ECONOMY

An Interoperability Framework for Payment Systems

Jon Durfee, Michael Junho Lee, and Joseph Torregrossa Novel payment systems based on blockchain networks promise to redesign financial architecture,…

Read More »

Monetary Policy Spillovers in the Global Economy

Sushant Acharya, Ozge Akinci, Silvia Miranda-Agrippino, and Paolo A. Pesenti Understanding cross-border interdependencies and inspecting the international transmission mechanism of…

Read More »

How Household Saving Affects Monetary Policy Spillovers

Sushant Acharya, Ozge Akinci, Silvia Miranda-Agrippino, and Paolo A. Pesenti As covered in the first post in this series, the…

Read More »

Is College Still Worth It?

Jaison R. Abel and Richard Deitz A college degree was once viewed as a surefire ticket to a good job…

Read More »

Stablecoins and Crypto Shocks: An Update

Kenechukwu Anadu, Pablo D. Azar, Marco Cipriani, Thomas M. Eisenbach, Catherine Huang, Mattia Landoni, Gabriele La Spada, Marco Macchiavelli, Antoine…

Read More »

Gauging the Strength of China’s Economy in Uncertain Times

Jeffrey B. Dawson and Hunter L. Clark Amid increasing pressure on the Chinese economy from China’s trade conflict with the…

Read More »

The Origins of Market Power in DeFi

Pablo D. Azar, Adrian G. Casillas, and Maryam Farboodi In our previous Liberty Street Economics post, we introduced the decentralized…

Read More »

When College Might Not Be Worth It

Jaison R. Abel and Richard Deitz In our last post, we showed that the economic benefits of a college degree…

Read More »

Will Peak Demand Roil Global Oil Markets? 

Matthew Higgins and Thomas Klitgaard “Peak oil”—the notion that the depletion of accessible petroleum deposits would soon lead to declining…

Read More »

Recent Shifts Seen in Consumers’ Public Policy Expectations

Joseph Delehanty, Gizem Kosar, and Wilbert van der Klaauw In this post we examine changes in households’ beliefs following the…

Read More »