Economic Brief

An "impact factor" may help estimate how tariffs affect the cost of intermediate inputs used in production.

Once lauded as a model of fiscal discipline, Germany's debt brake now stands at the center of a growing debate over its broader economic consequences.

Situations where tariffs provide overall benefits are theoretically possible but appear to be practically limited.

Viewing the rise in inflation through a single perspective may mean missing part of the picture.

Literature suggests much of the decline may be a response to the changing needs of both households and firms.

A new measure suggests reserve balances are more distributed than originally thought.

Firms may source inputs from a variety of suppliers to help avoid weather disrupting their supply chains.

Announcements regarding AI can have significant impact on the economy, even if the actual technology isn't enacted for a while.

The recent tariff announcement implies that the average effective tariff rate would rise further compared to our previous analysis.

For estimating underlying inflation, it is important to control for seasonality in volatility.