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The Regional Economist


The Regional Economist

The Regional Economist is a quarterly publication aimed at an engaged, nonacademic audience. This publication addresses the regional, national and international economic issues of the day.

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October 2012

Measuring the Effect of School Choice on Economic Outcomes

In measuring the returns to education, economists usually focus on the number of years of schooling.  But many people would say that the quality of schooling matters, too, even at the high school level.  Does the type of high school attended make a difference in future income?

Too Big To Fail: The Pros and Cons of Breaking Up Big Banks

Many people want to put size limits on “too big to fail” banks, given their risks to the broader economy.  Such limits, however, could raise the cost of providing banking services by preventing banks from exploiting economies of scale.

Unemployment Insurance: Payments, Overpayments and Unclaimed Benefits

In the U.S. unemployment insurance program,  most of the overpayments due to fraud arise from individuals collecting benefits while they are gainfully employed. In addition, the overpayments are dwarfed by payments unclaimed by some who are eligible for unemployment benefits.

President's Message: The Fed Is Not "Missing on the Dual Mandate"

Manufacturing and Construction Decline in the Ranks of Top 10 Employers

National Overview: Economy Still Growing albeit at a Tepid Pace

District Overview: Household Financial Stress Declines in the Eighth District

Community Profile: Kentucky Town Seeks To Build On Bourbon and "Most Beautiful" Titles

Reader Exchange

The Regional Economist Online-only Content

Accounting for U.S. Growth: Is There a New Normal?

If labor productivity growth continues to decline while the employment-to-population ratio stabilizes at its current position, America’s economy might have a new normal: Real GDP growth could hover around 2 percent rather than 3 percent.

State and Local Debt: Growing Liabilities Jeopardize Fiscal Health

Not only are nations wrestling with growing debt levels, but so are state and local governments, including those in the seven states that make up the Eighth Federal Reserve District. Two of those seven states—Kentucky and Illinois—each have combined state and local obligations that, as a percentage of gross state product, are higher than California's.