Journal Article
What's under the TARP?
Aubuchon, Craig P. (2009)
The Financial Stability Plan, initiated under the belief that "[t]here is more risk and greater cost in gradualism than in aggressive action," has several features.
Economic Synopses

Journal Article
Can Social Security survive the baby boomers?
Wheelock, David C.; Aubuchon, Craig P. (2007-09)
National Economic Trends , Issue Sep

Newsletter
The economic cost of war
Aubuchon, Craig P. (2008-05)
It is difficult to measure the cost of the Iraq war and related expenses; it is at least as difficult to decide exactly what costs to measure. The May 2008 issue compares the two most widely cited estimates: one from the Congressional Budget Office and the other from researchers Joseph Stiglitz and Linda Bilmes. The newsletter also compares these estimates to U.S. GDP over the same time frame to get a better sense of the war's cost in relation to the entire U.S. economy.
Liber8 Economic Information Newsletter , Issue May

Journal Article
The geographic distribution and characteristics of U.S. bank failures, 2007-2010: do bank failures still reflect local economic conditions?
Wheelock, David C.; Aubuchon, Craig P. (2010-09)
The financial crisis and recession that began in 2007 brought a sharp increase in the number of bank failures in the United States. This article investigates characteristics of banks that failed and regional patterns in bank failure rates during 2007-10. The article compares the recent experience with that of 1987-92, when the United States last experienced a high number of bank failures. As during the 1987-92 and prior episodes, bank failures during 2007-10 were concentrated in regions of the country that experienced the most serious distress in real estate markets and the largest declines ...
Review , Volume 92 , Issue Sep , Pages 395-415

Newsletter
What’s under the TARP?
Aubuchon, Craig P. (2009-03)
The new economic terms and programs?from TARP to TALF to COP?are important, but trying to keep track of it all can make your head spin. Read the March 2009 Newsletter for a clear, concise explanation of the Treasury's Troubled Asset Relief Program designed to help alleviate the nation?s financial crisis.
Liber8 Economic Information Newsletter , Issue March

Journal Article
How much have U.S. house prices fallen?
Wheelock, David C.; Aubuchon, Craig P. (2008-08)
National Economic Trends , Issue Aug

Journal Article
A primer on social security systems and reforms
Garriga, Carlos; Conesa, Juan Carlos; Aubuchon, Craig P. (2011-01)
This article reviews the characteristics of different social security systems. Many configurations arise depending on the nature of a system?s funding and determination of benefits. Many reforms propose changing the U.S. Social Security system. The authors focus their analysis of the transition from a pay-as-you-go to a fully funded system. They argue that the key component of any reform is the treatment of the implicit liabilities of a country?s social security system. The welfare gains accruing to some cohorts as a result of such reforms usually stem from either a partial or complete ...
Review , Volume 93 , Issue Jan , Pages 19-35

Journal Article
The Fed's response to the credit crunch
Aubuchon, Craig P. (2009)
The Federal Reserve Board has used Section 13(3) of the Federal Reserve Act to create several new lending facilities to address the ongoing strains in the credit market.
Economic Synopses

Journal Article
The extent and impact of outsourcing: evidence from Germany
Bandyopadhyay, Subhayu; Bhaumik, Sumon; Aubuchon, Craig P. (2012-07)
The authors use data from several sources, including plant-level data from the manufacturing sector in Germany, to expand the literature on outsourcing. They find that, in Germany, the extent of outsourcing among manufacturing industries is higher than among service industries and that the outsourcing intensity of these industries did not change much between 1995 and 2005. They also find a statistically significantly positive impact of industry-level outsourcing intensity on German plant-level labor produc- tivity for both 2000 and 2005. The estimated economic impact of outsourcing on ...
Review , Volume 94 , Issue July

Journal Article
The global recession
Wheelock, David C.; Aubuchon, Craig P. (2009)
...an unusually high percentage of the world's large countries and major U.S. trading partners are currently experiencing a recession.
Economic Synopses