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What Do Bond Yields Signal about the Economy?
Bond yields are an important economic indicator for investors, even those who don't invest in bonds.
Journal Article
COVID-19: Fiscal Implications and Financial Stability in Developing Countries
The COVID-19 pandemic has been unlike any other crisis that we have experienced in that it hit all economies in the world at the same time, compromising the risk-sharing ability of nations. At the onset of the pandemic, the World Bank (WB) and the International Monetary Fund (IMF) jointly pledged 1.16 trillion U.S. dollars to help emerging economies deal with COVID-19. Would this amount have been enough to preserve financial stability in a worst case scenario, and what were the fiscal implications of the pandemic? In this article we aim to answer these questions by documenting the size of the ...
STEM Skills among Foreign-born Workers in the U.S.
Census data show that college-educated foreign-born workers have a relatively larger presence in STEM occupations than those born in the U.S.
Journal Article
Immigrant Employment Patterns during the Pandemic
Immigrant employment in the U.S. appears to be returning to pre-COVID-19 levels following a disproportionally sharp decline early in the pandemic.
The Arms Trade and Its Bearing on the Russia-Ukraine War
The arms trade links nations through their security interests, and its current patterns may be complicating a political resolution of the Russia-Ukraine war.
Is a Soft Landing Possible? What the Beveridge Curve Reveals
Adjusting the Beveridge curve to exclude the effect of workers switching jobs suggests that the vacancy rate could fall to pre-pandemic levels without causing the U.S. jobless rate to exceed a 2001-23 average.
Bretton Woods and the Growth of the Eurodollar Market
The postwar system of fixed exchange rates forced many countries to impose capital/currency controls. Banks created a loophole with the eurodollar.
Military Expenditures: How Do the Top-Spending Nations Compare?
An analysis looks at how defense spending among the top six nations has changed since 1992, what has driven the changes and what it might mean for future spending.
Journal Article
What Is Driving Unauthorized Immigration to the U.S.?
Unauthorized immigration to the U.S. has risen and fallen over time. What factors are behind a recent increase in southwestern border crossings?
A Look at Recent Refugee Admissions into the U.S. amid COVID-19 Disruptions
The ceiling on the number of refugees eligible to enter the country was sharply increased in fiscal year 2021. Yet COVID-19 hindered their entry.