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Our most academic publication offers research and surveys on monetary policy, national and international developments, banking, and more. The content is written for an economically informed readership—from the undergraduate student to the PhD.


Vol. 86, No. 1 (Posted 2004-01-01)

U.S. Regional Business Cycles and the Natural Rate of Unemployment

by Howard J. Wall and Gylfi Zoega

Unemployment: separate and unequal. Economic forecasters and policy advisors look closely at unemployment. The authors suggest that regional differences deserve a closer look when calculating the country’s overall “natural” rate of unemployment.

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