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Monetary Policy When the Central Bank Shapes Financial-Market Sentiment

[Symposium: Monetary Policy]

By Anil K Kashyap and Jeremy C. Stein

Journal of Economic Perspectives, Winter 2023

Recent research has found that monetary policy works in part by influencing the risk premiums on both traded financial-market securities and intermediated loans. Research has also shown that when risk premiums are compressed, there is an increased likelih...

Risk Appetite and the Risk-Taking Channel of Monetary Policy

[Symposium: Monetary Policy]

By Michael D. Bauer, Ben S. Bernanke, and Eric Milstein

Journal of Economic Perspectives, Winter 2023

Monetary policy affects financial markets and the broader economy in part by changing the risk appetite of investors. This article provides new evidence for this so-called risk-taking channel of monetary policy by revisiting and extending event-study an...

CSWEP Board: Gina Pieters

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Falling wages and discretionary pay-setting practices

[Research Highlight]

February 06, 2023

A decline in the use of standardized pay rates contributed to stagnating wages from the 1970s to the mid-1990s.

Wage Stagnation and the Decline of Standardized Pay Rates, 1974–1991

By Maxim Massenkoff ⓡ Nathan Wilmers

òòò½Íø Journal: Applied Economics, January 2023

Using new establishment-by-occupation microdata, we show that the use of discretionary wage setting significantly expanded in the 1970s and 1980s. Increasingly, wages for blue-collar workers were not standardized by job title or seniority but instead subj...

CSMGEP: Rodney Andrews

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CSMGEP: Monica Garcia-Perez

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CSMGEP: Mary Lopez

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CSMGEP: Gisela Rua

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CSMGEP: Jessica Reyes

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CSMGEP: Joyce Chen

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Antitrust, telemedicine, and carbon emissions

[News]

February 02, 2023

Reading recommendations from Timothy Taylor, managing editor of the Journal of Economic Perspectives.

Richard Cole Campbell on high-speed internet and student achievement

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How much does the introduction of broadband improve student test scores?

Rohen Shah on parental reading time

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Do reminders increase the amount of time parents spend reading to their children?

Front Matter

òòò½Íø Review, June 2005

Foreword

By Avinash K. Dixit

òòò½Íø Review, May 2008

International Organizations

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Learning on the job

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Does working while in school help students transition into the labor market?

Call for papers: The 20th World Congress of the International Economic Association (IEA)

[News]

February 14, 2023

The congress will be held in Medellin, Colombia between December 11-15, 2023.