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Keywords:economy 

Report
Exploring causes of and responses to the opioid epidemic in New England

The opioid epidemic remains rampant in New England, where, from 2015 through 2017, more than 10,000 people died from opioid overdoses. In 2017, each of the six states experienced an overdose-death rate that was greater than the national average. Beyond causing a high number of deaths, the opioid epidemic is costing New England productive workers. People with the most severe problems stemming from opioid-use disorder tend to be in the 25?44 age group, but no one is immune. The epidemic affects people of every type?all ages and all races, men and women, residents of rural areas and of urban ...
New England Public Policy Center Policy Reports , Paper 19-2

Speech
Healthy Workforce, Healthy Economy

Remarks at Combating Food Insecurity: What’s Working – and What’s Scalable? (delivered via videoconference.
Speech

Speech
U.S. Economic Outlook

Remarks by Michael H. Moskow President and Chief Executive Officer Federal Reserve Bank of Chicago
Speech , Paper 5

Speech
Keynote Address: The Economic Outlook

Speaking before an audience in Bucks County, PA, Philadelphia Fed President Patrick Harker said that a "new normal" in the economy may mean rethinking policy targets. "Things are unlikely to return to what we considered their relative norms before the recession," he said.
Speech , Paper 147

Working Paper
Climate Change and the Geography of the U.S. Economy

This paper examines how the spatial distribution of people and jobs in the United States has been and will be impacted by climate change. Using novel county-level weather data from 1951 to 2020, we estimate the longer-run effects of weather on local population, employment, wages, and house prices using a panel distributed lag model. The historical results point to long-lasting negative effects of extreme temperatures on each of these outcomes. We highlight that a long lag structure is necessary to appropriately capture the longer-run effects of climate change, as short-run effects are often ...
Working Paper Series , Paper 2023-17

Discussion Paper
How Do the Fed's MBS Holdings Affect the Economy?

In our previous post, we discussed the meaning of the term “credit allocation” and how it relates to the Federal Reserve’s holdings of agency mortgage-backed securities (MBS). We concluded that the Fed’s MBS holdings do not pose significant credit risk but that the Fed does influence the relative market price of credit when it purchases agency MBS, and this indirectly influences decisions by investors. Today, we take the next step and discuss how the Fed’s MBS purchases affect the U.S. economy and, in particular, how the effect of MBS purchases can differ from the effect of ...
Liberty Street Economics , Paper 20180808

Strong Texas job gains encounter economic uncertainty, signs of slowing

Weakness in Texas’ manufacturing sector has been largely offset by modest service sector growth, producing a mixed overall economic picture.
Dallas Fed Economics

Briefing
Are Markets Becoming Less Competitive?

National markets in many U.S. industries seem to be increasingly dominated by large companies. Some policymakers have argued that this growing market concentration is a sign of weakening competition, but concentration by itself does not necessarily translate into market power. It may be too soon to reach a decisive conclusion about whether market power, not simply market concentration, is on the rise.
Richmond Fed Economic Brief , Issue June

Speech
Opening Remarks

Remarks at Racism and the Economy: Focus on Health (delivered via prerecorded video).
Speech

Speech
The Economic Recovery: Are We There Yet?

Remarks at Women in Housing and Finance 2021 Annual Symposium (delivered via videoconference).
Speech

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