Economic Brief

Hurricanes Helene and Milton have put a spotlight on both the immediate and long-term aftermath of such storms.

The second annual Marvin Goodfriend Lecture, given by Maurice Obstfeld, revisits the current account deficit of the first decade of this millennium.

A careful comparison of the approaches allows policymakers to discern possible strengths and weaknesses of each approach.

Recent research suggests that there are meaningful differences in the content of recommendation letters correlated with gender, race and ethnicity.

Some inferred early retirement or unexpected wealth gains played a role, but the data suggest that these drops were either not very persistent or reflected as part of long-run trends.

Not only has the share of the U.S. population that is 65 and older risen, but the share of these households living in their own homes has risen as well.

While closing the gap is difficult to tackle directly through policy, there are potential avenues for policymakers to help.

White households cover more medical expenses out of pocket or through payors such as private insurance, while Black and Hispanic households have larger shares covered by Medicaid.

According to a multisector DSGE model, heterogeneity in shock variances across sectors is critical for matching the empirical relationship between inflation and the distribution of relative price changes.

Peru shows that a brisk pace of job reallocation has the potential to significantly inhibit occupational skill specialization, potentially contributing to human capital and productivity deficits.