Fiona D. Sigalla explores the impact of free international trade in agriculture on individual states and the components of their agricultural sectors. Full multilateral trade liberalization would lower the cost of food and increase gross national product by encouraging reallocation of resources...

Free trade is rapidly expanding the world marketplace, providing new opportunities to raise living standards and stimulate long-term economic growth. To capitalize on these opportunities, the United States must overcome problems that reduce its competitiveness, such as regulations that distort...

The Eleventh District marked its eighth year of economic expansion in 1994. Employment grew strongly in all three Eleventh District states- Louisiana, New Mexico, and Texas. Although the past prominence of the oil and gas sector is well-known, in 1994 the region prospered despite continued...

Core inflation plays an important role in the deliberations of monetary policy-makers. In this paper we evaluate a number of measures of core inflation constructed using euro-area data. In addition to the traditional exclusion-type core measures, we examine two newer ones, documenting their...

Economic Research Working Paper 0105