In The Regional Economist, St. Louis Fed President James Bullard discusses monetary policy options when the policy rate is effectively at zero. The column is based on his recent working paper, which he and his co-authors hope will inform the debate about appropriate monetary policy at the zero lower bound.
President James Bullard discusses the U.S. payment system’s importance to financial stability in the St. Louis Fed’s 2014 annual report. He also addresses the Fed’s role in efforts to improve the payment system.
Some countries’ business cycles are in sync with the world’s, while other countries’ cycles follow the ups and downs just of their neighbors’. This regional connection is even more prevalent if a region is defined not by geography but by common cultures and institutions.
The decision to look for a job, as well as some measures of income inequality, are closely connected with the living arrangements people choose and, therefore, are important to policymakers.