ECONOMY
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On the Distributional Effects of Inflation and Inflation Stabilization
Marco Del Negro, Keshav Dogra, Pranay Gundam, Donggyu Lee, and Brian Pacula This post and the next discuss the distributional…
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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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Racial and Ethnic Inequalities in Household Wealth Persist
Rajashri Chakrabarti, Natalia Emanuel, and Ben Lahey Disparities in wealth are pronounced across racial and ethnic groups in the United…
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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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The Growing Risk of Spillovers and Spillbacks in the Bank-NBFI Nexus
Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman Nonbank financial institutions (NBFIs) are growing, but banks support that growth via…
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Banks and Nonbanks Are Not Separate, but Interwoven
Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman In our previous post, we documented the significant growth of nonbank financial…
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The New York Fed DSGE Model Forecast—June 2024
Marco Del Negro, Pranay Gundam, Donggyu Lee, Ramya Nallamotu, and Brian Pacula This post presents an update of the economic…
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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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