A report on economic conditions in the Memphis zone
Engines of growth vary in four largest cities
Bringing the Data to FRED
Yvetta Fortova and Maria Arias are among the people powering FRED. They help ensure the St. Louis Fed’s data aggregating powerhouse runs smoothly.
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 ...
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.