What Are the Long-run Trade-offs of Rent-Control Policies?
Hogan, Marie; Owyang, Michael T. (2024-02-12)
While rent-control policies can mean more affordable housing for some, research shows they can also lead to a decline in the supply and quality of rental housing.
On the Economy

AI and Productivity Growth: Evidence from Historical Developments in Other Technologies
Kalyani, Aakash; Hogan, Marie (2024-04-04)
An analysis of the diffusion of PCs, smart devices, cloud computing and 3D printing suggests that AI may spread in a pattern similar to those of PCs and cloud computing.
On the Economy

Recent Trends in Banks’ Commercial Real Estate Exposure
Faria-e-Castro, Miguel; Hogan, Marie; Jordan-Wood, Samuel (2024-07-11)
U.S. bank holding companies that have the largest exposure to commercial real estate share some common characteristics. Our blog post explains.
On the Economy

“Bought on Behalf” vs. “Purchased by”: What Counts for Inflation?
Dupor, Bill; Hogan, Marie (2024-08-27)
Goods and services bought on behalf of consumers, such as health care, are weighted differently in the consumer price index and the personal consumption expenditures price index.
On the Economy

Working Paper
A High-Frequency Measure of Income Inequality
Hogan, Marie; Jackson, Laura E.; Owyang, Michael T. (2024-08-30)
To identify shocks in VARs using short-run sign or exclusion restrictions, the highest-frequency data possible is usually preferred. For income inequality, there is tension between high frequency and high quality. Annual datasets that survey large numbers of people provide high-quality estimates of income. Higher frequency surveys generally provide a sparser sampling of individual income. Some previous studies have used the the higher frequency data, presumably to match the frequency necessary to identify the shock. Using data obtained from the higher frequency, lower respondant surveys might ...
Working Papers , Paper 2024-021

Job Quits, New-Business Applications and the Postpandemic Pace of U.S. Business Formation
Owyang, Michael T.; Hogan, Marie (2024-08-05)
This analysis examines the relationship between job quits and new business applications since the emergence of COVID-19 and its implications for U.S. business formation.
On the Economy