ECONOMY
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The Role of Repos in Monetary Policy Implementation
Gara Afonso, Jun-Davinci Choi, Gonzalo Cisternas, and Will Riordan In the first two posts of this three-part series, we discussed…
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How Fast Do Tariffs Pass Through into Consumer Prices?
Mary Amiti, Sebastian Heise, and David E. Weinstein There has been a lot of interest in how tariffs affect consumer…
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Firm Heterogeneity and the Response of Investment to Monetary Policy
Thomas Drechsel, Daniel Lewis, Davide Melcangi, and Laura Pilossoph It is well known that monetary policy affects firms’ investment decisions.…
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Revenue per Worker Is Up. Are Firms Getting a Larger Share?
Jeremy Pearce From the Great Recession until 2019, U.S. labor productivity growth disappointed. Nonfarm-business output per hour grew about 1…
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Has the AI Boom Impacted the U.S. Current Account?
Julian di Giovanni The AI boom is showing up in different corners of the U.S. economy, including international trade. Imports…
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Prices, Prices, Prices: Overall Inflation and the Costs You Care About
Kartik B. Athreya As fall starts to show itself in cooler weather, I want to discuss a topic that usually…
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AI Adoption and Employment Expectations: Evidence from a Survey of Small Business Owners
Will Aarons and Asani Sarkar There is little consensus on the effect of AI adoption on employment. Economy-wide measures of…
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Insured, but Still on the Hook: Who Bears the Most Risk in Homeowner’s Insurance?
Hyeyoon Jung and Jaehoon (Kyle) Jung In an April post, using millions of homeowners’ insurance contracts matched with property-level exposure…
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Navigating Geoeconomic Risk in the U.S. Stock Market
Matteo Crosignani, Lina Han, and Marco Macchiavelli Geoeconomic risk—the risk that firms incur valuation losses when countries deploy economic, trade,…
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Follow the Cash! Microstructure of Repo Markets
Gara Afonso, Jun-Davinci Choi, Gonzalo Cisternas, and Will Riordan The repo market in the U.S. is a mosaic of segments…
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