Journal Article
Rockets and Feathers: Why Don't Gasoline Prices Always Move in Sync with Oil Prices?
Owyang, Michael T.; Vermann, E. Katarina (2014-10)
Given that Americans still spend a considerable portion of their budget on gasoline (just under 4 percent in 2012), it?s important to understand why gas prices don?t always move in sync with oil prices. The latter are determined in a more-or-less centralized market, but the market for gas is often local, with prices affected by location, season and taxes, among other factors.
The Regional Economist

Journal Article
A report on economic conditions in the St. Louis zone
Ricketts, Lowell R.; Vermann, E. Katarina; Kliesen, Kevin L.; Neely, Michelle Clark; Marifian, Elise; Li, Li; Liu, Yang (2014-04)
Burgundy Books , Issue 2Q

Journal Article
Output and unemployment: how do they relate today?
Owyang, Michael T.; Sekhposyan, Tatevik; Vermann, E. Katarina (2013-10)
Fifty years ago, Arthur Okun examined the relationship between output growth and the unemployment rate. The empirical relationship of the resulting ?Okun?s law? has remained largely intact since then, including during the Great Recession. However, while the law does fit our intuition about economic relationships, it should not necessarily be taken to be causal.
The Regional Economist , Issue October

Journal Article
Regional Gasoline Price Dynamics
Bennett, Julie; Owyang, Michael T.; Vermann, E. Katarina (2021-07-01)
A large literature has argued that gasoline prices respond more rapidly to increases in oil prices than to decreases in oil prices. Moreover, some of this literature has found heterogeneous asymmetry in gas price responses across cities. Here, we reconsider the causes of heterogeneous asymmetric pass-through. Consistent with the previous literature, we find heterogeneity in the magnitudes of asymmetric pass-through across cities. We also find a large number of cities that exhibit no asymmetries. We then examine whether heterogeneous asymmetry results from city-level differences in (i) the ...
Review , Volume 103 , Issue 3 , Pages 289-314

Journal Article
Okun's law in recession and recovery
Owyang, Michael T.; Vermann, E. Katarina (2013)
The relationship between unemployment and output growth changes during recoveries.
Economic Synopses

Journal Article
Employment Revision Asymmetries
Owyang, Michael T.; Vermann, E. Katarina (2014)
If employment revisions are systematically biased, they could affect how policy is conducted.
Economic Synopses , Issue 11

Journal Article
A report on economic conditions in the Louisville zone
Ricketts, Lowell R.; Vermann, E. Katarina; Kliesen, Kevin L.; Neely, Michelle Clark; Marifian, Elise; Li, Li; Liu, Yang (2014-04)
Burgundy Books , Issue 2Q

Journal Article
A report on economic conditions in the Little Rock zone
Ricketts, Lowell R.; Vermann, E. Katarina; Kliesen, Kevin L.; Neely, Michelle Clark; Marifian, Elise; Li, Li; Liu, Yang (2014-04)
Burgundy Books , Issue 2Q

Newsletter
Wait, is saving good or bad? the Paradox of thrift
Wolla, Scott A.; Vermann, E. Katarina (2012-05)
The average saving rate for the typical American household before the recession started in 2007 was 2.9 percent; since then it has risen to 5 percent. Uncertainty about the future was the primary driver for the increase. More saving is a good thing, right? Well, some economists argue it might be detrimental to the overall economy. Given the benefits to individuals, how could this be? This month?s Page One explores this ?paradox of thrift.?
Page One Economics Newsletter

Journal Article
A report on economic conditions in the Memphis zone
Ricketts, Lowell R.; Vermann, E. Katarina; Kliesen, Kevin L.; Neely, Michelle Clark; Marifian, Elise; Li, Li; Liu, Yang (2014-04)
Burgundy Books , Issue 2Q