Capturing Rents from Natural Resource Abundance: Private Royalties from U.S. Onshore Oil & Gas Production
RESEARCH WORKING PAPERIn 2014 the six major shale plays produced more than $213 billion in oil and gas generating $39 billion in royalties, while local ownership of royalties averaged 12 to 55 percent across the major plays.
RESEARCH WORKING PAPERTo help private-sector faster payments systems achieve public policy goals of ubiquity, safety, and efficiency, the Federal Reserve could influence governance of the private-sector systems through its leadership role.
Macro BulletinJordan Rappaport analyzes the forces driving the recent rebound in multifamily construction. The article is summarized in The Macro Bulletin.
By José Mustre-del-Río and William Xu
Macro Bulletin Mustre-del-Río and Xu compare two measures of voluntary turnover and find job quitters have recently become more optimistic about their employment opportunities.
Midwest Economist Employment in Kansas and Missouri continued on a trend of modest growth during the spring.
Jason Brown examines how the recent period of declining oil prices has affected employment in oil- and gas-producing states.
Jordan Rappaport analyzes the forces driving the recent rebound in multifamily construction. The article is summarized in The Macro Bulletin.
By Michal Kowalik, Troy Davig, Charles S. Morris and Kristen Regehr
The authors analyze the financial characteristics of acquired banks with assets of $1 billion or less from 2011 to 2014 and find these banks had much in common.
By Taeyoung Doh, and Guangye Cao and Daniel Molling
Authors examine whether risk premiums can predict future economic growth and whether monetary policy can influence risk premiums.