ECONOMY
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Same Shock, Different Roads? A K-Shaped Pattern at the Pump
Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim Pinkovskiy In March 2026, energy prices surged to a four-year high, driven…
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In What Ways Has U.S. Trade with China Changed?
Hunter L. Clark and Gregory Simitian Over the past year, U.S. trade policy with China has undergone enormous changes, but…
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Explaining the K-Shaped Economy: What’s Behind the Divide?
Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy In our companion post, we used a new module of…
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Use of Gen AI in the Workplace and the Value of Access to Training
Ali Hashim, Gizem Kosar, and Wilbert van der Klaauw The rapid spread of generative AI (AI) tools is reshaping the…
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The R*–Labor Share Nexus – Liberty Street Economics
Sophia Cho and John C. Williams Over the past quarter century, the U.S. economy has experienced significant declines in both…
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Bank Failures: The Roles of Solvency and Liquidity
Bank Failures in the United States, 1863–2024 Source: “Bank Failures: The Roles of Solvency and Liquidity,” Correia, Luck, and Verner…
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What Millions of Homeowner’s Insurance Contracts Reveal About Risk Sharing
Hyeyoon Jung and Jaehoon (Kyle) Jung Housing is the largest component of assets held by households in the United States,…
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A Closer Look at Emerging Market Resilience During Recent Shocks
Hunter L. Clark, Jeffrey B. Dawson, and Julian Gonzalez-Murphy A succession of shocks to the global economy in recent years…
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The Fed Has Two Tools to Influence Money Market Conditions
Adam Copeland and Owen Engbretson The Federal Reserve’s 2022-23 tightening cycle involved the use of two monetary policy tools: changes…
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Treasury Market Liquidity Since April 2025
Henry Dyer and Michael J. Fleming In this post, we examine the evolution of U.S. Treasury market liquidity over the…
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