Which Countries Could Be Hurt Most by Trump’s Plan to Hit Iran’s Economy?
President Trump has threatened economic penalties on countries that do business with Iran as he seeks to add pressure on Tehran to negotiate an end to the war.
Trump’s Top Trade Representative Details Offer That Canada Rejected
In an interview, Jamieson Greer, President Trump’s trade representative, laid out details of what the United States offered to Canada before talks crumbled.
Trump Announces Move to Lift Ground Beef Tariffs in Bid to Lower Prices
The move prompted blowback from cattle ranchers and Republicans who represent them.
IFDP Paper: Optimal Monetary and Fiscal Policy under Limited Foresight
Martin Bodenstein and Junzhu ZhaoWe investigate Barro's random walk hypothesis according to which distortionary labor taxes should follow a random walk for any stochastic process of government expenditures, see Barro (1979). When agents experience cognitive discounting as in Gabaix (2020), they perceive government debt as wealth, and the random walk result breaks down except for knife-edge combinations of limited rationality by policymakers and the private sector.
Trump’s Economic Threat Puts Focus on Iran’s Trading Partners
President Trump appeared to suggest that the United States would impose economic penalties on countries that do business with Iran, though he did not specify what actions he would take.
FEDS Paper: Beyond the Unemployment Rate: A Structural Labor Market Indicator
Isabel Cairó, Hess Chung, Francesco Ferrante, Cristina Fuentes-Albero, Camilo Morales-Jimenez, and Damjan PfajfarLabor market variables frequently send conflicting signals about the degree of slack or tightness, often co
Why working-class people account for around 1% of lawmakers in the US – and only 2% in the average democracy around the world
Troy Jackson, the Democratic nominee in Maine's U.S. Senate race, greets a supporter on July 25, 2026, in Bangor. AP Photo/Robert F. BukatyBoth major U.S.
Disney+ and Netflix are buying into football – without buying the live action
Sport is the new battleground in the streaming wars. But it’s not action on the field they’re tempting us with.
Banks’ funding structures and pass-through in the euro area
This paper investigates the interest rate pass-through of monetary policy in the euro area by focusing on the role of banks’ funding structures. We estimate the interest rate pass-through for loans to non-financial corporations using bank-level balance sheet data. In doing so, we interact the response of lending rates with characteristics of the funding structure, and show that banks that rely more on bond issuance than on the money market tend to be less responsive to policy changes.
Hidden in the aggregate: the cyclicality of EU labour force participation
We estimate the cyclical response of labour force participation to growth shocks across EU regions. We use a shift-share instrumental variable approach and local projections on EU Labour Force Survey microdata covering 15 countries and 114 regions over 2000–2020. The aggregate labour force participation rate is remarkably resilient, a clear contrast to the highly cyclical participation rate documented for the U.S. However, this resilience masks pronounced demographic heterogeneity.
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