Economics of Love: Rejection Worth Chance at Dream Date
With the advance of social networks and increasing prevalence of online dating, the question of how men and women match up has gained importance in economics and society.
A Natural Approach to Estimating the ‘Natural Rate’ of Unemployment
The unemployment rate is a widely viewed gauge of U.S. labor market slack or tightness. Because of structural changes to the labor market over time, assessments about slack/tightness require a reference point called the “natural rate of unemployment.”
Pandemic Economic Lifeline: Taxes on Consumption, Labor that Fund Stay-at-Home Subsidies
Stay-at-home subsidies funded by taxes on consumption and labor—activities that contribute to viral transmission—can simultaneously reduce deaths and increase output.
Real-Time Population Survey Suggests U.S. Job Losses Slowed in Early May
Survey results for the week of May 10 suggest further declines in employment and an increase in unemployment relative to the week of April 26 – May 2, though both changes are within the survey’s margin of error.
Fed’s New Inflation Targeting Policy Seeks to Maintain Well-Anchored Expectations
The Fed’s evolving understanding of the economy and its reassessment of the natural rate of interest have led to arguably the most significant policy change since 2012.
Global Perspectives: John B. Taylor on the Taylor Rule, Accommodative Policy, Low Interest Rates and Expanded Central Bank Mandates
Taylor and Dallas Fed President Robert S. Kaplan discussed the origins of the Taylor Rule, the dangers of holding monetary policy too accommodative for too long, the distributional effects of low interest rates and expanded central bank mandates.
How Falling Oil Prices in Early 2020 Weakened the U.S. Economy
The benchmark West Texas Intermediate (WTI) price of oil dropped by more than half from Jan. 21 to April 3. This oil price decline has weakened rather than strengthened the U.S. economy, making this event different from past episodes of falling oil prices.
Global Perspectives: Ruth J. Simmons on Trailblazing and Education
Simmons and Dallas Fed President Rob Kaplan discussed her decision to become an educator, her experience in academia and the importance of educational opportunity.
Pandemic Pushed the U.S. into Recession … and Hourly Wages Rose?
The onset of COVID-19 in spring 2020 prompted an unprecedented rapid rise in the unemployment rate. However, a popular and widely cited wage measure—average hourly earnings (AHE)—rose sharply as the health crisis grew.
Domestic Migration to Texas Slows as National Labor Markets Tighten
Despite a strong economy and historically low unemployment rates in Texas, net domestic migration to Texas from other states has slowed since 2015.