Featuring research published in May 2005
Speeches
Continuing the Pattern of Growth and Low InflationMacroeconomics
Fiscal Policy and Minimum Wage for Redistribution: An Equivalence Result
Working Paper 2005-8
The authors examine income redistribution attained under a minimum-wage law and anonymous taxes and transfers. They find that the resulting equilibrium allocation could be implemented through an agent-specific tax-transfer scheme.
A, B, C’s, (and D’s) for Understanding VARs
Working Paper 2005-9
Reviewing the impulse responses of vector autoregressions (VARs) in a variety of circumstances, the authors examine four situations that illustrate methods of mapping from VAR shocks to economic shocks.
Dollar Appreciated Slightly in April
In April the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta increased 1.0 percent.
Finance
FedACH Service Speeds U.S.–to–Mexico Remittances
Financial Update Q2 2005
Beginning in July, funds availability on automated clearinghouse payments from the United States to Mexico through the FedACH InternationalSM Mexico Service will drop from two days to one day.
New Fed Product Monitors ACH Transactions in Real Time
Financial Update Q2 2005
Federal Reserve Banks recently introduced a new risk management service that allows financial institutions to monitor automated clearinghouse transactions originated by their corporate customers.
