Short essays on the economic issues of the day written for a generally informed readership.
2014, No. 25
Why Is Credit Card Delinquency Declining?
The decline in the number of cardholders in delinquency and the number of accounts per cardholder in delinquency are primary factors affecting the fall in the delinquency rate.
2014, No. 19
Comparing International Bond Yields
Spanish and Italian government bond yields are not directly comparable to those of U.S. Treasuries because the bonds are paid in different currencies.
2014, No. 7
Labor Market Update
There has been a significant and steady drop in the unemployment rate since late 2009, but unemployment duration remains high and employment as a percentage of the working-age population has not recovered.
2014, No. 6
Discouraged Workers: What Do We Know?
The number of discouraged workers is small relative to the rest of the working-age population,
and most discouraged workers do not stay in that category too long.
2014, No. 3
Has QE Been Effective?
Longer-term yields declined by relatively large amounts on days when the FOMC made specific QE announcements. However, the objective of QE has been to reduce long-term yields beyond the levels they would have reached without QE.