ECONOMY
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New York Fed EHIs Reveal Small Business Struggles
Will Aarons and Asani Sarkar The New York Fed’s Economic Heterogeneity Indicators (EHIs) aim to study macroeconomic outcomes experienced by various groups of people and…
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Does the Phillips Curve Steepen When Costs Surge?
Simone Lenzu Inflation does not always respond to cost and demand pressures in the same way. When shocks are small,…
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Anatomy (not Autopsy) of the Phillips Curve
Simone Lenzu The relationship between inflation and real economic activity has long been central to debates in macroeconomics and monetary…
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What Can Undermine a Carbon Tax?
Pierre Coster, Julian di Giovanni, and Isabelle Mejean Several countries have implemented a carbon tax or cap-and-trade system to establish…
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Disability in the Labor Market: Employment and Participation
Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy Among people in prime working age (25-54), around 7 percent…
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Disability in the Labor Market: Earnings
Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy In our previous post we learned that, in general, people…
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Understating Rising Quality Means Import Price Inflation Is Overstated
Danial Lashkari It is common for price measures to consider changes in quality. That is, a price index might fall…
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Measuring Labor Market Tightness: Data Update and New Web Feature
Sebastian Heise, Jeremy Pearce, and Jacob P. Weber Good measures of labor market tightness are essential to predict wage inflation…
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What Is a Carbon Tariff and Why Is the EU Imposing One?
Pierre Coster, Julian di Giovanni, and Isabelle Mejean The European Union has been an early adopter of carbon policies, with…
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Which Entrepreneurs Boost Productivity? – Liberty Street Economics
Ufuk Akcigit, Harun Alp, Jeremy Pearce, and Marta Prato Why do some entrepreneurs drive economic growth while others do not?…
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