Production networks, unauthorized immigration, residual seasonality, the bourbon industry and more
As manufacturing grows more sophisticated, industries become more interconnected through production networks.
A brief look at some key policy presentations by St. Louis Fed President James Bullard in 2018: on r-star, the Phillips curve, the yield curve, the U.S. growth surprise and monetary policy rules.
Residual seasonality in gross domestic product can make it difficult for policymakers to know whether weak first-quarter GDP growth is due to an actual downturn or a reported number that is understated.
Economic reasoning suggests that people should invest heavily in stocks when young and then shift to less-risky bonds as they grow older. Yet U.S. households don’t appear to be following this investment pattern.
Unauthorized immigration to the U.S. grew rapidly from 1990 to the Great Recession but has leveled off since then.
U.S. distillers face retaliatory tariffs abroad, but tourism related to whiskey remains a bright spot.
Debt growth and delinquency rate data do not seem to indicate that a severe debt problem may be brewing in these cities.
Forecasters are expecting real GDP to grow 2.4 percent in 2019, less than this year’s projected growth of 3.1 percent.