Households are willing to forgo approximately 5–6% of their lifetime consumption to eliminate business cycle fluctuations and around 5% to achieve their desired inflation rate. This amount is higher among consumers whose consumption is more pro-cyclical, those facing greater economic...

Students with stronger reading and math skills tend to perform better in school and earn higher incomes in adulthood. It is concerning, then, that children from low-income backgrounds enter school with weaker skills, on average, than their higher-income peers. Researchers...

The learning rate for EV battery production is 7.5%, meaning costs drop by 7.5% when production experience doubles. Learning by doing enhances EV subsidies’ impact and creates global spillovers.

This week, the Federal Reserve’s Open Market Committee meets to decide whether to adjust interest rates or keep them steady.  What should we expect amid today’s economic and political uncertainty? On this episode of The Pie, Randy Kroszner, former Federal...