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Would increasing the minimum wage reduce poverty?
The nonpartisan Congressional Budget Office tackles that question in a new report and highlights the trade-off presented by increasing the minimum wage. This issue of the newsletter explains the debate and discusses whether other approaches may be more effective in helping alleviate poverty.
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How Does the Fed Use Its Monetary Policy Tools to Influence the Economy?
The Federal Reserve has a congressional mandate to promote maximum employment and price stability. The May issue of Page One Economics explains how the Federal Open Market Committee (FOMC) conducts monetary policy by setting the target range for the federal funds rate and how the Fed uses its policy tools to steer the federal funds rate into the FOMC’s target range.
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The Market for Eggs: How Prices Are Hatched
Examine how the egg market operates and why prices fluctuate.
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What’s in Your Market Basket? Why Your Inflation Rate Might Differ from the Average
Does it feel like your dollars go as far as they used to? If not, how does that mesh when reports say inflation rates are lower than average? The October issue of Page One Economics explains the disconnect between what you might experience as a consumer and what the data show.
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How Federal Reserve Bank Presidents Ensure “Main Street” is Represented in Monetary Policy
The Federal Reserve’s Federal Open Market Committee conducts monetary policy to promote maximum employment and price stability in the U.S. economy. Monetary policy is made at the national level, but it’s important that policy reflects the economic voices beyond Washington, D.C., and Wall Street. The November issue of Page One Economics explains how Federal Reserve Bank presidents ensure the voices of “Main Street” are reflected in monetary policy decisions.
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A New Frontier: Monetary Policy with Ample Reserves
The Federal Reserve conducts the nation?s monetary policy to promote maximum employment and price stability through the federal funds rate. This issue of Page One Economics reviews the previous framework for monetary policy and then describes the Federal Reserve?s new strategy for influencing the federal funds rate and the broader economy.
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Investing in yourself: an economic approach to education decisions
"Human capital" may not be the first thing that comes to mind when we think about investments, but investing in education and training is an important economic decision. Learn about human capital and the return on such an investment in the February 2013 Page One Economics Newsletter?"Investing in Yourself: An Economic Approach to Education Decisions."
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The output gap: a “potentially” unreliable measure of economic health?
The output gap is one (of many) economic indicators used by economists to measure the strength of the economy. What exactly is the output gap, and how accurately does it predict the state of the economy? Read this month's Page One Economics Newsletter, "The Output Gap: A ?Potentially? Unreliable Measure of Economic Health," for an explanation of the output gap and answers to these questions.
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Gini in a bottle: some facts on income inequality
Income inequality has been rising in the United States and other developed countries. The March 2012 Page One Economics Newsletter discusses income inequality, its causes, and some possible policy solutions.
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Making Sense of Unemployment Data
Job growth has been healthy over the past five years. However, many people are still concerned about the overall health of the labor market. This issue of Page One Economics explains what the unemployment rate does?and does not?measure and whether it is a reliable indicator of the health of the labor market.