March 16, 2010
- By Riccardo DiCecio. A higher entry cost distorts the industry structure and the allocation of productive factors across firms, which results in lower total factor productivity and output per worker.
February 4, 2010
- As we enter the final quarter of 2009, a number of important indicators are beginning to show expansion, suggesting that the trough of the current contraction may have come in the second quarter of this year. However, not all incoming information has been positive. Some data suggest that any optimism should be tempered, that this fledgling recovery has a long way to go before the economy achieves stability, and that the key word moving forward is "uncertainty."
February 3, 2010
- By Christopher J. Neely. U.S. output growth declined less than in most other industrialized countries while U.S. unemployment rose higher and faster than it did in most other major industrialized countries.
January 12, 2010
- The unemployment rate was unchanged in December. However, the rate is underestimating labor market slack.