Search Results
Journal Article
Challenges to the natural rate framework
By most estimates, the U.S. unemployment rate is currently below its "natural rate." The implication is the economy is operating at an unsustainably high level of resource utilization. Capacity levels are being strained, tending to put upward pressure on wages and prices. In anticipation of these rising inflationary pressures, the Federal Reserve has firmed monetary policy several times over the past year.> A majority of mainstream economists appear comfortable with the natural rate framework, in part because it has tracked inflation successfully over the past 35 years. Despite its ...
Conference Paper
Nonbanks in the payments system: European and U.S. perspectives
Journal Article
Why are so few financial assets indexed to inflation?
Journal Article
Labor compensation and inflation during business expansion
Journal Article
The natural rate of unemployment: concepts and issues
Journal Article
New estimates of the natural rate of unemployment
Monograph
A guide to the ATM and debit card industry - 2006 update
It has been three years since we published A Guide to the ATM and Debit Card Industry. Those three years represent a very dynamic time in the industry with a number of important developments. Some trends and patterns have persisted or accelerated, while others have peaked or reversed. Still others have emerged for the first time. The purpose of this 2006 Update is to document these trends and patterns by updating the data we presented in the original book and to discuss their implications for the current and future state of the industry. ; The most important development is that the two ...
Briefing
Who's processing your payments?
This article looks at the many roles nonbanks play in payments activities and the oversight questions that arise as a result.