Search Results
Briefing
Assessing GSE Mortgage Portfolios’ Exposure to Past and Future Flood Risk
Phan, Toan
(2024-07-10)
This article evaluates the exposure of government-sponsored enterprises' (GSEs) mortgage portfolios to flood risks as projected by the First Street Foundation and analyzes the realized impact of Hurricane Irma on mortgage defaults. The analysis leverages extensive GSE data spanning from 1999 to 2023 and utilizes risk projections through 2050 to provide a comprehensive view of both potential future risks and actual past outcomes.
Richmond Fed Economic Brief
, Volume 24
, Issue 22
Briefing
How Does Trade Policy Get Decided?
Pinto, Santiago
(2022-03)
The interests of districts play a crucial role in trade policymaking. Districts with heterogenous political and economic preferences form coalitions and bargain in the legislature to reach an acceptable trade policy. Such complicated process has been overlooked in canonical political economy models of trade. Our work brings to focus the role districts play in the political process by proposing a model that aggregates heterogeneous district preferences into a national trade policy. The approach uncovers districts and sectors that are more influential in the political process and identifies ...
Richmond Fed Economic Brief
, Volume 22
, Issue 11
Briefing
Removing Conflict of Interest for Agents of Homebuyers
Grochulski, Borys; Wang, Zhu
(2023-10)
In real estate transactions, sellers' agents have weak incentives to market homes sufficiently long to secure top prices for their clients. Buyers' agents, however, face completely backward incentives: They get paid more when their clients pay more for their homes. We discuss an a la carte compensation model for buyers' agents that eliminates this conflict of interest.
Richmond Fed Economic Brief
, Volume 23
, Issue 34
Briefing
The Role of Central Bank Lending in the Conduct of Monetary Policy
Weinberg, John A.; Ennis, Huberto M.
(2016-12)
Central banks can extend credit in pursuit of different policy objectives, two of which are discussed in this Economic Brief. First, lending can be used to achieve interest rate control. Second, lending can be used to provide liquidity insurance. A narrow view of central bank lending emphasizes the first objective, in which subsidized credit to targeted market participants is not seen as essential. A broader view considers targeted lending as sometimes necessary. Which perspective is favored is largely, though not wholly, dependent on judgments about the prevalence of frictions that inhibit ...
Richmond Fed Economic Brief
, Issue December
Briefing
Unsustainable fiscal policy : implications for monetary policy
Weinberg, John A.; Haltom, Renee Courtois
(2012-07)
The debt of the U.S. government is at historically high levels, but how do we know whether debt levels are worrisome? This Economic Brief argues that the current fiscal position is not sustainable. Though financial markets seem unconcerned, for the time being, about U.S. fiscal health, as evidenced by low rates on Treasury securities, lawmakers should not be complacent. Expectations are liable to change as large fiscal imbalances persist, with potentially devastating consequences for the U.S. economy and monetary policy.
Richmond Fed Economic Brief
, Issue Jul
Briefing
How Do Small Business Finance and Monetary Policy Interact?
Phelps, Hailey; Wong, Russell
(2020-10)
Richmond Fed Economic Brief
, Volume 20
, Issue 11
, Pages 6 pgs.
Briefing
A More Comprehensive Measure of the Black-White Wealth Gap
Jones, John Bailey; Neelakantan, Urvi
(2022-05)
In this article, we apply a simple graphical device — the plot of the relative rank distribution — to summarize the Black-White wealth gap. We also introduce the relative rank Gini coefficient — an analog to the standard Gini coefficient — as a summary measure of rank inequality. We find that the rank wealth gap is widest in the middle of the wealth distribution. Black-White rank wealth gaps are higher among college graduates than among other education groups. Households with young or retired heads have higher rank gaps than middle-aged households. We caution that rank gaps are not ...
Richmond Fed Economic Brief
, Volume 22
, Issue 17
Briefing
What Survey Measures of Inflation Expectations Tell Us
Mulloy, Conner; Henry, Erin; Sarte, Pierre-Daniel G.
(2023-01)
Throughout this period of high inflation, people have wondered when inflation will return to the FOMC's longer-run target of 2 percent. Many models and surveys on inflation expectations exist to help answer this question. In this Economic Brief, we explore the accuracy of these measures of inflation expectations and what information can be obtained from them. While we find these popular sources of inflation are historically inaccurate, they can still gather valuable information, such as people's confidence in the ability of the Fed to get inflation back to target.
Richmond Fed Economic Brief
, Volume 23
, Issue 03
Briefing
How Do Firms Choose Where to Place Establishments?
Gholami, Samira; Trachter, Nicholas
(2021-10)
Richmond Fed Economic Brief
, Volume 21
, Issue 34
Briefing
Expanding the Scope of Workforce Development
Neelakantan, Urvi; Athreya, Kartik B.; Romero, Jessica Sackett
(2014-05)
Workforce development efforts often are geared toward adult workers. But examining workforce development from the perspective of human capital theory suggests that earlier interventions may yield high returns.
Richmond Fed Economic Brief
, Issue May
FILTER BY year
FILTER BY Bank
FILTER BY Series
FILTER BY Content Type
Briefing 317 items
FILTER BY Author
Price, David A. 25 items
Sablik, Timothy 24 items
Lubik, Thomas A. 23 items
Romero, Jessica Sackett 20 items
Haltom, Renee Courtois 19 items
Ennis, Huberto M. 16 items
Hornstein, Andreas 15 items
Neelakantan, Urvi 14 items
Sarte, Pierre-Daniel G. 14 items
Schwartzman, Felipe 14 items
Athreya, Kartik B. 13 items
Jones, John Bailey 13 items
Kudlyak, Marianna 13 items
Wolman, Alexander L. 13 items
Wang, Zhu 12 items
Matthes, Christian 11 items
Pinto, Santiago 11 items
Trachter, Nicholas 11 items
Gordon, Grey 10 items
Mullin, John 10 items
Rhodes, Karl 10 items
Walter, John R. 10 items
Fessenden, Helen 9 items
Macaluso, Claudia 9 items
Phan, Toan 9 items
Wong, Russell 9 items
Grochulski, Borys 8 items
Karabarbounis, Marios 8 items
Waddell, Sonya Ravindranath 8 items
Ho, Paul 7 items
Morales, Nicolas 7 items
Courtois, Renee 6 items
Slivinski, Stephen 6 items
Steelman, Aaron 6 items
Sultanum, Bruno 6 items
Yeh, Chen 6 items
Henry, Erin 5 items
Jarque, Arantxa 5 items
Weinberg, John A. 5 items
Prescott, Edward Simpson 4 items
Sapriza, Horacio 4 items
Wells, Matthew 4 items
Azzimonti-Renzo, Marina 3 items
Borovickova, Katrina 3 items
Gholami, Samira 3 items
Hatchondo, Juan Carlos 3 items
Latham, Sierra 3 items
Mulloy, Conner 3 items
Nash, Betty Joyce 3 items
O'Trakoun, John 3 items
Romero, Jessie 3 items
Taylor, Jack 3 items
Balla, Eliana 2 items
Barnichon, Regis 2 items
Chiu, Jonathan 2 items
Davis, Steven J. 2 items
De Nardi, Mariacristina 2 items
French, Eric 2 items
Ghent, Andra C. 2 items
Hedlund, Aaron 2 items
Hetzel, Robert L. 2 items
Ionescu, Felicia 2 items
Khanna, Guarav 2 items
Kirk, Kyler 2 items
Lacker, Jeffrey M. 2 items
Lazaryan, Nika 2 items
Lee, Munseob 2 items
Li, Lindsay 2 items
Marre, Alexander W. 2 items
McGee, Rory 2 items
Merone, Brennan 2 items
Owens, Raymond E. 2 items
Patel, Kushal 2 items
Pellerin, Sabrina 2 items
Reilly, Devin 2 items
Richardson, Gary 2 items
Rupasingha, Anil 2 items
Schnorbus, Robert H. 2 items
Turner, Sarah 2 items
Vidangos, Ivan 2 items
Watson, Aileen 2 items
Webb, Roy H. 2 items
Zeuli, Kimberly 2 items
Atencio De Leon, Andrea 1 items
Banerjee, Manyu 1 items
Barkin, Tom 1 items
Bauer, Andrew 1 items
Benati, Luca 1 items
Bhandari, Anmol 1 items
Blackwell, Margaretta 1 items
Blandin, Adam 1 items
Borovicka, Jaroslav 1 items
Brinatti, Agostina 1 items
Bryan, Kevin A. 1 items
Canon, Maria E. 1 items
Chaumont, Gaston 1 items
Colacito, Riccardo 1 items
Conzelmann, Claire 1 items
Cook, Emily E. 1 items
Cox, Judy R. 1 items
Debbaut, Peter 1 items
Desch, T. Stuart 1 items
Devon, Gorry 1 items
Dupor, Bill 1 items
Dyskant, Lucas 1 items
Ellul, Andrew 1 items
Foerster, Andrew 1 items
Fulford, Scott L. 1 items
Fuller, Brandon 1 items
Gaines, Brian 1 items
Garvey, Nick 1 items
Gorry, Aspen 1 items
Gortz, Christoph 1 items
Guerrón-Quintana, Pablo 1 items
Gunn, Christopher 1 items
Gunn, Sarah 1 items
Gupta, Arun 1 items
Haddad, Valentin 1 items
Haltom, Nicholas 1 items
Han, Pengfei 1 items
Harnish, Molly 1 items
Henly, Samuel E. 1 items
Herrington, Christopher 1 items
Hoffman, Bridget 1 items
Hopenhayn, Hugo A. 1 items
House, Mark 1 items
Hoy, Tammie 1 items
Huther, Jeff W. 1 items
Ikeda, Daisuke 1 items
Johnson, Joseph R. 1 items
Krause, Michael U. 1 items
Krishnamurthy, Kiran 1 items
Kurmann, Andre 1 items
Lale, Etienne 1 items
Lange, Fabian 1 items
Laski, Reiko 1 items
Lawrence, Ross 1 items
Lecznar, Jonathan 1 items
Leiva-Leon, Danilo 1 items
Li, Yue 1 items
Link, Elizabeth 1 items
Liu, Laura 1 items
Loualiche, Erik 1 items
Macheras, Ann 1 items
Malek, Hoossam 1 items
Marques, David 1 items
Martinez, Leonardo 1 items
McCord, Roisin 1 items
McMillan, Tre' 1 items
Mead, Tim 1 items
Mehkari, M. Saif 1 items
Mehra, Yash P. 1 items
Morrison, Wendy 1 items
Muething, Catherine 1 items
Murphy, Matthew 1 items
Murphy, Thomas 1 items
Owens, Andrew 1 items
Pandalai-Nayar, Nitya 1 items
Perez-Quiros, Gabriel 1 items
Petrova, Katerina 1 items
Phelps, Hailey 1 items
Price, David 1 items
Ramachandran, David 1 items
Robino, Nathan 1 items
Robinson, Breck L. 1 items
Rose, Morgan J. 1 items
Ruge-Murcia, Francisco J. 1 items
Sabol, Steven 1 items
Sanchez, Juan M. 1 items
Scavette, Adam 1 items
Schwam, Daniel 1 items
Sclip, Alex 1 items
Sharp, Robert 1 items
Silva, André F. 1 items
Smith, Brent C. 1 items
Sow, Pauline 1 items
Stilwell, Anne 1 items
Tompkins, Jonathan 1 items
Vellodi, Nikhil 1 items
Verona, Fabio 1 items
Watson, Mark 1 items
Weiss, Joshua 1 items
Wissuchek, Elaine 1 items
Wyckoff, Acacia 1 items
Yankov, Vladimir 1 items
Zakrajšek, Egon 1 items
Zhang, Yuzhe 1 items
show more (182)
show less
FILTER BY Keywords
monetary policy 27 items
inflation 25 items
Business cycles 14 items
Financial markets 13 items
labor market 13 items
Unemployment 12 items
Economic Growth and Fiscal Policy 11 items
Economic growth 10 items
COVID-19 8 items
Financial institutions 8 items
Recessions 8 items
employment 8 items
Fiscal Policy 8 items
Pandemic 7 items
Banking and Finance 6 items
Education and Labor Markets 6 items
Immigration 6 items
Credit 5 items
Inflation (Finance) 5 items
Regional and Urban Economics 5 items
macroeconomics 5 items
interest rates 5 items
education 4 items
productivity 4 items
recession 4 items
Trade 4 items
innovation 4 items
labor force 4 items
rural 4 items
student loans 4 items
COVID 3 items
FOMC 3 items
Housing 3 items
Payment systems 3 items
climate change 3 items
consumption 3 items
cryptocurrency 3 items
migration 3 items
Consumer finance 3 items
Financial Regulation 3 items
Incentives 3 items
Race 3 items
Regional economics 3 items
Risk 3 items
banks 3 items
labor markets 3 items
Banks and banking 2 items
China 2 items
Digital Currency 2 items
Economic conditions 2 items
Federal Reserve District, 5th 2 items
GDP 2 items
Knowledge diffusion 2 items
Mortgage loans 2 items
Natural real rate of interest 2 items
VAR 2 items
asset bubbles 2 items
cities 2 items
economy 2 items
heterogeneity 2 items
household consumption 2 items
households 2 items
housing prices 2 items
industry 2 items
inequality 2 items
lending 2 items
liquidity 2 items
market power 2 items
markets 2 items
medical spending 2 items
presidential elections 2 items
r* 2 items
recap 2 items
remote work 2 items
spending 2 items
technology 2 items
wages 2 items
wealth-gap 2 items
women 2 items
Banking 2 items
Central Bank Digital Currency 2 items
College 2 items
Credit Cards 2 items
Demographics 2 items
Demography 2 items
Discount Window 2 items
Economic Development 2 items
Federal Reserve 2 items
Firms 2 items
Income distribution 2 items
India 2 items
Monetary Policy and Inflation 2 items
Moral hazard 2 items
Mortgages 2 items
Payments 2 items
Retirement 2 items
Small Business 2 items
Volatility 2 items
5th district 1 items
AI 1 items
Access to Credit 1 items
African-American 1 items
African-American Income 1 items
Assets 1 items
Automobile industry and trade 1 items
Bank Credit 1 items
CBDC 1 items
COVID 19 1 items
CRE 1 items
Canada 1 items
Central Bank Digital Currencies 1 items
Collateral channel 1 items
College access 1 items
Community colleges 1 items
Community development 1 items
Commuting 1 items
Consumer Spending 1 items
Consumers 1 items
Core Inflation 1 items
Core Week 1 items
Counties 1 items
Customer base 1 items
Default 1 items
Dual mandate 1 items
East Germany 1 items
Economic Growth and Fiscal Policy Article 1 items
Economic Stabilization 1 items
Economic surveys 1 items
Electronic Payments 1 items
Employment stabilization policies 1 items
Endogenous productivity 1 items
Energy policy 1 items
Environmental policy 1 items
European Union 1 items
Eurozone 1 items
Exports 1 items
FTX 1 items
Fed System 1 items
Federal Reserve Balance Sheet 1 items
Fifth District 1 items
Finance 1 items
Financial Legislation 1 items
Financial Markets and Institutions 1 items
Financial literacy 1 items
Fiscal Multiplier 1 items
Fiscal theory of the price level 1 items
Fixed cost 1 items
Foreclosure 1 items
GDP-indexed Debt 1 items
GSIB 1 items
Gini Coefficient 1 items
H-1B lottery 1 items
Heterogeneous Agents 1 items
Household Wealth 1 items
Household portfolios 1 items
IT sector 1 items
Inflation Shocks 1 items
Inflation stabilization 1 items
Information-Based Theory of Financial Intermediation 1 items
International Economics 1 items
Japan 1 items
Macroeconomic modeling 1 items
Macroeconomics - United States 1 items
Manufacturing Industries 1 items
Market-based regulation 1 items
Markups 1 items
Medicaid 1 items
Monetary History 1 items
Money 1 items
Natives 1 items
Net Interest Margin 1 items
Over-the-counter (OTC) Market 1 items
Overnight Reserve Repo 1 items
PCE 1 items
PSLF 1 items
Payment 1 items
Peru 1 items
Place-Based Policies 1 items
Politics 1 items
Price-Cost markups 1 items
Prison 1 items
Producer prices 1 items
Profits 1 items
Rate cycles 1 items
Real Estate 1 items
Regional Variation 1 items
SWIFT 1 items
Savings 1 items
School 1 items
Sellers Agents 1 items
Service Industries 1 items
Social Security 1 items
Sovereign Debt Default 1 items
Sovereign debt 1 items
Standing Repo Facility 1 items
Student loan default 1 items
System Open Market Account 1 items
TVP-VAR 1 items
Treasury yield curve 1 items
Trend inflation 1 items
Unemployment Insurance (UI) 1 items
United Kingdom 1 items
United States 1 items
advertising 1 items
aggregate inflation 1 items
agriculture 1 items
ample reserves regime 1 items
antitrust policy 1 items
asymmetry 1 items
attainment 1 items
attendance 1 items
autoregressions 1 items
bank deposits 1 items
bank runs 1 items
banking crises 1 items
bitcoin 1 items
blockchain 1 items
boards 1 items
bubbles 1 items
building and loan 1 items
business dynamics 1 items
business dynamism 1 items
cash 1 items
casinoes 1 items
central banks 1 items
centrality 1 items
certificates of deposit (CDs) 1 items
childcare 1 items
climate risks 1 items
college enrollment 1 items
college tuition 1 items
college-value 1 items
commercial gambling 1 items
commercial real estate 1 items
commuting patterns 1 items
complementarity 1 items
conference recap 1 items
consumer credit 1 items
consumer prices 1 items
consumption segregation 1 items
consumption tax 1 items
core goods inflation 1 items
corporate bonds 1 items
corporate credit risk 1 items
credit markets 1 items
crypto conglomerate 1 items
cryptocurrency regulations 1 items
currencies 1 items
current account 1 items
decoupling 1 items
department of education 1 items
diffusion 1 items
diffusion index 1 items
digital currencies 1 items
disaster risk 1 items
domestic outsourcing 1 items
earnings gap 1 items
economic connectivity 1 items
economic cycles 1 items
economic indicators 1 items
economic losses 1 items
economic policy uncertainty 1 items
economic shocks 1 items
elasticity 1 items
elderly 1 items
employee recruitment 1 items
enrollment 1 items
entrepreneurs 1 items
environment 1 items
exchange rates 1 items
female labor market 1 items
financial distress 1 items
financial liberalizations 1 items
financial stability 1 items
financial stress 1 items
fintech 1 items
firm specialization 1 items
fiscal multipliers 1 items
flattening 1 items
fluctuations 1 items
full employment 1 items
funding 1 items
gambling 1 items
global systemically important banks 1 items
governance 1 items
government budget constraint 1 items
government revenue 1 items
government-sponsored enterprises 1 items
graduation rates 1 items
gross domestic product 1 items
hard default 1 items
health care 1 items
health insurance 1 items
high frequency events 1 items
higher education 1 items
home mortgage 1 items
homebuying 1 items
household financial distress 1 items
housing crisis 1 items
housing market 1 items
human capital and labor 1 items
hybrid 1 items
hybrid learning 1 items
immigration policy 1 items
income 1 items
income growth 1 items
income inequality 1 items
income tax 1 items
industrial outputs 1 items
inflation expectations 1 items
inflationary trade-offs 1 items
information friction 1 items
infrastructures 1 items
insurance 1 items
intellectual property rights 1 items
interest rate projections 1 items
intergenerational inequality 1 items
intermediation 1 items
international credit markets 1 items
international trade links 1 items
intrinsic inflation persistence 1 items
investing 1 items
investment cycles 1 items
investors 1 items
job ladder 1 items
job performance 1 items
labor costs 1 items
labor force participation 1 items
labor market powe 1 items
laspeyres price index 1 items
learning declines 1 items
lenders 1 items
lending programs 1 items
lfp 1 items
loan forgiveness 1 items
loan-delinquency 1 items
longitudinal employer-household dynamics 1 items
low-wage labor markets 1 items
macro-econometrics 1 items
macroeconomic models 1 items
macroeconomy 1 items
manufacturing 1 items
market competition 1 items
market concentration 1 items
maximum employment 1 items
microeconomics 1 items
minimum reserve level 1 items
monetary shocks 1 items
money market funds 1 items
monopsony 1 items
mortgage 1 items
mortgage duration 1 items
mortgage market 1 items
mortgage rates 1 items
multinational enterprises 1 items
natural rate of interest 1 items
news 1 items
nim 1 items
nominal interest rates 1 items
nterest rates 1 items
occupational switching 1 items
participation rate 1 items
partisan conflict index 1 items
partisanship 1 items
passthrough rates 1 items
physical asset prices 1 items
policy 1 items
population growth 1 items
portfolio allocation 1 items
postsecondary 1 items
price distribution 1 items
price increase 1 items
price inflation dynamics 1 items
price levels 1 items
price stability 1 items
pricing 1 items
private currency 1 items
private debts 1 items
production and investment 1 items
production networks 1 items
property rights 1 items
public debt 1 items
racial equity 1 items
racial wealth gap 1 items
rate cycle 1 items
real estate commission 1 items
recession indicators 1 items
recruitment 1 items
redlining 1 items
regulation 1 items
relative price changes 1 items
relative rank distribution 1 items
repos 1 items
representation 1 items
repurchase agreements 1 items
reserves 1 items
resilience 1 items
resolvability 1 items
retirees 1 items
return-to-office 1 items
risk management 1 items
rural areas 1 items
schools 1 items
seasonality 1 items
sectoral inflation 1 items
sectoral policy 1 items
sentiment 1 items
signal-extraction model 1 items
skill specialization 1 items
small towns 1 items
soft default 1 items
soft landing 1 items
sorting 1 items
sovereign bonds 1 items
sovereign defaults 1 items
spatial inequality 1 items
speculation 1 items
stablecoin 1 items
stablecoins 1 items
startups 1 items
statistics 1 items
structural unemployment 1 items
supply 1 items
supply chain 1 items
surveys 1 items
suspension 1 items
tax system 1 items
technology adoption 1 items
temperature 1 items
terra 1 items
theory of incentives 1 items
top firms 1 items
trade imbalances 1 items
trade networks 1 items
trade policy 1 items
trade war 1 items
transactions 1 items
tuition 1 items
uncertainty 1 items
undocumented immigration 1 items
university 1 items
urban areas 1 items
urban policy 1 items
vector autoregression model 1 items
vector autoregressions 1 items
wage gaps 1 items
wage inequality 1 items
show more (495)
show less