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"Economic Research Articles" are links to the full-text of research articles from all of the Federal Reserve Banks, and the Board of Governors, as well as other government agencies and private institutions. The articles are mostly non-technical in nature. Below are the most current articles. Browse the Articles Archive or
Browse by Subject to find more articles.
New Economic Research Articles: International | National | Regional
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"The Financial Crisis Intensifies and Spreads"
By Patrick Roy
Federal Reserve Bank of Dallas International Economic Update, October 30, 2008.
The financial crisis that started in the United States has spread to European financial markets and now threatens emerging economies. Expectations for global growth have declined as a result of the turmoil, and weakened demand is causing inflationary pressures to subside. "World Health Report, 2008: Primary Health Care – Now More than Ever"
World Health Organization
World Health Organization World Health Report, 2008.
Each year this report combines an expert assessment of global health, including statistics relating to all countries, with a focus on a specific subject. This year the subject is primary health care. "Oil Prices and Inflation"
By Michele Cavallo
Federal Reserve Bank of San Francisco FRBSF Economic Letter, Number 2008-31, October 3, 2008.
This article examines the impact of rising oil prices on core inflation over the last decade for four economies: the U.S., the euro area, Canada, and the U.K. "Who Really Made Your Car?" (PDF)
By Thomas H. Klier and James M. Rubenstein
Federal Reserve Bank of Chicago Chicago Fed Letter, Number 255a, October 2008.
The authors explore the ongoing structural changes to the automotive industry and explain their local, regional, and international implications. "The Big Mac: A Global-to-Local Look at Pricing"
By Anthony Landy
Federal Reserve Bank of Dallas Economic Letter-Insights from the Federal Reserve Bank of Dallas, Volume 3, Number 9, September 2008.
The price of a McDonald's Big Mac may provide a glimpse into the factors that shape regional, national and global pricing. This article finds price-setting behaviors for a relatively simple product like the Big Mac are quite complex. "Remittances Ebb and Flow with the Immigration Tide"
By Federico S. Mandelman
Federal Reserve Bank of Atlanta EconSouth, Volume 10, Number 3, 3rd Quarter 2008.
For families in many developing countries, remittance payments sent back home by family members working abroad are the difference between subsistence and privation. How are changing migration patterns, economic developments, new technologies, and policies affecting this important payment method?
"The Great Recapitalization" (PDF)
By Edward Nelson
Federal Reserve Bank of St. Louis Monetary Trends, December 2008.
A discussion of the U.S. Treasury's Capital Purchase Program. "What Exactly Is a Recession—and Are We in One?"
By Michael Shenk
Federal Reserve Bank of Cleveland Economic Trends, October 10, 2008.
The common definition of a recession, and the one most frequently cited in the media, is a period of two consecutive quarterly declines in real GDP. This article discusses what combined factors add up to a recession. "Food Inflation and the Consumption Patterns of U.S. Households" (PDF)
By Leslie McGranahan
Federal Reserve Bank of Chicago Chicago Fed Letter, Number 255, October 2008.
In July 2008, food prices were 6.0% above their July 2007 level. This article examines how different household types have been affected by the recent rapid rise in food prices. "The Credit Crunch of 2007-2008: A Discussion of the Background, Market Reactions, and Policy Responses" (PDF)
By Paul Mizen
Federal Reserve Bank of St. Louis Review, Volume 90, Issue 5, Number pp. 531-67, September/October 2008.
This paper discusses the events surrounding the 2007-08 credit crunch. The credit crisis itself occurred when house prices fell and subprime mortgage defaults increased. "Do Oil Prices Directly Affect the Stock Market?"
By Andrea Pescatori and Beth Mowry
Federal Reserve Bank of Cleveland Economic Trends, September 12, 2008.
Does a change in oil prices affect the overall stock market in any predictable, meaningful way? "Strategic Social Responsibility" (PDF)
By Rubén Hernández-Murillo
Federal Reserve Bank of St. Louis National Economic Trends, September 2008.
Corporate social responsibility (CSR) is a concept that promotes expanded social stewardship by businesses and organizations. Recent studies suggest that
engaging in CSR can be profitable. "Creating Value-based Competition in Health Care" (PDF)
By Sam Kahan
Federal Reserve Bank of Chicago Chicago Fed Letter, Number 254a, September 2008.
On April 14-15, 2008, the Federal Reserve Bank of Chicago and the Detroit Regional Chamber co-sponsored the second annual forum on health care. This year's program focused on how the health care system could be improved in terms of cost, quality, and accessibility. "Income, Poverty, and Health Insurance Coverage in the United States: 2007" (PDF)
By Carmen Denavas-Walt, Bernadette D. Proctor, and Jessica C. Smith
U.S. Census Bureau Current Population Reports, Number P60-235, August 2008.
This report presents data on income, poverty, and health insurance coverage in the United States based on information collected in the 2008 and earlier Annual Social and Economic Supplements (ASEC) to the Current Population Survey (CPS) conducted by
the U.S. Census Bureau. "Managing the Expanded Safety Net"
By Gary H. Stern and Ron J. Feldman
Federal Reserve Bank of Minneapolis The Region, Issue 2007 Annual Report Issue, May 2008.
This essay explains why the government’s response to the 2007–08 financial turmoil, although justified, expanded the safety net and exacerbated the existing too big to fail (TBTF) problem. "The Importance of Health and Health Care" (PDF)
Council of Economic Advisers
Council of Economic Advisers Economic Report of the President, Chapter 4, 2008.
This report discusses the current health care system and opportunities for reforms that would reduce costs, increase access, enhance quality, and improve the health of Americans. "The Semantics of Health Care Prices"
By Ronald A. Wirtz
Federal Reserve Bank of Minneapolis fedgazette, Volume 19, Issue 6, November 2007.
Transparency is obscured by the complexity of today’s health care system. "Mandatory and Affordable Health Insurance" (PDF)
By Len M. Nichols
Federal Reserve Bank of St. Louis Regional Economic Development, Volume 3, Issue 1, October 2007.
This paper asserts that America's health care system is broken and cannot be repaired with timid half-measures. It suggests that we need both universal coverage and a more efficient delivery system and that these are not competing objectives.
"Focus on Health Care, Entrepreneurs and Tourism Rejuvenates Paris, Tenn." (PDF)
By Susan C. Thomson
Federal Reserve Bank of St. Louis The Regional Economist, October 2008.
Leaders of a small town in western Tennessee explain why they no longer dream of being a manufacturing center again. Instead, they are focusing their job development efforts on health care, entrepreneurs and tourism. "Are Energy Prices Threatatening the Farm Boom?" (PDF)
By Jason Henderson
Federal Reserve Bank of Kansas City Main Street Economist, Issue V, 2008.
This article explores whether soaring energy prices threaten to slow the booming farm economy. "Moving the Middle Forward"
By Joe Mahon
Federal Reserve Bank of Minneapolis The Region, September 2008.
A conference at the Minneapolis Fed looks to the economic future of the Midwest. "Plumbing the Gulf's Depths for Oil and Gas"
By Charles Davidson
Federal Reserve Bank of Atlanta EconSouth, Volume 10, Number 3, 3rd Quarter 2008.
For many reasons, high crude oil prices have not set off a mad rush to extract the Gulf of Mexico's oil and gas supplies.
Didn't find what you were looking for? Try searching Fed in Print — the comprehensive index to Federal Reserve economic research maintained by the Federal Reserve Bank of San Francisco.
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