As the global economy weakens and markets grow more volatile, it is hard to imagine a worse time to stop 25% of US federal spending for…
Two distinct questions are of interest. (1) To what extent should the central bank be constrained, versus being allowed full discretion…
This article analyzes the trajectory and causes of the explosion of American corporate CEOs’ compensation relative to that of average…
We examine the pass-through of wholesale prices to retail prices in the market for E85, which contains 51%–83% ethanol, and in the much…
Following the crisis of 2008, several central banks engaged in a new experiment by setting negative policy rates. Using aggregate and bank…
We review the evidence that artificial intelligence (AI) is having a large effect on the economy. Across a variety of statistics—including…
In this paper, we use disaggregated data on regional trade in China to assess the channels through which the country's exports have surged…
Switching from joint to independent taxation of spouses in married couples would reduce marginal tax rates on secondary earners, make the…
Whether man-made or naturally occurring, large-scale disasters can cause fatalities and injuries, devastate property and communities,…
Organized wholesale electricity markets in the United States follow the principles of bid-based, security-constrained, economic dispatch…