Prescriptive View: Three Layers of a Fed Failure
…risks and negative employment effects if it failed. Were these channels identified ex-ante and analyzed for their potential scale? Even more damning is the poor risk management associated with SVB’s…
…risks and negative employment effects if it failed. Were these channels identified ex-ante and analyzed for their potential scale? Even more damning is the poor risk management associated with SVB’s…
…to measure the impact of gas prices on consumers is to compare the two. In order to take the effects of Russia’s invasion of Ukraine out of the picture, in…
…therapy. Dr. Skovronsky of Eli Lilly . . . “Today’s drugs are more effective because they target the biology of disease with few side effects.” Previous drugs to treat diseases…
…harmful health effects in humans and animals.” But what flips me out is that everyone gets preoccupied with the latest new thing and ignores the clear and present danger of…
…wage studies find no job losses or only small disemployment effects. In other words, the vast majority of minimum wage research implies minimum wage policies have unambiguously raised the total…
…“chilling effects” that affect the daily lives of immigrants and their families. The fear generated by increased enforcement can have broader effects that go beyond increasing detentions and deportations. An…
…below reports estimates from the Tax Policy Center of the distributional effects of the expiration of the TCJA provisions.2 Households in the lowest income quintile will pay roughly one-half percent…
…baseline, the effects of supplemental coverage in benchmark calculations can be considered a source of overpayment to MA relative to traditional Medicare. A recent estimate suggests that the effects of…
…mostly a hangover induced by the extreme shocks and after effects of the pandemic and the Russian invasion of the Ukraine. These shocks led to a pronounced “bullwhip effect”—the economy…
…immigration enforcement can extend beyond the direct effects on the immigrants deported and their immediate families. Enforcement generates broader “chilling effects” on immigrant decision-making in a variety of contexts including…