Daily Policy Digest
|Liquidity in Retirement Savings Systems
What is the socially optimal level of liquidity in a retirement savings system?...
|Home Buying Decisions Driven by Leverage
The strength of housing demand is strongly affected by household wealth, income and the quantity of available financing...
|Understanding Benign Liquidity Traps: The Case of Japan
Credit constraints may be more important for macroeconomic performance than interest rates...
|Recent Declines in Labor's Share of Income
Since the onset of the financial crisis, labor's share of national income has fallen below historical levels...
|Autonomous Vehicles Will Have Tremendous Impacts on Government Revenue
Autonomous vehicles could have tremendous impacts on American society and government...
|Why Prices Vary for the Same Products
Price dispersion might be best explained by buyers' differing ability and willingness to shop around, rather than by market ignorance...FEDERAL RESERVE BANK OF RICHMOND
|New Overtime Requirement Could Cause Lower Base Pay
Economic research shows that employers offset new overtime costs by lowering base salaries...
|How Fast Internet Affects Home Prices
Access to Broadband is Changing How and Where Americans Live...
|Understanding Mortgage Default Decisions and Consumer Credit
Homeowners managed their use of housing and non-housing debt in a way that is broadly consistent with a rational, forward-looking, approach to credit default and to preserving access to credit...
|Fixing the American Economy: More Builders and Fewer Traders
The current laws shaping corporate and investor behavior lead to a destructive incentive system and hurt long-term investments...