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Series:Chicago Fed Letter 

Newsletter
The revival of the Rust Belt: fleeting fancy or durable good?

Chicago Fed Letter , Issue Apr

Newsletter
E-money and e-commerce two alternatives views of future innovations

Chicago Fed Letter , Issue Mar

Newsletter
Developing a roadmap to improve the U.S. payment system

On October 22?23, 2012, the Chicago Fed hosted its 12th annual Payments Symposium, where industry leaders convened to evaluate the implications of recent technological changes for the payments industry, including the attendant rise in customer demand for faster, more convenient payment options that are safe and interoperable. Participants proposed a number of ideas that, taken together, could help foster the creation of a roadmap to unify the fragmented payments industry and ultimately improve the payment system.
Chicago Fed Letter , Issue Feb

Newsletter
What Does Labor Market Tightness Tell Us About the End of an Expansion?

We use a model based on the historical relationships between unemployment, inflation, and recessions, along with the Summary of Economic Projections (SEP) from the Federal Open Market Committee (FOMC),1 to examine the medium-term implications of current and projected unemployment rates for the U.S. economy. Our model predicts a low probability of a recession in the next two to three years based on SEP forecasts for additional labor market tightening over this horizon.
Chicago Fed Letter

Newsletter
Caution: state and local governments brake for recessions

Chicago Fed Letter , Issue Mar

Newsletter
Economic outlook symposium: summary of 2013 results and 2014 forecasts

According to participants in the Chicago Fed?s annual Economic Outlook Symposium, the U.S. economy is forecasted to grow at its fastest pace in three years in 2014, with inflation remaining low and the unemployment rate edging down.
Chicago Fed Letter , Issue Feb

Newsletter
The branch banking boom in Illinois: a byproduct of restrictive branching laws

What?s behind the boom in bank branches across Illinois, particularly in Chicago? The authors explore the history of branch banking within the state and across the nation to help explain this recent trend and discuss its future implications.
Chicago Fed Letter , Issue May

Newsletter
Bitcoin: a primer

Bitcoin is a digital currency that was launched in 2009, and it has attracted much attention recently. This article reviews the mechanics of the currency and offers some thoughts on its characteristics.
Chicago Fed Letter , Issue Dec

Newsletter
Is there a skills mismatch in the labor market?

This article reviews the concept of skills mismatch in the labor market and examines its role in explaining ongoing low levels of hiring and high levels of unemployment during the current economic recovery.
Chicago Fed Letter , Issue Jul

Newsletter
Assessing the Midwest economy: looking back for the future--a summary

Chicago Fed Letter , Issue Jun

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