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Journal Article
Putting a price on carbon
To address global warming, most economists favor a focus on prices, not quantities.
Journal Article
Science panel may study Virginia uranium plan
Related link : https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2009/winter/feature2_weblinks.cfm
Speech
Summary of the Report on the Competitiveness of Puerto Rico's Economy
Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.
Working Paper
Pitfalls in estimating asymmetric effects of energy price shocks
A common view in the literature is that the effect of energy price shocks on macroeconomic aggregates is asymmetric in energy price increases and decreases. We show that widely used asymmetric vector autoregressive models of the transmission of energy price shocks are misspecified, resulting in inconsistent parameter estimates, and that the implied impulse responses have been routinely computed incorrectly. As a result, the quantitative importance of unanticipated energy price increases for the U.S. economy has been exaggerated. In response to this problem, we develop alternative regression ...
Journal Article
Amber waves of biodiesel
Though growing, renewable fuel isn?t likely to help save rural economies or kick an oil habit.
Journal Article
Turning carbon into cash
Offsetting greenhouse-gas emissions is a burgeoning district industry with an uncertain future
Journal Article
Noteworthy: energy: oil, gasoline price spikes unlikely in 2009
Speech
Energy and the U.S. macro economy
Wilmington Club, Wilmington, Del., July 24, 2007
Journal Article
Texas finds cover from U.S. economic storm
The 2007 Texas expansion was persistently underrated. While a national economic slowdown attracted headlines, the state's economy quietly grew at a rate that was Texas proud. ; State job growth of 3.1 percent last year was triple the nation's 1 percent - and exceeded the state's long-run average of 2.8 percent for the third year in a row. While declines in homebuilding were sizable, overall construction remained at high levels in Texas. Oil and gas drilling returned to heights not seen since the early 1980s energy boom.