In the OTC market for credit default swaps, some investors are more central within the trading network than others.
Diffusion indexes can help summarize survey responses, but they have some limitations.
Perhaps history can be a guide on whether central banks should issue digital currencies.
Even exploring a CBDC without ultimately issuing one can provide significant benefits.
Among the topics covered at the Marvin Goodfriend conference were Fed bond facilities' impact on corporate credit risk and how trade leads to a global Phillips curve.
When immigration is restricted in rural areas, native workers don't seem to fill the jobs left empty.
Commonly used summary statistics for measuring the Black-White wealth gap have significant limitations. Here's a measure to help address these limitations.
Unlike in other recessions, women's labor force participation was impacted more than men's. What impact did child care have?
Based on different sets of reasonable assumptions, we analyze several different scenarios for the future of this critical policy-relevant lever.
Evidence highlights the nuanced ways in which participants in the financial markets may be strategically adapting to climate change.
How did unemployment insurance expansion affect recovery from the pandemic-induced recession? What are the effects of federal minimum wage hikes? A recent research conference addressed these questions and more.
The unemployment rate is close to pre-pandemic lows, and job openings are at record highs. Yet, participation and employment rates are still below pre-pandemic levels.
Consumers who would benefit from lower tariffs on a good tend to matter more when setting trade policy than producers who want higher tariffs.
The recent high inflation had been due to price changes in a small group of expenditures, but that changed a few months ago.
The recent removal of several Russian banks from SWIFT has sparked questions about unintended consequences.
Many firms don't follow inflation closely for setting prices, but the recent high inflation may have some firms taking a closer look.
Remote work options seem to go hand in hand with greater geographic reach in recruitment efforts for some firms.
How the Standing Repo Facility interacts with resolution planning at large banking corporations will depend in part on guidance provided by regulators.
After regulations were implemented, dealer capital commitment, trade frequency and size decreased, while dealer bid-ask spread increased.
Studies suggest that short-term effects of such spending are small and long-term effects depend on an economy's sensitivity to such investment.
News about productivity shocks — even when these shocks have not even happened yet — seems to be a powerful additional source of economic fluctuations.
Is money essential? How do self-interested parties bargain to achieve mutually beneficial outcomes? These were among questions addressed at a recent research conference.
Workers are not fully compensated for their marginal contributions to their employers' revenues, and employers' market power has been increasing since the early 2000s.