To understand the possible trajectory of inflation in 2022 and beyond, it is helpful to understand why the United States and Europe had so…
The US economy has not fully recovered, and continued shortfalls in employment and gross domestic product (GDP) warrant continued…
Compared with China's pre-eminent status in world trade, its role in global finance is poorly understood. This paper studies the size,…
This paper employs high frequency transactions data on the world’s oldest and most extensive centralized peer-to-peer Bitcoin market, which…
This paper employs an updated algorithm and database for classifying exchange rate and anchor currency choice, to explore the evolution of…
We study how search and information frictions shape market dynamics in global e-commerce. Observational data and self-collected quality…
Debt in emerging market and developing economies (EMDEs) is at its highest level in half a century. In about nine out of 10 EMDEs, debt is…
Policy Points Policymakers at federal and state agencies, health systems, payers, and providers need rigorous evidence for strategies to…
We examine how much of the overall decline in employment between the beginning of 2020 and 2021 can be explained by excess job loss among…
I discuss the multifaceted economic and financial vulnerabilities that have been created or exacerbated by the COVID-19 pandemic on a…