Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for ...

Òscar Jordà is a senior policy advisor in the Economic Research Department of the Federal Reserve Bank of San Francisco.

Profiles: Google Scholar Working Papers The Crowding-In Effects of Local Government Debt in China 2024-35 | with X. Li, Peng, and Xu | November 2024 abstract We study how changes in the composition of ...

The unemployment rate has risen over half a percentage point since the second quarter of 2023. Individual survey data underlying the unemployment rate can help in assessing which labor market ...

Profiles: Google Scholar | RePEc | SSRN Working Papers Snow Belt to Sun Belt Migration: End of an Era? 2024-21 | with Wilson | July 2024 abstract Internal migration has been cited as a key channel by ...

The 2023 Diary of Consumer Payment Choice finds that that 2020’s shift away from cash and toward credit card payments has continued. Consumers continued to reach for credit cards at a higher rate in ...

The minimum wage has gained momentum among policymakers as a way to alleviate rising wage and income inequality. Much of the debate over this policy centers on whether raising the minimum wage causes ...

Central banks have a responsibility to share information in ways that improve the public’s understanding. This communication must be consistent enough that people can follow, and dynamic enough that ...

Monetary policy is often regarded as having only temporary effects on the economy, moderating the expansions and contractions that make up the business cycle. However, it is possible for monetary ...

Employment growth has consistently come in above pre-pandemic estimates of the rate needed for unemployment to stay near its long-run natural rate. Even so, unemployment has held steady, which raises ...

The results suggest that future changes in climate will increase exposure to extreme heat for outdoor workers in the United States. The number of days above 25°C for these workers rises substantially ...

Download PDF (pdf, 1.0 mb) Download Chart Data (Excel document, 130 kb) Summary The 2019 Diary of Consumer Payment Choice (Diary) highlights findings from the fifth Diary study conducted by the ...