Journal Article
Inflation targeting and revisions to inflation data: a case study with PCE inflation
Price, Calvin (2011-07)
Central banks around the world have come to recognize the importance of maintaining low and stable inflation. One widely employed tool for helping to do so is known as inflation targeting, whereby a central bank sets a numeric goal for inflation. Once this target is publicly stated, the bank can be held accountable for its actions in regard to meeting, or not meeting, this target. Countries that have adopted such a tool have generally had a favorable experience, and there is evidence that inflation targeting is correlated with increased stability in output growth, lower inflation, and more ...
Research Rap Special Report , Issue Jul

Journal Article
Unemployment rates in tri-state metropolitan areas
Schiller, Timothy G. (2011-08)
The national unemployment rate is a closely watched monthly economic statistic. It provides a measure of the health of the labor market and is one of many statistical gauges of economic conditions. The U.S. Bureau of Labor Statistics calculates the national unemployment rate as well as unemployment rates for the 50 states and many sub-state areas. This Research Rap Special Report looks at unemployment rates at one of these sub-state levels ? the metropolitan area ? in the three states in the Third Federal Reserve District: Delaware, New Jersey, and Pennsylvania. Metropolitan area unemployment ...
Research Rap Special Report , Issue Aug

Journal Article
Marking NBER recessions with state data
Novak, Jason A. (2008-04)
Research Rap Special Report , Issue Apr

Journal Article
Was job quality “job one” in the tri-state region’s economic recovery?
Mester, Loretta J.; Olney, William (2004-12)
Employment growth has been the most hesitant part of this recovery. Labor markets have been weaker for longer in this recovery than in the other postwar recoveries, even the so-called ?jobless recovery? of 1991-92, at least by some measures.
Research Rap Special Report , Issue Dec

Journal Article
Industry concentration in tri-state metropolitan areas
Schiller, Timothy G. (2008-04)
Research Rap Special Report , Issue Apr

Journal Article
On the causes of declines in the labor force participation rate
Fujita, Shigeru (2014-02)
The unemployment rate stood at 5.0 percent when the Great Recession started in December 2007 but had more than doubled toward the end of 2009, peaking at 10 percent. Since then, however, it has steadily declined. As of the end of 2013, the jobless rate stood at 6.7 percent. While it is still high by historical standards, significant progress has been made. Moreover, the declines were often faster than many had predicted.
Research Rap Special Report , Issue Feb

Journal Article
Third District housing market conditions
Brownback, Nathan (2008-03)
Research Rap Special Report , Issue Mar

Journal Article
First quarters in the national income and product accounts
Stark, Tom (2015-05)
Prompted by their expectations of an initial estimate of a marked slowdown in U.S. real gross domestic product growth in the first quarter of 2015, commentators and analysts have drawn attention to an apparent ?first-quarter effect? in the U.S. national income and product accounts
Research Rap Special Report , Issue May

Journal Article
Recession dating and real-time data
Price, Calvin (2008-06)
Research Rap Special Report , Issue Jun

Journal Article
Venture capital in the Philadelphia metro area
Knudson, Jennifer (2011-10)
Many consider venture capital to be a barometer of innovation and economic growth. It is an important source of capital for startups that banks deem too risky to finance. Therefore, it would be useful to examine how the venture capital industry has fared during the recent recession. This report focuses on the Philadelphia metro area and how it compares with the nation. In particular, it highlights the fact that the area increased its share of the nation?s biotechnology deals during the recession.
Research Rap Special Report , Issue Oct