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Journal Article
Jargon alert : Leading indicators
Related links : https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2010/q2/jargon_alert_weblinks.cfm
Journal Article
Nobody's home : weighing the prospects for neighborhoods hit hard by foreclosure
Related links: https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2010/q1/feature3_weblinks.cfm
Briefing
The case for direct methods to address CO2 emissions and other negative environmental externalities
Existing policies to reduce emissions of carbon dioxide (CO2) largely have been structured to subsidize alternative energy technologies. Yet these policies are likely not to be as useful as ones that target CO2 emissions directly, such as an emissions tax or a "cap and trade" program.
Briefing
The effect of interest on reserves on monetary policy
In October 2008 the Federal Reserve began paying banks interest on the reserves they hold. This action was intended to remove the implicit, distortionary tax that reserve requirements impose on banks, as well as help the Fed maintain the fed funds rate at its target. Going forward, interest on reserves is likely to simplify monetary policy implementation, as well as allow the Fed to pursue separate monetary and credit policies.
Briefing
Recent fiscal policy and the manipulation of aggregate economic activity
It is widely believed that public sector spending and investment can restore aggregate economic activity to efficient levels. But some policy responses are likely to be more successful than others. In particular, directly targeting frictions in capital, labor, and insurance markets arguably provides the best chances of improving welfare.
Briefing
What we do and don't know about discretionary fiscal policy
There is a lack of consensus about the effects fiscal policy measures may have during a recession. But we can draw some general conclusions from economic theory.
Briefing
When did the recession end?
Although the National Bureau of Economic Research has not yet officially announced the end of the recession that started in December 2007, the data series commonly used to date recessions seem to preliminarily suggest that it ended in the middle of last year. However, certain areas of the economy, particularly employment and personal income, remain relatively sluggish.
Journal Article
Jargon alert: Inferior goods
Related link(s): https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2009/summer/jargon_alert_weblinks.cfm
Journal Article
Jargon alert : Counterfactual
Journal Article
Economic history : Intranational trade
How a century of legal precedent has shaped the government's power to regulate commerce between states.