Trade policy in the United States has been in flux in recent months. A theoretical analysis of recent increases in U.S. tariffs, including potential retaliatory tariffs by other countries, suggests a ...

Human capital development, namely education and workforce preparation, plays a crucial role in expanding access to opportunity and economic mobility for lower-income individuals. Promoting high ...

Financial markets—specifically derivatives—contain information about the range of probable future short-term interest rates.

Far too many families are struggling to manage their household balance sheets, which has far reaching implications for neighborhood, regional, and national economic growth. This effort aims to promote ...

International trade policies remain in the spotlight given the recent rethink on the benefits of globalization by major economies. Since trade critically affects employment, production, prices and ...

Using the debt and equity response to the release of textual information from earnings calls, we demonstrate that stock and bond investors for the same firm interpret different aspects of firm ...

Zero Lower Bound Probabilities at Different Time Horizons uses prices of fixed-income derivatives to create a daily measure of the likelihood that future short-term interest rates will be constrained ...

The initiative emphasizes the social determinants of health and focus on three areas of opportunity: New Resources, New Partners, and New Ideas.

Low-income Housing Tax Credits FRBSF Community Investments (pdf, 80 kb) Catherine H. Such, Columbia Housing The LIHTC is a credit against regular tax liability for investments in affordable housing ...

Equity Equivalent Investments FRBSF Community Investments (pdf, 72KB) Beth Lipson, National Community Capital The EQ2 product is a long-term deeply subordinated loan with features that make it ...

A real estate investment trust (REIT) combines the capital of many investors to acquire or provide financing for real estate. A REIT also permits real estate investors to obtain the benefits of a ...