ST. LOUIS, Missouri, Dec. 1 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-019) on November 19, 2024, by Joachim Hubmer, Mons Chan, Serdar Ozkan, Sergio Salgado and Guangbin Hong entitled "Scalable versus Productive Technologies." Here are excerpts: * * * Do larger firms have more productive technologies, are their technologies more scalable, or both? We use administrative data on Canadian and US firms to estimate a joint distribution of output elasticities of capital, labor, and intermediate inp more PR

ST. LOUIS, Missouri, Dec. 1 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-037) on November 21, 2024, by Charles Gascon and Joseph Martorana entitled "The Beige Book and the Business Cycle: Using Beige Book Anecdotes to Construct Recession Probabilities." Here are excerpts: * * * The Federal Reserve releases the Beige Book prior to each Federal Open Market Committee meeting. The report is a narrative based on anecdotal and qualitative information collected from a wide range of contacts in each of more PR

ST. LOUIS, Missouri, Dec. 1 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-003) on November 20, 2024, by Maggie Isaacson, Cassandra Marks, Lowell Rickets, and Hannah Rubinton entitled "The Effect of COVID Immigration Restrictions on Post-Pandemic Labor Market Tightness." Here are excerpts: * * * During the COVID-19 pandemic, there were unprecedented shortfalls in immigration. Concurrently, as the economy recovered, the labor market became tight, with the number of vacancies per unemployed worker  more PR

ST. LOUIS, Missouri, Dec. 1 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2022-036) on November 27, 2024, by Victoria Gregory, Julian Kozlowski, and Hannah Rubinton entitled "The Impact of Racial Segregation on College Attainment in Spatial Equilibrium." Here are excerpts: * * * This paper seeks to understand the forces that maintain racial segregation and the Black-White gap in college attainment, as well as their interactions with place-based policy interventions. We incorporate race into an overla more PR

ST. LOUIS, Missouri, Dec. 1 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-026) on November 18, 2024, by Serdar Birinci and Kurt See entitled "The Implications of Labor Market Heterogeneity on Unemployment Insurance Design." Here are excerpts: * * * We digitize state-level and time-varying unemployment insurance (UI) laws on eligibility, payment amount, and payment duration and combine them with microdata to estimate UI eligibility, take-up, and replacement rates at the individual level. We docum more PR