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Short essays on the economic issues of the day written for a generally informed readership.
2012, No. 4
Quantitative Easing and Money Growth: Potential for Higher Inflation?
The enormous quantity of excess reserves can create an even greater expansion in the money supply.
2012, No. 3
Following the Fed with a News Tracker
How should one conclude whether the data have come in stronger, weaker, or as expected?
2012, No. 2
Employment Dynamics During Economic Recoveries
Employment turnover was significantly lower following the Great Recession than following the previous two recessions.
2012, No. 1
Fiscal Policy in the Great Recession and Lessons from the Past
The recent behavior of key fiscal policy variables draws some parallels with the U.S. experience in the Civil War and the two world wars. A specific concern is the possibility of high inflation to finance the accumulated debt.