Search Results
Briefing
The role of interchange fees on debit and credit card transactions in the payments system
When consumers use debit or credit cards to make purchases, merchants are assessed fees for processing the transactions, the largest of which is called an "interchange" fee. Rising interchange fees, along with the growing dominance of card transactions in the payments system, have brought increasing scrutiny from regulators on the appropriate level of interchange fees and the competitive aspects of card networks. A look at the trends, mechanics, and economic role of interchange fees indicates that the issue is more complicated than it may initially appear.
Journal Article
Fiscal Multiplier
Jargon Alert on the Fiscal Multiplier
Journal Article
How Does Finance Fuel Growth?
Research Spotlight of Michal Jerzmanowski. "Finance and Sources of Growth: Evidence from the U.S. States." Journal of Economic Growth, March 2017, vol. 22, no. 1, pp. 97-122.
Journal Article
Game strategy in fiscal straits: When government debts become large, lessons of game theory might help avoid a crisis
Related links: https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2012/q4/feature4_weblinks.cfm
Journal Article
Would a little inflation produce a bigger recovery? : Why some economists actually want the Fed to push prices higher - and what is might cost the economy
Related links: https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2011/q4/feature1_weblinks.cfm
Journal Article
Health in Mind
Why mental illness is one of the hardest social welfare problems to solve
Journal Article
Too Many Co-Authors?
Briefing
Assessing Large Financial Firm Resolvability
A large financial institution may be said to be "resolvable" if, in the event of failure, policymakers would allow it to go through bankruptcy without financial assistance from the government. The choice between bankruptcy or bailout trades off different sets of costs on the economy. This Economic Brief presents a new tool that could assist policymakers with this evaluation, potentially helping to curb the "too big to fail" problem, serving as a useful complement to the "living wills" process, and making the resolution process more transparent.