Banking Trends: Do Stress Tests Reduce Credit Growth?
Stress tests are supposed to ensure your access to credit during the next downturn, but some critics claim that they also limit your access to credit today. We test that theory.
AUTHORS: Yu, Edison
No More Californias
As American mobility declines, some wonder if we've lost our pioneer spirit. A closer look at the data suggests that the situation is less dire— and more complicated—than it at first appears.
AUTHORS: Mangum, Kyle
Regulating Consumer Credit and Protecting (Behavioral) Borrowers
Public policy debate around consumer credit has focused on consumer protection. But from whom are we protecting these borrowers?
AUTHORS: Livshits, Igor
Implementing Monetary Policy in a Changing Federal Funds Market
As the Fed normalizes its balance sheet, it helps to understand how the federal funds market used to operate, how it changed in the wake of the crisis, and what comes next.
AUTHORS: Lester, Benjamin
Just How Important Are New Businesses?
New businesses are major job generators, so disappointing trends in firm formation have raised concern. Thorsten Drautzburg discusses why at least some of the worry might be misplaced.
AUTHORS: Drautzburg, Thorsten
Housing's Role in the Slow Recovery
Why did homebuilding recover so slowly after the Great Recession? Burcu Eyigungor examines some unusual supply and demand factors during the boom and bust and explores why home construction is so important to economic recoveries.
AUTHORS: Eyigungor, Burcu
Chapter 11 for Countries?
Sovereign default risk is rising, yet the system for dealing with it remains flawed. Satyajit Chatterjee explains why it might be time to revive a debt restructuring proposal the international community rejected in 2003.
AUTHORS: Chatterjee, Satyajit
Regional Spotlight: The State of the States
The U.S. economy has been expanding for seven years ? but don?t tell that to a handful of states that have suffered recessions recently. Paul R. Flora discusses how Philadelphia Fed indexes may aid in the tricky business of identifying recession patterns among the 50 states.
AUTHORS: Flora, Paul R.
Banking Trends: How Foreign Banks Changed After Dodd–Frank
The Great Recession and the Wall Street Reform and Consumer Protection Act of 2010 both affected how foreign banks operate in the U.S.
AUTHORS: DiSalvo, James
All Layoffs Are Not Created Equal
More layoffs are intended to be temporary than conventional measures would suggest. Shigeru Fujita explains how this undercounting occurs and its surprising implications for today's problem of long-term unemployment.
AUTHORS: Fujita, Shigeru