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Bank:Federal Reserve Bank of Richmond 

Journal Article
Gross state product estimates for Fifth District jurisdictions

Cross Sections , Issue Sum , Pages 9-11

Journal Article
Affirmative Action, On and Off

Research Spotlight article on "The Persistent Effect of Temporary Affirmative Action." Conrad Miller. American Economic Journal: Applied Economics, July 2017, vol. 9, no. 3, pp. 152-90.
Econ Focus , Issue 3Q , Pages 7-7

Journal Article
Opinion : Too big to fail and the distortion of compensation incentives

Designing compensation schemes is complicated, because of the difficulties in measuring performance and tying it to the actions of employees.
Econ Focus , Volume 14 , Issue 2Q , Pages 44

Briefing
How Much Does Household Consumption Impact Business Cycles?

Richmond Fed Economic Brief , Volume 21 , Issue 25

Briefing
Projecting the Evolution of the Fed's Balance Sheet

As the Fed embarks on balance sheet policy normalization, there is natural interest in understanding the projected evolution of the Fed's asset portfolio over the next three to four years. Several important assumptions are needed to be able to predict the path of the balance sheet. Based exclusively on public information, we use alternative sets of plausible assumptions to construct and analyze several different scenarios for the future of this critical policy-relevant lever.
Richmond Fed Economic Brief , Volume 22 , Issue 15

Journal Article
Around the Fed: How Real is the U.S. Manufacturing Revival?

"The Competitiveness of U.S. Manufacturing." Federico J. Dez and Gita Gopinath, Federal Reserve Bank of Boston Current Policy Perspectives No. 14-3, June 2014. "Are Concerns About Leveraged ETFs Overblown?" Ivan T. Ivanov and Stephen L. Lenkey, Federal Reserve Board Finance and Economics Discussion Series No. 2014-106, November 2014. "Home Hours in the United States and Europe." Lei Fang and Cara McDaniel, Federal Reserve Bank of Atlanta Working Paper No. 2014-5, June 2014.
Econ Focus , Issue 4Q , Pages 34-34

Journal Article
Around the Fed : Another reason to keep inflation in check

Econ Focus , Volume 10 , Issue Win , Pages 15

Working Paper
Real Rates and Consumption Smoothing in a Low Interest Rate Environment: The Case of Japan

We study the dynamics of consumption, the real interest rate, and measures of labor input in Japan over the period from 1985-2014. We identify structural breaks in macroeconomic aggregates during the 1990s and associate them with the zero interest rate policy pursued by the Bank of Japan and the surprise increase in the consumption tax rate in April 1997. Formal estimation using the Generalized Methods of Moments shows that the mid-1990s are characterized by breaks in the structural parameters governing household consumption and labor supply decisions. Specifically, following the tax hike and ...
Working Paper , Paper 17-8

Briefing
The Pandemic, Child Care and Women’s Labor Force Participation

The pandemic has changed how households work, spend and care for children. In this Economic Brief, we highlight economic research that examines the patterns seen in women's work experiences in particular. We look at both the pandemic and, more generally, how shocks to the economy affect women's work decisions. Throughout, we will try to connect what we observe to households' broader economic environments and will emphasize — in the case of the pandemic — the role of away-from-home child care.
Richmond Fed Economic Brief , Volume 22 , Issue 16

Journal Article
Federal Reserve : New times, new functions

Econ Focus , Volume 9 , Issue Spr , Pages 2-4

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