The COVID-19 pandemic upended housing markets. This blog post launches an interactive chart that accompanies our research paper on pandemic homebuyers.

Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for ...

11. Several central banks have started using scenarios in their communication with the public, including the Bank of Canada ...

Supply- and Demand-Driven PCE Inflation updates data on the contributions to personal consumption expenditures (PCE) inflation from supply-driven versus demand-driven components. This tool is intended ...

The unemployment rate has risen over half a percentage point since the second quarter of 2023. Individual survey data underlying the unemployment rate can help in assessing which labor market ...

Surveys of professional economic forecasters and financial market data can reveal public perceptions about the future conduct of monetary policy. Current estimates suggest that both professional ...

Published Articles (Refereed Journals and Volumes) Phillips Meets Beveridge Journal of Monetary Economics 148 Supplement (103660), November 2024 | with Shapiro abstract The Phillips curve plays a ...

These are unusual times. The very worst of the pandemic looks to be behind us—a welcome relief. But the impact of COVID and its ongoing threat continue to disrupt and delay the full recovery of the ...

The Congressional Budget Office recently raised its demographic projections for net U.S. immigration. Most of the increase in the projections came from undocumented immigrants. Updating the CBO ...

Employment growth has consistently come in above pre-pandemic estimates of the rate needed for unemployment to stay near its long-run natural rate. Even so, unemployment has held steady, which raises ...

Looking at the top of the red dots, you can see that in the aftermath of pandemic lockdowns, firms posted historically large numbers of job vacancies. Firms were scrambling, if you remember, trying to ...

The results suggest that future changes in climate will increase exposure to extreme heat for outdoor workers in the United States. The number of days above 25°C for these workers rises substantially ...