Industrial policy has divided economists for decades. This column evaluates Korean government's policy of promoting heavy and chemical industries in the 1970s, using plant-level output and productivity data. It shows that output and input use of targeted industries/regions grew significantly faster than those of non-targeted ones. However, total factor productivity did not increase because the misallocation of resources across plants within targeted industries/regions got significantly worse.

The American Rescue Plan is a remarkable effort to jump-start the U.S. economy and will lead to very fast growth of the U.S. economy over the next year, according to Steven Fazzari, director of the Weidenbaum Center on the Economy, Government and Public Policy.

Steven Fazzari featured in a KSDK article on February 18, 2021.

Yongseok Shin quoted in a Washington Post article on January 27, 2021.

“I really saw how economics can be useful in your everyday life and how much those basic principles kind of run the world in some ways,” says Zena Pare, a junior at Western Kentucky University. She joins fellow St. Louis Fed intern Ella Needler, a senior at Washington University in St. Louis, as they discuss studying and working in economics with Maria Hasenstab, media relations coordinator at the St. Louis Fed.

George-Levi Gayle quoted in Discover Magazine article on July 10, 2020.

Yongseok Shin quoted in The Associated Press article, June 30, 2020.

Rody Manuelli, Siddhartha Sanghi and Carlos Garriga paper, "Optimal Management of an Epidemic: Lockdown, Vaccine and Value of Life".

Weidenbaum Center Incoming Director Steve Fazzari is featured guest on PBS Donnybrook Show. In the second half-hour, the regular panel of St. Louis journalists are joined by Steve Fazzari. Fazzari segment starts at 28 minutes, 27 seconds on the video.

Weidenbaum Center Incoming Director Steve Fazzari is featured guest on PBS Donnybrook Show. In the second half-hour, the regular panel of St. Louis journalists are joined by Steve Fazzari. Fazzari segment starts at 28 minutes, 27 seconds on the video.

Congratulations to The Charles Leven Memorial Prize winner, Lei Ye!