House Price Booms, Then and Now
House prices rose rapidly in the run-up to the crash of 2007, but not everywhere. Understanding why can help us prepare for future recessions.
Banking Trends: How Foreign Banks Changed After Dodd–Frank
The Great Recession and the Wall Street Reform and Consumer Protection Act of 2010 both affected how foreign banks operate in the U.S.
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 ...
Collateral Damage: House Prices and Consumption During the Great Recession
Did a decline in house prices cause the Great Recession? And if so, how? Credit constraints may be the key to answering those questions
Fifty Years of the Survey of Professional Forecasters
Over the past half-century, the Survey of Professional Forecasters has asked?and helped answer?some of the most important questions about our economy.
Baby Boomers vs. Millennials Through Monetary Policy?
Monetary policy affects retired and working households differently. To maintain its commitment to stable prices and maximum employment in an aging society, the Fed may need to rethink monetary policy.
How Accurate Are Long-Run Employment Projections?
The occupational mix has been changing for decades. Planners and decision makers need to know how it will continue to change, and why.
Regional Spotlight: How Third District Firms Were Impacted by COVID-19
The first few weeks of our special COVID Survey tell us a lot about how businesses fared during unprecedented times.
Taxing The 1 Percent
Raising taxes on top earners is often seen as a straightforward way to stem inequality. The trick is preserving efficient revenue generation and work incentives for the economy?s most productive contributors.
Banking Policy Review: Did Dodd–Frank End 'Too Big to Fail'?
Postcrisis bank reform was intended to end market perceptions that if a big bank fails, the government will have no choice but to bail it out. Ryan Johnston examines the evidence from recent studies.