Kirsten Simon has been appointed vice president in Risk and Compliance at the Federal Reserve Bank of Minneapolis. In this role, Simon will lead the team responsible for the Federal Reserve System’s ...

Increases in unemployment are not typically a result of increases in layoffs As it becomes more difficult to find jobs, more laid-off workers end up nonemployed In cooling labor markets, laid-off ...

The homeownership rate in the United States is reported to be 65 percent. But this commonly cited data point on homeownership is actually the owner-occupancy rate, which tells us how many housing ...

In 2023, the Twin Cities region failed to meet an overall housing-supply goal and barely met a goal for creating affordable housing but saw continued progress on a goal to increase Black homeownership ...

Limited capacity prevents qualified students from attending selective colleges Expanding enrollment is predicted to increase average earnings eight times more than cost of expansion New seats ...

How do firms set wages? How should governments set income taxes? If labor supply is inelastic to wages, firms can pay workers less than their marginal products, and governments can increase taxes ...

Ariel Pakes is truly an economist’s economist. The Thomas Professor of Economics at Harvard has co-authored foundational papers that redefined how subsequent researchers model both supply and demand ...

What are the causes and consequences of changes in market power and business dynamism in the U.S. economy? We answer these questions in a general equilibrium economy with firm heterogeneity, ...

Is the “low-hire, low-fire” U.S. job market resilient or stagnant … or both at once? What wage and hiring trends are obscured behind today’s low and steady unemployment rate? Minneapolis Fed ...

The Minneapolis Fed recently developed the homeowners-to-population ratio, or HPOP, an alternative way of calculating the homeownership rate. This new approach tells us how many adults own their homes ...

The minimum wage in The City of Minneapolis increased to $10 per hour beginning on January 1, 2018, and then increased gradually to $15 per hour by July 2022 for large firms and by July 2024 for small ...

We produce world-class economic research and provide high-impact analysis and advice to Bank leaders on monetary policy and other strategic initiatives. Working Papers are early drafts of academic ...