Economy
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On the Distributional Consequences of Responding Aggressively to Inflation
Marco Del Negro, Keshav Dogra, Pranay Gundam, Donggyu Lee, and Brian Pacula This post discusses the distributional consequences of an…
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Exploring the TIPS-Treasury Valuation Puzzle
Guillaume Roussellet Since the late 1990s, the U.S. Treasury has issued debt in two main forms: nominal bonds, which provide…
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Deciphering the Disinflation Process – Liberty Street Economics
Sebastian Heise and Ayşegül Şahin U.S. inflation surged in the early post-COVID period, driven by several economic shocks such as…
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Nonbanks Are Growing but Their Growth Is Heavily Supported by Banks
Viral Acharya, Nicola Cetorelli, and Bruce Tuckman Traditional approaches to financial sector regulation view banks and nonbank financial institutions (NBFIs)…
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Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond
Kasey Chatterji-Len and Anna Kovner Becoming a PhD economist can provide a fulfilling and financially secure career path. However, getting…
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Can Discount Window Stigma Be Cured?
Olivier Armantier One of the core responsibilities of central banks is to act as “lender of last resort” to the…
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Supply Chain Disruptions Have Eased, But Remain a Concern
Jaison R. Abel and Richard Deitz Supply chain disruptions became a major headache for businesses in the aftermath of the…
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The Changing Landscape of Corporate Credit
Nina Boyarchenko and Leonardo Elias Firms’ access to credit is a crucial determinant of their investment, employment, and overall growth…
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Veterans in the Labor Market: 2024 Update
Rajashri Chakrabarti, Dan Garcia, and Maxim Pinkovskiy Veterans constitute a significant segment of the male labor force, and understanding labor…
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Internal Liquidity’s Value in a Financial Crisis
Cecilia Caglio and Adam Copeland A classic question for U.S. financial firms is whether to organize themselves as entities that…
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