Research Publications

Matthew Wells
Matthew Wells is a senior economics writer in the Research Department. He writes for the Richmond Fed's Econ Focus magazine and other publications. Matt joined the staff in 2021 after serving as an assistant professor of political science at Wabash College in Indiana. His research interests include international political economy, trade and macroeconomics. Earlier in his career, he served as a legislative assistant for foreign and economic policy to former California Senator Barbara Boxer.
Wells earned his doctorate and master's of public policy degrees from the University of Michigan at Ann Arbor and his bachelor's degree from Boston College.
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Bank Publications
Econ Focus, First/Second Quarter 2025
Rural free delivery of mail changed daily life for millions of rural Americans, reducing their isolation and strengthening their connection to the broader economy.
Matthew Wells
Economic Brief, December 2024, No. 24-40The topics presented included unconventional monetary and fiscal policy, global inflation patterns and worker responses to labor shocks.
Matthew Wells
Econ Focus, Fourth Quarter 2024During the COVID-19 pandemic, the Fed loaned billions of dollars to central banks in desperate need of them.
Matthew Wells
Econ Focus, Third Quarter 2024For millions, food banks fill a crucial gap. How do they do it and just how big is the need they address?
Matthew Wells
Econ Focus, Third Quarter 2024Many Americans have surprisingly little set aside for retirement. Why, and what can be done to help more Americans save and retire with financial security?
Matthew Wells
Econ Focus, First/Second Quarter 2024The FOMC established its explicit inflation target in January 2012 after a decades-long deliberation. It came in part from the Richmond Fed.
Matthew Wells
Econ Focus, First/Second Quarter 2024Borrowers didn't have to make payments for three and a half years. How will they — and the economy — weather a rapidly changing student loan landscape?
Matthew Wells
Econ Focus, Fourth Quarter 2023While price-setting is challenging even in normal times, shocks during the past few years, such as the pandemic and inflation, have made it harder.
David A. Price, Tim Sablik and Matthew Wells
Econ Focus, Fourth Quarter 2023The Reserve Bank boards of directors are a key link between the Federal Reserve System and the communities it serves, working to achieve the dual mandate and formulate monetary policy.
Matthew Wells
Regional Matters, September 28, 2023The STEM East initiative aims to show students in eastern North Carolina how they can stay and thrive in their home communities.
Laura Dawson Ullrich and Matthew Wells
Econ Focus, Third Quarter 2023Will the recently enacted CHIPS Act bring major growth to the region's semiconductor industry?
Matthew Wells
Economic Brief, May 2023, No. 23-17Researchers covered topics including digital advertising, R&D allocation, production networks, and knowledge creation and diffusion.
John Mullin and Matthew Wells
Econ Focus, Second Quarter 2023In 1832, President Andrew Jackson triggered the demise of America's second central bank with a stroke of his veto pen.
Matthew Wells
Econ Focus, First Quarter 2023The modern mortgage is the result of a complicated history. Local, state, and national actors all competing for profits have existed alongside an increasingly active federal government seeking to make the benefits of homeownership accessible to more Americans.
Matthew Wells
Econ Focus, First Quarter 2023The Treasury bond market suffered a liquidity crisis at the start of the COVID-19 pandemic. What reforms are needed to make sure it doesn't happen again?
Matthew Wells
Economic Brief, January 2023, No. 23-02Among the topics discussed were income growth volatility, AI's impact on productivity and how housing price changes affect young businesses.
Tim Sablik and Matthew Wells
Econ Focus, Fourth Quarter 2022The Regional Matters posts here aim to analyze local, regional, and national data to gain a better understanding of the Fifth District.
Matthew Wells
Economic Brief, December 2022, No. 22-48Monetary policy, marriage, college admissions, and discrimination and socioeconomic outcomes were among the topics discussed at our recent conference.
Matthew Wells
Econ Focus, Fourth Quarter 2022Every quarter, The CFO Survey collects the views of chief financial officers and other financial leaders throughout the United States, gathering insight into their firms’ financial outlook and concerns, as well as their perceptions of the economy.
Matthew Wells
Econ Focus, Third Quarter 2022Malls have been a part of the American cultural and economic fabric for generations. How will they survive recessions, the rise of online shopping, and a pandemic?
Matthew Wells
Econ Focus, Third Quarter 2022States and communities are looking for remote workers as sources of economic growth. Is offering them cash and other perks a promising model of economic development?
Matthew Wells
Economic Brief, August 2022, No. 22-34How might a CBDC alter the banking system? How does credit easing affect bank runs? These and other questions were addressed during a recent Richmond Fed conference.
John Mullin and Matthew Wells
Econ Focus, Second Quarter 2022Fewer veterans are using their education benefits. Is this trend a problem — or a sign of a more welcoming job market?
Matthew Wells
Econ Focus, Second Quarter 2022Eight times a year, Richmond Fed economists, along with visitors from universities and policy institutions throughout the world, gather in Richmond for CORE (Collaboration of Research Economists) Week.
Matthew Wells
Econ Focus, First Quarter 2022Richmond Fed economist Toan Phan studies the effects of climate change on economic growth and financial stability.
Matthew Wells
Econ Focus, First Quarter 2022How do financial crises affecting banks in one part of the world ripple through the global economy?
Matthew Wells
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Blog Posts
Community College Insights, March 7, 2024
Dual enrollment programs can play an important role in creating a strong, educated workforce, but they need to make sure the funding policies are available and effective.
Erika W. Bell and Matthew Wells