February 1, 2022
Jill Cetina, Kelly Klemme and Michael A. Perez
Minority depository institutions merit particular attention because of the unique role they play in nurturing economic activity in minority and low- and moderate-income communities.
January 25, 2022
Christopher Cunningham, Jessica Dill, W. Scott Frame, Kristopher Gerardi and Joseph Tracy
Residential real estate prices rose sharply throughout the United States following the onset of COVID-19 in early 2020. While property owners received a capital gains windfall, first-time buyers and renters have struggled with reduced affordability.
January 13, 2022
Jonah Danziger and Anthony Murphy
Did stimulus payments go to—and were they used by—those who needed them the most? The evidence suggests that this was the case.
January 13, 2022
Tyler Atkinson, Evan F. Koenig and Ezra Max
We argue that the policy response to COVID-19 has been broadly on track to date but that continued monetary accommodation (lowering interest rates or purchasing assets) risks fueling excessive inflation.
January 4, 2022
Garrett Golding and Lutz Kilian
High gasoline prices have stimulated interest in what the Biden administration can do to lower the price at the pump.
December 28, 2021
John V. Duca and Anthony Murphy
In the wake of the short but steep COVID-19 recession, house prices have risen at record levels in recent months, hitting the peak increase of 19.3 percent in July 2021.
December 23, 2021
Keith R. Phillips and Judy Teng
Continued growth in the national economy, strong increases in Texas leading indicators and high oil futures prices suggest continued strong job growth for the remainder of the year and into 2022.
December 21, 2021
Michael D. Plante
A large-scale conversion to electric vehicles (EVs), necessary for a successful transition from fossil fuels, has yet to occur despite dramatic improvements in battery costs and performance over the past decade.
November 30, 2021
J. Scott Davis and Eric van Wincoop
The amount of leverage—borrowed funds relative to the value of underlying assets—increases for risky holdings during downturns, motivating their ultimate sale to achieve a more secure financial position. The opposite occurs during upswings, as risky assets gain favor.
November 23, 2021
Lutz Kilian and Xiaoqing Zhou
Predictions of $100 per barrel oil during the coming winter have raised fears of persistently high inflation and rising inflation expectations for years to come. However, quantitative analysis suggests that these concerns have been overstated.