Monetary Policy and Macroeconomic Research
Our monetary policy and macroeconomic research focuses on national and international economic issues.
Substitution between different production inputs is an important mechanism for climate change mitigation.
Forward guidance and large-scale asset purchases effectively offset disinflationary effects from the zero lower bound.
Black men without a college degree have seen especially strong gains in employment and wages during the pandemic recovery.
The value of assets held at the Federal Reserve’s overnight reverse repurchase (ON RRP) facility has dropped by close to 60...
Emerging markets have responded foremost to domestic inflation when raising rates during U.S. tightening cycles.
The Zillow rental price index leads the official U.S. Bureau of Labor Statistics rental dataset by about six to 10 months.
Inflation for food services has outpaced inflation for other services due to labor shortages and a fast rebound in spending.