ECONOMY
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How and Why Do Consumers Use “Buy Now, Pay Later”?
Felix Aidala, Daniel Mangrum, and Wilbert van der Klaauw In a previous post, we highlighted that financially fragile households are…
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Measuring Treasury Market Depth – Liberty Street Economics
Michael Fleming, Isabel Krogh, and Claire Nelson A commonly used measure of market liquidity is market depth, which refers to…
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Wealth Inequality by Age in the Post-Pandemic Era
Rajashri Chakrabarti, Natalia Emanuel, and Ben Lahey Editor’s note: Since this post was first published, percentages cited in the first…
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Auto Loan Delinquency Revs Up as Car Prices Stress Budgets
Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Joelle Scally, Wilbert van der Klaauw, and Crystal Wang The New York Fed’s Center…
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A Bayesian VAR Model Perspective on the Lagged Effect of Monetary Policy
Richard Crump, Marco Del Negro, Keshav Dogra, Pranay Gundam, Donggyu Lee, Ramya Nallamotu, and Brian Pacula Over the last few…
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The New York Fed DSGE Model Perspective on the Lagged Effect of Monetary Policy
Richard Crump, Marco Del Negro, Keshav Dogra, Pranay Gundam, Donggyu Lee, Ramya Nallamotu, and Brian Pacula This post uses the…
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The Nonbank Shadow of Banks
Nicola Cetorelli and Saketh Prazad Financial and technological innovation and changes in the macroeconomic environment have led to the growth…
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Bond Funds in the Aftermath of SVB’s Collapse
Nicola Cetorelli and Sarah Zebar March 2023 will rightfully be remembered as a period of major turmoil for the U.S.…
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Treasury Bill Supply and ON RRP Investment
Gara Afonso, Marco Cipriani, Catherine Huang, Gabriele La Spada, and Sergio Olivas Take-up at the Federal Reserve’s Overnight Reverse Repo…
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The Power of Proximity: How Working beside Colleagues Affects Training and Productivity
Natalia Emanuel, Emma Harrington, and Amanda Pallais Firms remain divided about the value of the office for “office” workers. Some…
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