ECONOMY
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Who Is Paying for the 2025 U.S. Tariffs?
Mary Amiti, Chris Flanagan, Sebastian Heise, and David E. Weinstein Over the course of 2025, the average tariff rate on…
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Where Are Mortgage Delinquencies Rising the Most?
Andrew F. Haughwout, Donghoon Lee, Daniel Mangrum, Joelle W. Scally, and Wilbert van der Klaauw The Federal Reserve Bank of…
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Anatomy (not Autopsy) of the Phillips Curve
Simone Lenzu The relationship between inflation and real economic activity has long been central to debates in macroeconomics and monetary…
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Does the Phillips Curve Steepen When Costs Surge?
Simone Lenzu Inflation does not always respond to cost and demand pressures in the same way. When shocks are small,…
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What Can Undermine a Carbon Tax?
Pierre Coster, Julian di Giovanni, and Isabelle Mejean Several countries have implemented a carbon tax or cap-and-trade system to establish…
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What Is a Carbon Tariff and Why Is the EU Imposing One?
Pierre Coster, Julian di Giovanni, and Isabelle Mejean The European Union has been an early adopter of carbon policies, with…
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Disability in the Labor Market: Employment and Participation
Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy Among people in prime working age (25-54), around 7 percent…
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Understating Rising Quality Means Import Price Inflation Is Overstated
Danial Lashkari It is common for price measures to consider changes in quality. That is, a price index might fall…
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Disability in the Labor Market: Earnings
Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy In our previous post we learned that, in general, people…
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Measuring Labor Market Tightness: Data Update and New Web Feature
Sebastian Heise, Jeremy Pearce, and Jacob P. Weber Good measures of labor market tightness are essential to predict wage inflation…
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