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Content Type:Briefing 

The Road to Cyberinfrastructure at the Federal Reserve Bank of Kansas City

As economic models grow in computational complexity and researchers increase their data needs, the staff at the Center for the Advancement of Data and Research in Economics (CADRE) at the Federal Reserve Bank of Kansas City needed to develop an environment that could facilitate better research accommodating these new factors. Staff have worked through multiple technological changes to design and deliver the right infrastructure to meet researchers’ needs, from the development of the first high-performance computing (HPC) environment at the Bank, to the research and coincident development of ...
Technical Briefings , Paper TB 18-02

Inflation expectations and the evolution of U. S. inflation

Much recent commentary has centered on the importance of well-anchored inflation expectations serving as the foundation of a well-behaved inflation rate. But the difficulty in relying on this principle is that inflation expectations are not directly observable, and thus it is hard to know whether expectations truly play such an anchoring role in the evolution of inflation. In the current circumstances this question is of much more than academic interest, as widely used measures suggest the coincidence of a large unemployment gap and muted production costs with fairly stable long-run inflation ...
Public Policy Brief

Evidence of a credit crunch?: results from the 2010 survey of first district community banks

This policy brief summarizes the findings of the Survey of Community Banks conducted by the Federal Reserve Bank of Boston in May 2010. This survey seeks to understand how the supply of, and demand for, bank business loans changed in the period following the financial crisis. The survey design focuses on assessing how much community banks were willing and able to lend to local businesses that used to be customers of large banks but lost access to credit in the aftermath of the financial crisis. The survey responses provide some evidence that lending standards for commercial loans have ...
Public Policy Brief

Stored-value cards: a card for every reason

This article discusses the various uses of stored-value cards and the different degrees of their use and acceptance four years after their introduction.
Payments System Research Briefing , Issue Jun

Long-term inequality and mobility

This brief investigates the mobility and income situation of family heads and spouses who have low long-term incomes, where long-term refers to average family income over a 10-year period. The data show that most of those in the poorest one-fifth of the long-term income distribution during the 1996?2006 period spent all or nearly all of the period?s years in the poorest fifth of the single-year income distribution, and those who escaped did not move far. Moreover, this situation has worsened over time, with the long-term poor more ?stuck? at the bottom in the 1996-2006 period than they were ...
Public Policy Brief

High-Frequency Indexes Excel in Times of Extreme Uncertainty

In rapidly evolving crises, such as the COVID-19 pandemic, indexes of financial conditions based on high-frequency data give policymakers more timely information than better-known monthly or quarterly indicators. This Economic Brief discusses four high-frequency (daily or weekly) indexes that have become much more important in the past nine months.
Richmond Fed Economic Brief , Volume 21 , Issue 01

Do foreclosures affect Boston public school student academic performance?

Foreclosures have well-documented adverse consequences for families living in or owning properties undergoing foreclosure and on surrounding neighborhoods, but they may also have other costs. This policy brief summarizes our research on the impact of mortgage foreclosures on academic performance among Boston public school students. The data show that students who live at an address that experiences a foreclosure tend to score substantially lower on standardized tests (math and English) and also have substantially worse attendance. However, if we account for the influence of student ...
Public Policy Brief

How the COVID-19 Pandemic Changed Household Migration in New England

The COVID-19 pandemic and the policies implemented to limit the spread of the virus brought about changes to domestic migration patterns in New England. Overall, the region lost about 50,000 fewer households to permanent out-migration in 2020 compared with 2019, as measured by United States Postal Service change-of-address requests. Every New England state except Massachusetts either lost fewer households or gained households for the first time since at least 2017. However, counties that added households generally saw an increase of less than 1 percent. The characteristics of a community ...
New England Public Policy Center Regional Brief , Paper 2021-3

Gender Diversity, Vaccine Allocation, Immigration and More: A Recap of the Spring Research Workshop

Does gender diversity improve team performance? How should vaccines be allocated to combat a pandemic? How do employers affect how immigration impacts native workers? These were among the questions discussed by researchers during a recent virtual research workshop.
Richmond Fed Economic Brief , Volume 21 , Issue 14

2019 Richmond Fed Research Digest

Summaries of work by economists in the Bank’s Research Department published externally from June 1, 2018, through May 31, 2019
Research Digest


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