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Journal Article
District digest : Economic trends across the region
Article: How the recession affects state and local tax shortfalls - and how those shortfalls affect the recovery. pg. 36-39
Discussion Paper
Gauging Unemployment Rates When Workers Are on the Sidelines
Journal Article
District digest: Economic trends across the region
Articles: "Increased productivity and trade have reduced manufacturing employment;" and "Smaller textile industry reaches new markets."
Discussion Paper
The Landscape of The Rural Fifth District: Does Race Matter?
Briefing
Why Use a Diffusion Index?
Diffusion indexes are a useful way to summarize economic information from surveys because they are easy to understand and correlate well with economic activity over time. To use diffusion indexes most effectively as a measure of change, however, it is important that the extensive margin of the indicator in question explains more of the change in that indicator than the intensive margin. This article, and the papers described in it, can also be used to develop a confidence interval around any diffusion index.
Discussion Paper
The Future Is…Remote?
Journal Article
District digest : Economic trends across the region
Journal Article
District digest : Economic trends across the region
How a century of legal precedent has shaped the government's power to regulate commerce between states.
Briefing
Are Firms Factoring Increasing Inflation Into Their Prices?
While inflation is low and stable, business leaders are well justified in paying little attention to aggregate inflation measures when making their own pricing decisions. In this article, we introduce a new set of quarterly questions in a business survey that help to ascertain the extent to which firms pay more attention to inflation measures as inflation rises. We find that, from July 2021 to January 2022, business leaders not only report paying more attention to aggregate inflation measures, but also report incorporating those measures into their own pricing decisions.