Nontraditional Insurance and Risks to Financial Stability
Do insurance companies pose a threat to financial stability? Historically, the answer has been no. But the insurance industry?s expansion into nontraditional activities has prompted reconsideration.
Did quantitative easing work?
Did QE lower yields and stimulate the economy? What about risks? Weighing the evidence requires a bit of theory.
A Ticket to Ride: Estimating the Benefits of Rail Transit
Starting in 1990, Los Angeles County built a new and expensive rail transit system. Now we can calculate the costs and beneﬁts.
Monetary policy and the new normal
Is the economy in for a prolonged spell of slow growth, as some believe, or a burst of innovation and productivity? In either event, policymakers must pay close attention to productivity trends.
Housing's Role in the Slow Recovery
Why did homebuilding recover so slowly after the Great Recession? Burcu Eyigungor examines some unusual supply and demand factors during the boom and bust and explores why home construction is so important to economic recoveries.
Kitchen Conversations: How Households Make Economic Choices
Economists have studied decision-making for centuries, but how do households, as opposed to individuals, make decisions? The future of personal finance may rest on the answers.
Regional Spotlight: Smart Growth for Regions of All Sizes
Pittsburgh?s population has shrunk by 400,000 since 1969, making it the poster child for urban shrinkage. So why is it doing so well? Sometimes, smaller really is better.
Regional Spotlight: Evaluating Metro Unemployment Rates Throughout the Business Cycle
Over 80 percent of the world?s recreational vehicle (RV) production occurs in or near Elkhart, IN, so it?s no wonder that, for decades, Elkhart has been known as the RV capital of the world. Thanks in part to RVs, Elkhart?s unemployment rate was comfortably below the national rate in 2007?but then RV sales plummeted two years in a row, a signal that American consumers could no longer afford high-ticket luxury goods.2 By the depths of the Great Recession in mid-2009, nearly one-fifth of Elkhart?s labor force was unemployed. However, Elkhart?s labor market quickly recovered, with unemployment ...
Tracking U.S. Real GDP Growth During the Pandemic
During this fast-moving pandemic, it's vital that policymakers can rely on real-time estimates of real GDP growth. Jonas Arias and Minchul Shin show us how it's done.
The Free-Banking Era: A Lesson for Today?
Reaching back to a volatile era in U.S. banking history, Daniel Sanches finds insight for today?s challenge of ensuring a stable banking system ? though perhaps not the lesson one might expect.