Economic Brief

The Fed's "maximum employment" mandate isn't directly measurable, so how can we tell if the economy is close?

How does the rise in land-use regulation play into the decline in construction sector productivity?

How might labor productivity and total factor productivity fare over the rest of the decade?

The predicted average effective tariff rate for May was 17.5 percent, but the actual rate turned out to be 8.7 percent.

Local multipliers mean changes in government spending can have amplified effects on local economies.

A "rounding tax" could affect consumers, especially if attention turns to phasing out the nickel as well.

Such information creates significant inefficiencies, lowering asset supply, trade volume and overall welfare.

Global interconnectedness has been present for decades, as seen by how countries' GDP growth and inflation tend to move together.

In 2024, a significant number (12 percent) of 16-24 year olds were classified as "NEET" (not in employment, education or training).

An "impact factor" may help estimate how tariffs affect the cost of intermediate inputs used in production.