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Research Notes–August 2006


Featuring research published in July 2006

Macroeconomics

Dollar Appreciates in June
In June the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta rose 1.3 percent.

Regional Economics

Asymmetric Labor Force Participation Decisions over the Business Cycle: Evidence from U.S. Microdata
Working Paper 2006-8
Individual labor force participation responds asymmetrically to changes in local labor market conditions, the authors find, suggesting a behavioral source for observed cyclical asymmetry in the aggregate unemployment rate.