ECONOMY
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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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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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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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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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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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The Fed’s Treasury Purchase Prices During the Pandemic
Ellen Correia Golay, Maximilian Dunn, Michael J. Fleming, Peter Johansson, Isabel Krogh, Or Shachar, and Joshua Younger In March 2020, the…
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The Rise in Deposit Flightiness and Its Implications for Financial Stability
Kristian Blickle, Jian Li, Xu Lu, and Yiming Ma Deposits are often perceived as a stable funding source for banks.…
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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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