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In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Retirement and Disability, ...

The small open economy model with incomplete asset markets features a steady state that depends on initial conditions and equilibrium dynamics that possess a random walk component. A number of ...

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, ...

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

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 ...

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 ...

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 ...

The decline in housing affordability over recent decades has promoted an enhanced interest in housing supply. This chapter presents descriptive evidence about the evolution of us housing prices, ...

How good is AI at persuading humans to perform costly actions? We study calls made to get delinquent consumer borrowers to repay. Regression discontinuity and a randomized experiment reveal that AI is ...