Despite a significant decline in the pace of economic growth in the second half of 2000, macroeconomic forecasters underpredicted real GDP growth and overpredicted the unemployment rate by a significant amount, for the fifth consecutive year. On average,...
In the context of today's tight labor markets, as well as projections of continued growth in demand for workers with high skills, various states are considering how to retain and attract recent college graduates. Such efforts involve identifying an...
Over the past thirty years, the activities of the Federal Reserve System have undergone major change. Public interest and confidence in monetary policy have grown immensely. Low inflation has emerged, if not as the primary objective of monetary policy,...