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Interactive Research Briefs·May 14, 2024

Return to Office and the Tenure Distribution

Austin Wright, David Van Dijcke, and Florian Gunsilius
Return-to-office (RTO) mandates drive employees away from firms, with senior employees leaving at the highest rates, likely leading to significant...
Topics: COVID-19, Employment & Wages
Research Briefs·May 1, 2024

Access to Credit Reduces the Value of Insurance

Sonia Jaffe, Anup Malani, and Julian Reif
Insurance is less valuable when people can also smooth their spending using loans. Access to a five-year loan decreases the...
Topics: Financial Markets
Research Briefs·Mar 25, 2024

Banks in Space

Ezra Oberfield, Esteban Rossi-Hansberg, Nicholas Trachter, and Derek Wenning
The banking deregulation of the 1980s and 90s provides unique evidence of the way in which banks set up their...
Topics: Financial Markets
Research Briefs·Mar 7, 2024

What Drives Inflation? Lessons from Disaggregated Price Data

Elisa Rubbo
US inflation in the early phases of the COVID pandemic was entirely driven by disruptions in supply and demand across...
Topics: COVID-19, Monetary Policy
Research Briefs·Feb 27, 2024

A Commitment Rule for Insolvency Forum

Anthony J. Casey, Aurelio Gurrea-Martínez, and Robert K. Rasmussen
A new commitment rule regarding forums for international insolvency would not only benefit debtors and creditors, but also society at...
Topics: Financial Markets
Research Briefs·Feb 1, 2024

Quantifying the Social Value of a Universal COVID-19 Vaccine and Incentivizing Its Development

Rachel Glennerster, Thomas Kelly, Claire T. McMahon, and Christopher M. Snyder
A universal COVID-19 vaccine that is effective against existing and future variants could provide the United States population with $1.5–$2.6...
Topics: COVID-19
Research Briefs·Jan 18, 2024

Refinancing Frictions, Mortgage Pricing and Redistribution

Joseph S. Vavra, David W. Berger, Konstantin Milbradt, and Fabrice Tourre
Homebuyers who refinance their mortgages more often end up paying less in the long run than those who rarely refinance....
Topics: Financial Markets
Research Briefs·Jan 17, 2024

Asset Demand of U.S. Households

Xavier Gabaix, Ralph S. J. Koijen, Federico Mainardi, Sangmin Oh, and Motohiro Yogo
New data on households’ portfolios, including ultra-high-net-worth (UHNW) households, indicate that households play a limited role in stabilizing fluctuations in...
Topics: Financial Markets
Research Briefs·Nov 15, 2023

Greater Than the Sum of Its Parts: Aggregate vs. Aggregated Inflation Expectations

Alexander Dietrich, Edward S. Knotek II, Kristian O. Myrseth, Robert W. Rich, Raphael Schoenle, and Michael Weber
A novel measure of consumer inflation expectations that is constructed by combining forecasts from across different categories of consumption is...
Topics: COVID-19