Three separate models of trend inflation all signaled incipient inflation in 2020, but they currently all offer different assessments.
Renee Haltom shares what the Federal Reserve Bank of Richmond has learned from its business contacts and regional surveys about the impact of trade policy changes since last April. Haltom is a regional executive and vice president of sensing, engagement and publications at the Richmond Fed.
We propose a new reserve-demand estimation strategy — a middle ground between atheoretical reduced-form econometric approaches and fully structural quantitative-theoretic approaches.
Emerging economies exhibit pro-cyclical fiscal policy, counter-cyclical sovereign spreads, and recurrent debt crises, whereas advanced economies sustain high debt with low spreads and lower volatility in outcomes.
This study uses foot-traffic data and machine learning to separate unpredictable customer demand shocks from strategic business decisions at NYC establishments, revealing significant heterogeneity in shock persistence and trends that pooled analysis would miss.
Manufacturing activity was flat in March while non-manufacturing activity improved from the previous month.
Since 2021, the Collaboration of Research Economists (CORE) model has combined frontier research and an innovative delivery method to advance collaboration within the economics profession. Economists from a range of disciplines join with Richmond Fed economists eight times per year for seminars, collaboration, and formal and informal networking — all with an eye toward advancing economic research.
Research Associates help the Richmond Fed's economists with their research and policy memos for briefing the Bank's president on the state of the economy. For recent graduates thinking about applying to a Ph.D. program, this position is an ideal way to learn more about academic economic research.
