During an academic talk in Seoul at the Bank of Korea, St. Louis Fed President James Bullard discussed optimal monetary policy when credit markets are incomplete. He also discussed the decline in U.S. labor force participation.
Presentation (pdf) | Press Release
China’s industrial revolution over the past 35 years is probably one of the most important economic and geopolitical phenomena since the original Industrial Revolution in the 18th century. The rapid growth has puzzled many, in part because China tried and failed at this transformation before. What was the “secret” this time?
The percentage of foreign-born in the four major metro areas of the District is smaller than for the nation as a whole. However, some of the metro areas are showing faster growth in their Asian, African and Latin American populations than is the nation overall.