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This paper employs an updated algorithm and database for classifying exchange rate and anchor currency choice, to explore the evolution of the global exchange rate system, including parallel rates, ...

Behavioral finance argues that some financial phenomena can plausibly be understood using models in which some agents are not fully rational. The field has two building blocks: limits to arbitrage, ...

Dean Corbae, 40th Annual Conference on Macroeconomics "Credit Scores and Inequality Across the Life Cycle" April 11, 2025. Share ...

Cecilia Rouse, president of the Brookings Institution and a professor at Princeton University, who chaired the Council... 2024 Methods Lecture, Susan Athey, "Analysis and Design of Multi-Armed Bandit ...

Kristin Forbes, 40th Annual Conference on Macroeconomics "Tradeoffs and Sacrifice over Rate Cycles: Activity, Inflation and the Price Level" ...

2025, Panel Discussion, 40th Annual Conference on Macroeconomics "The Steep Decline in Global Fertility: Causes and Consequences" ...

The period after the Global Financial Crisis (GFC) was characterized by a considerable risk migration within global liquidity flows, away from cross-border bank lending towards international bond ...

Using limitations to the deductibility of interest payments triggered by the introduction of interest ceiling rules globally, we show that affected private firms reduce leverage relative to unaffected ...

This paper examines partisanship in public perceptions of the Federal Reserve. In all years from 2001 through 2023, trust in the Federal Reserve was highest for respondents of the same party as the ...