Economy

Mary Amiti, Chris Flanagan, Sebastian Heise, and David E. Weinstein Over the course of 2025, the average tariff rate on…

Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy We are enhancing our set of Economic Heterogeneity Indicators (EHIs)…

Will Aarons and Asani Sarkar The New York Fed’s Economic Heterogeneity Indicators (EHIs) aim to study macroeconomic outcomes experienced by various groups of people and…

Simone Lenzu The relationship between inflation and real economic activity has long been central to debates in macroeconomics and monetary…

Simone Lenzu Inflation does not always respond to cost and demand pressures in the same way. When shocks are small,…

Danial Lashkari It is common for price measures to consider changes in quality. That is, a price index might fall…

Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy Among people in prime working age (25-54), around 7 percent…

Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy In our previous post we learned that, in general, people…

Pierre Coster, Julian di Giovanni, and Isabelle Mejean Several countries have implemented a carbon tax or cap-and-trade system to establish…

Pierre Coster, Julian di Giovanni, and Isabelle Mejean The European Union has been an early adopter of carbon policies, with…