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

The natural rate of interest, also known as r-star, is a key variable for analyzing fiscal and monetary policy. A novel ...

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, ...

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 ...

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 Explaining Stagnation in the College Wage Premium 2025-01 | with Bengali and Zhao | January 2025 abstract After growing substantially during the 1980s ...

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 ...

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 ...

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 examine how the media’s systematic selection of reporting topics influences household responses to inflation news. In a model where households learn about inflation from news coverage, households ...

We examine how the media’s systematic selection of reporting topics influences household responses to inflation news. In a model where households learn about inflation from news coverage, households ...