#2007-043E "Why Do So Few Women Work in New York (and So Many in Minneapolis)? Labor Supply of Married Women Across U.S. Cities"
by Dan A. Black, Natalia Kolesnikova, and Lowell J. Taylor
October 2007
Revised August 2009

This paper documents a little-noticed feature of U.S. labor markets – a very large variation in the labor supply of married women across cities. More...

#2007-010B "Measuring the Information Content of the Beige Book: A Mixed Data Sampling Approach"
by Michelle T. Armesto, Rubén Hernández-Murillo, Michael T. Owyang, and Jeremy M. Piger
March 2007
Revised May 2008

Studies of the predictive ability of the Federal Reserve's Beige Book, an anecdotal measure of regional economic conditions, for aggregate output and employment have proven inconclusive. More...

PUBLISHED: Journal of Money, Credit, and Banking, February 2009, 41(1), pp. 35-55

#2007-004A "The Perils of Globalization: Offshoring and Economic Insecurity of the American Worker"
by Richard G. Anderson, and Charles S. Gascon
February 2007

According to polls from the 2006 congressional elections, globalization and economic insecurity were the primary concerns of many voters. More...

#2007-003D "A State-Level Analysis of the Great Moderation"
by Michael T. Owyang, Jeremy M. Piger, and Howard J. Wall
February 2007
Revised May 2008

A number of studies have documented a reduction in aggregate macroeconomic volatility beginning in the early 1980s, i.e., the “Great Moderation.” More...

PUBLISHED: Regional Science and Urban Economics, November 2008, 38(6), pp. 578-89

#2006-058D "Strategic Online-Banking Adoption"
by Roberto Fuentes, Rubén Hernández-Murillo, and Gerard Llobet
October 2006
Revised January 2008

In this paper we study the determinants of banks' decision to adopt a transactional website for their customers. More...

#2006-057A "Controlling for Geographic Dispersion When Estimating the Japanese Phillips Curve"
by Hiroshi Fujiki, and Howard J. Wall
October 2006

This paper argues that estimation of the Phillips curve for Japan should take account of the geographic dispersion of labor-market conditions. More...

#2006-056C "The Economic Performance of Cities: A Markov-Switching Approach"
by Michael T. Owyang, Jeremy M. Piger, Howard J. Wall, and Christopher H. Wheeler
October 2006
Revised January 2007

This paper examines the determinants of employment growth in metro areas. More...

PUBLISHED: Journal of Urban Economics, November 2008, 64(3), pp. 538-50

#2006-055A "Trends in the Distributions of Income and Human Capital within Metropolitan Areas: 1980-2000"
by Christopher H. Wheeler, and Elizabeth A. La Jeunesse
October 2006

Human capital tends to have significant external effects within local markets, increasing the average income of individuals within the same metropolitan area. More...

#2006-053A "Regional Business Cycle Phases in Japan"
by Howard J. Wall
September 2006

This paper uses a Markov-switching model with structural breaks to characterize and compare regional business cycles in Japan for 1976-2005. More...

PUBLISHED: Federal Reserve Bank of St. Louis Review, January/February 2007, 89(1), pp. 61-76

#2006-048C "Red Ink in the Rearview Mirror: Local Fiscal Conditions and the Issuance of Traffic Tickets"
by Thomas A. Garrett, and Gary A. Wagner
August 2006
Revised July 2007

Municipalities have revenue motives for enforcing traffic laws in addition to public safety motives because many traffic offenses are punished via fines and the issuing municipality often retains the revenue. More...

PUBLISHED: Journal of Law and Economics, February 2009, 52(1), pp. 71-90