Results 1 - 17 of 17 for Federal Funds Rate [Year: 2017]
The low long-term yield is likely a result of high foreign demand for Treasuries rather than a near-zero federal funds rate.
Fiscal Federalism and Optimal Income Taxes - Review
This article studies how local policies—specifically, taxes on income with redistributive goals—affect the migration decisions of individuals and, in turn, how these migration decisions affect local and economy-wide tax and redistribution policies. The author develops a model of optimal taxation for a federal system of governments in the tradition of Mirrlees (1971), where taxes can be fully nonlinear but informational asymmetries prevent the equalization of well being across workers due to informational rents.
research.stlouisfed.org/.../review/2017/10/04/fiscal-federalism-and-optimal-income-taxes
Living Standards in St. Louis and the Eighth Federal Reserve District: Let’s Get Real - Review
Recently, the Bureau of Economic Analysis (BEA) has developed the Regional Price Parities (RPPs), spatial price indexes that allow for comparison of cost of living differences across various geographic areas. By construction, RPPs compare the average price level for a region with the national average.
2017 Third Quarter - Agricultural Finance Monitor
Results of a survey of agricultural bankers in the Eighth Federal Reserve District about agricultural credit conditions in the third quarter of 2017.
research.stlouisfed.org/publications/regional/ag-finance/2017/11/09/2017-third-quarter
2016 Fourth Quarter - Agricultural Finance Monitor
Results of a survey of agricultural bankers in the Eighth Federal Reserve District about agricultural credit conditions in the fourth quarter of 2016.
research.stlouisfed.org/publications/regional/ag-finance/2017/02/09/2016-fourth-quarter
How Do Local Labor Markets Affect Retirement? - Review
The biggest effect of a higher local unemployment rate on older workers is to raise their propensity to stay in their current job. Older workers have fewer voluntary transitions to new jobs when the unemployment rate rises, but they especially have fewer voluntary transitions out of the labor force. Thus, the direct effect of job loss in inducing earlier retirement during recessions is outweighed by retirement delays among those with jobs.
research.stlouisfed.org/.../review/2017/07/05/how-do-local-labor-markets-affect-retirement
2017 Second Quarter - Agricultural Finance Monitor
Results of a survey of agricultural bankers in the Eighth Federal Reserve District about agricultural credit conditions in the second quarter of 2017.
research.stlouisfed.org/publications/regional/ag-finance/2017/08/10/2017-second-quarter
Chinese Foreign Exchange Reserves, Policy Choices, and the U.S. Economy - Review
China is both a major trading partner of the United States and the largest official holder of U.S. assets in the world. The value of Chinese foreign exchange reserves peaked at just over $4 trillion in June 2014 but has since declined to $3.19 trillion (as of August 2016).
research.stlouisfed.org/.../chinese-foreign-exchange-reserves-policy-choices-and-the-u-s-economy
The authors study the nature of the optimal monetary policy in a regime of fiscal dominance when the monetary authority—which can print money or issue interest-earning debt—is required to finance an exogenous sequence of transfers to the Treasury. They show that the degree of commitment on the part of the monetary authority has a significant impact on the details of the optimal policy.
In an interview format, including questions and answers from attendees, the authors discuss key issues surrounding the central question of the symposium: Does college level the playing field?
research.stlouisfed.org/publications/review/2017/02/15/keynote-conversation
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