ECONOMY
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On the Distributional Effects of Inflation and Inflation Stabilization
Marco Del Negro, Keshav Dogra, Pranay Gundam, Donggyu Lee, and Brian Pacula This post and the next discuss the distributional…
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On the Distributional Consequences of Responding Aggressively to Inflation
Marco Del Negro, Keshav Dogra, Pranay Gundam, Donggyu Lee, and Brian Pacula This post discusses the distributional consequences of an…
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Wage Insurance: A Potential Policy for Displaced Workers
Ben Hyman, Brian Kovak, and Adam Leive Despite the existing safety net, worker displacement continues to have severe consequences that…
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What Was Up with Grocery Prices?
Thomas Klitgaard The consumer price index for groceries has risen more than the overall price index since the start of…
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The Mysterious Slowdown in U.S. Manufacturing Productivity
Danial Lashkari and Jeremy Pearce Throughout the twentieth century, steady technological and organizational innovations, along with the accumulation of productive…
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Racial and Ethnic Inequalities in Household Wealth Persist
Rajashri Chakrabarti, Natalia Emanuel, and Ben Lahey Disparities in wealth are pronounced across racial and ethnic groups in the United…
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Nonbanks Are Growing but Their Growth Is Heavily Supported by Banks
Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman Traditional approaches to financial sector regulation view banks and nonbank financial institutions…
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Deciphering the Disinflation Process – Liberty Street Economics
Sebastian Heise and Ayşegül Şahin U.S. inflation surged in the early post-COVID period, driven by several economic shocks such as…
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The Growing Risk of Spillovers and Spillbacks in the Bank-NBFI Nexus
Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman Nonbank financial institutions (NBFIs) are growing, but banks support that growth via…
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Banks and Nonbanks Are Not Separate, but Interwoven
Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman In our previous post, we documented the significant growth of nonbank financial…
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