2015 Richmond Fed Research Digest

Karl Rhodes and Timothy Sablik

Research Digest, 2015, 16

Abstract: Summaries of work by economists in the Bank’s Research Department published externally from June 1, 2014, through May 31, 2015

Date: 2015
Note: Welcome to the fourth annual issue of the Richmond Fed Research Digest. The Federal Reserve Bank of Richmond produces several publications that feature the work of economists in its Research Department, but those economists also publish extensively in other venues. The Richmond Fed Research Digest, a mid-year annual, brings this externally published research together in one place with brief summaries, full citations, and links to the original work. (Please note that access to articles may require registration or payment.) So bookmark this spot on the Richmond Fed website and mark your calendar for June 30, 2016, when the Bank will publish the next issue of the Richmond Fed Research Digest. Kudlyak demonstrates that the user cost of labor is the relevant price faced by a firm considering hiring a new worker. 2
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