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Tags: richmond fed

Nominal GDP: Target Or Benchmark?

April 4th, 2015
in econ_news

from the Richmond Fed Some observers have argued that the Federal Reserve would best fulfi ll its mandate by adopting a target for nominal gross domestic product (GDP). Insights from the monetarist tradition suggest that nominal GDP targeting could be… more »

Explaining The Decline In The Number Of Banks Since The Great Recession

March 11th, 2015
in econ_news

by Richmond Fed The fi nancial crisis of 2007 - 08 was a major shock to the U.S. banking sector. From 2007 through 2013, the number of independent commercial banks shrank by 14 percent - more than 800 institutions. Most of this decrease was due to the… more »

Transitioning From "Out Of The Workforce" To Being Employed

March 9th, 2015
in econ_news

from the Richmond Fed In the U.S. labor market unemployed individuals that are actively looking for work are more than three times as likely to become employed as those individuals that are not actively looking for work and are considered to be out of… more »

The High School Dropout Dilemma, And How Can We Help Them Stay?

March 8th, 2015
in econ_news

by Jessie Romero - Econ Focus, Federal Reserve Bank of Richmond Orangeburg Consolidated School District 5 serves about 7,000 students in rural South Carolina. More than one-quarter of its high school students fail to graduate within four years. Predomi… more »

Raise The Wage? Is There No Downside To A Higher Minimum Wage Or Would The Poor Be Hurt?

March 7th, 2015
in econ_news

by Richmond Fed by Wendy Morrison - Econ Focus, Federal Reserve Bank of Richmond Calls to raise the minimum wage can be found anywhere from political speeches to the lyrics of popular rap artist Kanye West. In the past few years, many efforts to rais… more »




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