Trade policy in the United States has been in flux in recent months. A theoretical analysis of recent increases in U.S. tariffs, including potential retaliatory tariffs by other countries, suggests a ...

Financial markets—specifically derivatives—contain information about the range of probable future short-term interest rates. The information from this statistical distribution can help measure the ...

Zero Lower Bound Probabilities at Different Time Horizons uses prices of fixed-income derivatives to create a daily measure of the likelihood that future short-term interest rates will be constrained ...

International trade policies remain in the spotlight given the recent rethink on the benefits of globalization by major economies. Since trade critically affects employment, production, prices and ...

Using the debt and equity response to the release of textual information from earnings calls, we demonstrate that stock and bond investors for the same firm interpret different aspects of firm ...

The initiative emphasizes the social determinants of health and focus on three areas of opportunity: New Resources, New Partners, and New Ideas.

Equity Equivalent Investments FRBSF Community Investments (pdf, 72KB) Beth Lipson, National Community Capital The EQ2 product is a long-term deeply subordinated loan with features that make it ...

A real estate investment trust (REIT) combines the capital of many investors to acquire or provide financing for real estate. A REIT also permits real estate investors to obtain the benefits of a ...

Small Business Investment Companies FRBSF Community Investments (pdf, 62 kb) Lawrence Mondschein, CRA Funding, LLC SBICs are privately-owned venture capital funds licensed by the Small Business ...

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 ...

In its fifth iteration, the Diary of Consumer Payment Choice data show that cash continues to be used extensively for small-value purchases - representing nearly half of all payments under $10 and 42 ...