U.S. industries have become less connected over the last 10 years, and service industries have become more central.
Additional files: Appendix
1st Quarter 2017
Jordan Rappaport finds factors related to population, population density, and centralized employment have driven much of the recent variation in multifamily construction across metros.Additional files: Data Supplement
Economic Review Archive
Taeyoung Doh and Jason Choi propose a new “shadow” short-term interest rate to measure the stance of policy when the federal funds rate was constrained by the zero lower bound.Additional files: Data Supplement