ECONOMY
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Flood Risk Outside Flood Zones — A Look at Mortgage Lending in Risky Areas
Kristian Blickle, Evan Perry, and João A.C. Santos In support of the National Flood Insurance Program (NFIP), the Federal Emergency…
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Has Treasury Market Liquidity Improved in 2024?
Michael Fleming Standard metrics point to an improvement in Treasury market liquidity in 2024 to levels last seen before the…
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The New York Fed DSGE Model Forecast—September 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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Are Professional Forecasters Overconfident? – Liberty Street Economics
Marco Del Negro The post-COVID years have not been kind to professional forecasters, whether from the private sector or policy…
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Can Professional Forecasters Predict Uncertain Times?
Marco Del Negro Economic surveys are very popular these days and for a good reason. They tell us how the…
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AI and the Labor Market: Will Firms Hire, Fire, or Retrain?
Jaison R. Abel, Richard Deitz, Natalia Emanuel, and Benjamin Hyman The rapid rise in Artificial Intelligence (AI) has the potential…
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The DeFi Intermediation Chain – Liberty Street Economics
Pablo D. Azar, Adrian G. Casillas, and Maryam Farboodi Decentralized Finance, or DeFi, is a rapidly growing ecosystem of financial…
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An Update on the Reservation Wages in the SCE Labor Market Survey
Gizem Kosar, Davide Melcangi, and Sasha Thomas The Federal Reserve Bank of New York’s July 2024 SCE Labor Market Survey…
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The Disparate Outcomes of Bank- and Nonbank-Financed Private Credit Expansions
Nina Boyarchenko and Leonardo Elias Long-run trends in increased access to credit are thought to improve real activity. However, “rapid”…
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When Are Central Bank Reserves Ample?
Gara Afonso, Domenico Giannone, Gabriele La Spada, and John C. Williams The Federal Reserve (Fed) implements monetary policy in a…
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