Search Results
Journal Article
Does lower unemployment reduce poverty?
In "Does Lower Unemployment Reduce Poverty?" Bob DeFina considers the link between unemployment and poverty. How strong the link is depends critically on how we measure poverty. During the past two decades, researchers have identified numerous shortcomings in the government's official procedures for determining the extent of poverty. DeFina presents empirical evidence that improved measures of poverty are less strongly related to changes in unemployment than the headcount rate, the government's official measure.>
Journal Article
Do states respond differently to changes in monetary policy?
Do the proportion of interest-sensitive industries, the number of small firms, and the concentration of small banks determine how monetary policy influences state economies? In this article, Jerry Carlino and Bob DeFina extend to the state level their earlier study that looked at these factors and their effects on a region's economies. Are the responses the same? Read the results of Carlino and DeFina's study
Journal Article
Cleaning the air with the invisible hand
Journal Article
Does monetary policy have differential regional effects?
Do monetary policy actions have a uniform national effect? Or do the separate, but interdependent, regions of the country respond differently to changes in policy? In this article, Jerry Carlino and Bob DeFina demonstrate that monetary policy does have differential effects across regions. They also examine three reasons why the effects may differ: regional differences in the mix of interest-sensitive industries, in the ability of banks to alter their balance sheets, and in the mix of large and small borrowers.
Journal Article
Explaining long-term unemployment: a new piece to an old puzzle
Journal Article
Do African Americans prefer to live in segregated communities?
Following Hurricane Katrina, many people were shocked by the extent of racial segregation in the New Orleans housing market. And yet, New Orleans is far from an isolated case. Forty years after passage of the Fair Housing Act, racially segregated neighborhoods are all too common in the United States. The reasons usually offered for this continued segregation include discrimination in the real estate and housing markets. Recently, these reasons have been challenged by a theory claiming that segregation exists because African Americans prefer to live together for positive reasons, such as to ...
Journal Article
Does inflation depress the stock market?