Making Sense of Private Debt
Although much attention is given to the mounting public debt, private debt (the debt of households and businesses) is actually larger. The March 2020 issue of Page One Economics evaluates trends in private debt and what they could mean for the overall health of the economy.
Peer-to-Peer (P2P) Payment Services
Technology has certainly sped up our ability to deposit funds and pay bills. With mobile devices and the internet, we are able to access and transfer money faster than ever before. Peer-to-peer (P2P) payment services and smartphone apps make it possible to make and receive real-time payments in our ever-changing world. Learn about the various advantages and disadvantages of this evolution in payment services in the April 2020 issue of Page One Economics, "Peer-to-Peer (P2P) Payment Services."
Independence, Accountability, and the Federal Reserve System
When Congress created the Federal Reserve System (our central bank), it made it both independent and accountable. The May 2020 issue of Page One Economics describes the necessary balance between these objectives—and why independence matters for sound policymaking.
COVID-19’s Effects on the Economy and the Fed’s Response
The U.S. economy started strong in 2020, but then the COVID-19 pandemic brought about the most abrupt economic slowdown in U.S. history. This Page One Economics describes Federal Reserve actions that stabilized financial markets and bolstered the economy.
Money and Missed Opportunities
Decisions, decisions. There are so many alternatives for when and how to spend our money, and each decision has unseen costs, such as "opportunity costs." Considering all these costs can complicate our spending decisions, but can also make them better. Learn about the risks of ignoring unseen costs in the October issue of Page One Economics, "Money and Missed Opportunities."
Your Social Security Number: The 9-Digit Evolution
Your unique 9-digit Social Security number follows you throughout your lifetime. How did this number’s importance evolve? Discover answers in the January 2020 issue of Page One Economics: Focus on Finance, which traces Social Security number usage from its beginning in 1935 to current times.
Renters and Homeowners Insurance: When the Unexpected Happens
If disaster strikes and you lose personal belongings, what’s next? If you have insurance, you’ll have financial help. Learn about types of coverage and insurance basics in the February 2020 Page One Economics: Focus on Finance.
Making Sense of the National Debt
The current total national debt is over $22 trillion—and growing—with no reduction in sight. How much debt is too much? Are there risks from too much debt? This issue of Page One Economics addresses these questions and how government debt differs from household debt.
Temporary Open Market Operations and Large-Scale Asset Purchases
The Federal Reserve employs both conventional and unconventional monetary policy tools to promote maximum employment and price stability. This special Summer 2020 issue of Page One Economics reviews the monetary policy framework under ample reserves and then describes the use of temporary open market operations and large-scale asset purchase programs to promote the stability of the financial system that facilitates access to credit for households and business.
The Fed’s New Monetary Policy Tools
The Federal Reserve (the Fed) and its monetary policy tools have a significant presence in economics standards, textbooks, and curricula. The Fed has changed the way it implements monetary policy, but many of the recent changes are not reflected in teaching resources. This special issue of Page One Economics is intended to provide information and teaching guidance for educators as they transition to teaching about the new tools of monetary policy.