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 ...

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

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 ...

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 ...

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 ...

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

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 ...

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 ...

New Markets Tax Credits FRBSF Community Investments (pdf, 187 kb) Stockton Williams, The Enterprise Foundation Making the New Markets Tax Credit Count (FRBSF Community Investments, August 2003) Robert ...

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 ...

Small Business Investment Companies FRBSF Community Investments (pdf, 62 kb) Lawrence Mondschein, CRA Funding, LLC SBICs are privately-owned venture capital funds licensed by the Small Business ...