Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications

By Huixin Bi and Sarah Zubairy News about future pension retrenchments leads to a decline in the labor force participation rate for people close to retirement and an increase in old-age pension spending.

Rocky Mountain Housing through the COVID-19 Pandemic

By Nicholas Sly The number of U.S. households unable to make housing payments has risen modestly and households in the Rocky Mountain region generally have had fewer missed payments than the national average. However, a substantial share of households indicated economic stimulus payments or unemployment insurance benefits helped them meet recent housing expenses.

The Unintended Consequences of Employer Credit Check Bans for Labor Markets

By Kristle Cortés, Andrew Glover and Murat Tasci Job vacancies decline significantly when laws forbid employers from using credit reports in the hiring process.

Housing Market Value Impairment from Future Sea-level Rise Inundation

By David Rodziewicz, Christopher J. Amante, Jacob Dice and Eugene Wahl Sea level rise will pose increased risks to U.S. coastal real estate markets in the coming decades, though the direct economic costs depend on the severity and uncertainty within climate-change scenarios.

Policymakers Have Options for Additional Accommodation: Forward Guidance and Yield Curve Control

By Brent Bundick and A. Lee Smith Forward guidance about future interest rates could deliver much, though not all, of the policy accommodation of yield curve control.