Central banks set policy to support the economy, provide liquidity, and promote financial stability. Modern central banking ...

In this paper we exploit 150 years of tariff policy in the US and abroad to estimate the short-run effects of tariff shocks ...

We document evidence of a U-shaped relationship between financial development and the adjustments of foreign exchange (FX) reserve holdings in response to a U.S. interest rate increase. Countries with ...

This brief updates prior work on homebuying behavior before and after the COVID-19 pandemic. It finds continued declines in ...