ECONOMY
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How Resilient Were Emerging Market Economies Through the 2022-23 U.S. Monetary Tightening Cycle?
Shaghil Ahmed, Ozge Akinci, and Albert Queralto The cross-border spillover effects of shifts in U.S. monetary policy have long been…
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The Post-COVID Decline in the Labor Share
Richard Audoly, Miles Guerin, Srinidhi Narayanan, and Rachel Schuh The labor share of income in the U.S. is currently at…
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Tracking the K-Shaped Economy: Who’s Driving Spending?
Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy Editors’ Note: The title of the second chart in this…
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Will Mounting Supply Chain Strains Hamstring the AI Investment Boom?
Hunter L. Clark, Jeffrey B. Dawson, and Shad Turney Editor’s Note: The original version of the post included an inaccurate…
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Assessing the Current State of Wage Inflation
Martin Almuzara, Richard Audoly, and Davide Melcangi Economists often look at nominal wage growth to gauge labor market imbalances, price…
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Remote Work Leaves Younger Workers Sidelined
Natalia Emanuel, Emma Harrington, and Amanda Pallais Youth unemployment has risen dramatically since the pandemic—as has the prevalence of remote…
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Struggling Regional Small Businesses Deeply Pessimistic About 2026 Prospects
Will Aarons and Asani Sarkar We recently updated the suite of indicators describing the performance of small businesses in the…
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The Unintended Effects of Interest Rate Caps: Credit Rationing for Risky Borrowers
Rajashri Chakrabarti, Gabriel Leonard, Donald P. Morgan, Thu Pham, and Lee Seltzer In imperial China, 3 percent was the maximum…
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The Unintended Effects of Interest Rate Caps: Credit Reallocation to Safer Borrowers
Rajashri Chakrabarti, Gabriel Leonard, Donald P. Morgan, Thu Pham, and Lee Seltzer Several states have recently capped consumer loan rates…
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Food Insecurity and Consumer Pessimism
Gizem Kosar, Ishva Mehta, and Wilbert van der Klaauw Current discussions regarding a bifurcated U.S. economy highlight the increasing economic…
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