This paper analyzes the heterogeneous effects of monetary policy on workers with differ- ing levels of labor force attachment. Exploiting variation in labor market tightness across metropolitan areas,...
Mortgage rates rose to their highest level since May 2020 to 3.22% for 30-year-fixed-rate loans, up 3.11% from the week ending December 2021 and 2.65% one year ago which was the lowest on record.
Why U.S. Housing Prices Aren’t as Crazy as You Think
The housing market continues to set new records.The S&P CoreLogic Case-Shiller U.S. National Home Price Index just reported its highest one-year gain in history, up nearly 19% through the end
The Inflation Red Herring by Joseph E. Stiglitz - Project Syndicate
Far from signaling the return of significant inflation, temporary price increases are exactly what one would expect in a recovery following an economic shutdown. Whether those peddling inflation fears are pursuing their own agenda or simply jumping the gun, they should not be heeded.