Entries for 'Phillips Curve'
August 14, 2017
We provide some background for the discussion on taxing foreign held income. We document the size and nature of reinvested earnings that US-based firm
August 8, 2017
Since our initial piece, the participation rate has drifted up, a trend that - should it continue - would tend to slow further declines in the unemplo
August 1, 2017
We start to examine why average hourly earnings growth is so low. We show that the degree of dispersion in wage growth across sectors has risen, even
July 14, 2017
We focus on sovereign financing requirements for Euro Area countries. Using data on debt issuance and maturity, Italy stands out among the euro-area c
July 13, 2017
We examine the decline in core PCE inflation, looking at individual components within the inflation basket. We find that the decline can be accounted
June 29, 2017
We examine the labor market "churn" and perform a sensitivity analysis on the US unemployment rate. Factoring in some slowing in hiring and a gradual
June 23, 2017
The Euro zone is a unique opportunity to examine Phillips curves at the country level. We examine for which countries within the Euro zone the Phillip
June 20, 2017
We look at the maturity dimension of central bank asset purchases. We show how the average maturity of central bank bond holdings has been evolving, a
June 16, 2017
Why is Retail Employment Falling so Sharply? We examine whether changing shopping habits can explain large job losses. Our results show that the subs
June 15, 2017
The ECB's ability to extend its purchase program beyond 2017 will be limited by a lack of public-sector debt eligible for purchase under the public-se
June 14, 2017
Mr. Phillips Goes to Washington In the aftermath of the Fed meeting, and following our previous analysis, we show that the Phillips curve plays an im
June 13, 2017
This GMV begins our look at how QE affected balance sheets, by compiling flow of funds data on supply and demand of government bonds as consistently
June 9, 2017
We are able to explain the trajectory of core inflation using a simple list of macro factors - including exchange rate movements, commodity prices and