Economy

Sergio Correia, Stephan Luck, and Emil Verner Evidence from a 160-year-long panel of U.S. banks suggests that the ultimate cause…

Sergio Correia, Stephan Luck, and Emil Verner Can bank failures be predicted before they happen? In a previous post, we…

Sergio Correia, Stephan Luck, and Emil Verner Why do banks fail? In a new working paper, we study more than…

Matthew Higgins Rapid GDP growth, due in part to high rates of investment and capital accumulation, has raised China out…

Beverly Hirtle and Anna Kovner Letters of recommendation from faculty advisors play a critical role in the job market for…

Matteo Crosignani, Thomas Eisenbach, and Fulvia Fringuellotti After a period of relative stability, a series of bank failures in 2023…

Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Joelle Scally, and Wilbert van der Klaauw U.S. household debt balances grew by $147…

Adam Copeland and Sarah Yu Wang A central use of reserves held at Federal Reserve Banks (FRBs) is for the…

Gara Afonso, Domenico Giannone, Gabriele La Spada, and John C. Williams As central banks shrink their balance sheets to restore price stability…

Julian di Giovanni, Galina Hale, Neel Lahiri, and Anirban Sanyal While policies to combat climate change are designed to address…