Ethical Use of Data with FRED
What are the ethical considerations for researchers who use data? This data primer describes standards for gathering, analyzing, storing, and distributing data for new data users and serves as a reference for advanced data users.
The Rise (and Fall) of Inflation During the Early 2020s
Inflation has been on many people’s minds. There are several measures of inflation available, and each one plays a role in providing a more complete understanding of inflation’s causes and effects. This Page One Economics® Econ Primer describes key measures of inflation, including the consumer price index, and how the Federal Open Market Committee pays particular attention to these measures as it makes policy decisions—adjusting its policy stance when necessary to move the economy toward maximum employment and price stability.
Why Are We So Impatient? A Look into Money and Delayed Gratification
Getting excited about saving for the future can be hard. We are not as emotionally tied to the future as we are to the present. In this Page One Economics®: Focus on Finance, we look at the psychological forces of delayed gratification and self-control, which help us work toward the future benefits of saving money.
Education, Income, and Wealth
No surprise?people with more education often earn higher incomes and are unemployed less than those with less education. Those with higher incomes also tend to accumulate more wealth. Why? Research shows that well-educated people tend to make financial decisions that help build wealth. Their strategies, though, can be used by anyone. Learn valuable tips in the January 2017 issue of Page One Economics.
The great inflation: a historical overview and lessons learned
All inflation isn't bad?a moderate amount can signal a healthy economy. But high inflation, such as that during the Great Inflation, can lead to a viscious cycle where expectations of higher inflation lead to further increases in the price level. Read the October 2012 Page One Economics Newsletter to find out what caused the Great Inflation, how tough (and painful) policy brought it to an end, and two key lessons learned.
As Adam Smith said, everyone lives by exchanging. They exchange?buy and sell?to make themselves better off. Does the same principle apply to international trade? Do nations benefit from importing and exporting? The November Page One Economics explains the basics of international trade and its importance to the economy.
Smoothing the Path: Balancing Debt, Income, and Saving for the Future
The life cycle model shows that saving for the future requires people to limit consumption during their working years and save so they will have a ?nest egg? to draw on during retirement. Recent changes in how people save for retirement have shifted some responsibility from firms to individuals.
Will Your Smartphone Get You a Job?
App-driven jobs allow workers to decide when, where, and how much to work?one ?gig? at a time. Learn more about this new employment trend in the January 2019 issue of Page One Economics.
Coping With COVID: Crises, Young People's Housing Choices, and Preparing in Uncertainty
Many of even the most prepared young people could not have anticipated the effects of the COVID-19 pandemic. Learn about some of the pandemic's economic impacts on young people and their families and some information and tips for financial planning in the February 2021 Page One Economics: Focus on Finance.
Why Are Some Social Media Sites Free to Use?
If companies always try to maximize profits, why are so many social media sites free to use? Learn how these platforms operate, as well as what positive and negative “network effects” are at play, in this May 2023 issue of Page One Economics.