Donggyu Lee, Thomas Drechsel, and Sebastian Doerr The share of income going to high-income households has increased significantly in the…
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Felix Aidala, Daniel Mangrum, and Wilbert van der Klaauw “Buy now, pay later” (BNPL) has become an increasingly popular form…
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William Diamond and Peter Van Tassel This post estimates “convenience yields” for government debt in ten of the G11 currencies…
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Jeff Dawson A perennial challenge with China’s growth model has been overly high investment spending relative to GDP and unusually…
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Jules van Binsbergen, William Diamond, and Peter Van Tassel One of the most fundamental concepts in finance is the notion…