FRBSF Economic Letter

1973 - 2025

From Federal Reserve Bank of San Francisco
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2013, articles dec2

Taxes, transfers, and state economic differences

Israel Malkin and Daniel Wilson

2013, articles nov12

Rebalancing the economy: a tale of two countries

John Williams

2013, articles nov4

Implied rate correlations and policy expectations

Allan M. Malz

2013, articles nov25

Consumer inflation views in three countries

Maura Lynch and Bharat Trehan

2013, articles nov18

Expectations for monetary policy liftoff

Michael Bauer and Glenn Rudebusch

2013, articles oct21

Why are housing inventories low?

William Hedberg and John Krainer

2013, articles oct7

Will unconventional policy be the new normal?

John Williams

2013, articles oct15

Gauging the momentum of the labor recovery

Benjamin Bradshaw, Mary Daly and Bart Hobijn

2013, articles sept23

Bubbles tomorrow and bubbles yesterday, but never bubbles today?

John Williams

2013, articles sept30

The zero lower bound and longer-term yields

Eric Swanson

2013, articles sept3

The changing role of disabled children benefits

Richard Burkhauser and Mary Daly

2013, articles sept9

Small businesses hit hard by weak job gains

Elizabeth Laderman

2013, articles aug19

The price of stock and bond risk in recoveries

Simon Kwan

2013, articles aug26

What’s behind the increase in part-time work?

Leila Bengali and Robert Valletta

2013, articles aug12

How stimulatory are large-scale asset purchases?

Vasco Cúrdia and Andrea Ferrero

2013, articles july15

The path of wage growth and unemployment

Mary Daly, Bart Hobijn and Timothy Ni

2013, articles july1

The economic recovery: past, present, and future

John Williams

2013, articles july22

Uncertainty and the slow labor market recovery

Sylvain Leduc and Zheng Liu

2013, articles july8

What caused the decline in long-term yields?

Michael Bauer and Glenn Rudebusch

2013, articles june3

Fiscal headwinds: Is the other shoe about to drop?

Brian Lucking and Daniel Wilson

2013, articles june24

The future of Social Security Disability Insurance

Mary Daly, Brian Lucking and Jonathan Schwabish

2013, articles may13

Will labor force participation bounce back?

Leila Bengali, Mary Daly and Robert Valletta

2013, articles may20

Economic outlook: moving in the right direction

John Williams

2013, articles may6

Crises before and after the creation of the Fed

Early Elias and Oscar Jorda

2013, articles apr22

Commercial real estate and low interest rates

John Krainer

2013, articles apr8

Can risk aversion explain stock price volatility?

Stephen LeRoy

2013, articles apr15

Job growth and economic growth in California

Jennifer Muz and David Neumark

2013, articles apr1

Unconventional monetary policy and the dollar

Reuven Glick and Sylvain Leduc

2013, articles mar25

On the reliability of Chinese output figures

John Fernald, Israel Malkin and Mark Spiegel

2013, articles mar4

U.S. economic mobility: the dream and the data

Leila Bengali and Mary Daly

2013, articles mar11

What’s driving medical-care spending growth?

Adam Shapiro

2013, articles feb25

The economy and Fed policy: follow the demand

John Williams

2013, articles feb4

Long-term unemployment: what do we know?

Robert Valletta

2013, articles feb11

Aggregate demand and state-level employment

Atif Mian and Amir Sufi

2013, articles jan14

Balance of payments in the European periphery

Galina Hale

2013, articles jan21

Monetary policy in uncertain times

John Williams

2013

Why do measures of inflation disagree?

Yifan Cao and Adam Shapiro

Labor markets in the global financial crisis

Mary Daly, John Fernald, Oscar Jorda and Fernanda Nechio

2012, articles dec3

External shocks and China’s monetary policy

Zheng Liu and Mark Spiegel

2012, articles dec17

Will the jobless rate drop take a break?

Mary Daly, Early Elias, Bart Hobijn and Oscar Jorda

2012, articles dec24

Monetary policy and interest rate uncertainty

Michael Bauer

2012, articles nov5

Did the housing boom affect mortgage choices?

Frederick Furlong and Yelena Takhtamanova

2012, articles nov13

The Federal Reserve’s unconventional policies

John Williams

2012, articles nov26

Highway grants: roads to prosperity?

Sylvain Leduc and Daniel Wilson

2012, articles oct1

The economic outlook and Federal Reserve policy

John Williams

2012, articles oct15

Is China due for a slowdown?

Israel Malkin and Mark Spiegel

2012, articles oct29

Credit access following a mortgage default

William Hedberg and John Krainer

2012, articles sep17

Uncertainty, unemployment, and inflation

Sylvain Leduc and Zheng Liu

2012, articles sep4

Assessing state business climate indexes

Jed Kolko, Marisol Cuellar Mejia and David Neumark

2012, articles sep24

The financial crisis and inflation expectations

Bharat Trehan and Oskar Zorrilla

2012, articles aug20

Consumer debt and the economic recovery

John Krainer

2012, articles aug6

Pricey oil, cheap natural gas, and energy costs

Galina Hale and Fernanda Nechio

2012, articles aug27

Small business loans and small bank health

Elizabeth Laderman

2012, articles aug13

Asia’s role in the post-crisis global economy

Reuven Glick and Mark Spiegel

2012, articles july9

Monetary policy, money, and inflation

John Williams

2012, articles july23

The outlook and monetary policy challenges

John Williams

2012, articles july2

U.S. fiscal policy: headwind or tailwind?

Brian Lucking and Daniel Wilson

2012, articles jun25

Housing bubbles and homeownership returns

Marius Jurgilas and Kevin Lansing

2012, articles jun11

Structural and cyclical economic factors

Eric Swanson

2012, articles jun4

Are U.S. corporate bonds exposed to Europe?

Galina Hale, Elliot Marks and Fernanda Nechio

2012, articles may21

Fed asset buying and private borrowing rates

Michael Bauer

2012, articles may7

Commodity prices and PCE inflation

Galina Hale, Bart Hobijn and Rachna Raina

2012, articles may14

Liquidity risk and credit in the financial crisis

Philip E. Strahan

2012, articles apr2

Why has wage growth stayed strong?

Mary Daly, Bart Hobijn and Brian Lucking

2012, articles apr30

Worker skills and job quality

David Neumark and Robert Valletta

2012, articles apr9

The slow recovery: it’s not just housing

John Williams

2012, articles apr16

Credit: a starring role in the downturn

Oscar Jorda

2012, articles mar26

Emerging Asia: two paths through the storm

Galina Hale and Alec Kennedy

2012, articles mar5

Do Fed TIPS purchases affect market liquidity?

Jens Christensen and James M. Gillan

2012, articles mar19

Job creation policies and the Great Recession

David Neumark

2012, articles feb6

Government spending: an economic boost?

Daniel Wilson

2012, articles feb13

Mortgage prepayment: an avenue foreclosed?

Elizabeth Laderman

2012, articles feb27

U.S. and euro-area monetary policy by regions

Israel Malkin and Fernanda Nechio

2012, articles jan17

The Federal Reserve and the economic recovery

John Williams

2012, articles jan9

Bilateralism, multilateralism, and trade rules

Carolyn Evans

2012, articles jan30

Why is unemployment duration so long?

Katherine Kuang and Robert Valletta