Two complementary papers propose operational and structural reforms to enhance Federal Reserve preparedness for Treasury market disruptions while maintaining a clear separation between financial-stability interventions and monetary-policy easing.

Stablecoins require both prudential regulation (capital and liquidity requirements) and market discipline to address internal liquidity mismanagement and flight-to-safety runs that mirror money market fund dynamics.

A roundtable of economists evaluates whether a serious global debt crisis is possible. Will the vast majority of the economics forecasting profession miss the call as it did in 2008?

Recent research casts doubt on claims of widespread decline in competition in the U.S. economy. Their analysis points to a more nuanced picture of competition dynamics across industries and the role technological change has played in generating concentrated markets.

In recent decades the amount of US debt held by the Federal Reserve through its quantitative easing program rose significantly. Who is buying U.S. treasuries now that the Fed is reducing its holdings?

Do large-scale purchases of government bonds improve welfare? Under what conditions only small purchases can be beneficial?

Can modern corporations self-regulate and undertake a green transition?

…was it a regulatory failure or a fiscal event?

Some housing markets have become frothy. How has COVID affected house prices? Which effects are transitory?

Are incumbent firms acquiring innovative potential entrants just to shut down the entrant’s innovative endeavors?