During the last few decades, labor markets in advanced economies have become “polarized” as relative labor demand grows for high- and low-skill workers while it declines for middle-skill workers. This paper explores how polarization has interacted with the U.S. business cycle since the late...

This paper investigates the effects of credit scores on consumer payment behavior, especially on debit and credit card use. Anecdotally, a negative relationship between debit card use and credit score has been reported; however, it is not clear whether that relationship is related to other...

Opening remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the conference, “Understanding the Housing Collapse: What is to Blame and What Can Be Done?”, co-sponsored by the Harvard Kennedy School's Rappaport Institute for Greater Boston,...

Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the U. S. Monetary Policy Forum, New York, New York, February 22, 2013.

Testimony by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Field Hearing of the Committee on Financial Services of the U.S. House of Representatives, “Seeking Solutions – Finding Credit for Small and Mid-Size Businesses in Massachusetts”,...

Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at “Building a Financial Structure for a More Stable and Equitable Economy,” the 22nd Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies, The Levy Economics...

In a speech at Husson University in Bangor, Maine, Federal Reserve Bank of Boston President Eric Rosengren advanced his view that monetary policy should remain highly accommodative until the economy is on more solid footing. He also explored the Fed's "forward guidance" challenges, and whether...

In a speech at the Central Bank of Guatemala, Federal Reserve Bank of Boston President Eric Rosengren discussed “new” monetary policy tools (including forward guidance and large-scale asset purchases) and shared his opinion on how U.S. monetary policy could evolve.

Presentation by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for “Rethinking Central Banking” Conference, Washington, D.C., October 10, 2010

In the United States, 15 percent of households change residence in a given year. This result is based on data from the Panel Study of Income Dynamics on gross flows within and between the two segments of the housing market — renter-occupied properties and owner-occupied properties. The gross...