Search Results
Journal Article
What's driving gasoline prices?
If current market conditions prevail, gasoline prices are set to rise over the next few months and then fall over the next three years, according to this issue of the Economic Letter.
Journal Article
Global demographic trends shape policy environment
Demographics are key determinants of what is economically feasible at both the global and national levels. Demographics also have important implications for monetary policy. Slower population and labor force growth in the coming decades will have a depressing effect on real interest rates.
Journal Article
External debt sheds light on drivers of exchange rate fluctuations
During a financial panic, a major driver of exchange rate fluctuations is a country?s amount of external debt, or funds borrowed from foreign lenders. However, not all debt has the same impact on rate movements.
Journal Article
Inflation is not always and everywhere a monetary phenomenon
Fiscal policy is as significant as, and sometimes more important than, monetary policy in determining the price level and, therefore, the dynamics of inflation.
Journal Article
Crude oil export ban benefits some … but not all
Lifting the U.S. ban on crude oil exports would alleviate a growing glut of oil at the Gulf Coast refineries and should eventually reduce retail gasoline and diesel prices, benefiting U.S. consumers.
Journal Article
Investment enhances emerging economies' living standards
Investment helps countries at all levels of economic development reap productivity gains from new technologies and improve living standards. Investing to support innovation and a skilled workforce is as crucial for China as it is for the U.S.
Journal Article
Is rising unemployment an early warning of state-level recession?
Based on experience with national unemployment, analysts have viewed sharply higher state joblessness as signaling possible further deterioration. However, analyses indicate increasing state-level unemployment by itself does not indicate a recession, and that applying rule-of-thumb properties regarding recession to state economies is misguided.
Journal Article
A real appreciation for recent exchange-rate movements
Recent movements in real exchange rates? a measure of relative prices? in the euro area and Japan are consistent with long-run adjustments toward levels predicted by economic fundamentals.
Journal Article
Shadow banking reemerges, posing challenges to banks and regulators
Shadow banking has come roaring back and in new forms that still manage to escape bank regulation and could pose systemic risks since these activities remain deeply intertwined with traditional banking.
Journal Article
Does foreign direct investment help emerging economies?