How cycles of shocks and adaptation are the constant of economic history

How cycles of shocks and adaptation are the constant of economic history

There is a bigger political constituency for fiscal consolidation than many think

FEDERAL STATISTICS: Stakeholders Said Jobs Report Generally Meets Their Needs, but Opportunities Exist to Improve Data Quality The Bureau of Labor...

Using new Business Trends and Outlook Survey data, we find AI use prevalent in large firms and knowledge-intensive sectors; augments tasks; labor declines rare.

South Korea nominated Shin Hyun Song as the nation’s next central bank governor, charging the senior Bank for International Settlements official with steering monetary policy at a time of growing unce...

The ability to anticipate recessions and develop appropriate policy responses requires a strong understanding of economic shocks and their macroeconomic impacts. A new typology of 20 types of such sho...

Taking the long view to reap the benefits of economic adaptation

Taking the long view to reap the benefits of economic adaptation

Today marks the 250th anniversary of the publication of Adam Smith‘s An Inquiry into the Nature and Causes of the Wealth of Nations on March 9, 1776. Wealth of Nations remains a remarkable book, not…

A proposal, and response, about the Fed's ample reserves framework.

British-born Thomas Paine helped inspire the 13 English colonies to declare independence and form the United States of America

During and after World War II the architects of the economic institutions of the liberal international order articulated a compelling rationale for the structure and rules of the International Monetar...

US stock valuations are higher than before 1929 Wall Street crash but the dominance of a single sector has precedents

How diversified industries and supply chains produce resilient economies

How diversified industries and supply chains produce resilient economies