This special issue is a reminder that the world lost a truly remarkable scholar when Martin Weitzman sadly passed away in 2019. Across five…
We develop a Bayesian latent factor model of the joint long-run evolution of GDP per capita for 113 countries over the 118 years from 1900…
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…
Debt in emerging markets and developing economies is at its highest level in half a century. In about 9 in 10 emerging markets and…
The Federal Reserve seeks to cool an overheated US labor market to ease wage hikes and reduce job vacancies, without a painful spike in…
This paper describes a weekly economic index (WEI) developed to track the rapid economic developments associated with the onset of and…
China's lending boom to developing countries is morphing into defaults and debt distress. Given the secrecy surrounding China's loans, the…
COVID-19 deepened and accelerated a troubling trend of economic backsliding that had appeared around half a decade earlier. We call this…
Rising real food prices are an exceptionally regressive shock—both within countries as well as across them.