Marco Graziano, Marius Koechlin, and Andreas TischbirekWe study the spillovers of large-scale asset purchases (LSAPs) in the U.S. on financial intermediation in the euro area using bank-level supervisory data and high-frequency identified policy surprises. Our detailed panel data permit us to trace the impact of LSAPs through bank balance sheets.
Marcos Mac MullenI study the international transmission of fiscal policy and its impact on the real exchange rate (RER) and net exports. I document that periods of high government debt are strongly associated with a depreciated RER and subsequent increases in net exports. I present causal evidence that debt-financed fiscal expansions transmit primarily through deviations from uncovered interest parity, leading to a depreciated RER and increases in net exports over time.
Dan Cao, Henry Hyatt, Toshihiko Mukoyama, and Erick SagerSince the 1990s, the Bureau of Labor Statistics (BLS) has reported much more rapid growth in U.S. private sector employer establishments than has the Census Bureau – the gap reached roughly 1.6 million by 2023. Using linked BLS-Census microdata, we document two main drivers. First, a large and growing number of employers providing services to the elderly and persons with disabilities are in scope for the BLS frame but not the Census Bureau’s.
Deed fraud victim Kim Page sits on her front steps in Detroit on June 12, 2026. Nic Antaya/The Conversation, CC BY-NDBuying her first home on Detroit’s far east side in 2021 was the moment when a lifelong dream finally came within reach for Kim Page.
Junette Thomas, a retired nurse, puts away food delivered by Meals on Wheels South Florida.
ExxonMobil CEO Lee Raymond, left, and other oil company heads testify about energy pricing and profits at a Congressional hearing in November 2005.
Greece's travel balance recorded a surplus of 735.9 million euros in April, compared to 409.6 million euros in March, according to data released by the Bank of Greece (BoG) on Monday.
Proposed regulations would no longer restrict holdings by individuals and companies
I’ve got my eye on you, laddie
US private credit group goes public with latest 625p-a-share offer after airline’s board refuses to engage
