On January 31, 2012, the Treasury Borrowing Advisory Committee advised the Secretary of the Treasury that it unanimously supported the issuance of floating-rate notes by the U.S. Treasury.
April 9, 2012
April 6, 2012
Historical Echoes: Fed Chairman or Rock Star? When Arthur Burns Made Rolling Stone
Arthur Burns, Federal Reserve chairman between 1970 and 1978, made the October 21, 1976, issue of Rolling Stone magazine, but not the cover—sorry, Dr. Hook!
Posted at 7:00 am in Historical Echoes | Permalink
April 4, 2012
Corridors and Floors in Monetary Policy
As part of its prudent planning for future developments, the Federal Open Market Committee (FOMC) has discussed strategies for normalizing the conduct of monetary policy, when appropriate, as the economy strengthens.
April 2, 2012
Conclusion: How Low Will the Unemployment Rate Go?
A major theme of the posts in our labor market series has been that the outflows from unemployment, either into employment or out of the labor force, have been the primary determinant of unemployment rate dynamics in long expansions.
March 30, 2012
Reconciling Contrasting Signals in the Labor Market: The Role of Participation
The contrasting movements in the employment-to-population ratio (E/P) and the unemployment rate recently have been striking and puzzling.
Posted at 7:04 am in Inequality, Labor Market, Macroeconomics, Unemployment | Permalink | Comments (2)
Historical Echoes: How the BLS Measured Up
The measurement of employment and unemployment in the United States has a long history–longer, in fact, than that of other measures of economic activity.
Just Released: Chairman Bernanke Returns to His Academic Roots, Part 2
his week, Federal Reserve Chairman Ben Bernanke completed his four-lecture series for undergraduate students at the George Washington School of Business in Washington, D.C.
March 29, 2012
Skills Mismatch, Construction Workers, and the Labor Market
Recessions and recoveries typically have been times of substantial reallocation in the economy and the labor market, and the current cycle does not appear to be an exception.
March 28, 2012
The Bathtub Model of Unemployment: The Importance of Labor Market Flow Dynamics
An alternative to Okun’s law to understand unemployment dynamics is to examine the evolution of the unemployment inflow and outflow rates.
March 27, 2012
Okun’s Law and Long Expansions
Economic forecasters frequently use a simple rule of thumb called Okun’s law to link their real GDP growth forecasts to their unemployment rate forecasts.
Posted at 7:00 am in Forecasting, Labor Market, Macroeconomics, Unemployment | Permalink | Comments (1)
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