Search

Content Types

Topics

JEL Codes

Locations

Departments

Authors

Sources

Statuses

Published After

Published Before

9268 Results

The Macroeconomic Effects of Debt Relief Policies During Recessions

Staff Working Paper 2023-48 Soyoung Lee
A large-scale reduction in mortgage principal can strengthen a recovery, support house prices and lower foreclosures. The nature of the intervention shapes its impact, which rests on how resources are redistributed across households. The availability of bankruptcy on unsecured debt changes the response to large-scale mortgage relief by reducing precautionary savings.

Labour Supply and Firm Size

Staff Working Paper 2023-47 Lin Shao, Faisal Sohail, Emircan Yurdagul
This paper documents a systematic pattern of how wages, hours and their relationship vary across firms of different sizes. Using a model with heterogeneous firms and workers, we show how the interplay between wages, hours and firm size affect worker sorting and inequality.
Content Type(s): Staff research, Staff working papers Topic(s): Firm dynamics, Labour markets JEL Code(s): E, E2, E24, J, J2, J3, J31

International Economic Sanctions and Third-Country Effects

Staff Working Paper 2023-46 Fabio Ghironi, Daisoon Kim, Galip Kemal Ozhan
We study the transmission and third-country effects of international sanctions. A sanctioned country’s losses are mitigated, and the sanctioning country’s losses amplified, if a third country does not join the sanctions, but the third country benefits from not joining.

Frida Adjalala

Frida is a Principal Economist in the International Model Development Division of the International Economic Analysis Department (INT).

Combining Large Numbers of Density Predictions with Bayesian Predictive Synthesis

Staff Working Paper 2023-45 Tony Chernis
I show how to combine large numbers of forecasts using several approaches within the framework of a Bayesian predictive synthesis. I find techniques that choose and combine a handful of forecasts, known as global-local shrinkage priors, perform best.
Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C11, C5, C52, C53, E, E3, E37

A Behavioral New Keynesian Model of a Small Open Economy Under Limited Foresight

Staff Working Paper 2023-44 Seunghoon Na, Yinxi Xie
This paper studies exchange rate dynamics by incorporating bounded rationality, that is, limited foresight, in a small open-economy model. This behavior of limited foresight helps explain several observations and puzzles in the data of exchange rate movements.
Go To Page