FEDS Paper: Post-Pandemic Price Flexibility in the U.S.: Evidence and Implications for Price Setting Models
Hugh Montag and Daniel Villar
FEDS Paper: From Friedman to Taylor: The Revival of Monetary Policy Rules in the 1990s
Edward NelsonThis paper examines the revival in the analysis of monetary policy rules that took place during the 1990s. The focus is on the role that John Taylor played in this revival. It is argued that Taylor’s role—most notably through his advancing the Taylor rule, developed in 1992−1993 and increasingly permeating discussions in research and policy circles over the subsequent several years—is usefully viewed as one of building bridges.
Want to stay healthier and fulfilled later in life? Try volunteering
New volunteers get trained in Lexington, Ky., to help out at CASA of Lexington in April 2023. AP Photo/Joshua A.
We analyzed racial justice statements from the 500 largest US companies and found that DEI officials really did have an influence
In 2020, American businesses responded to an unprecedented wave of racial justice protests with an equally unprecedented surge in corporate commitments.
We analyzed racial justice statements from the 500 largest US companies and found that DEI officials really did have an influence
In 2020, American businesses responded to an unprecedented wave of racial justice protests with an equally unprecedented surge in corporate commitments.
Losing your job is bad for your health, but there are things you can do to minimize the harm
Losing your job can hurt you in many ways.
FEDS Paper: How Markets Process Macro News: The Importance of Investor Attention
T. Niklas KronerI provide evidence that investors' attention allocation plays a critical role in how financial markets incorporate macroeconomic news. Using intraday data, I document a sharp increase in the market reaction to Consumer Price Index (CPI) releases during the 2021-2023 inflation surge. Bond yields, market-implied inflation expectations, and other asset prices exhibit significantly stronger responses to CPI surprises, while reactions to other macroeconomic announcements remain largely unchanged.
Trump’s tariffs on Canada and Mexico could spell trouble for distilled spirits
If all the tariff drama in the news lately has you reaching for a stiff drink, you’re not alone. Unfortunately, those same tariffs might make it harder to get your hands on your favorite brand of tequila.
With Hooters on the verge of bankruptcy, a psychologist reflects on her time spent studying the servers who work there
Servers told researchers that they were instructed to make their male customers feel special. Brian Brainerd/The Denver Post via Getty ImagesIn 1983, six businessmen got together and opened the first Hooters restaurant in Clearwater, Florida. Hooters of America LLC quickly became a restaurant chain success story.
Macroprudential and monetary policy tightening: more than a double whammy?
We investigate the interaction between monetary and macroprudential policy in affecting banks’ lending and risk-taking behaviour using rich euro area credit registry data and exploiting a unique setting that combined a sharp and unexpected monetary tightening with a wave of macroprudential tightening initiated before.
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