ECONOMY
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Nonbanks Are Growing but Their Growth Is Heavily Supported by Banks
Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman Traditional approaches to financial sector regulation view banks and nonbank financial institutions…
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Deciphering the Disinflation Process – Liberty Street Economics
Sebastian Heise and Ayşegül Şahin U.S. inflation surged in the early post-COVID period, driven by several economic shocks such as…
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The Growing Risk of Spillovers and Spillbacks in the Bank-NBFI Nexus
Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman Nonbank financial institutions (NBFIs) are growing, but banks support that growth via…
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Banks and Nonbanks Are Not Separate, but Interwoven
Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman In our previous post, we documented the significant growth of nonbank financial…
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The New York Fed DSGE Model Forecast—June 2024
Marco Del Negro, Pranay Gundam, Donggyu Lee, Ramya Nallamotu, and Brian Pacula This post presents an update of the economic…
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The Changing Landscape of Corporate Credit
Nina Boyarchenko and Leonardo Elias Firms’ access to credit is a crucial determinant of their investment, employment, and overall growth…
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Veterans in the Labor Market: 2024 Update
Rajashri Chakrabarti, Dan Garcia, and Maxim Pinkovskiy Veterans constitute a significant segment of the male labor force, and understanding labor…
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Taking Stock: Dollar Assets, Gold, and Official Foreign Exchange Reserves
Patrick Douglass, Linda S. Goldberg, and Oliver Z. Hannaoui Editor’s note: Since this post was first published the note on…
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Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond
Kasey Chatterji-Len and Anna Kovner Becoming a PhD economist can provide a fulfilling and financially secure career path. However, getting…
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Can Discount Window Stigma Be Cured?
Olivier Armantier One of the core responsibilities of central banks is to act as “lender of last resort” to the…
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