Economy
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When College Might Not Be Worth It
Jaison R. Abel and Richard Deitz In our last post, we showed that the economic benefits of a college degree…
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Monetary Policy Spillovers and the Role of the Dollar
Sushant Acharya, Ozge Akinci, Silvia Miranda-Agrippino, and Paolo A. Pesenti In the literature on monetary policy spillovers considered in the…
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Why Are Credit Card Rates So High?
Itamar Drechsler, Hyeyoon Jung, Weiyu Peng, Dominik Supera, and Guanyu Zhou Credit cards play a crucial role in U.S. consumer…
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Credit Score Impacts from Past Due Student Loan Payments
Daniel Mangrum and Crystal Wang In our companion post, we highlighted how the pandemic and subsequent policy actions disrupted trends…
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Comparing Apples to Apples: “Synthetic Real‑Time” Estimates of R‑Star
Sophia Cho and John C. Williams Estimates of the natural rate of interest, commonly called “r-star,” garner a great deal…
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When the Household Pie Shrinks, Who Gets Their Slice?
Jacob Conway, Natalia Fischl-Lanzoni, and Matthew Plosser When households face budgetary constraints, they may encounter bills and debts that they…
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Firms’ Inflation Expectations Have Picked Up
Jaison R. Abel, Richard Deitz, and Ben Hyman Editors note: Since this post was published, we clarified language in the…
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U.S. Imports from China Have Fallen by Less Than U.S. Data Indicate
Hunter L. Clark With new tariffs on China back in the headlines, this post seeks to offer some perspective on…
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How Censorship Resistant Are Decentralized Systems?
Jon Durfee and Michael Lee Public permissionless blockchains are designed to be censorship resistant, meaning access to the blockchain is…
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Why Do Banks Fail? The Predictability of Bank Failures
Sergio Correia, Stephan Luck, and Emil Verner Can bank failures be predicted before they happen? In a previous post, we…
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