The development of hydraulic fracturing and horizontal drilling has brought significant structural change to the energy sector, increasing energy production and decreasing net energy imports. Future changes in energy policy or technology could have even larger effects on energy exports and thus...

U.S. export growth depends crucially on foreign demand. Lower foreign economic growth is associated with lower U.S. export growth. And recently, some parts of the world, particularly Asia and Europe, have shown signs of slowing growth. ; Disaggregating historical data by region, authors Nie and...

Two years after the end of the 2007-09 recession, the unemployment rate in the United States remains above 9 percent - roughly double its pre-recession level. ; Nie and Struby analyze the cyclical and structural components of this elevated level of unemployment, active and passive labor market...