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Journal Article
Waiting for a Pickup: GDP and the Sharing Economy
Journal Article
The Lasting Damage from the Financial Crisis to U.S. Productivity
Michael Redmond and Willem Van Zandweghe find that tight credit conditions during the 2007?09 financial crisis dampened productivity, leaving it on a lower trajectory. The article is summarized in The Macro Bulletin.
Journal Article
Accounting for changes in the U.S. budget deficit
Troy Davig and Michael Redmond gauge the contributions of three factors to the declining U.S. federal budget deficit.
Journal Article
The Lasting Damage from the Financial Crisis to U.S. Productivity
Michael Redmond and Willem Van Zandweghe find that tight credit conditions during the 2007?09 financial crisis dampened productivity, leaving it on a lower trajectory.
Journal Article
Accounting for changes in the U.S. budget deficit
After rising substantially during the Great Recession, the U.S. federal budget deficit has narrowed the past few years. While policy reforms and cyclical economic recovery have certainly contributed to this improvement, an array of temporary factors such as Federal Reserve remittances, dividends from Fannie Mae and Freddie Mac, and the unwinding of one-time stimulus packages may have had a notable effect. To understand the driving factors behind the improvement in the deficit, Davig and Redmond introduce a framework to gauge the contributions of temporary factors, automatic stabilizers, and ...
Journal Article
Flowing into Employment: Implications for the Participation Rate
Jos Mustre-del-Ro, Michael Redmond, and William Xu find more prime-age individuals are flowing into employment from outside the labor force, though effects on the participation rate could be limited by educational attainment.
Journal Article
Consumer Price Inflation and Rising Rents in the West
Rising home rents in four western metros have increasingly boosted consumer price inflation.