Latest Research

Do Adverse Oil Price Shocks Change Loan Contract Terms for Energy Firms?

By Rajdeep Sengupta, W. Blake Marsh and David Rodziewicz
November 30, 2017
Economic Review Financing opportunities for energy firms tighten when oil prices fall, but some feel the crunch more than others.

A New Estimate of the Natural Rate of Unemployment

By Didem Tuzemen
November 29, 2017
The Macro Bulletin A new estimate of the natural rate of unemployment suggests demographic and technical changes lowered the natural rate to 4.6 percent.

Ignorance, Uncertainty, and Strategic Consumption-Portfolio Decisions

By Jun Nie, Yulei Luo and Haijun Wang
November 21, 2017
Research Working Paper The interaction between two kinds of uncertainty explains household decisions on consumption, portfolio choices, and precautionary savings.

Labor Market Improvement and the Use of Subsidized Housing Programs

By Nicholas Sly and Elizabeth M. Johnson
November 15, 2017
Economic Review Local and demographic-specific labor market conditions are more useful than national aggregates in explaining subsidized housing use.

The Labor Market Effects of Offshoring by U.S. Multinational Firms: Evidence from Changes in Global Tax Policies

By Nicholas Sly , Brian K. Kovak and Lindsay Oldenski
November 03, 2017
Research Working Paper Changes in global tax policy that lower the effective tax rate on foreign income raise employment at U.S. multinational firms.
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