ECONOMY
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Discount Window Stigma After the Global Financial Crisis
Olivier Armantier, Marco Cipriani, and Asani Sarkar The rapidity of deposit outflows during the March 2023 banking run highlights the…
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Do Payout Restrictions Reduce Bank Risk?
Fulvia Fringuellotti and Thomas Kroen In June 2020, the Federal Reserve issued stringent payout restrictions for the largest banks in…
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The R&D Puzzle in U.S. Manufacturing Productivity Growth
Danial Lashkari and Jeremy Pearce In a previous post, we provided evidence for a broad-based slowdown in productivity growth across industries…
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Anatomy of the Bank Runs in March 2023
Marco Cipriani, Thomas Eisenbach, and Anna Kovner Runs have plagued the banking system for centuries and returned to prominence with…
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Every Dollar Counts: The Top 5 Liberty Street Economics Posts of 2024
High prices and rising debt put pressure on household budgets this year, so it’s little wonder that the most-read Liberty…
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The New York Fed DSGE Model Forecast—December 2024
Sophia Cho, Marco Del Negro, Ibrahima Diagne, Pranay Gundam, Donggyu Lee, and Brian Pacula This post presents an update of…
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Documenting Lender Specialization – Liberty Street Economics
Kristian Blickle and Eric Gao Robust banks are a cornerstone of a healthy financial system. To ensure their stability, it…
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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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Banking System Vulnerability: 2024 Update
Matteo Crosignani, Thomas Eisenbach, and Fulvia Fringuellotti After a period of relative stability, a series of bank failures in 2023…
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