ECONOMY
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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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The New York Fed DSGE Model Forecast—June 2024
Marco Del Negro, Pranay Gundam, Donggyu Lee, Ramya Nallamotu, and Brian Pacula This post presents an update of the economic…
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The Changing Landscape of Corporate Credit
Nina Boyarchenko and Leonardo Elias Firms’ access to credit is a crucial determinant of their investment, employment, and overall growth…
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Veterans in the Labor Market: 2024 Update
Rajashri Chakrabarti, Dan Garcia, and Maxim Pinkovskiy Veterans constitute a significant segment of the male labor force, and understanding labor…
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Taking Stock: Dollar Assets, Gold, and Official Foreign Exchange Reserves
Patrick Douglass, Linda S. Goldberg, and Oliver Z. Hannaoui Editor’s note: Since this post was first published the note on…
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Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond
Kasey Chatterji-Len and Anna Kovner Becoming a PhD economist can provide a fulfilling and financially secure career path. However, getting…
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Can Discount Window Stigma Be Cured?
Olivier Armantier One of the core responsibilities of central banks is to act as “lender of last resort” to the…
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Do Exchange-Traded Products Improve Bitcoin Trading?
Ken Armstrong, Asani Sarkar, and Leslie Conner Warren Spot bitcoin exchange-traded products (ETPs) began trading in the U.S. on January…
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The New York Fed Consumer Credit Panel: A Foundational CMD Data Set
Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Joelle Scally, and Wilbert van der Klaauw As the Great Financial Crisis and associated…
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