ECONOMY
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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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Mortgage Lock-In Spurs Recent HELOC Demand
Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Joelle W. Scally, and Wilbert van der Klaauw Mortgage balances, the largest component of…
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An Update on the Reservation Wages in the SCE Labor Market Survey
Gizem Kosar, Davide Melcangi, and Sasha Thomas The Federal Reserve Bank of New York’s July 2024 SCE Labor Market Survey…
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