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Tags: richmond fed

Did Market Failures Cause the 2007-08 Financial Crisis?

December 3rd, 2014
in econ_news

from the Richmond Fed While economists have made substantial progress exploring this question, the answer remains unclear. The answer is important because financial regulation that does not address a specific market failure risks causing new inefficien… more »

Longer Unemployment Benefits Often Mean Longer Unemployment Spells, And That is Not Always a Bad Thing

November 30th, 2014
in econ_news

by Tim Sablik - Federal Reserve Bank of Richmond As unemployment surged during the 2007-2009 recession, individuals who lost jobs turned to unemployment insurance (UI) for support. In normal times, states provide up to 26 weeks of UI benefits funded by… more »

Reading Between the Lines - How the Grocery Industry Coalesced Behind the UPC Bar Code

November 29th, 2014
in econ_news

by Charles Gerena - Federal Reserve Bank of Richmond Dallas, May 1971 - the city was hosting the largest gathering of the grocery industry, the annual convention of the Super Market Institute (now the Food Marketing Institute). Reporters roamed the con… more »

Economists Ponder Whether Demographic Change Will Reduce the Potency of the Fed's Interest Rate Moves

November 28th, 2014
in econ_news

from the Richmond Fed America, like many industrialized countries, is aging. The Census Bureau projects that by 2030, over 20 percent of U.S. residents will be 65 or older, up from 13 percent in 2010 and less than 10 percent in 1970. For elder-law atto… more »

For Some American Muslims, Sharia-Compliant Banks Are an Important Part of the Financial Landscape

November 27th, 2014
in econ_news

by Renee Haltom, Federal Reserve Bank of Richmond Most Americans don't have to think about whether basic banking services are available. If anything, it feels like the choices in savings accounts, auto loans, mortgages, and investment vehicles are over… more »




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