Journal Article
Protecting coastal communities: managing change
Kotval, Zenia; Mullin, John (2007-07)
Careless coastal development is threatening a bulwark of New England?s economy and quality of life. The authors offer 30 years of research on techniques for permitting change without doing harm.
Communities and Banking , Issue Sum , Pages 9-10

Journal Article
Emerging equity markets in the global economy
Mullin, John (1993-07)
Developing-country equity markets have changed greatly in the last several years. The author examines recent structural reforms and their effects on equity portfolio inflows in several of the most highly capitalized emerging equity markets. He also analyzes broad trends in these markets, giving particular attention to the integration of the markets with the global financial system.
Quarterly Review , Volume 18 , Issue Sum , Pages 54-83

Briefing
Projecting Unemployment and Demographic Trends
Hornstein, Andreas; Mullin, John; Kudlyak, Marianna (2019-09)
Demographic forces have profoundly shaped the dynamics of U.S. labor force participation and unemployment over the past forty years. Recognizing the importance of these employment indicators for the conduct of monetary policy, this Economic Brief explores how they have been influenced by the U.S. population's changing gender, educational, and age profile. Based on the authors' estimates, the trend U.S. unemployment rate will decline to 4.3 percent over the next ten years as the population continues to age and increase its educational attainment.
Richmond Fed Economic Brief , Issue September

Briefing
Sovereign CDS Dealers as Market Stabilizers
Sultanum, Bruno; Mullin, John (2020-12)
Economists at the Richmond Fed analyze the role of dealer-provided liquidity in sovereign credit default swap markets. Using newly available data from the Depository Trust and Clearing Corporation, they track the positions held by large dealers during crises in Ukraine, Venezuela, and Argentina. The researchers find that large dealers tended to increase their provision of insurance as risk increased during those episodes — a finding that is consistent with the notion that they tend to act as market stabilizers during times of turmoil.
Richmond Fed Economic Brief , Volume 20 , Issue 13 , Pages 6 pgs.

Briefing
Lifespan Inequality and Social Security Reform
Jones, John Bailey; Mullin, John (2020-11)
What does lifespan inequality mean for Social Security reform? Using a life-cycle model in which the rich tend to outlive the poor, the researchers analyze how various reforms affect the trade-off between distributing lifetime Social Security benefits more equally and encouraging society's most productive members to work longer. They find that social welfare is maximized when benefits are independent of lifetime earnings, the payroll tax cap remains near its current level, and benefits are made less dependent on the age at which they are initially claimed.
Richmond Fed Economic Brief , Volume 20 , Issue 12 , Pages 4 pgs.

Briefing
Inflation Expectations: Separating the Signal from the Noise
Mullin, John; O'Trakoun, John; Sarte, Pierre-Daniel G. (2021-10)
Richmond Fed Economic Brief , Volume 21 , Issue 33

Briefing
Firm Closures, a Global Phillips Curve, and More: A Recap of the Fall Research Workshop
Mullin, John (2021-12)
How do firms decide how to locate their stores? Do payday loan regulations help or harm consumer welfare? How many firms go out of business due to financial market inefficiencies? These were among the questions addressed by researchers during a recent research workshop.
Richmond Fed Economic Brief , Volume 21 , Issue 42

Briefing
Government Programs and Their Effects on Welfare and Employment: A Conference Recap
Mullin, John (2022-04)
How did the expansion of unemployment benefits during the pandemic affect aggregate spending and job search? What are the short-term and long-term effects of federal minimum wage hikes? Why do the effects of public pension retrenchments depend on how they are phased in? These were among the questions addressed by economists during a recent research conference.
Richmond Fed Economic Brief , Volume 22 , Issue 13

Briefing
Recent Research in Monetary Policy and Central Banking: A Conference Recap
Mullin, John (2022-06)
How did the Fed's pandemic-initiated corporate bond facility affect credit markets? What are the supply-side effects of monetary policy? Under what conditions do central bank reserves affect credit spreads? These were among the questions addressed by economists during a recent Richmond Fed research conference.
Richmond Fed Economic Brief , Volume 22 , Issue 19

Briefing
Intermediation and Bank Liquidity: A Conference Recap
Wells, Matthew; Mullin, John (2022-08)
How might a central bank digital currency alter banking system operations? What is the effect of credit easing on the dynamics of bank runs? Does increased competition among banks mean a more fragile banking system, and what can be done about it? These were among the research questions addressed by economists during a recent Richmond Fed research conference.
Richmond Fed Economic Brief , Volume 22 , Issue 34