ECONOMY
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Kartik Athreya on His First Year as Research Director of the New York Fed
A year has passed since Kartik Athreya became director of research at the New York Fed. To get some perspective…
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How Censorship Resistant Are Decentralized Systems?
Jon Durfee and Michael Lee Public permissionless blockchains are designed to be censorship resistant, meaning access to the blockchain is…
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Breaking Down Auto Loan Performance
Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Joelle Scally, and Wilbert van der Klaauw Debt balances continued to rise at a…
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Are First-Time Home Buyers Facing Desperate Times?
Donghoon Lee and Joseph Tracy Based on recent proposals and policy dialogue, it would appear that first-time home buyers (FTB)…
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Discount Window Stigma After the Global Financial Crisis
Olivier Armantier, Marco Cipriani, and Asani Sarkar The rapidity of deposit outflows during the March 2023 banking run highlights the…
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The R&D Puzzle in U.S. Manufacturing Productivity Growth
Danial Lashkari and Jeremy Pearce In a previous post, we provided evidence for a broad-based slowdown in productivity growth across industries…
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Do Payout Restrictions Reduce Bank Risk?
Fulvia Fringuellotti and Thomas Kroen In June 2020, the Federal Reserve issued stringent payout restrictions for the largest banks in…
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Anatomy of the Bank Runs in March 2023
Marco Cipriani, Thomas Eisenbach, and Anna Kovner Runs have plagued the banking system for centuries and returned to prominence with…
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Every Dollar Counts: The Top 5 Liberty Street Economics Posts of 2024
High prices and rising debt put pressure on household budgets this year, so it’s little wonder that the most-read Liberty…
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The New York Fed DSGE Model Forecast—December 2024
Sophia Cho, Marco Del Negro, Ibrahima Diagne, Pranay Gundam, Donggyu Lee, and Brian Pacula This post presents an update of…
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