Cover Story

Features

Ask the Market

Companies are leading the way in the use of prediction markets. The public sector may soon follow
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Grinding Gears

The jobs bank program has provided greater job security for unionized workers at the Big Three automakers, but at the expense of greater flexibility in labor markets
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Trading Spaces

Conservation efforts get a boost from the market
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A Question of Money

Does money still matter for monetary policy?
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Decoding Messages From The Yield Curve

What does the recent inversion imply for banks in the Fifth District and beyond?

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Departments

President's Message

Lessons of the Phillips Curve

Federal Reserve

The Evolution of Fed Communications
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Jargon Alert

Arbitrage

Research Spotlight

Global Warming and American Agriculture

Policy Update

Interest Rate on Loans to Soldiers Capped

Around the Fed

Taxing Questions
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Short Takes/News from around the District

Interview

W. Kip Viscusi
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Economic History

Opening the Vault
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Book Review

The Disposable American: Layoffs and Their Consequences
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The Not-So-Dismal Science

The Strategist: The Live and Times of Thomas Schelling
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District/State Economic Conditions

Opinion

In Praise of Theory