2025 - Volume 57, Issue 4

The Macroeconomic Expectations of U.S. Managers

ETHAN M.L. McCLURE,  VITALIIA YAREMKO,  OLIVIER COIBION,  YURIY GORODNICHENKO


What Do (and Don't) Forecasters Know About U.S. Inflation?

JANE RYNGAERT


Gross Worker Flows over the Life Cycle

TOMAZ CAJNER,  İLHAN GÜNER,  TOSHIHIKO MUKOYAMA


Countercyclical Capital Buffers: A Cautionary Tale

CHRISTOFFER KOCH,  GARY RICHARDSON,  PATRICK VAN HORN


Caution: Do Not Cross! Distance to Regulatory Capital Buffers and Corporate Lending in a Downturn

CYRIL COUAILLIER,  MARCO LO DUCA,  ALESSIO REGHEZZA,  COSTANZA RODRIGUEZ D'ACRI


Forbearance versus Foreclosure in a General Equilibrium Model

BIANCA BARBARO,  PATRIZIO TIRELLI


Portfolio Selection under Systemic Risk

WEIDONG LIN,  JOSE OLMO,  ABDERRAHIM TAAMOUTI


Determinacy and E-Stability with Interest Rate Rules at the Zero Lower Bound

YUNJONG EO,  NIGEL MCCLUNG


Illiquidity, R&D Investment, and Stock Returns

SHAMIM AHMED,  ZIWEN BU,  XIAOXIA YE


Correspondent Banking, Systemic Risk, and the Panic of 1893

CHRISTOPHER COTTER,  PETER L. ROUSSEAU


The Deflationary Bias of the ZLB and the FED's Strategic Response

ADRIAN PENALVER,  DANIELE SIENA