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    Academic Journals

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• What does the new long-run monetary policy framework imply for the path ahead?

  From:Business Economics (Vol. 56, Issue 1) Peer-Reviewed

  Jan. 20214,590 words Speech 1400LAbstract Following a lengthy review, the FOMC recently revised its long-run monetary policy strategy statement, largely in recognition of the persistent threat the effective lower bound (ELB) on policy rates poses to...

• The legacy of Paul Volcker.

  Authors:Sheila Bair, Donald Kohn, and John TaylorFrom:Business Economics (Vol. 56, Issue 1) Peer-Reviewed

  Jan. 20218,268 words Biography 1010LAbstract Paul Volcker was a model public servant, not only his service as Fed Chair, but also in his work on international economic policy at the Treasury, and in his service in many other realms. Three distinguished...

• From the editor.

  Author:Charles SteindelFrom:Business Economics (Vol. 56, Issue 1) Peer-Reviewed

  Jan. 2021630 words Editorial 1340LThe world economy continues to struggle with the consequences of the COVID-19 pandemic, although the introduction of vaccines gives hope that the disease will be overcome. While some of the works in this issue discuss...

• Covid's economic reset: making the quixotic quotidian.

  Author:Constance L. HunterFrom:Business Economics (Vol. 56, Issue 1) Peer-Reviewed

  Jan. 20214,897 words Speech 1370LAbstract It is easy to become dispirited. Despite my concern about the near-term outlook, advising business leaders requires that I look past the pandemic. Akcigit and Ates argue that greater concentration among firms...

• Outlook for democracy and democratic institutions.

  Author:Roger B. MyersonFrom:Business Economics (Vol. 56, Issue 1) Peer-Reviewed

  Jan. 20215,112 words Speech 1440LAbstract If countries are not ready for democracy until they have a well-developed civil society, which can take many years to develop, then we need to identify its essential elements, so that their development can be...

• Women empowerment and insecurity: firm-level evidence.

  Author:Unmad MazharFrom:Business Economics (Vol. 56, Issue 1) Peer-Reviewed

  Jan. 20218,379 words Report 1330LAbstract Women's engagement in the formal economy is generally considered an important means to economic empowerment. In many developing countries, however, increasing female representation in politics, their greater...

• Anjan V. Thakor, The purpose of banking: transforming banking for stability and economic growth.

  From:Business Economics (Vol. 56, Issue 1) Peer-Reviewed

  Jan. 20211,787 words Book review 1380LAnjan V. Thakor, The purpose of banking: transforming banking for stability and economic growth. Oxford University Press The 2007-2008 global financial crisis and the recessions it spawned led countries around the...

• COVID-19, labor demand, and government responses: evidence from job posting data.

  Authors:Xiaobing Shuai, Christine Chmura, and James StinchcombFrom:Business Economics (Vol. 56, Issue 1) Peer-Reviewed

  Jan. 20217,811 words Article 1410LAbstract Using high-frequency job advertisement data, this paper evaluates dynamics among COVID-19, labor market, and government policies. We find that COVID-19 has caused a significant decline in labor demand, by as...