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Monetary Policy

Labor supply, wages and monetary policy

According to new research, contractionary monetary policy decreases wage inequality and increases labor supply!


New and noteworthy books in economics (May)

The four books we have selected for this month address interesting questions: How did economic crashes affect globalization? What are the realistic paths to sustainability? Why the concept of scarcity is historically novel? How does it feel to be a pioneer in economics?

Monetary Policy

Uncertainty about the effects of monetary policy

Why economists are still uncertain about the impact of monetary policies and a new way to measure the costs of disinflation policies.


Are “green” policies inflationary?

New research on how different green transition policies impact price stability and the resulting tradeoffs faced by central banks.


Can AI boost productivity?

Economists are divided on the issue.


Banking deregulation and business credit

What was the impact of the Interstate Banking and Branching Efficiency Act of 1994 on U.S. corporate bankruptcies?


More on the Phillips curve

New research might explain why policymakers underestimated the 2020 surge in inflation in the U.S.


On bank runs and government guarantees

Suggestions on how policymakers can avert bank runs and credit market freezes.


How to measure r*

Should measures of a declining r* rely exclusively on observed yields on long-term government bonds?


Not all is well in India

India is becoming the “friend-shoring” destination of the West, but domestic threats are looming.

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