ECONOMY
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The New York Fed DSGE Model Perspective on the Lagged Effect of Monetary Policy
Richard Crump, Marco Del Negro, Keshav Dogra, Pranay Gundam, Donggyu Lee, Ramya Nallamotu, and Brian Pacula This post uses the…
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The Power of Proximity: How Working beside Colleagues Affects Training and Productivity
Natalia Emanuel, Emma Harrington, and Amanda Pallais Firms remain divided about the value of the office for “office” workers. Some…
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The Nonbank Shadow of Banks
Nicola Cetorelli and Saketh Prazad Financial and technological innovation and changes in the macroeconomic environment have led to the growth…
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An Overlooked Factor in Banks’ Lending to Minorities
Matteo Crosignani and Hanh Le In the second quarter of 2022, the homeownership rate for white households was 75 percent,…
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Towards Increasing Complexity: The Evolution of the FX Market
Alain Chaboud, Lisa Chung, Linda S. Goldberg, and Anna Nordstrom The foreign exchange market has evolved extensively over time, undergoing…
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Measuring Price Inflation and Growth in Economic Well-Being with Income-Dependent Preferences
Danial Lashkari How can we accurately measure changes in living standards over time in the presence of price inflation? In…
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Bond Funds in the Aftermath of SVB’s Collapse
Nicola Cetorelli and Sarah Zebar March 2023 will rightfully be remembered as a period of major turmoil for the U.S.…
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Treasury Bill Supply and ON RRP Investment
Gara Afonso, Marco Cipriani, Catherine Huang, Gabriele La Spada, and Sergio Olivas Take-up at the Federal Reserve’s Overnight Reverse Repo…
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FHA First-Time Buyer Homeownership Sustainability: An Update
Donghoon Lee and Joseph Tracy An important part of the mission of the Federal Housing Administration (FHA) is to provide…
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Dropping Like a Stone: ON RRP Take-up in the Second Half of 2023
Gara Afonso, Marco Cipriani, and Gabriele La Spada Take-up at the Overnight Reverse Repo Facility (ON RRP) has halved over…
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