Andrew F. Haughwout, Donghoon Lee, Daniel Mangrum, Joelle Scally, Wilbert van der Klaauw, and Crystal Wang Editor’s note: Since this post was…
Category:
ECONOMY
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Danial Lashkari and Jeremy Pearce Throughout the twentieth century, steady technological and organizational innovations, along with the accumulation of productive capital, increased…
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Jacob Weber The past year’s steady decline in nominal wage growth now appears in danger of stalling. Given ongoing uncertainty in Ukraine…
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Guillaume Roussellet Since the late 1990s, the U.S. Treasury has issued debt in two main forms: nominal bonds, which provide fixed-cash scheduled…
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Marco Del Negro, Keshav Dogra, Pranay Gundam, Donggyu Lee, and Brian Pacula This post discusses the distributional consequences of an aggressive policy…
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Marco Del Negro, Keshav Dogra, Pranay Gundam, Donggyu Lee, and Brian Pacula This post and the next discuss the distributional effects of…
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Rajashri Chakrabarti, Natalia Emanuel, and Ben Lahey Disparities in wealth are pronounced across racial and ethnic groups in the United States. As…
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Martín Almuzara, Babur Kocaoglu, and Argia Sbordone In the aftermath of the COVID-19 pandemic, inflation rose almost simultaneously in most economies around the…
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Sebastian Heise and Ayşegül Şahin U.S. inflation surged in the early post-COVID period, driven by several economic shocks such as supply chain…
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Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman Nonbank financial institutions (NBFIs) are growing, but banks support that growth via funding and…