Economy
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Firms’ Inflation Expectations Return to 2024 Levels
Jaison R. Abel, Richard Deitz, and Nick Montalbano Businesses experienced substantial cost pressures in 2025 as the cost of insurance…
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The Post-Pandemic Global R* – Liberty Street Economics
Marco Del Negro, Elena Elbarmi, and Michael Pham In this post we provide a measure of “global” r* using data…
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Seeing Through the Shutdown’s Missing Inflation Data
Martin Almuzara and Geert Mesters Data releases for inflation have been scarce over the past four months due to the…
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Where Are Mortgage Delinquencies Rising the Most?
Andrew F. Haughwout, Donghoon Lee, Daniel Mangrum, Joelle W. Scally, and Wilbert van der Klaauw The Federal Reserve Bank of…
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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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