St. Louis Fed  |   Economic Research  |   EconDISC®  |   FRED®  |   GeoFRED®  |   ALFRED®  |   CASSIDI®  |   FRASER®  |   Liber8®  |   APIs  |   Fed System Help 
Logo: Economic Research, Federal Reserve Bank of St. Louis
 
Employment  |   Seminars  |   Monetary Aggregates  
 New Countries and Features!
Examine the current economic environment through the St. Louis Fed's Tracking the Global Recession web page. Data on current and past recessions for Australia, Canada, Italy, and Japan have been added. Also newly available: Subscribe to an RSS Feed or email alert to be notified of updates. (2009-05-27).

More informational websites...
spacer
 New Maps!
Examine maps of Failed Banks - 2007 to the Present and TARP Fund Distribution. (2009-05-27).
spacer
 Recent Working Papers
"Does Money Matter in Inflation Forecasting?"
Working Paper 2009-030A by Jane M. Binner, Peter Tino, Jonathan Tepper, Richard G. Anderson, Barry Jones, and Graham Kendall (2009-06-25)

"Speculative Bubbles and Financial Crisis"
Working Paper 2009-029A by Pengfei Wang and Yi Wen (2009-06-16)

"Capital Misallocation and Aggregate Factor Productivity"
Working Paper 2009-028A by Costas Azariadis and Leo Kaas (2009-06-16)

"Casino Revenue and the Illinois Smoking Ban"
Working Paper 2009-027A by Thomas A. Garrett and Michael R. Pakko (2009-06-05)

"An Analytical Approach to Buffer-Stock Saving"
Working Paper 2009-026A by Yi Wen (2009-06-03)

  • GeoFRED

    A great tool for teachers and students. Create color-coded maps of labor force, population, unemployment and more.
  • CASSIDI

    Review corporate relationships of banks. Analyze banking markets. Conduct pro forma HHI analysis.
  • FREDGraph

    Create line, bar, pie, and scatter graphs of economic data. Completely customizable.
  • FRED

    The largest FREE economic database of its kind with over 20,000 time series available.
  • CRE8

    Conducts regional research. Connects community leaders and academic institutions. Assesses 8th District economic conditions.
  • FRASER

    Access historical publications and statistical releases provided in searchable PDFs of scanned originals.
  • ALFRED

    Takes you back in time to view historical data, reproduce past research, and build more accurate forecasting models.
  • Liber8

    An extensive collection of links to key economic data, dictionaries, research, and more.
spacer
 Economic Synopses

Negating the Inflation Potential of the Fed's Lending Programs
By Daniel L. Thornton
(posted on 2009-07-01)

Uncertainty About When the Fed Will Raise Interest Rates
By Michael W. McCracken
(posted on 2009-06-18)

Dating the End of the Recession: Evaluating the Economic Indicators
By Kevin L. Kliesen
(posted on 2009-06-12)

The U.S. Financial Sector's Value Added: Trends Now and Then
By Chanont Banternghansa and Adrian Peralta-Alva
(posted on 2009-06-10)

More Economic Synopses...

spacer
 Recent Review Articles - July/August 2009
"What Do We Know (And Not Know) About Potential Output?"
by Susanto Basu and John G. Fernald
Potential output is an important concept in economics. Policymakers often use a one-sector neoclassical model to think about long-run growth, and they often assume that potential output is a smooth series in the short run—approximated by a medium- or long-run estimate.

"Issues on Potential Growth Measurement and Comparison: How Structural Is the Production Function Approach?"
by Christophe Cahn and Arthur Saint-Guilhem
This article aims to better understand the factors driving fluctuations in potential output measured by the production function approach (PFA.) To do so, the authors integrate a production function definition of potential output into a large-scale dynamic stochastic general equilibrium (DSGE) model in a fully consistent manner and give two estimated versions based on U.S. and euro-area data.

"Parsing Shocks: Real-Time Revisions to Gap and Growth Projections for Canada"
by Russell Barnett, Sharon Kozicki, and Christopher Petrinec
The output gap—the deviation of output from potential output—has played an important role in the conduct of monetary policy in Canada. This paper reviews the Bank of Canada’s definition of potential output, as well as the use of the output gap in monetary policy.

"The Challenges of Estimating Potential Output in Real Time"
by Robert W. Arnold
Potential output is an estimate of the level of gross domestic product attainable when the economy is operating at a high rate of resource use. A summary measure of the economy’s productive capacity, potential output plays an important role in the Congressional Budget Office (CBO)’s economic forecast and projection.

"Trends in the Aggregate Labor Force"
by Kenneth J. Matheny
Trend growth in the labor force is a key determinant of trends in employment and gross domestic product (GDP). Forecasts by Macroeconomic Advisers (MA) have long anticipated a marked slowing in trend growth of the labor force that would contribute to a slowing in potential GDP growth.

"Potential Output in a Rapidly Developing Economy: The Case of China and a Comparison with the United States and the European Union"
by Jinghai Zheng, Angang Hu, and Arne Bigsten
The authors use a growth accounting framework to examine growth of the rapidly developing Chinese economy. Their findings support the view that, although feasible in the intermediate term, China’s recent pattern of extensive growth is not sustainable in the long run.

"Estimating U.S. Output Growth with Vintage Data in a State-Space Framework"
by Richard G. Anderson and Charles S. Gascon
This study uses a state-space model to estimate the “true” unobserved measure of total output in the U.S. economy. The analysis uses the entire history (i.e., all vintages) of selected real-time data series to compute revisions and corresponding statistics for those series.

More Review Articles ...
 FRED At a Glance

CPI -1.0% in May 2009, % Chg. Year Ago (Revision Graph)

Real GDP -5.5% in 2009Q1, Comp. Ann. Rate of Chg. (Revision Graph)

IP -1.1% in May 2009, % Chg. (Revision Graph)

10-Yr. Treas. Rate 3.55% on 2009-07-01

US/Euro FX Rate 1.406 on 2009-06-26

Japan/US FX Rate 95.19 on 2009-06-26

Civ. Unemploy. Rate 9.5% in Jun 2009 (Revision Graph)

Payroll Employment -467.0 in Jun 2009, Chg. (Revision Graph)

Initial Jobless Claims 615,250 on 2009-06-27

spacer
 FRED Economic Data Updates
South Korea / U.S. Foreign Exchange Rate (2009-07-03)
Sri Lanka / U.S. Foreign Exchange Rate (2009-07-03)
U.S. / New Zealand Foreign Exchange Rate (2009-07-03)
Canada / U.S. Foreign Exchange Rate (2009-07-03)
Singapore / U.S. Foreign Exchange Rate (2009-07-03)
China / U.S. Foreign Exchange Rate (2009-07-03)
More ...
spacer
 Recent Data Publications
U.S. Financial Data, July 2 Issue
A weekly publication that includes charts and tables relating to weekly monetary and reserve aggregates, selected interest rates, commercial bank loans, and more. (2009-07-02) More USFD...

National Economic Trends, July Issue
A monthly publication that presents a snapshot of the U.S. economy. (2009-07-02) More NET...

International Economic Trends - Annual Edition, July Issue
A graphical presentation of key economic data covering 32 countries and the euro area. Includes data on output, inflation, monetary aggregates, interest rates, government budgets, current accounts, exchange rates, and foreign exchange reserves. (2009-06-29) More Annual IET...

Monetary Trends, July Issue
A monthly publication that reviews U.S. monetary and financial conditions with an emphasis on various measures of the monetary policy stance. (2009-06-16) More MT...


  About | Contact Us | Privacy | Legal Top of Page