Journal Article
U.S. Job Polarization Persists
Liu, Yang; Canon, Maria E. (2014)
Job polarization has existed before, during, and since the Great Recession.
Economic Synopses , Issue 21

Journal Article
Contract Enforcement, Corruption Controls and Other Institutions Affect Trade, Too
Roy, Suryadipta; Bandyopadhyay, Subhayu; Liu, Yang (2015-04)
In the past, the study of international trade often focused on differences in labor, land and capital, as well as the distance between trading partners. But economists are increasingly looking at the role played by institutions, specifically those that enforce contracts and curb corruption.
The Regional Economist , Issue April

Journal Article
Doubling your monetary base and surviving: some international experience
Gascon, Charles S.; Liu, Yang; Anderson, Richard G. (2010-11)
The authors examine the experience of selected central banks that have used large-scale balance-sheet expansion, frequently referred to as ?quantitative easing,? as a monetary policy instrument. The case studies focus on central banks responding to the recent financial crisis and Nordic central banks during the banking crises of the 1990s; others are provided for comparison purposes. The authors conclude that large-scale balance-sheet increases are a viable monetary policy tool provided the public believes the increase will be appropriately reversed.
Review , Volume 92 , Issue Nov , Pages 481-506

Journal Article
Understanding poverty measures and the call to update them
Kolesnikova, Natalia A.; Liu, Yang (2012-07)
Official poverty rates are on the rise in the United States. But does this necessarily mean that more people can?t meet their basic needs? This article examines how poverty is calculated and looks at the criticisms of these measures.
The Regional Economist , Issue Jul

Journal Article
How low can you go? negative interest rates and investors’ flight to safety
Liu, Yang; Anderson, Richard G. (2013-01)
It is not uncommon to observe negative interest rates during uncertain times, when investors flee to safety. But the existence of negative market yields provides no support for policies in which central banks set negative interest rates on deposits held at a central bank.
The Regional Economist , Issue Jan

Journal Article
Household financial stress declines in the Eighth District
Liu, Yang; Sengupta, Rajdeep (2012-10)
The Regional Economist , Issue Oct

Journal Article
Household financial stress and home prices
Liu, Yang; Sengupta, Rajdeep (2013-01)
The Regional Economist , Issue Jan

Newsletter
The environment is about economics, too
Liu, Yang (2010-10)
The cleanup cost of the April 2010 BP oil spill in the Gulf of Mexico is estimated at $6 billion, not including the economic damage to the fishing and tourism industries, which will likely add several billion more. Proponents of stricter environmental regulation believe such catastrophes could be prevented at a reasonable cost. Opponents argue that many preventive procedures are too costly to justify, given the rarity of such incidents. Determining the right balance between preserving the environment and controlling costs is a difficult job for government regulators. Read the October 2010 ...
Liber8 Economic Information Newsletter , Issue October

Newsletter
A new trend for U.S. household spending
Liu, Yang (2010-01)
Holiday sales are expected to be weak again this year even though the economy and financial markets are improving. Shoppers are especially reluctant to use credit cards for holiday purchases. According to the National Retail Federation's 2009 Consumer Intentions and Action Survey, only 28.3 percent of holiday shoppers will use credit cards; this is 10.6 percent lower than one year ago. Why are shoppers so hesitant to use their credit cards this year? Many factors are involved. Read the January 2010 Newsletter for the answers.
Liber8 Economic Information Newsletter , Issue January

Journal Article
On the road to recovery, soft patches turn up often
Liu, Yang; Anderson, Richard G. (2012-01)
The Regional Economist , Issue Jan