The Role of Lower-Ranked Economics Ph.D. Programs
TARGET2: symptom, not cause, of eurozone woes
In recent years, large positive and negative balances have arisen in TARGET2, the interbank settlement and payments system of the Eurozone. These balances show that the Deutsche Bundesbank, the central bank of Germany, has become a large net creditor to the European Central Bank (ECB). Conversely, they show that central banks in the periphery nations of Portugal, Ireland, Italy, Greece, and Spain have become significant net debtors to the ECB. Critics of the Eurosystem have portrayed these balances as a "stealth bailout" of the periphery nations, but TARGET2 merely reflects persistent ...
Regional News at a Glance
Bankrupt Patriot Coal Questions Its Origin - Rhodes. IPO Succeeds for Northern VA based Hilton - Sablik. State Upholds Rare Negligence Rule - Haltom. D.C. Living Wage Bill Prompts Retailer Pushback - Sablik.
Reaping the Benefits of the Reaper
Cyrus McCormick may not have invented the reaper, but he was the entrepreneur who made it successful
Testing charter cities: Can new cities with better rules accelerate economic growth in Honduras and other developing nations?
Related links: https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2012/q2-3/feature2_weblinks.cfm>
Economic history: Disney’s America: A local zoning issue ignited a national firestorm when Disney tried to build a theme park in Virginia
Related Link: https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2013/q1/economic_history_weblinks.cfm
How Should the Fed Interpret Slow Wage Growth?
During the current recovery, policymakers have debated whether slow wage growth indicates labor market "slack" that is not adequately reflected in the unemployment rate alone. The relationship?or lack thereof?between the unemployment rate and wage growth has challenged macroeconomists for decades. Empirical studies using micro data find that individual wages are procyclical, but attempting to use aggregate measures of wage growth to determine the level of "slack" in the labor market would be highly difficult and potentially misleading.
Economic History: Economic Loophole to Mandate
Federal policies have fostered employment-based health insurance
The Future of Coal
Prospects for West Virginia?s highest-paying industry appear bleak