The Atlanta Fed's early leaders would be proud that the South's economy is no longer almost entirely dependent on cotton. Extra Credit offers highlights of the Atlanta Fed's early years, with the nation's history as a backdrop.
R. Anton Braun, Lena Mareen Körber, and Yuichiro Waki
Working Paper 2013-13 (December)
What are the effects of higher government purchases on output in a liquidity trap? An emerging consensus is that the government purchase output multiplier is well above one in New Keynesian models. The authors find instead that it is generally close to or even less than one.
The latest video in the Fed Explained series explains the importance of keeping our money stable. Extra Credit summarizes the video—"Good versus Bad Standards"—and introduces a new way to use the Fed Explained video series in the classroom.
Fascinating facts about current and historic U.S. money, including security features, how to spot a counterfeit, and moreLearn more
This quarterly economic and business magazine features articles on regional, national, and international issues; interviews with subject matter experts; and highlights of regional data and analysis.Learn more
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