Chang-Tai Hsieh and Tao Zha share their research on China's economy and financial system, and discuss the country's growth during the last decade as well as its recent regulation of private firms and banks. Hsieh teaches at the University of Chicago, while Zha works at the Federal Reserve Bank of Atlanta and Emory University.

How might a CBDC alter the banking system? How does credit easing affect bank runs? These and other questions were addressed during a recent Richmond Fed conference.

How does immigration policy impact economic growth? Do firms that hire more skilled immigrants perform better? These and other questions were addressed during a recent Richmond Fed conference.

Among the topics covered at the Marvin Goodfriend conference were Fed bond facilities' impact on corporate credit risk and how trade leads to a global Phillips curve.

Alex Wolman and Robert King reflect on the life and legacy of Marvin Goodfriend. Throughout his career, Goodfriend wrote a number of influential papers on monetary policy and played a key role in the development of the Richmond Fed's Research Department.

Arantxa Jarque and Daniela Scidá share the challenges faced by women in the economics profession and the progress that the Federal Reserve Bank of Richmond has made in addressing them. Jarque is a senior policy economist in the Richmond Fed's Research department and Scida is a financial economist and manager in the Bank's Quantitative Supervision and Research group.

How did unemployment insurance expansion affect recovery from the pandemic-induced recession? What are the effects of federal minimum wage hikes? A recent research conference addressed these questions and more.

Is money essential? How do self-interested parties bargain to achieve mutually beneficial outcomes? These were among questions addressed at a recent research conference.

Mark Bils of the University of Rochester and Niklas Engbom of New York University discuss their research on how easily labor is substituted or shifted between jobs and its implications for policies to bolster human capital.

Do payday loan regulations help or harm consumer welfare? How many firms close due to financial market inefficiencies? These were among questions addressed at a recent research workshop.