Economic Trends

Economic Trends is a monthly economic journal that provides analyses of current economic developments. Its audience consists of economists, bankers and those studying economics. Founded in 1979, Economic Trends has a circulation of about 8,800 and is non-paid. The Federal Reserve Bank of Cleveland publishes this periodical.

Articles from August

A Look at Ohio's Foreign-Born Population
08.06.2012 by Guanyi Yang The number of immigrants living in the United States has been growing at a faster pace in recent decades. The diversity of countries from which these new residents have emigrated has been increasing as well. I take a...
A Slow Recovery in the Banking Sector
07.16.2012 by Matthew Koepke Ever since the National Bureau of Economic Research called an end to the Great Recession in June 2009, the U.S. banking system has been engaged in a slow and fragile recovery. The most recent data from the Federal...
A Tale of Two Types of Credit
08.02.2012 by Yuliya Demyanyk, Matthew Koepke, and Emily Burgen Since the financial crisis in late 2008, the level of total real consumer credit outstanding has fallen 4.5 percent. While it has recaptured some of the ground it lost during the...
Beyond the Unemployment Rate: Long-Term Unemployment
08.06.2012 by Murat Tasci and Emily Burgen The unemployment rate has been above 8 percent since February 2009, the longest stretch since the 1950s. But what stands out about the current recovery's labor market, beyond the stubbornly high unemployment...
Is Moderate Growth the New Normal?
08.09.12 by Margaret Jacobson and Filippo Occhino Since the end of the recession, the economy has expanded at a slow pace. Recently revised data show that real GDP grew 2.5 percent in the first year of recovery, slowed to a 1.9 percent pace in...
Municipal Borrowing Trends in the Fourth District
08.03.2012 by Stephan Whitaker and Andrew Scarponi One distinct characteristic of the recent slow recovery has been financial strain of state and, especially, local governments. State and local tax revenue dropped 8.4 percent in 2009, capping...
The Evolving State of the Fed's Security Holdings
07.23.2012 by John Carlson, Bill Bednar and John Lindner Prior to the financial crisis, the Fed's security holdings were restricted to a mix of Treasury securities, which consisted of a combination of short-term bills and longer-term notes and...
Troubled Waters and the Bank of England's Funding for Lending Scheme
08.01.2012 by Owen Humpage and Maggie Jacobson With economies drifting into the doldrums, central banks are looking for ways to hoist more sail. Recently, the Bank of England unfurled its Funding for Lending Scheme, an economic jib of sorts that...
Yield Curve and Predicted GDP Growth, July 2012
Covering June 23, 2012--July 27, 2012 by Joseph G. Haubrich and Patricia Waiwood Overview of the Latest Yield Curve Figures Over the past month, the yield curve has gotten flatter, as short rates stayed nearly even and long rates dropped....