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Policy Hub provides two forums that draw on the expertise of Atlanta Fed economists and researchers to address issues of broad policy interest: Macroblog and Policy Hub Papers.

Policy Hub articles that are reprints or revisions of papers published elsewhere may not be reprinted without the written permission of the original publisher. All other Policy Hub articles may be reprinted without charge. If you reprint an article, please fully credit the Federal Reserve Bank of Atlanta as well as Policy Hub. For more information, read our disclaimer and terms of use.

In December 2020, our Real Estate Research blog and Notes from the Vault column became part of Policy Hub.

Policy Hub: Macroblog

Policy Hub: Macroblog provides concise commentary and analysis on economic topics by staff economists and analysts for a broad audience.

Jan 12, 2022

Hybrid Working Arrangements: Who Decides?

Some teleworking is likely to remain part of the employment landscape. But who makes the call about how much remote work occurs? A Policy Hub: Macroblog post looks at recent survey data to see how such decisions get made.

Dec 02, 2021

Atlanta Fed Conference Investigates Inequalities in the Financial System

A more complete understanding of the barriers stopping individuals from participating to their full potential in labor and financial markets is necessary for good monetary policymaking. Read this Policy Hub: Macroblog post for a discussion of papers at a recent conference looking at racial and gender disparities in the financial system and their implications.

Nov 10, 2021

Compositional Distortions to a Measure of Wage Growth during the Pandemic

Three different measures of wage growth often look similar to one another. However, one wage growth measure diverged by spiking up early in the pandemic and cratering one year later. A Policy Hub: Macroblog post proposes some adjustments to the data that can explain much of this anomaly.

Oct 18, 2021

Market Response to Taper Talk

Will today's markets react to talks of the Fed reducing assets purchase in the way it reacted to similar talks in 2013? Read this Policy Hub: Macroblog post for a look at the data then and now to draw the appropriate conclusions.

Aug 20, 2021

How Does a Household's Exposure to Monetary Policy Vary over the Life Cycle?

A Policy Hub: Macroblog post discusses new Atlanta Fed research that seeks to understand the responses of wealth and consumption of households of different ages.

Policy Hub Papers

Policy Hub Papers feature more detailed analyses of economic topics by staff economists and researchers for both academic and nonacademic audiences.

Nov 08, 2021

So Far, So Good: Government Insurance of Financial Sector Tail Risk

When financial market stability has been threatened, the federal government has intervened numerous times in the past 50 years. What are the motivations for, and consequences of, such support? This Policy Hub article looks at some of these interventions and discusses the risks they might pose.

Sep 24, 2021

The Term Structure of the Excess Bond Premium: Measures and Implications

The authors of this Policy Hub article construct a variety of ways to measure the excess bond premium (EBP). They find that the short-term EBP measure increased more dramatically at the peaks of the COVID-19 pandemic and the 2007–09 financial crisis.

Sep 09, 2021

The Phillips Curve during the Pandemic: Bringing Regional Data to Bear

This Policy Hub article examines how labor market indicators and inflation have varied together during the pandemic across different parts of the United States. Areas whose labor markets have been especially hard hit by COVID have tended to have lower inflation than areas where the pandemic has had a milder impact on the jobs market.

Sep 01, 2021

Where Are They Now? Workers with Young Children during COVID-19

This Policy Hub article finds that women with very young children made up 10 percent of the prepandemic workforce yet account for nearly a quarter of COVID-related job losses. Daycare limitations appear to be a constraining factor on the availability of workers to fill open positions.

Aug 02, 2021

Digital Currency, Digital Payments, and the 'Last Mile' to the Unbanked

Using digital forms of payment requires funding from a source of money, such as cash or a bank account. Consequently, the unbanked population lacks access to digital payments—the so-called "last-mile" problem. This Policy Hub article examines some proposed solutions to this problem.