This year’s annual report examines a project the Fed is spearheading to improve the U.S. payment system. The essay is written by St. Louis Fed First Vice President David Sapenaro, who recently completed his responsibilities as the project’s interim payments strategy director.View Publication
Students will compute real Gross Domestic Product (GDP) and GDP per capita for three fictional countries. The Index of Economic Freedom will be used to compare and contrast the relationship between the degree of a country's economic freedom and the total output of that country and its standard of living. From the Inside the Vault article, "Which Came First - Democracy or Growth?"