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Journal Article
The inflation issue
Over the long term, steady job growth requires low and stable inflation. In this special issue of Forefront, Federal Reserve Bank of Cleveland President Sandra Pianalto explains why price stability is essential for maximum employment and how the adoption of a numerical target for inflation may improve the central bank?s ability to achieve both objectives.
Journal Article
How and Why the Fed Must Change in It's second century
Journal Article
The Dry, Wonky, and Utterly Essential World of Financial Stability Analysis
The bankruptcy of Detroit, Women, work and war, interview with the head of the new Office of Financial Research
Journal Article
Past Performance, Future Results?
Evolution of the Bank Examiner, Better Housing Policies, Interview with Barry Eichengreen
Journal Article
Streamlining the System of Workforce Development
Conversations between regional workforce development stakeholders and the Federal Reserve show the need for efficiencies similiar to those at the national level
Journal Article
Public pensions under stress
The financial crisis has made it all too clear that regulators failed to see into the dark corners of the financial system. With that in mind, the Federal Reserve Banks of Cleveland and Atlanta have formed a Financial Monitoring Team to study pension funds and municipal finance with an eye toward implications for the wider economy and financial system. What concerns should we have? In this article and other articles from this spring issue of Forefront, we explain where risks could be building and how reforms might help forestall their impact on the broader economy and financial system.
Journal Article
A proposal: using the CRA to fight vacancy and abandonment
In 2009, banks became the reluctant holders of more than 1,500 foreclosed properties in Cuyahoga County, Ohio. Most of these houses are in Cleveland, worth little to nothing, and in danger of remaining vacant for the foreseeable future - destined to define neighborhood decay.
Journal Article
Anchors and Arts Help Redefine the Rust Belt
Journal Article
Rebuilding communities
Journal Article
The Fed's First (and Lasting) Job: Lender of Last Resorts