ECONOMY
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Why Do Banks Fail? Three Facts About Failing Banks
Sergio Correia, Stephan Luck, and Emil Verner Why do banks fail? In a new working paper, we study more than…
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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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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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Why Investment-Led Growth Lowers Chinese Living Standards
Matthew Higgins Rapid GDP growth, due in part to high rates of investment and capital accumulation, has raised China out…
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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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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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The Central Banking Beauty Contest
Gonzalo Cisternas and Aaron Kolb Expectations can play a significant role in driving economic outcomes, with central banks factoring market…
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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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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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