Research Working Papers
Working papers cover a wide range of economic topics, including monetary policy, payment methods, banking and more.
Encouraging savings in debtor economies can help balance their current accounts while raising wages globally.
Fiscal and monetary policies likely contributed to the persistent rise in inflation during the post-pandemic period.
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.
We find local large language models useful in analyzing bank earnings calls after the banking stress of early 2023.
Consumers’ misperception of labels alters sellers’ strategic responses and can increase quality and total welfare in food markets.
Economic benefits of legal recreational marijuana are broadly distributed, while costs are more concentrated among individuals.