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ECO 350K Macroeconomics of Labor Market

What is FRED?

Defining FRED

What is FRED? Short for Federal Reserve Economic Data, FRED is an online database consisting of hundreds of thousands of economic data time series from scores of national, international, public, and private sources. FRED, created and maintained by the Research Department at the Federal Reserve Bank of St. Louis. Example of data sets include unemployment rates, consumer price index (CPI), inflation rates.

FRED provides the United States Economic data and forecasts. Note that data is always current, using early release data and re-calibrated yearly. FRED offers data and forecasting information from indicators:

  1. Labor Markets
  2. Inflation
  3. GDP Breakdown
  4. Financial Market

Articles

Arbogast, I., & Dupor, B. (2022). Increasing employment by halting pandemic unemployment benefits. Review - Federal Reserve Bank of St.Louis, 104(3), 166-177. https://doi.org/10.20955/r.104.166-77

Coombs, K.; Dube, A.; Jahnke, C; Kluender, R.; Naidu, S. and Stepner, M. "Early Withdrawal of Pandemic Unemployment Insurance: Effects on Earnings, Employment and Consumption." Working Paper 22-046. Harvard Business School, August 2021 https://www.hbs.edu/ris/Publication%20Files/22-046_ce11d30f-72bc-4dd6-8367-e1dce9e75154.pdf 

Flores, A., & Gayle, G. (2022). Disparities in COVID-19's impact on employment and household consumption. Review - Federal Reserve Bank of St.Louis, 104(4), 224-265. https://doi.org/10.20955/r.104.224-65

Farber, H.; Rothstein, J. and Valletta, R. 'The Effect of Extended Unemployment Insurance Benefits: Evidence from the 2012-2013 Phase-Out." American Economic Review, 2015, 705(5), pp. 171 -76: https://doi.ora/10.1257/aer.p20151088

Graves, S., Hazell, J., Lewis, W. F., & Patterson, C. (2022). THE IMPACT OF UNEMPLOYMENT INSURANCE FINANCING ON INEQUALITY AND THE LABOR MARKET: Unemployment Insurance Financing as a Uniform Payroll Tax. AEA Papers & Proceedings112, 97–101. https://doi.org/10.1257/pandp.20221072

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