Eleni Gousgounis, Scott Mixon, Tugkan Tuzun, and Clara VegaWe study the behavior of liquidity providers and liquidity consumers in the 10-year U.S. Treasury futures market during the height of the COVID-19 shock in March 2020, a period of market turmoil when demand for liquidity was high. In March 2020, PTFs reduced their volume of liquidity providing trades as a share of total trading volume.
Believe in your own decision-making. Feodora Chiosea/Getty Images Plus The Little Engine That Could wasn’t the most powerful train, but she believed in herself. The story goes that, as she set off to climb a steep mountain, she repeated: “I think I can, I think I can.”
Believe in your own decision-making. Feodora Chiosea/Getty Images Plus The Little Engine That Could wasn’t the most powerful train, but she believed in herself. The story goes that, as she set off to climb a steep mountain, she repeated: “I think I can, I think I can.”
The American Revolution was a result of the tyranny experienced by colonists under the British monarchy. Many Americans had fled from Europe where they had been persecuted under the rule of powerful monarchs. The government produced by the revolution was designed to ensure no such tyranny could be reproduced in the newly formed United States.
studiocho/ShutterstockIn April 2025, the UK’s Supreme Court issued a landmark ruling in For Women Scotland Ltd v Scottish Ministers, offering long-awaited clarification on how “sex” should be interpreted under the Equality Act 2010. The court ruled that, for the purposes of this legislation, “woman” refers to biological sex, not gender identity.
Companies welcomed a court decision striking down President Trump’s tariffs. Then a stay of that ruling left no one breathing easy.
Jerome H. Powell stressed in his first meeting since the president returned to the White House that policy decisions would be “based solely on careful, objective and nonpolitical analysis.”
We need a dual approach to AI: steer technology in the short term while building new systems for the long term.
How to guide innovative AI efforts to increase labor demand and create better-paying jobs?
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Edward NelsonThis paper examines the place that a "look-through" approach to price shocks has acquired in inflation-targeting frameworks. The "look-through" approach reflects the fact that, in the event of a shock that is likely (on impact) to put a sizable share of consumer prices under upward pressure, one option available to the central bank is to accommodate the initial price rise. In doing so, it can also attempt to ensure that future inflation rates, and inflation expectations, are insulated from the shock.
