Mary Amiti, Chris Flanagan, Sebastian Heise, and David E. Weinstein Over the course of 2025, the average tariff rate on…
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Tomas Jankauskas Understanding how short- and long-term assets are priced is one of the fundamental questions in finance. The term…
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Ali Hashim, Gizem Kosar, and Wilbert van der Klaauw The rapid spread of generative AI (AI) tools is reshaping the…
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Sophia Cho and John C. Williams Over the past quarter century, the U.S. economy has experienced significant declines in both…
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Bank Failures in the United States, 1863–2024 Source: “Bank Failures: The Roles of Solvency and Liquidity,” Correia, Luck, and Verner…
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Jaison R. Abel, Richard Deitz, and Nick Montalbano After a period of moderating cost increases, businesses faced mounting cost pressures…
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Jaison R. Abel, Richard Deitz, and Nick Montalbano After a period of moderating cost increases, businesses faced mounting cost pressures…
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Hyeyoon Jung and Jaehoon (Kyle) Jung Housing is the largest component of assets held by households in the United States,…
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Hunter L. Clark, Jeffrey B. Dawson, and Julian Gonzalez-Murphy A succession of shocks to the global economy in recent years…
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Adam Copeland and Owen Engbretson The Federal Reserve’s 2022-23 tightening cycle involved the use of two monetary policy tools: changes…