out of the Shadows
Highlighted Research of "Optimal Liquidity Policy With Shadow Banking." Borys Grochulski and Yuzhe Zhang. Economic Theory, September 2018
Briefing
Intermediation and Bank Liquidity: A Conference Recap
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.