Publication:
Macroblog (Federal Reserve Bank of Atlanta)
2008-2019
Policy Hub: Macroblog provides concise commentary and analysis on economic topics including monetary policy, macroeconomic developments, inflation, labor economics, and financial issues for a broad audience.
- Policy Hub: Macroblog
- 2000s
- macroblog returns
- What the Fed did during macroblog's vacation
- Did the stimulus package actually stimulate?
- The "What's Fair" contest
- Deep questions from Jackson Hole
- Monitoring the inflation bees, striving not to get stung
- Does the GDP deflator lie?
- Employment watch
- Hurricanes put energy on center stage
- Will automatic enrollment boost 401(k) savings?
- The left and right of it all
- What's a swap line?
- Time out
- Wall Street worries, Main Street woes
- On rescues and bailouts
- The ISM Index breaks the magic number
- "Why is the Fed Paying Interest on Excess Reserves?"
- How high is financial risk today?
- How to build a better auction?
- The end of buy and hold?
- The evolving economic outlook
- A home price index gets a new name (but it's telling the same story)
- The Commercial Paper Market and the Fed's Commercial Paper Funding Facility : Part 1 of a 2-part Series
- MMMF, and AMLF, and MMIFF : Part 2 of a 2-part Series
- Underwater homeowners and foreclosure
- Saving and taxes
- The changing operational face of monetary policy
- More on the changing operational face of monetary policy
- What do we know about infrastructure spending?
- Thoughts on reading the October CPI
- How should we think about the monetary transmission mechanism?
- The recession in pictorial context
- Do you see what they see?
- Credit storm hitting the high seas?
- December 5 macroblog Q&As
- Thinking about averages
- Higher unemployment : Labor force effects versus job loss effects
- Are modern recessions different?
- Good news in income growth?
- Will tax stimulus stimulate investment?
- On expanding balance sheets and inflationary policy
- What, exactly, is the Fed trying to do?
- A look back at the economy, in presidential terms
- The piggybank effect
- Layoffs: The new problem?
- There is no accounting for priorities
- Contraction, not tightening
- How bad is the employment picture, really?
- The American Recovery and Reinvestment Act in pictures
- Foreclosure mitigation : What we think we know
- Yet another cut at the recent retail price data
- Dueling forecasts
- Another side of the administration's tax plan
- A look at postrecession employment trends
- A look at the Bank of England's balance sheet
- Careful with that language
- What do you mean "Fix It?"
- Snapping ropes and breaking bricks
- The mean and the variance of the longer-term inflation outlook
- Déjà vu all over again
- Abnormal consumer spending—not quite
- Is the investment trend in the current recession "run of the mill"?
- The undocumented and business survival in the United States
- When is rapid growth in a central bank's balance sheet not cause for concern?
- Tools for managing the Fed's balance sheet
- More on interest on reserves
- Housing starts, remittances and macroeconomic developments
- A new accord?
- Debt and money
- Are there green shoots in the labor market?
- Price stability and the monetary base
- CPI: The left and the right of it
- Private sector forecasts at variance
- A funny thing happened on the way to the federal funds market
- Markets work, even when they don't
- Economic and financial data, neatly wrapped
- A funny thing happened update
- Some meaty minutes
- When cycles collide
- Unemployment rate: Count me surprised
- A look at the recovery
- Can the Taylor rule describe the current stance of monetary policy?
- GDP benchmark revisions : Count me very surprised
- Every recovery is the same; each recovery is different
- What's really different about this recession?
- How fast can the economy grow?
- Is the output gap showing?
- Us and them : Reviewing central bank actions in the financial crisis
- Words of wisdom from the South and East (way South and East)
- Economists got it wrong, but why?
- An agnostic gets a little religion
- Economic troughs, changes in the unemployment rate, and fed policy
- Prospects for a small business-fueled employment recovery
- Reviewing the recession : Was monetary policy to blame?
- A look at another job market number
- The September CPI with all the trimmings
- The growing case for a jobless recovery
- Selling stocks short : Ever controversial
- Small businesses, small banks, big problems?
- Housing back in the news
- Interest rates at center stage
- Jobs and the potential commercial real estate problem : Still keeping us up at night
- Read the fine print
- Better news on the jobs front: Layoffs down, temp hiring up
- Change the bathwater, keep the baby
- 2010s
- What's up with the young folks?
- When independence begets accountability
- The demand and supply of bank credit: A small business snapshot from the Southeast
- It's jobs, not discouraged workers
- Southeast businesses offer insights on capital spending plans
- Is good news hidden in bad employment numbers?
- Competing histories
- The punch bowl, the party, the exit
- Do we need to rethink macroeconomic policy?
- Should the Fed stay in regulation?
- Looking behind the core inflation numbers
- Exit strategy, tactics, and decision makers
- In the beginning, there was a lender of last resort
- Consumer credit, credit availability and The Credit CARD Act
- A look at the income-side estimates of growth
- Bad by any measure
- More on small businesses and jobs
- Employment (or lack thereof), unemployment (or surfeit thereof), and monetary policy
- Still a ways to go
- Breaking up big banks : As usual, benefits come with a side of costs
- Disinflation: Is it all housing? : We think not—and we're not alone
- The inventory question
- Small firm contribution to job growth : An update
- Consumer credit: More than meets the eye
- The young and the restless
- Estimating the oil spill's impact in the Gulf
- Return of the swap lines
- Regulatory reform via resolution : Maybe not sufficient, certainly necessary
- Sticky-price CPI up slightly in April... Wait, what?
- How "discouraged" are small businesses? : Insights from an Atlanta Fed small business lending survey
- The recovery: Job rich or job poor?
- Another view of the structural versus cyclical unemployment question
- Another look at consumer sentiment and consumer spending
- Increasing hours worked versus increasing hiring
- Keeping an eye on Europe
- How close to deflation are we? : Perhaps just a little closer than you thought
- A curious unemployment picture gets more curious
- Gauging the inflation expectations of business
- The money-inflation connection : It's baaaack!
- Some observations regarding interest on reserves
- What makes forecasting tough
- Just how curious is that Beveridge curve?
- Optimism…pessimism…and a bit of perspective
- Policy may have created the housing bubble, but which policy is to blame?
- Small businesses are the engine of job growth…or is the story more complicated?
- What does "structural" mean?
- Using TIPS to gauge deflation expectations
- A good time for price-level targeting?
- Real estate and municipal revenue
- Some in Europe lag behind
- Entrepreneurs of necessity
- Just how does policy work?
- Federal Reserve policies focused
- What might monetary policy success look like?
- Questions (and some potential answers) on immigration and remittances
- What's behind the recent rise in Treasury yields?
- An inflation (or lack thereof) chart show
- Looking back, looking forward
- The pluses and minuses of reluctant consumers
- John Taylor and Fed reform : Is change required?
- Inflation confusion
- The inflation disconnect
- China's inflation dilemma
- Global inflation and the Fed : One more time
- Gaining perspective on the employment picture
- One chasm that really isn't one
- Survey: Small Business Optimism Improving, Especially Among Young Firms
- The Unemployment Puzzle--or at Least One of Them
- Another step to enhance Fed transparency--and no better time than now
- A disturbing trend : No growth in total business establishments in U.S.
- Monetary policy exit : Is a bad bank the solution?
- How has the financial system changed? (And what to do about it)
- Can Keynesians be anti-Keynesian?
- Is offshoring behind U.S. employment's current problems?
- Is housing hurting the recovery?
- Just how out of line are house prices?
- The long and short (runs) of tax reform
- "Secret loans" that were not so secret
- Should we even read the monthly inflation report? Maybe not. Then again...
- Core cuts both ways
- Stimulating small business activity : Still a struggle
- Is the employment report a game changer?
- One more sign of struggles on the job creation front
- Is consumer spending the problem?
- Lots of ground to cover
- Is the economy hitting stall speed?
- The GDP revisions : What changed?
- The New Firm Employment Puzzle
- Lots of ground to cover : An update
- The pull between spending and saving
- Another cut at the postrecession job picture
- Fed Treasury purchases : How big is big?
- Two more job market charts
- State and local fiscal fortunes : Follow the money (collected)
- Is the growth tide turning?
- Bank lending to finance a business start-up
- Job creation by small firms : Age matters
- The earnings impact of a job loss
- The ongoing lender of last resort debate
- Maybe this time was at least a little different?
- Uncertainty about uncertainty
- In search of an agenda for job creation
- In the interest of precision
- Keeping an eye on inflation
- What do you expect? Surveying inflation expectations
- Employment: Some good news, some bad news
- Reading the bump in inventories
- How are we doing?
- Weighing the risks to the inflation outlook : Two views
- How many jobs does it take? : Introducing the Atlanta Fed's Jobs Calculator
- What if...? Looking beyond this month's jobs numbers
- Unconventional policy or unconventional circumstances?
- Why we debate
- Are unemployed construction workers really doing better?
- Historical Perspective on Monthly Job Growth, and Jobs Calculator Enhancements
- The structure of the structural unemployment question
- Is the composition of job growth behind slow income growth?
- Taking a deeper dive into the definition of inflation
- Symmetric goals, asymmetric risks
- A take on labor force participation and the unemployment rate
- Labor force nonparticipants : So what are they doing?
- Is inflation targeting really dead?
- The three faces of postcrisis monetary policy
- The relative expansion of central banks' balance sheets
- What is shadow banking?
- Will labor force participation continue to rise?
- The skills gap : Still trying to separate myth from fact
- Fed Purchases of Government Debt : Flow-share versus Stock-share
- The armchair Fed historian
- Employment growth and the FOMC Summary of Economic Projections
- Do falling commodity prices imply disinflation ahead?
- Young versus mature small firms seeking credit
- What's to be done?
- How big is the output gap?
- Deflation Probabilities on Our Radar Screen
- The (Unfortunately?) Consistent Record of the Recovery
- The (Unfortunately?) Consistent Record of the Recovery : Duy and Thoma Respond
- Do Firms Have Pricing Power?
- The Cost-Benefit Challenge
- Rising House Prices : The Good Fortune Spreads
- The Decline in Unemployment : Any Silver Lining?
- Will the Housing Market Recovery Leave the Hardest-Hit Neighborhoods Behind?
- Examining the Recession's Effects on Labor Markets
- How Big Is the Output Gap? More Perspectives from Our Business Inflation Expectations Survey
- Scientists? Engineers? How about Gardeners?
- Trends in Small Business Lending
- Supporting Price Stability
- Divergent Jobs Reports : Will the Real State of the Labor Market Please Stand Up?
- The (Maybe Not So) Simple Arithmetic of Unemployment and Labor Force Participation
- Investor Participation in the Home-Buying Market
- Has Fed Behavior Changed?
- Reading Labor Markets
- Getting the Questions Right
- (Fiscal) Cliff Notes
- Rose-Colored Glasses Make the Future Look Blurry : Sales Uncertainty as Seen by the November BIE
- Gazelles, and Why They Matter
- Anticipating Growth despite a Slowdown? : Results from the Recent Small Business Survey
- Plain English
- Try, Try Again
- Nominal GDP Targeting : Still a Skeptic
- What the FOMC Said : More Clarification
- Inflation versus Price-Level Targeting in Practice
- Visualizing Improvement
- Still a Skeptic : Addressing a Few Questions about Nominal GDP Targeting
- Half-Full Glasses
- 2013 Business Hiring Plans : Employment, Effort, Hours, and Fiscal Uncertainty
- Promoting Job Creation : Don't Forget the Old Guys
- Nature Abhors an Output Gap
- What the Dual Mandate Looks Like
- Will the Next Exit from Monetary Stimulus Really Be Different from the Last?
- You Say You're a Homeowner and Not a Renter? Think Again.
- Being Ahead of the Curve : Not Always a Good Thing
- The Same-Old, Same-Old Labor Market
- Labor Market Update : Muddy Waters Continue to Run Deep
- Higher Education : A Deflating Bubble?
- Improvement in the Outlook? The BIE Panel Thinks So
- Too Big to Fail : Not Easily Resolved
- Building a Better Jobs Calculator : Choose Your Own Payroll/Household Employment Ratio
- Weighing In on the Recent Discrepancy in the Inflation Statistics
- Behavior's Place in the Labor Force Participation Rate Debate
- Labor Force Participation and the Unemployment Threshold
- Labor Costs, Inflation Expectations, and the Affordable Care Act : What Businesses Are Telling Us
- A Subtle View of Labor Market Improvement
- At Least One Reason Why People Shouldn't Hate QE
- The Semantics of Monetary Policy
- The Hiring Forecasts of Small Firms : Will the Pace of Employment Growth Pick Up?
- Casting a Web over Jobs Data
- Getting Back to Normal?
- A Quick Independence Day Weekend, Post-Employment Report Update
- Let's Talk about Oil
- Commodity Prices and Inflation : The Perspective of Firms
- What a Difference a Month Makes? Maybe Not Much
- Myth and Reality : The Low-Wage Job Machine
- GDP, Jobs, and Growth Accounting
- Does Forward Guidance Reach Main Street?
- Still Waiting for Takeoff...
- Job Reallocation over Time : Decomposing the Decline
- The ABCs of LFPR
- The Dynamics of Economic Dynamism
- The New Normal? Slower R&D Spending
- Why No Taper? One Man's View
- Certain about Uncertainty
- Delving into Labor Markets
- Why Was the Housing-Price Collapse So Painful? (And Why Is It Still?)
- The End of Asset Purchases : Is That the Big Question?
- Atlanta Fed's Jobs Calculator Drills Down to the States
- Is Credit to Small Businesses Flowing Faster? : Evidence from the Atlanta Fed Small Business Survey
- The Shadow Knows (the Fed Funds Rate)
- Is (Risk) Sharing Always a Virtue?
- Labor Force Participation Rates Revisited
- Goodwill to Man
- Is the Labor Force Participation Rate about to Fall Again?
- Money as Communication : A New Educational Video by the Atlanta Fed
- A Football Field of Labor Market Progress
- What Accounts for the Decrease in the Labor Force Participation Rate?
- A Brief Interview with Sergio Rebelo on the Euro-Area Economy
- A Prime-Aged Look at the Employment-to-Population Ratio
- A Second Look at the Employment-to-Population Ratio
- What Is the Stance of Monetary Policy?
- The Pattern of Job Creation and Destruction by Firm Age and Size
- Thinking About Progress in the Labor Market
- Human Capital Topics Now Searchable
- A Closer Look at Post-2007 Labor Force Participation Trends
- Reasons for the Decline in Prime-Age Labor Force Participation
- Using State-Level Data to Estimate How Labor Market Slack Affects Wages
- New Data Sources : A Conversation with Google's Hal Varian
- How Has Disability Affected Labor Force Participation?
- Pondering QE
- Which Flavor of QE?
- Where Do Young Firms Get Financing? : Evidence from the Atlanta Fed Small Business Survey
- How Discouraged Are the Marginally Attached?
- Looking Beyond the Job-Finding Rate : The Difficulty of Finding Full-Time Work
- The Wrong Question?
- Torturing CPI Data until They Confess : Observations on Alternative Measures of Inflation, Part 1
- Torturing CPI Data until They Confess : Observations on Alternative Measures of Inflation, Part 2
- Torturing CPI Data until They Confess : Observations on Alternative Measures of Inflation, Part 3
- The Implications of Flat or Declining Real Wages for Inequality
- Introducing the Atlanta Fed's GDPNow Forecasting Model
- Part-Time for Economic Reasons : A Cross-Industry Comparison
- GDP Growth : Will We Find a Higher Gear?
- What's behind Housing's June Swoon?
- What's Driving the Part-Time Labor Market? : Results from an Atlanta Fed Survey
- Getting There?
- Are We There Yet?
- Are You Sure We're Not There Yet?
- Seeking the Source
- What Kind of Job for Part-Time Pat?
- The Changing State of States' Economies
- On Bogs and Dots
- What's behind Declining Labor Force Participation? : Test Your Hypothesis with Our New Data Tool
- Data Dependence and Liftoff in the Federal Funds Rate
- Wage Growth of Part-Time versus Full-Time Workers : Evidence from the SIPP
- Wage Growth of Part-Time versus Full-Time Workers : Evidence from the CPS
- A Closer Look at Employment and Social Insurance
- For Middle-Skill Occupations, Where Have All the Workers Gone?
- And the Winner Is...Full-Time Jobs!
- The Long and Short of Falling Energy Prices
- Exploring the Increasingly Widespread Decline in Involuntary Part-Time Work
- Chances of Finding Full-Time Employment Have Improved
- Gauging Inflation Expectations with Surveys : The Perspective of Firms, Part 1
- Gauging Inflation Expectations with Surveys : The Question You Ask Matters—A Lot, Part 2
- Gauging Inflation Expectations with Surveys : Do Firms Know What They Don't Know?, Part 3
- Contrasting the Financing Needs of Different Types of Firms : Evidence From a New Small Business Survey
- Are We Becoming a Part-Time Economy?
- What's (Not) Up with Wage Growth?
- Business as Usual?
- Are Oil Prices "Passing Through"?
- Are Shifts in Industry Composition Holding Back Wage Growth?
- Could Reduced Drilling Also Reduce GDP Growth?
- Signs of Improvement in Prime-Age Labor Force Participation
- What Seems to Be Holding Back Labor Productivity Growth, and Why It Matters
- Is Measurement Error a Likely Explanation for the Lack of Productivity Growth in 2014?
- Déjà Vu All Over Again
- What the Weather Wrought
- Signs of Strengthening Wage Growth?
- All Eyes on the Consumer
- Sales Flexing Muscle at More Firms
- myCPI: Getting More Personal with Inflation
- Atlanta Fed's Wage Growth Measure Increased Again in April
- Falling Job Tenure : It's Not Just about Millennials
- Will the Elevated Share of Part-Time Workers Last?
- Approaching the Promised Land? Yes and No
- New Atlanta Fed Series Shows Wage Growth Held Steady in May
- Far Away Yet Close to Home : Discussing the Global Economy's Effects
- Have Changing Job and Worker Characteristics Restrained Wage Growth?
- Different Strokes for Different Folks
- Getting to the Core of Goods and Services Prices
- No Wage Change?
- Should I Stay or Should I Go Now?
- 5-Year Deflation Probability Moves Off Zero
- What Do U.S. Businesses Know that New Zealand Businesses Don't? A Lot (Apparently).
- The ZPOP Ratio : A Simple Take on a Complicated Labor Market
- Labor Report Silver Lining? ZPOP Ratio Continued to Rise in September
- Should We Be Concerned about Declines in Labor Force Growth?
- A Closer Look at Changes in the Labor Market
- What Occupational Projections Say about Entry-Level Skill Demand
- Are Long-Term Inflation Expectations Declining? Not So Fast, Says Atlanta Fed
- Shrinking Labor Market Opportunities for the Disabled?
- Introducing the Refined Labor Market Spider Chart
- Are Paychecks Picking Up the Pace?
- Collateral Requirements and Nonbank Online Lenders : Evidence from the 2015 Small Business Credit Survey
- Which Wage Growth Measure Best Indicates Slack in the Labor Market?
- The Rise of Shadow Banking in China
- Putting the MetLife Decision into an Economic Context
- Labor Force Participation : Aging Is Only Half of the Story
- Is the Number of Stay-at-Home Dads Going Up or Down?
- What's behind the Recent Uptick in Labor Force Participation?
- GDPNow and Then
- Are People in Middle-Wage Jobs Getting Bigger Raises?
- Can Two Wrongs Make a Right?
- Putting the Wage Growth Tracker to Work
- Moving On Up
- After the Conference, Another Look at Liquidity
- It's Not Just Millennials Who Aren't Buying Homes
- Experts Debate Policy Options for China's Transition
- Wage Growth for Job Stayers and Switchers Added to the Atlanta Fed's Wage Growth Tracker
- Was May's Drop in Labor Force Participation All Bad News?
- Pay As You Go : Yes or No?
- When It Rains, It Pours
- Is the Labor Market Tossing a Fair Coin?
- How Will Employers Respond to New Overtime Regulations?
- How Good Is The Employment Trend? : Decide for Yourself
- What's Moving the Market's Views on the Path of Short-Term Rates?
- Lockhart Casts a Line into the Murky Waters of Uncertainty
- Men at Work : Are We Seeing a Turnaround in Male Labor Force Participation?
- Forecasting Loan Losses for Stress Tests
- Payroll Employment Growth : Strong Enough?
- Introducing the Atlanta Fed's Taylor Rule Utility
- Back to the '80s, Courtesy of the Wage Growth Tracker
- A Quick Pay Check : Wage Growth of Full-Time and Part-Time Workers
- The Slump in Undocumented Immigration to the United States
- Cumulative U.S. Trade Deficits Resulting in Net Profits for the U.S. (and Net Losses for China)
- Unemployment Risk and Unions
- Is Wage Growth Accelerating?
- The Price Isn't Right : On GDPNow's Third Quarter Miss
- Is There a Gender Wage Growth Gap?
- Wages Climb Higher, Faster
- Outside Looking In : Why Has Labor Force Participation Increased?
- Does Lower Pay Mean Smaller Raises?
- Using Judgment in Forecasting : Does It Matter?
- The Impact of Extraordinary Policy on Interest and Foreign Exchange Rates
- Following the Overseas Money
- Wage Growth Tracker : Every Which Way (and Up)
- Examining Changes in Labor Force Participation
- Net Exports Continue to Bedevil GDPNow
- Unemployment versus Underemployment : Assessing Labor Market Slack
- Does a High-Pressure Labor Market Bring Long-Term Benefits?
- More Ways to Watch Wages
- Can Tight Labor Markets Inhibit Investment Growth?
- Gauging Firm Optimism in a Time of Transition
- Working for Yourself, Some of the Time
- Bad Debt Is Bad for Your Health
- Going to School on Labor Force Participation
- The Fed's Inflation Goal : What Does the Public Know?
- Slide into the Economic Driver's Seat with the Labor Market Sliders
- Are Small Loans Hard to Find? Evidence from the Federal Reserve Banks' Small Business Survey
- GDPNow's Second Quarter Forecast : Is It Too High?
- Another Look at the Wage Growth Tracker's Cyclicality
- An Update on Labor Force Participation
- Behind the Increase in Prime-Age Labor Force Participation
- Is Poor Health Hindering Economic Growth?
- What Is the "Right" Policy Rate?
- When Health Insurance and Its Financial Cushion Disappear
- How Ill a Wind? Hurricanes' Impacts on Employment and Earnings
- Building a Better Model : Introducing Changes to GDPNow
- Labor Supply Constraints and Health Problems in Rural America
- Is Macroprudential Supervision Ready for the Future?
- Financial Regulation : Fit for New Technologies?
- What Businesses Said about Tax Reform
- How Low Is the Unemployment Rate, Really?
- GDPNow's Forecast : Why Did It Spike Recently?
- Weighting the Wage Growth Tracker
- A First Look at Employment
- What Are Businesses Saying about Tax Reform Now?
- Thoughts on a Long-Run Monetary Policy Framework : Framing the Question
- Thoughts on a Long-Run Monetary Policy Framework : The Principle of Bounded Nominal Uncertainty, Part 2
- Thoughts on a Long-Run Monetary Policy Framework : An Example of Flexible Price-Level Targeting, Part 3
- Thoughts on a Long-Run Monetary Policy Framework : Flexible Price-Level Targeting in the Big Picture, Part 4
- Hitting a Cyclical High : The Wage Growth Premium from Changing Jobs
- Learning about an ML-Driven Economy
- Part-Time Workers Are Less Likely to Get a Pay Raise
- Improving Labor Market Fortunes for Workers with the Least Schooling
- Are Tariff Worries Cutting into Business Investment?
- Immigration and Hispanics' Educational Attainment
- Does Loyalty Pay Off?
- What Does the Current Slope of the Yield Curve Tell Us?
- Demographically Adjusting the Wage Growth Tracker
- On Maximizing Employment, a Case for Caution
- Polarization through the Prism of the Wage Growth Tracker
- Polarization through the Prism of the Wage Growth Tracker (Take Two)
- Cryptocurrency and Central Bank E-Money
- Defining Job Switchers in the Wage Growth Tracker
- Are Employers Focusing More on Staff Retention?
- Quantitative Frightening?
- Trends in Hispanic Labor Force Participation
- Tariff Worries and U.S. Business Investment, Take Two
- X Factor : Hispanic Women Drive the Labor-Force Comeback
- A Different Type of Tax Reform
- Young Hispanic Women Investing More in Education : Good News for Labor Force Participation
- Improving Labor Force Participation
- Mapping the Financial Frontier at the Financial Markets Conference
- Making Analysis of the Current Population Survey Easier
- What the Wage Growth of Hourly Workers Is Telling Us
- Digging into Older Americans' Flat Participation Rate
- New Evidence Points to Mounting Trade Policy Effects on U.S. Business Activity
- Private and Central Bank Digital Currencies
- Is Job Switching on the Decline?
- Faster Wage Growth for the Lowest-Paid Workers
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Federal Reserve Bank of Atlanta. Macroblog (Federal Reserve Bank of Atlanta). 2008-2019. https://fraser.stlouisfed.org/title/8601, accessed on April 1, 2025.