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Keywords:Labor market 

Journal Article
Spatial and labor market contributions to earnings inequality: an overview

New England Economic Review , Issue May , Pages 1-10

Economic recovery and the expansion beyond, a speech presented at the INVESTKentucky Conference, Louisville, Kentucky, June 4, 2009

President Pianalto briefly described some forces that will help pull our economy out of its steep decline. She discussed why several long-standing imbalances within the economy will likely cause the recovery to proceed slowly. Finally, she discussed some structural changes in the labor market and the drivers that will lead us again to long-term prosperity.
Speech , Paper 23

Journal Article
Labor markets and the macroeconomy: conference summary

This Economic Letter summarizes the papers presented at a conference on "Labor Markets and the Macroeconomy" held at the Federal Reserve Bank of San Francisco on March 3 and 4, 2006.
FRBSF Economic Letter

The outlook for the economy

Presentation to Financial Executives International, San Francisco, CA, April 15, 2010
Speech , Paper 81

Journal Article
A cost-benefit approach to labor market reform

Labor reforms in Latin America have been scarce compared with the pace of structural reforms aimed at liberalizing product and capital markets. Some analysts contend that without continued liberalization labor market performance will fail to improve, hindering Latin American economies? ability to compete in international markets. ; This article assesses labor market regulations in Latin America, documents their recent history, and assesses their costs and benefits. The author argues that existing regulatory systems, while generating costs in terms of labor market performance, constitute the ...
Economic Review , Volume 89 , Issue Q 2 , Pages 67 - 85

Journal Article
How does an increase in government purchases affect economy?

This article studies the impact on aggregate economic activity of increases in defense purchases which are unrelated to other developments in the economy. The authors use empirical evidence to evaluate the predictions of several prominent models.
Economic Perspectives , Volume 22 , Issue Q III , Pages 29-43

Working Paper
Informal unemployment insurance and labor market dynamics

How do job losers use default -- a phenomenon 6x more prevalent than bankruptcy --as a type of ?informal" unemployment insurance, and more importantly, what are the social costs and benefits of this behavior? To this end, I establish several new facts: (i) job loss is the main reason for default, not negative equity (ii) people default because they are credit constrained and cannot borrow more, and (iii) the value of debt payments is a significant fraction of a defaulter's earnings. Using these facts, I calibrate a general equilibrium model with a frictional labor market similar to Burdett ...
Working Papers , Paper 2012-057

Working Paper
Regional labor markets, cost-of-living differentials, and migration

Working Paper Series / Economic Activity Section , Paper 91

Journal Article
How much do expansions reduce the black-white employment gap?

Regional Review , Volume 10 , Issue Q3 , Pages 5-7



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