A range of tariffs on U.S. imports has been enacted or considered recently. Trade tariffs can potentially affect price ...

Qiana Charles, Vice President and Regional Executive of the SF Fed’s Los Angeles branch, learned more about the Inland Empire's key industries during a recent outreach visit.

Using a two-country monetary union framework with financial frictions, we quantify the efficacy of targeted asset purchases, ...

The fraction of men working in the United States has declined consistently since the 1950s. This has contributed to slower labor force growth and resulted in considerable gaps between labor force ...

Profiles: Google Scholar | RePEc Working Papers Inference for Local Projections 2024-29 | with Inoue and Kuersteiner | August 2024 abstract Inference for impulse responses estimated with local ...

Profiles: Google Scholar | RePEc Working Papers Explaining Stagnation in the College Wage Premium 2025-01 | with Bengali and Zhao | January 2025 abstract After growing substantially during the 1980s ...

We study how changes in the composition of Chinese local government debt influenced bank risk taking, credit allocation, and local productivity. Using confidential loan-level data and a ...

Internal migration has been cited as a key channel by which societies will adapt to climate change. We show in this paper that this process has already been happening in the United States. Over the ...

The personal consumption expenditure price index (PCEPI) is one measure of U.S. inflation, tracking the change in prices of goods and services purchased by consumers throughout the economy. Of all the ...

This paper reviews how productivity has evolved around the world since the pandemic began in 2020. Productivity in many countries has been volatile. We conclude that the broad contours of productivity ...

We document that German inflation-linked government bond yields contain a convenience or safety premium averaging 0.33 percent. Despite that, the German Federal Finance Agency decided to cease all ...

The Phillips curve plays a central role in the macroeconomics literature. However, there is little consensus on the forcing variable that drives inflation in the model, i.e., on the appropriate ...