The Federal Reserve’s full-employment mandate can be difficult to define. To some, the mandate calls to mind a broader concept—maximum inclusive employment—describing a labor market that allows all workers to reach their potential. Yet, even when the aggregate economy is doing well, the labor market often fails to provide sufficient opportunities to some workers. This conference will provide a bottom-up analysis of factors that likely prevent some people from participating fully in the labor market, even when the overall economy is thriving. Conference presenters will explore past and current thinking on measuring full employment, paying particular attention to the role of long-term labor market trends as well as to more recent changes in labor market structure. Participants will also discuss recent research on how monetary policy can be conducted to achieve full employment and price stability at the same time.
The Federal Reserve Bank of Boston Economic Research Conference Series fosters discussion and critical engagement among academics, central bankers, policymakers, and other experts on important economic policy topics.
In-person attendance is by invitation-only. You may watch the proceedings on livestream here. For more information: email@example.com