What Are Teachers Really Paid? Adjusting Wages for Regional Differences in Cost of Living
Cost of living explains only some of the differences in teacher pay.
Metro Business Cycles
We construct monthly economic activity indices for the 50 largest U.S. metropolitan statistical areas (MSAs) beginning in 1990. Each index is derived from a dynamic factor model based on twelve underlying variables capturing various aspects of metro area economic activity. To accommodate mixed-frequency data and differences in data-publication lags, we estimate the dynamic factor model using a maximum- likelihood approach that allows for arbitrary patterns of missing data. Our indices highlight important similarities and differences in business cycles across MSAs. While a number of MSAs ...
Metro Profile: A Tale of Four Cities: Widespread Growth in Northwest Arkansas
Home to Walmart and several other large companies, this region has experienced unusually strong growth in population and income over the past half-century. Although the area was not immune to the Great Recession, Northwest Arkansas could be on the verge of another spurt, given that its economy often follows that of the U.S. business cycle, now in an upswing.
The Impact of COVID-19 on the Residential Real Estate Market
During the spring, the COVID-19 pandemic caused the residential real estate market to decline an average 33% around the country.
Coal's Future Looks Uncertain as Rival Fuels Grow
The U.S. energy sector has been turned on its head over the past two decades. Developments in fracking have led to natural gas?s unseating coal in electricity production. U.S. oil production has almost doubled, wind and solar are now the cheapest producers of electricity in some areas of the U.S. even before tax credits, and ethanol refinement has changed both energy and corn markets. At the same time, significant moves in energy efficiency have mitigated the growth in U.S. electricity demand. This scenario was anticipated by very few. If new trends in electricity production continue, coal ...
Leisure and Hospitality Sector’s Recovery Complicated by Delta Variant
Shutdowns early in the pandemic primarily affected the Eighth Federal Reserve District’s leisure and hospitality sector, but its recovery could be complicated by the delta variant.
The Evolution of St. Louis’s Wage Distribution
There is less wage inequality in the St. Louis MSA than in the nation.
Industry Mix May Help Explain Urban-Rural Divide in Economic Growth
Economic growth in U.S. rural areas may be slower than growth in urban areas because of a different industry mix.
Why Is the St. Louis Metro Area Population Growing So Slowly?
According to an economic model, St. Louis should have grown 11% since 2000 but grew 4.7%.
Tracking the Economic Impact of the Pandemic Using High-Frequency Data
High-frequency data can provide a quicker snapshot of economic conditions than data that take weeks or months to become available.