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Journal Article
Policy Update: Risk Retention Contention
Journal Article
Book Review: Trillion Dollar Economists
Trillion Dollar Economists: How Economists and Their Ideas Have Transformed Business, by Robert E. Litan, Hoboken, N.J.: John Wiley & Sons, 2014, 363 pages.
Journal Article
INTERVIEW: James Poterba
Journal Article
Book review: A capitalism for the people
Journal Article
Robots for the Long Haul
There are 1.8 million heavy truck and tractor-trailer drivers in the United States. Will self-driving trucks soon mean the end of many of those jobs?
Journal Article
Book review: Cities growing apart
Review of Enrico Moretti's "The new geography of jobs" Houghton Mifflin Harcourt, 2012, 252 pages.
Journal Article
Interview: Mark Gertler
Briefing
How Likely Is a Return to the Zero Lower Bound?
The likelihood of returning to near-zero interest rates is relevant to policymakers in considering the path of future interest rates. At the zero lower bound, the Fed can no longer lower rates and thus can respond to a contraction only through alternative policy measures, such as quantitative easing. Recent research at the Richmond Fed has used repeated simulations of the U.S. economy to estimate the probability of such an occurrence over the next ten years. The estimated probability of returning to the zero lower bound one or more times during this period is approximately one chance in four.
Journal Article
Book review: Riches from respect
Review of Dierdre N. McClosky's "Bourgeois dignity: why economics can't explain the modern world," Chicago University Press, 2012.