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Journal Article
Land of Opportunity: Economic Mobility in the United States
Authors Jessie Romero and Kartik Athreya interpret data that suggest economic mobility has decreased in recent years. Many factors contribute to mobility, but for most people advancement depends on opportunities to obtain human capital---opportunities that are not as good for children in poor families. Initiatives that focus on early childhood education seem to yield high returns on investment. Their feasibility on a large scale is unknown, but they may have the potential to help the United States achieve a more inclusive prosperity.
Journal Article
The Effect of Winter Weather on U.S. Economic Activity
The authors? findings support the view that weather has a significant, but short-lived, effect on economic activity. Except for a few industries, which are affected importantly (such as utilities, construction, hospitality and to a lesser extent retail), the effect is not very big, so that even the fairly bad weather during the 2013?14 winter cannot account entirely for the weak economy during that period. Other factors must have been at play.
Speech
Corridor Economic Forecast Luncheon Speech
Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago. A speech delivered on January 13, 2010 in Corridor, IA
Newsletter
Exploring Risks and Opportunities for Community Banks in an Improving Environment
The Tenth Annual Community Bankers Symposium, co-sponsored by the Federal Reserve Bank of Chicago, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, was held at the Chicago Fed on November 7, 2014. This article summarizes key presentations and discussions at the symposium.
Newsletter
What is the Economic Impact of the Slowdown in New Business Formation?
Economists have emphasized the importance of ?creative destruction? as an engine of growth. The creative destruction process involves a constant reorganization of the economy as old products, firms, factories, and jobs are replaced by new ones. An important part of this process lies in the opening of new firms or establishments.
Journal Article
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.
Newsletter
Economic Outlook Symposium: Summary of 2014 Results and 2015 Forecasts
According to participants in the Chicago Fed?s annual Economic Outlook Symposium, the U.S. economy is forecasted to grow at a pace slightly above average in 2015, with inflation ticking lower and the unemployment rate edging down.
Journal Article
Regions defined and dissected
In 2013, the federal government confirmed what every kid from Waynesboro, PA, had understood 50 years earlier ? that Franklin County was inextricably tied to the Washington?Baltimore region. Forsaking the Phillies and Pirates, Little Leaguers from south-central Pennsylvania traveled instead to watch Frank Robinson in the Orioles? outfield. In the fall, local families jeered the Eagles and Steelers, and cheered as Johnny Unitas led the Baltimore Colts to victories. Good-paying jobs beckoned and TV signals emanated from over the Blue Ridge mountains and inside the dual beltways.
Journal Article
Southeast New Mexico shines as state economy slowly mends