Economic Brief
The factors include intrinsic persistence, indexation, fiscal policy and unanchoring of expectations.
What is the typical lag between market interest rate increases and increases in CD and MMMF balances? Is the recent increase unusually large, or is more in store?
How far behind did students get during the pandemic, why did they get behind, and how can they catch up?
Workers seem to be in favor, but urban cores may hurt as a result.
Many use mortgage spreads as a gauge of market stress, but they actually seem to gauge something else.
The current cycle appears to be unique in how inflation has moved during this most recent series of rate hikes.
Severe weather shocks can have long-lasting impacts on the macroeconomy.
A 2020 paper on market power has ignited considerable attention, follow-up and criticism.
How much should imitators compensate innovators for using their ideas?
Higher borrowing costs for a sovereign can impact its GDP, consumption and investment, among other items.