Economy
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Businesses Want Remote Work, Just Not as Much
Jaison R. Abel, Richard Deitz, Dan Garcia, and Ben Hyman The enormous increase in remote work that occurred during the…
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How Exposed Are U.S. Banks’ Loan Portfolios to Climate Transition Risks?
Hyeyoon Jung, João A.C. Santos, and Lee Seltzer Editor’s note: Since this post was first published, the y-axis labels in…
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Runs on Stablecoins – Liberty Street Economics
Kenechukwu Anadu, Pablo D. Azar, Marco Cipriani, Thomas Eisenbach, Catherine Huang, Mattia Landoni, Gabriele La Spada, Marco Macchiavelli, Antoine Malfroy-Camine,…
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Inflating Away the Debt: The Debt-Inflation Channel of German Hyperinflation
Markus Brunnermeier, Sergio Correia, Stephan Luck, Emil Verner, and Tom Zimmermann The recent rise in price pressures around the world…
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Why Do Forecasters Disagree about Their Monetary Policy Expectations?
Arunima Sinha, Giorgio Topa, and Francisco Torralba While forecasters generally disagree about the expected path of monetary policy, the level…
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Credit Card Markets Head Back to Normal after Pandemic Pause
Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Joelle Scally, and Wilbert van der Klaauw Total household debt balances increased by $16…
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The Post-Pandemic r* – Liberty Street Economics
Katie Baker, Logan Casey, Marco Del Negro, Aidan Gleich, and Ramya Nallamotu The debate about the natural rate of interest,…
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The Evolution of Short-Run r* after the Pandemic
Katie Baker, Logan Casey, Marco Del Negro, Aidan Gleich, and Ramya Nallamotu This post discusses the evolution of the short-run…
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The Federal Reserve’s Two Key Rates: Similar but Not the Same?
Gara Afonso, Marco Cipriani, Gabriele La Spada, and Peter Prastakos Since the global financial crisis, the Federal Reserve has relied…
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What Makes Cryptocurrencies Different? – Liberty Street Economics
Anders Brownworth, Jon Durfee, Michael Lee, and Antoine Martin Permissionless blockchains, which support the most popular cryptocurrency networks like Bitcoin…
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