Recently added articles from Economic Quarterly:
Estimating a search and matching model of the aggregate labor market.
Mar 22, 2009; ... The search and matching model has become the workhorse for labor market issues in macroeconomics. It is a conceptually attractive framework as it provides a rationale for the existence of equilibrium unemployment, such that workers who would be willing to work for the prevailing wage ...
The consolidation of financial regulation: pros, cons, and implications for the United States.
Mar 22, 2009; ... During the summer of 2008, the House Financial Services Committee held hearings to consider proposals for restructuring financial regulation in the United States (U.S. Congress 2008). A Treasury Department proposal, released in March 2008, played a prominent role in the hearings. The ...
Should increased regulation of bank risk-taking come from regulators or from the market?
Mar 22, 2009; ... The current expansion of the financial safety net that protects debtholders and depositors of financial institutions from losses began on March 15, 2008, with the bailout of Bear Stearns' creditors. The New York Fed assumed the risk of loss for $30 billion (later reduced to $29 billion) of ...
Monetary policy in the 2008-2009 recession.
Mar 22, 2009; ... Powerful real shocks combined to buffet the economy in 2007 and 2008. A combination of a fall in housing wealth from declining house prices and a fall in real income from increasing energy and food prices made individuals worse off. Although a moderate recession began at the end of 2007, ...
Problems for a fundamental theory of house prices.
Jan 01, 2009; ... The recent turmoil in the U.S. residential housing market affects mainly the market for owner-occupied housing. In this market, most owners have less than a complete equity share in their home; rather, they obtain a mortgage and borrow against the value of their home. There is a ...