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Surprise changes in US monetary policy rates directly affect asset prices, with a 100-basis point surprise cut resulting in a...

Firms often keep their nominal discount rates constant even in the face of changing inflation expectations. Increases in expected inflation...

In a work summarizing his previous research, the author argues that prices of private digital currencies follow random walks, while...

News about expanded dollar swap lines causes a reduction in liquidity premia, compression of deviations from covered interest parity (CIP),...

Informing companies about opportunities to sell to the government does not increase their participation in public procurement, but enhancing their...

This episode of The Pie features a panel discussion following a talk from Raghuram Rajan, the Katherine Dusak Miller Distinguished...

US inflation in the early phases of the COVID pandemic was entirely driven by disruptions in supply and demand across...

Limitations to fiscal spending in Colombia reduced overspending on public administration without affecting public goods, better aligning spending with voters’...