Jan 18, 2024 | Markets
There are a lot of reasons to feel good about the economy right now. Unemployment is low. Inflation is receding. The supply shocks of the pandemic are in the rear-view. But the positive indicators seem to be weighed down by a malaise. Maybe that’s because of...
Jan 18, 2024 | Markets
Firms remain divided about the value of the office for “office” workers. Some firms think that their employees are more productive when working from home. Others believe that the office is a key place for investing in workers’ skills. In this post, which is based on a...
Jan 11, 2024 | Markets
The foreign exchange market has evolved extensively over time, undergoing important shifts in the types of market participants and the mix of instruments traded, within a trading ecosystem that has become increasingly complex. In this post, we discuss...
Jan 10, 2024 | Markets
In the second quarter of 2022, the homeownership rate for white households was 75 percent, compared to 45 percent for Black households and 48 percent for Hispanic households. One reason for these differences, virtually unchanged in the last few decades, is uneven...
Jan 8, 2024 | Markets
World food commodity prices end in 2023 about 10% below their year-earlier level, with the most notable decrease observed in international sugar quotations. According to the Food and Agriculture Organization of the United Nations (FAO) Food Price Index, the average...
Jan 8, 2024 | Markets
How can we accurately measure changes in living standards over time in the presence of price inflation? In this post, I discuss a novel and simple methodology that uses the cross-sectional relationship between income and household-level inflation to construct accurate...
