In an interview Friday, Aug. 21, 2015, with Jeremy Schwartz and Jeremy Siegel on Wharton Business Radio on Sirius XM, President Bullard shared his views on monetary policy and the U.S. and global economy.
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.
The level of education determines a worker’s earnings to a large degree, and this simple study of cohorts of workers over the decades illustrates how the “lifetime education premium” is becoming more valuable than ever.
Oil prices and inflation expectations sometimes move in tandem. A close look at three types of shocks to oil prices suggests that not all shocks relate to inflation expectations in the same manner.
Changes in income of rich and poor households might overstate changes in welfare because the cost of goods favored by the rich is rising faster than the cost of goods consumed mainly by the poor and middle class.