Innovation and technology transfer
are significant sources of productivity growth.
The low long-term yield is likely a result of high foreign demand for Treasuries rather than a near-zero federal funds rate.
Pollution in the United States rises with economic activity, but at a noticeably lower pace.
Local minimum wages cast a wide net,
reaching far beyond low-income residents.
Federal Reserve leaders must be willing to break from conventional wisdom.
Very small establishments closed at
about twice the rate of larger ones.
“Soft” data suggest a much brighter economic outlook compared with the “hard” data.
Even as national unemployment has fallen, counties with persistently high unemployment also have more disability.
China has been using traditional and novel policy tools to fight speculative pressure to devalue the yuan.
An aging population may reduce wealth inequality.
Unsecured debt better predicts economic activity than secured debt.