Gabriel Leonard, Donald Morgan, and Wilbert van der Klaauw One criticism of overdraft credit is that the fees seem borne disproportionately by…
Category:
ECONOMY
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Richard Crump and Nikolay Gospodinov Since World War II, the U.S. economy has experienced twelve recessions—one every sixty-four months, on average. Though…
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Thomas Klitgaard The obvious answer to the question of why the United States runs a trade deficit is that its export sales…
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Nicola Cetorelli, Gonzalo Cisternas, and Asani Sarkar Nonbank financial institutions (NBFIs) constitute a variety of entities—fintech companies, mutual funds, hedge funds, insurance…
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Nina Boyarchenko, Hyuntae Choi, and Leonardo Elias The modern financial system is complex, with funding flowing not just from the financial sector…
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Rajashri Chakrabarti, Thu Pham, Beckett Pierce, and Maxim Pinkovskiy It is intuitive that workers with higher levels of education tend to earn more…
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Andrew F. Haughwout, Donghoon Lee, Daniel Mangrum, Joelle Scally, and Wilbert van der Klaauw This morning, the Center for Microeconomic Data at…
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Sushant Acharya, Ozge Akinci, Silvia Miranda-Agrippino, and Paolo A. Pesenti Understanding cross-border interdependencies and inspecting the international transmission mechanism of policy shocks…
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Matthew Higgins and Thomas Klitgaard “Peak oil”—the notion that the depletion of accessible petroleum deposits would soon lead to declining global oil…
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Jeffrey B. Dawson and Hunter L. Clark Amid increasing pressure on the Chinese economy from China’s trade conflict with the U.S., assessing…