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Press Releases


Research Notes–May 2009


Featuring research published in April 2009

Speeches

After the Crisis
April 16, 2009
Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, remarks on the future of financial market regulations at the Levy Economics Institute at Bard College’s Conference on the State of the U.S. and World Economies in New York, N.Y.

Macroeconomics

Employer Monopsony Power in the Labor Market for Undocumented Workers
Working Paper 2009-14
Finding that the labor supply elasticity of undocumented workers is about 13 percent lower than that estimated for documented workers, the authors suggest that some of the gap can be explained by firms’ exploiting their monopsony power.

Finance

The 2008 Federal Intervention to Stabilize Fannie Mae and Freddie Mac
Working Paper 2009-13
The U.S. mortgage giants Fannie Mae and Freddie Mac required government intervention in the wake of the subprime mortgage crisis. The author looks at the sources of their instability and the effectiveness of government actions.

Podcasts

Southeast Employment Trends (MP3 6:38)
Southeastern Economic Perspectives
Michael Chriszt and Menbere Shiferaw of the Atlanta Fed's research department discuss employment trends in the Southeast.