ECONOMY
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International Stock Markets’ Reactions to EU Climate Policy Shocks
Julian di Giovanni, Galina Hale, Neel Lahiri, and Anirban Sanyal While policies to combat climate change are designed to address…
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What Do Climate Risk Indices Measure?
Hyeyoon Jung and Oliver Hannaoui As interest in understanding the economic impacts of climate change grows, the climate economics and…
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Exposure to Generative AI and Expectations About Inequality
Natalia Emanuel and Emma Harrington With the rise of generative AI (genAI) tools such as ChatGPT, many worry about the…
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Are Nonbank Financial Institutions Systemic?
Andres Aradillas Fernandez, Martin Hiti, and Asani Sarkar Recent events have heightened awareness of systemic risk stemming from nonbank financial…
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End-of-Month Liquidity in the Treasury Market
Henry Dyer, Michael Fleming, and Or Shachar Trading activity in benchmark U.S. Treasury securities now concentrates on the last trading…
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Flood Risk Outside Flood Zones — A Look at Mortgage Lending in Risky Areas
Kristian Blickle, Evan Perry, and João A.C. Santos In support of the National Flood Insurance Program (NFIP), the Federal Emergency…
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Has Treasury Market Liquidity Improved in 2024?
Michael Fleming Standard metrics point to an improvement in Treasury market liquidity in 2024 to levels last seen before the…
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Are Professional Forecasters Overconfident? – Liberty Street Economics
Marco Del Negro The post-COVID years have not been kind to professional forecasters, whether from the private sector or policy…
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Can Professional Forecasters Predict Uncertain Times?
Marco Del Negro Economic surveys are very popular these days and for a good reason. They tell us how the…
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AI and the Labor Market: Will Firms Hire, Fire, or Retrain?
Jaison R. Abel, Richard Deitz, Natalia Emanuel, and Benjamin Hyman The rapid rise in Artificial Intelligence (AI) has the potential…
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