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Content Type:Journal Article 

Journal Article
The community investment enterprise : uniting the for-profit and nonprofit worlds

A new kind of partnership is benefiting both nonprofits and for-profits by tapping the scale of investment and depth of data available in the for-profit world and applying 50 percent of returns to underserved communities.
Communities and Banking , Issue Fall , Pages 29-30

Journal Article
College financial aid in troubled times

An economist and member of The College Board calls for streamlining the financial aid system to help lower-income families make an investment that is critical to their children?s future.
Communities and Banking , Issue Fall , Pages 12-14

Journal Article
Role of firms in job creation and destruction in U.S. manufacturing

Research in recent years has documented extensively the fact that labor markets are characterized by large and pervasive flows of jobs among places of employment. However, virtually none of this research pertains to the role of the firm and its decisions in determining job creation and destruction. Previous research and data-gathering efforts have focused on employment at individual physical locations called establishments, or plants. This neglect leaves fundamental questions regarding the role of firms unanswered. Job reallocation occurring within firms may have very different causes and ...
New England Economic Review , Issue Mar , Pages 29-44

Journal Article
Long-term health care: is social insurance desirable?

A look at why the private insurance market has failed to cover long-term care risks adequately, and an evaluation of several proposals for funding such care through social insurance.
Economic Commentary , Issue Dec

Journal Article
The CPI–PCEPI Inflation Differential: Causes and Prospects

The Federal Open Market Committee’s inflation target is stated in terms of the personal consumption expenditures price index (PCEPI). The PCEPI, like the consumer price index (CPI), measures inflation in the expenditures of households, but these indexes differ in purpose, scope, and construction. Notably, since the CPI is used as the reference rate for numerous financial contracts, one can derive implied longer-run CPI inflation forecasts from financial contracts. Such forecasts are widely reported. But if policymakers are to use these forecasts to guide their pursuit of the inflation ...
Economic Commentary , Volume 2020 , Issue 06 , Pages 8

Journal Article
Federal Support Keeps State Budgets (Including Texas’) Healthy amid Tumult from COVID-19-Induced Economic Ills

An unprecedented federal fiscal response to the COVID-19-induced recession in early 2020 helped prop up state government finances even among states whose tax and finance structures put them at particular risk during a downturn. A variety of programs helped individuals, firms and jurisdictions avoid what some feared would be a catastrophic collapse.
Southwest Economy , Issue Third Quarter

Journal Article
Prospects for the economy

This Economic Letter is adapted from remarks by Janet L. Yellen, President and CEO of the Federal Reserve Bank of San Francisco, delivered to the Bay Area Council 2006 Outlook Conference in San Jose, California, on April 18, 2006.
FRBSF Economic Letter

Journal Article
A yen for yen

FRBSF Economic Letter

Journal Article
Adequate capital?

FRBSF Economic Letter

Journal Article
Welfare and youth unemployment: evidence from a controlled experiment

Economic Review , Issue Win , Pages 26-39

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