This Economic Letter reviews the factors contributing to the projected slower pace of labor force growth over the next decade and focuses in particular on the challenges and uncertainties surrounding one aspect, labor force participation behavior.

This Economic Letter discusses the sources of the recent discrepancy between two employment growth data series produced by the U.S. Bureau of Labor Statistics.

Over the past four decades, overall income inequality has increased in the U.S. One particularly striking feature of the data is that the income gap has widened most between the top and the middle of the distribution, while it has remained relatively stable between the middle and the bottom. The...

China is becoming increasingly active in international markets for mergers and acquisitions. Chinese acquirers are buying stakes in foreign companies to get access to resources, markets, and technology, among other reasons. With China's expanding wealth and vast foreign exchange resources,...

This Economic Letter compares the historical predictive value of monetary aggregates in forecasting inflation in the United States and in the euro area.

In this Economic Letter, we document the increasing income inequality among Chinese provinces over the past two decades. Our discussion highlights three important facts. First, economic growth has lifted living standards throughout China, with all provinces gaining in absolute terms. Second,...

This Economic Letter explores whether China's corporate bond market is likely to develop as an alternative to bank financing for private Chinese firms.

Economists drew a number of lessons from the Asian financial crisis of 1997–98 for preventing such episodes or mitigating their effects. Some of those are similar to lessons drawn from the global financial crisis of 2007–09. But differences in economic development and sophistication of the...

This Economic Letter analyzes the extent to which recalls have led to fewer U.S. imports from China in affected industries and whether there has been a general backlash against the "Made in China" label.

This Economic Letter reviews recent work that focuses on micro-level data to study the impact of the launch of the EMU on the currency denomination of international bonds.