Economy
-
What Do Climate Risk Indices Measure?
Hyeyoon Jung and Oliver Hannaoui As interest in understanding the economic impacts of climate change grows, the climate economics and…
Read More » -
Tracking Reserve Ampleness in Real Time Using Reserve Demand Elasticity
Gara Afonso, Domenico Giannone, Gabriele La Spada, and John C. Williams As central banks shrink their balance sheets to restore price stability…
Read More » -
The Dueling Intraday Demands on Reserves
Adam Copeland and Sarah Yu Wang A central use of reserves held at Federal Reserve Banks (FRBs) is for the…
Read More » -
International Stock Markets’ Reactions to EU Climate Policy Shocks
Julian di Giovanni, Galina Hale, Neel Lahiri, and Anirban Sanyal While policies to combat climate change are designed to address…
Read More » -
A New Indicator of Labor Market Tightness for Predicting Wage Inflation
Sebastian Heise, Jeremy Pearce, and Jacob P. Weber A key question in economic policy is how labor market tightness affects…
Read More » -
Exposure to Generative AI and Expectations About Inequality
Natalia Emanuel and Emma Harrington With the rise of generative AI (genAI) tools such as ChatGPT, many worry about the…
Read More » -
Flood Risk Outside Flood Zones — A Look at Mortgage Lending in Risky Areas
Kristian Blickle, Evan Perry, and João A.C. Santos In support of the National Flood Insurance Program (NFIP), the Federal Emergency…
Read More » -
Are Professional Forecasters Overconfident? – Liberty Street Economics
Marco Del Negro The post-COVID years have not been kind to professional forecasters, whether from the private sector or policy…
Read More » -
Can Professional Forecasters Predict Uncertain Times?
Marco Del Negro Economic surveys are very popular these days and for a good reason. They tell us how the…
Read More » -
AI and the Labor Market: Will Firms Hire, Fire, or Retrain?
Jaison R. Abel, Richard Deitz, Natalia Emanuel, and Benjamin Hyman The rapid rise in Artificial Intelligence (AI) has the potential…
Read More »