Latest Items by Federal Reserve Bank of New York

• Programming Money Without Programmable Money
  Martin, Antoine & Lee, Michael Junho
• Stablecoins vs. Tokenized Deposits: The Narrow Banking Debate Revisited
  Huang, Xuesong & Keister, Todd
• Interest Rate Surprises When the Fed Doesn’t Speak
  Williams, John C. & Miranda-Agrippino, Silvia
• Does the Phillips Curve Steepen When Costs Surge?
  Lenzu, Simone
• Anatomy (not Autopsy) of the Phillips Curve
  Lenzu, Simone
• New York Fed EHIs Reveal Small Business Struggles
  Aarons, Will & Sarkar, Asani
• A New Dataset for Consumer Spending in the New York Fed EHIs
  Pham, Thu & Pierce, Beckett & Chakrabarti, Rajashri & Pinkovskiy, Maxim L.
• Composable Finance
  Lee, Michael Junho
• Understating Rising Quality Means Import Price Inflation Is Overstated
  Lashkari, Danial
• A Few Words for the New Year
  Williams, John C.
• Disability in the Labor Market: Earnings
  Pinkovskiy, Maxim L. & Pham, Thu & Pierce, Beckett & Chakrabarti, Rajashri
• Disability in the Labor Market: Employment and Participation
  Pinkovskiy, Maxim L. & Chakrabarti, Rajashri & Pham, Thu & Pierce, Beckett
• Transformed Intermediation: Credit Risk to NBFIs, Liquidity Risk to Banks
  Acharya, Viral V. & Tuckman, Bruce & Cetorelli, Nicola
• Measuring Labor Market Tightness: Data Update and New Web Feature
  Pearce, Jeremy & Heise, Sebastian & Weber, Jacob P.
• What Can Undermine a Carbon Tax?
  di Giovanni, Julian & Coster, Pierre & Méjean, Isabelle
• What Is a Carbon Tariff and Why Is the EU Imposing One?
  di Giovanni, Julian & Coster, Pierre & Méjean, Isabelle
• Which Entrepreneurs Boost Productivity?
  Alp, Harun & Pearce, Jeremy & Prato, Marta & Akcigit, Ufuk
• Deposit Specialization and Lending Behavior
  Blickle, Kristian S. & Saunders, Anthony & Parlatore, Cecilia
• A New Public Data Source: Call Reports from 1959 to 2025
  Verner, Emil & Correia, Sergio A. & Luck, Stephan & Fermin, Tiffany
• How Do Banks Build Equity Capital?
  Gordon, Lily & Hirtle, Beverly
• Letters of Recommendation in the PhD Job Market: Lessons from Specialized Banks
  Parlatore, Cecilia & Blickle, Kristian S.
• Resilience
  Williams, John C.
• Designing Bank Regulation with Accounting Discretion
  Hachem, Kinda
• Less for You, More for Me: Credit Reallocation and Rationing Under Usury Limits
  Chakrabarti, Rajashri & Morgan, Donald P. & Seltzer, Lee & Garcia, Daniel
• The Future of Payment Infrastructure Could Be Permissionless
  Lee, Michael Junho & Garratt, Rod
• Navigating Geoeconomic Risk: Evidence from U.S. Mutual Funds
  Macchiavelli, Marco & Crosignani, Matteo & Han, Lina
• Economics of Property Insurance
  Jung, Jaehoon (Kyle) & Jung, Hyeyoon
• How Businesses Set Prices—In Their Own Words
  Rich, Robert W. & Van der Klaauw, Wilbert & Bruine de Bruin, Wändi & Dogra, Keshav & Heise, Sebastian & Knotek, Edward S. & Schoenle, Raphael & Topa, Giorgio & Meyer, Brent
• Navigating Unpredictable Terrain
  Williams, John C.
• The U.S. Economy in a Time of Policy and Meta-Policy Change
  Athreya, Kartik B.