Economy

Anatomy (not Autopsy) of the Phillips Curve

Simone Lenzu The relationship between inflation and real economic activity has long been central to debates in macroeconomics and monetary…

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Disability in the Labor Market: Employment and Participation

Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy Among people in prime working age (25-54), around 7 percent…

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Disability in the Labor Market: Earnings

Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy In our previous post we learned that, in general, people…

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Understating Rising Quality Means Import Price Inflation Is Overstated

Danial Lashkari It is common for price measures to consider changes in quality. That is, a price index might fall…

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What Is a Carbon Tariff and Why Is the EU Imposing One?

Pierre Coster, Julian di Giovanni, and Isabelle Mejean The European Union has been an early adopter of carbon policies, with…

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A New Public Data Source: Call Reports from 1959 to 2025

Sergio Correia, Tiffany Fermin, Stephan Luck, and Emil Verner Call Reports are regulatory filings in which commercial banks report their…

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Tariffs, Trade, and Tumbling Credit Scores: The Top 5 LSE Posts of 2025

Maureen Egan Each year brings a new set of economic challenges: In 2025, major areas of focus included tariffs and…

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Letters of Recommendation in the PhD Job Market: Lessons from Specialized Banks

Kristian S. Blickle and Cecilia Parlatore Banks must extract useful signals of a potential borrower’s quality from a large set…

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Banks Develop a Nonbank Footprint to Better Manage Liquidity Needs

Nicola Cetorelli and Saketh Prazad In a previous post, we documented how, over the past five decades, the typical U.S.…

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How Businesses Set Prices—In Their Own Words

Wändi Bruine de Bruin, Keshav Dogra, Sebastian Heise, Edward S. Knotek II, Brent H. Meyer, Robert W. Rich, Raphael S.…

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