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Author:Arias, Maria A. 

Journal Article
Sovereign Default and Economic Performance in Oil-Producing Economies

Because oil-producing countries do hold public debt and do default, we must understand how oil reserves and production affect risk and economic performance.
Economic Synopses , Issue 20 , Pages 1-2

Working Paper
Metro Business Cycles

We construct monthly economic activity indices for the 50 largest U.S. metropolitan statistical areas (MSAs) beginning in 1990. Each index is derived from a dynamic factor model based on twelve underlying variables capturing various aspects of metro area economic activity. To accommodate mixed-frequency data and differences in data-publication lags, we estimate the dynamic factor model using a maximum- likelihood approach that allows for arbitrary patterns of missing data. Our indices highlight important similarities and differences in business cycles across MSAs. While a number of MSAs ...
Working Papers , Paper 2014-46

Journal Article
A report on economic conditions in the Memphis zone

Burgundy Books , Issue 2Q

Journal Article
A report on economic conditions in the Little Rock zone

Burgundy Books , Issue 4Q

Journal Article
Lagging Long-Term Wage Growth

The long-run trend of average wages has consistently failed to keep pace with overall economic growth.
Economic Synopses , Issue 14

Journal Article
Recovery from the Great Recession Has Varied around the World

Since 2009, percentage growth in GDP has been the highest in Asia and Africa and the lowest in Europe, followed by North America. The mediocre performance on the latter two continents could have something to do with their advanced and open financial systems, which might have made it easier for the global financial crisis to spread through them.
The Regional Economist , Issue Oct

Journal Article
The liquidity trap: an alternative explanation for today's low inflation

In contrast with many people?s expectations, the Fed?s injection of $3.5 trillion into the economy caused no significant inflation or increases in the price level. There are many possible explanations in the mainstream; an alternative is a liquidity trap.
The Regional Economist

Journal Article
A report on economic conditions in the Memphis zone

Burgundy Books , Issue 3Q

Journal Article
A report on economic conditions in the Memphis zone

Burgundy Books , Issue 4Q

Journal Article
As Owensboro, Ky., wraps up wave of development, hiring slows down

The Regional Economist

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