Journal Article
Regional News at a Glance
Morrison, Wendy; Gerena, Charles; Sablik, Timothy (2014-01)
ildings May Be Getting a Little Taller - Tim Sablik. cks More Accurate Has an Economic Payoff - Charles Gerena. nsiders a Birth Injury Fund - Wendy Morrsion.
Econ Focus , Issue 1Q , Pages 2-3

Briefing
Understanding Market Failure in the 2007-08 Crisis
Morrison, Wendy; Grochulski, Borys (2014-12)
Did market failures cause the 2007-08 financial crisis? While economists have made substantial progress exploring this question, the answer remains unclear. The answer is important because financial regulation that does not address a specific market failure risks causing new inefficiencies and unintended consequences in the financial system and broader economy. To demonstrate how economic theory can be used to identify market failures and guide policy, this Economic Brief discusses a common market failure called a "pecuniary externality" and demonstrates the pitfalls of applying regulations ...
Richmond Fed Economic Brief , Issue Dec

Journal Article
Research Spotlight: Benefits of B.A. Alternatives
Morrison, Wendy (2014-04)
"The Labor-Market Returns to Community College Degrees, Diplomas, and Certificates." Christopher Jepsen, Kenneth Troske, and Paul Coomes. Journal of Labor Economics, January 2014, vol. 32, no. 1, pp. 95-121.
Econ Focus , Issue 2Q , Pages 9-9

Journal Article
Raise the Wage? Some argue that there's no downside to a higher minimum wage, but others say the poor would be hit hardest
Morrison, Wendy (2014-07)
Econ Focus , Issue 3Q , Pages 20-23

Briefing
2014 Richmond Fed Research Digest
Morrison, Wendy; Rhodes, Karl; Sablik, Timothy (2014)
Summaries of work by economists in the Bank’s Research Department published externally from June 1, 2013, through May 31, 2014.
Research Digest