ECONOMY

Economic Capital: A New Measure of Bank Solvency 

Beverly Hirtle and Matthew Plosser  Bank supervisors, industry analysts, and academic researchers rely on a range of metrics to track…

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Are Financial Markets Good Predictors of R-Star?

Sophia Cho and John C. Williams Recently, there has been renewed attention on the natural rate of interest—often referred to…

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A Check-In on the Mortgage Market

Andrew F. Haughwout, Donghoon Lee, Jonathan Lee, Joelle Scally, and Wilbert van der Klaauw Debt balances continued to march upward…

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How Firms Spread Good Management

Nicholas Bloom, Jonathan Hartley, Raffaella Sadun, Rachel Schuh, and John Van Reenen What is good management, and how is it…

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Who Is Still on First? An Update of Characteristics of First-Time Homebuyers

Donghoon Lee and Joseph Tracy Following the COVID-19 health crisis, home prices and mortgage rates rose sharply. This created concerns…

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Flood Risk and Flood Insurance

Kristian S. Blickle, Evan Perry, and João A.C. Santos Recent natural disasters have renewed concerns about insurance markets for natural…

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Student Loan Balance and Repayment Trends Since the Pandemic Disruption

Daniel Mangrum and Crystal Wang This month marks five years since the start of the COVID-19 pandemic, after which subsequent…

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The Zero Lower Bound Remains a Medium-Term Risk

Sophia Cho, Thomas M. Mertens, and John C. Williams Interest rates have fluctuated significantly over time. After a period of…

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How Shadow Banking Reshapes the Optimal Mix of Regulation

Kinda Hachem Decisions that are privately optimal often impose externalities on other agents, giving rise to regulations aimed at implementing…

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Who Lends to Households and Firms?

Nina Boyarchenko and Leonardo Elias The financial sector in the U.S. economy is deeply interconnected. In our previous post, we…

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