ECONOMY
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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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A New Public Data Source: Call Reports from 1959 to 2025
Sergio Correia, Tiffany Fermin, Stephan Luck, and Emil Verner Call Reports are regulatory filings in which commercial banks report their…
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Tariffs, Trade, and Tumbling Credit Scores: The Top 5 LSE Posts of 2025
Maureen Egan Each year brings a new set of economic challenges: In 2025, major areas of focus included tariffs and…
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The New York Fed DSGE Model Forecast— December 2025
Marco Del Negro, Ibrahima Diagne, Keshav Dogra, Elena Elbarmi, Donggyu Lee, and Michael Pham This post presents an update of…
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Letters of Recommendation in the PhD Job Market: Lessons from Specialized Banks
Kristian S. Blickle and Cecilia Parlatore Banks must extract useful signals of a potential borrower’s quality from a large set…
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Designing Bank Regulation with Accounting Discretion
Kinda Hachem Why does the banking industry remain prone to large and costly disruptions despite being so heavily regulated? Is…
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U.S. Banks Have Developed a Significant Nonbank Footprint
Nicola Cetorelli and Saketh Prazad In light of the rapid growth of nonbank financial institutions (NBFIs), many have argued that…
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