Geographic Inequality of Economic Well-being among U.S. Cities: Evidence from Micro Panel Data
This paper analyzes the geographic inequality of economic well-being among U.S. cities by utilizing a novel measure of quantity based product-level economic well-being, i.e., the number of goods and services that can be purchased by consumers with an average city wage.
Smaller Banks Less Able to Withstand Flattening Yield Curve
For the overall
U.S. banking system, the
effect on profitability of
yield-curve flattening—the
lowering of the difference
between the yields of short- and
long-term debt—lasts
about a year and is relatively
small.
Equity Regulation and U.S. Venture Capital Investment
There is a growing consensus that the long-run per capita growth rate of the U.S. economy has drifted lower since the early 2000s, consistent with a perceived slowdown in business dynamism.
