Economy
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Do Import Tariffs Protect U.S. Firms?
Mary Amiti, Matthieu Gomez, Sang Hoon Kong, and David E. Weinstein One key motivation for imposing tariffs on imported goods…
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Using Stock Returns to Assess the Aggregate Effect of the U.S.-China Trade War
Mary Amiti, Matthieu Gomez, Sang Hoon Kong, and David E. Weinstein During 2018-19, the U.S. levied import tariffs of 10…
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Why Do Banks Fail? Bank Runs Versus Solvency
Sergio Correia, Stephan Luck, and Emil Verner Evidence from a 160-year-long panel of U.S. banks suggests that the ultimate cause…
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To Whom It May Concern: Demographic Differences in Letters of Recommendation
Beverly Hirtle and Anna Kovner Letters of recommendation from faculty advisors play a critical role in the job market for…
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Income Growth Outpaces Household Borrowing
Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Joelle Scally, and Wilbert van der Klaauw U.S. household debt balances grew by $147…
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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…
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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…
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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…
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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…
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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…
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