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August 24, 2015

Infrastructure
Katrina at 10: Reflections on a Human-Made Disaster

The following is a guest post by Stephen E. Flynn, Professor of Political Science, Director of the Center for Resilience Studies, and Co-Director of the George J. Kostas Research Institute at Northea…

The so called "Great Wall of Louisiana", a 1.8-mile long concrete wall located east of downtown New Orleans, United States, is seen from the air August 19, 2015. This barrier was designed to reduce the risk of storm surge in many parts of the city that were flooded during Hurricane Katrina due to levee or floodwall failures (Carlos Barria/Reuters).

October 16, 2014

Infrastructure
Obama’s Disappointing Legacy on Transportation Policy

We’ve seen it all before. Today Vice President Biden gave a speech calling for more infrastructure investment, but without offering a way to pay for it. We heard the same from President Obama this pa…

U.S. President Barack Obama speaks about transportation infrastructure during a visit to the Tappan Zee Bridge in Tarrytown, New York May 14, 2014 (Kevin Lamarque/Courtesy Reuters).

October 27, 2014

Monetary Policy
Our Fed Dual-Mandate Tracker Affirms Taper Timing

St. Louis Fed President James Bullard continues to burnish his reputation as the FOMC’s least predictable member, reversing course on policy for the second time in 3 months—going from dove to hawk…

Our Fed Dual-Mandate Tracker Affirms Taper Timing

August 18, 2014

Monetary Policy
Bullard Has Fed History on His Side in Rate-Hike Debate with Yellen

St. Louis Fed President James Bullard has moved decisively and vocally from the dove to hawk camp over the past year, and is now predicting a rate hike in the first quarter of next year – in contr…

Bullard Has Fed History on His Side in Rate-Hike Debate with Yellen

July 10, 2014

Monetary Policy
Yellen vs. Bullard on Wages and Inflation: Who Is Right?

Wage growth is “not a threat to inflation,” Fed Chair Janet Yellen said on June 18.  “[With] our 2 percent inflation objective, we could see wages growing at a more rapid rate” before having to wo…

Yellen vs. Bullard on Wages and Inflation: Who Is Right?

December 16, 2013

Monetary Policy
"It's the Inflation, Stupid"

“Based on labor market data alone, the probability of a reduction in the pace of asset purchases has increased,” said Federal Reserve Bank of St. Louis President James Bullard on December 9.  Inde…

"It's the Inflation, Stupid"

July 26, 2012

Education
PBS's "Homeland": A Must-Watch on Immigration Policy

In a presidential election year, it’s almost impossible to find any balanced and nuanced analysis on an issue as volatile as immigration. So it’s tremendously refreshing to watch the new, three-hour …

Children line up to perform in a Cinco de Mayo celebration in Beardstown, Illinois (Jim Young/Courtesy Reuters).

May 18, 2012

Trade
Morning Brief: Facebook Holds Largest U.S. IPO

Facebook successfully completed its initial public offering (IPO) raising $16 billion with a total initial market capitalization of $104 billion, the largest for a U.S. IPO (Bloomberg). That valuatio…

A man in New York holds a pamphlet of information on investing in Facebook's IPO. (Lucas Jackson/Courtesy Reuters).

April 19, 2012

Trade
Morning Brief: Popular Tax Breaks Sustain Complexity

The Atlantic argues that the extensive use of income tax breaks creates a complex tax system that many decry, but few are willing to unravel by eliminating popular deductions or the refundable credit…

A 2011 U.S. Individual Income Tax Return Form. (Shannon Stapleton/Courtesy Reuters)

July 16, 2012

Europe and Eurasia
More Evidence That LIBOR Is Hazardous to Economic Health

Central bankers necessarily spend a great deal of time studying economic and market data that they believe to be forward-looking indicators of the economy’s health.  One such is the so-called “LIB…

More Evidence That LIBOR Is Hazardous to Economic Health