Trying to reduce federal budget deficits by increasing the efficiency of federal operations is an appealing idea. However, greater…
Sharply higher borrowing costs, especially for housing, fueled a disconnect between inflation statistics and consumer sentiment
The global economy is projected to expand 3.0 percent in 2023 and 2.8 percent in 2024, a slower pace than the 3.4 percent rate in 2022.…
After growing 3.4 percent in 2022, the global economy is projected to expand 3 percent in 2023 and 2.8 percent in 2024. A soft landing in…
Inflation was quite predictably an outcome of the policies that were being pursued.
This contribution surveys significant contributions technological innovations have made to humans' economic and material welfare, the…
This special issue is a reminder that the world lost a truly remarkable scholar when Martin Weitzman sadly passed away in 2019. Across five…
There have been important methodological changes in the Consumer Price Index (CPI) over time. These distort comparisons of inflation from…
We study how the recent run-up in housing and rental prices affects the outlook for inflation in the USA. Housing held down the overall…
The Federal Reserve seeks to cool an overheated US labor market to ease wage hikes and reduce job vacancies, without a painful spike in…