This is the third in a series of blog posts on the topic of measuring labor market slack. In this post, we assess the relationships between short- and long-term unemployment and wages by comparing the differences in states’ experiences over the business cycle.
November 19, 2014
November 18, 2014
How Attached to the Labor Market Are the Long‑Term Unemployed?
In this second post in our series, we analyze the labor market outcomes of long-term unemployed workers to assess their employability and labor force attachment.
November 17, 2014
Measuring Labor Market Slack: Are the Long‑Term Unemployed Different?
There has been some debate in the Liberty Street Economics blog and in other outlets, such as Krueger, Cramer, and Cho (2014) and Gordon (2013), about whether the short-term unemployment rate is a better measure of slack than the overall unemployment rate.
November 14, 2014
Historical Echoes: Personal Effects
Does the Federal Reserve or the government care about pocketbooks?
Posted at 7:00 am in Historical Echoes | Permalink
November 12, 2014
Did Local Funding Responses to Post‑Recession State Aid Cuts Vary by Property Wealth?
In the first of this two post series, we investigated the relationship between state aid and local funding before and after the Great Recession.
November 10, 2014
Did School Districts Offset State Education Funding Cuts?
It’s well known that the Great Recession led to a massive reduction in state government revenues, in spite of the federal government’s attempt to ease budget tightening through American Recovery and Reinvestment Act aid to states.
November 7, 2014
Historical Echoes: A Stitch in Time Saves You from Carrying Around Worthless Money
Lauren DiCioccio, a mixed media artist, sews (in the sense of embroiders) money.
Posted at 7:00 am in Historical Echoes | Permalink
November 5, 2014
Forecasting Inflation with Fundamentals . . . It’s Hard!
Jan Groen Controlling inflation is at the core of monetary policymaking, and central bankers would like to have access to reliable inflation forecasts to assess their progress in achieving this goal. Producing accurate inflation forecasts, however, turns out not to be a trivial exercise. This posts reviews the key challenges in inflation forecasting and discusses […]
November 3, 2014
Evolution of S‑Corporation Banks
Commercial banks didn’t become eligible for S-Corporation status until 1997, when President Bill Clinton signed legislation (the Small Business Job Protection Act of 1996) that allowed commercial banks to select S-Corporation as their preferred tax status.
October 24, 2014
At the N.Y. Fed: Macroeconomic Policy Mix in the Transatlantic Economy
The reasons why the macroeconomic policy mix has been different on the two sides of the Atlantic in recent years remain a hotly debated issue.
RSS Feed
Follow Liberty Street Economics
