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New Study Shows Unpredictable Effects of Monetary Policy Intervention

A new paper by New York University Assistant Professor of Finance Johannes Stroebel and University of Chicago Assistant Professor of Economics Joseph Vavra explores the relationship between home and retail prices. In their paper, “House Prices, Local Demand, and Retail Prices,” the authors find a strong positive correlation between retail and housing. Between 2001 and 2006, home prices skyrocketed during the housing bubble. During that period, retail prices also increased. Attempting to...

Government Employees Sheltered from Economic Storms, Study Finds

A new study published by the National Bureau of Economic Research finds public sector employees generally enjoy greater job security than private sector employees, especially during recessions and other economic downturns. The study’s authors, Jason Kopelman and Princeton University Professor of Economics and Business Policy Harvey Rosen, examined 22 years of employment data from the United States Census Bureau’s Current Population Survey, seeking to identify differences in how the public and...

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