E61

SANG RAE KIM

This paper studies when a bank is more effective as a supplier of privately produced money-like safe assets (repo, commercial paper), finding that a bank produces safer, more liquid assets when (1) …

BENJAMÍN GARCÍA · ARSENIOS SKAPERDAS

This paper constructs a new measure of political pressure on the Federal Reserve from textual analysis of Fed Chairs’ testimonies at Humphrey-Hawkins congressional hearings, and documents that …

RICHARD DENNIS · TATIANA KIRSANOVA

Layer 1 — Overview Research Question Dennis and Kirsanova ask whether shocks to labor-market matching efficiency and worker bargaining power pose a significant problem for monetary policy, and whether …