The collapse of America's political center isn't a mystery. What looks like a sudden political crisis is really the result of an economy that's been quietly abandoning ordinary workers for decades.
Hie Joo Ahn and Jeremy RuddThis paper estimates state-level trend unemployment rates (trend U-star) based on the trend components of unemployment inflows and outflows across unemployment durations. The estimated trend U-stars, particularly the portions attributable to long-termunemployment, have levels and dynamics that vary substantially across states.
Ozge Akinci, Sebnem Kalemli-Ozcan, and Albert QueraltoWe study how increased uncertainty about U.S. asset returns affects global asset prices and exchange rates in a two-country model with intermediary balance-sheet constraints. Empirically, uncertainty shocks widen global credit spreads, appreciate the dollar, and increase currency risk premia. In our model, higher uncertainty tightens intermediary constraints and lowers asset prices, reversing the counterfactual asset price increase in frictionless models.
This paper examines whether environmental policy uncertainty undermines clean-technology investment in the United States by weakening policy-induced investment incentives. Using quarterly project-level data on U.S. greenfield investments from 2007Q1 to 2019Q1, combined with novel news-based indices that separately measure environmental policy salience and environmental policy uncertainty, we find that policy uncertainty substantially offsets the positive investment effects of environmental policy.
This paper examines whether environmental policy uncertainty undermines clean-technology investment in the United States by weakening policy-induced investment incentives. Using quarterly project-level data on U.S. greenfield investments from 2007Q1 to 2019Q1, combined with novel news-based indices that separately measure environmental policy salience and environmental policy uncertainty, we find that policy uncertainty substantially offsets the positive investment effects of environmental policy.
The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.
The 2026 revisions by the Bureau of Labor Statistics represent a downward adjustment of just 0.1 percent of the total work force.
Fewer audit and disclosure requirements could reduce costs, but experts say they could also help disguise fraud or financial stress.
To many Americans, the Fed is a big black box, and its decisions remain largely inscrutable. AP Photo/Andrew HarnikThe Federal Reserve – one of the world’s most powerful institutions – affects the U.S. economy in a way that no other part of government can.
A federal investigation and conflict over Israel are preoccupying the United Auto Workers president ahead of a vote that would give him a second term.
