SHARE   Share on Twitter Share on Facebook Email

Economic Synopses

Short essays on the economic issues of the day written for a generally informed readership.

2014, No. 19

Comparing International Bond Yields

Spanish and Italian government bond yields are not directly comparable to those of U.S. Treasuries because the bonds are paid in different currencies.

 

2014, No. 18

The Cost of Chasing Returns

Market mistiming reduces profits.

 

2014, No. 17

How Negative Is Negative Real GDP Growth?

Most forecasters think the surprise first-quarter contraction is not a harbinger of another recession, but history suggests caution.

 

2014, No. 16

The Effects of Extending Unemployment Insurance Benefits

Longer benefits may reduce unemployed workers’ job search efforts, decreasing their likelihood of becoming reemployed.

 

2014, No. 15

Job Separation Rate Shows Economic Shifts

Quits rise when the economy is good; layoffs and discharges rise when the economy isn’t.

 

2014, No. 14

What’s Behind—and Beyond—the Default Rate on Student Loans?

Deferment or forbearance may be masking the true student loan default rates in recent years.

 

2014, No. 13

Where Is the Slack in the Labor Market?

Current slack in the economy may be caused primarily by the construction sector.

 

2014, No. 12

Recent Trends in Student Loans: More Loans and Higher Balances

Student loan borrowing accelerated during the Great Recession and now outranks any non-mortgage debt, including auto loans and credit card debt.

 

2014, No. 11

Employment Revision Asymmetries

If employment revisions are systematically biased, they could affect how policy is conducted.

 

2014, No. 10

Signs of Improving Labor Market Conditions

Data revisions suggest that job growth has been much stronger than initially reported the past two years.

 

2014, No. 9

Accounting for Discouraged Workers in the Unemployment Rate

We construct a new measure of the unemployment rate based on a plausible assumption that some, but not all, of the discouraged workers reenter the labor force.

 

2014, No. 8

Are Virtual “Currencies” Likely to Succeed?

The continued use of a currency depends on the stability of its value and the existence of alternatives for achieving final settlement.

 

2014, No. 7

Labor Market Update

There has been a significant and steady drop in the unemployment rate since late 2009, but unemployment duration remains high and employment as a percentage of the working-age population has not recovered.

 

2014, No. 6

Discouraged Workers: What Do We Know?

The number of discouraged workers is small relative to the rest of the working-age population, and most discouraged workers do not stay in that category too long.

 

2014, No. 5

The Deleveraging of U.S. Households Since the Financial Crisis

While households decreased credit card debt between 2007 and 2010, the process varied by education level between the extensive margin (how many households borrowed) and the intensive margin (how much households borrowed).

 

2014, No. 4

Currency Returns During the Financial Crisis and Great Recession

The volume and volatility of international capital flows have motivated recent interest in the optimal use of capital controls and the communication and coordination among central banks.

 

2014, No. 3

Has QE Been Effective?

Longer-term yields declined by relatively large amounts on days when the FOMC made specific QE announcements. However, the objective of QE has been to reduce long-term yields beyond the levels they would have reached without QE.

 

2014, No. 2

Lessons from the Taper Tantrum

Since November 2008, the Federal Open Market Committee (FOMC) has been using bond purchases to reduce long-term interest rates to support housing markets, employment, and real activity. The FOMC has varied these large-scale asset purchases—commonly called quantitative easing (QE)—with the perceived state of the economy. Its most recent incarnation of QE, QE3, announced in two phases (September 13 and December 12, 2012), committed the Fed to monthly purchases of $85 billion in bonds.

 

2014, No. 1

Quantitative Easing in Japan: Past and Present

Inflation expectations in Japan have recently risen above their historical average.

 


Recently Viewed Series


Subscribe to our newsletter for updates on published research, data news, and latest econ information.
Name:   Email:  
Twitter logo Google Plus logo Facebook logo YouTube logo LinkedIn logo