 | How is Labor Demand Changing as AI Improves? New Global Evidence Release Date:October, 2026 The rapid advance of generative artificial intelligence (AI) has sparked intense debate about its effects on labor markets. We draw on over 700 million online job postings to present new evidence more...
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 | Fiscal-Monetary Interactions: The Role of Debt Maturity : The Role of Debt Maturity Release Date:October, 2026 This paper examines how the maturity structure of sovereign debt shapes fiscal–monetary interactions in the United States. Using exogenous monetary policy shocks and nonlinear local projections, we more...
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 | Fear and Shortages: Identifying Geopolitical Risk and Supply Disruptions in Energy Markets : Identifying Geopolitical Risk and Supply Disruptions in Energy Markets Release Date:October, 2026 This paper proposes a new high-frequency structural vector autoregression model that can disentangle the drivers of oil and natural gas prices in real time. In particular, it separately identifies more...
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 | EU Trade Diversification Through Regional Trade Agreements Release Date:October, 2026 This paper evaluates the effects of the European Union's (EU) regional trade agreements (RTAs) on trade patterns, with a particular focus on diversification. Using a structural gravity model with more...
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 | Intangible Input Complementarities Along Supply Chains Release Date:October, 2026 We study whether buyer-supplier relationships feature complementarities in intangible inputs. Using administrative data from the Dominican Republic, we show that foreign demand routed through more...
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 | Corporate Sector Stress Testing with Endogenous Balance Sheet Dynamics Release Date:October, 2026 This paper presents a stress test framework for nonfinancial corporate (NFC) balance sheets. The model simulates firm income statements and balance sheets conditional on macro-financial scenarios, to more...
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 | The Demographics of Technology Adoption and Productivity Growth Release Date:October, 2026 Young workers adopt new technologies at higher rates than old workers. I develop an overlappinggenerations model linking this lifecycle gradient to technology adoption, wages, and innovation. Using more...
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 | International Stablecoin Flows, Capital Controls and Currency Crises Release Date:October, 2026 This paper constructs a country-level panel of estimated international stablecoin flows, covering 188 countries, totaling $21.4 trillion in gross flows between 2018 and 2025. Activity is more...
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 | Beyond Clearing: Central Counterparties' Investment and Risk Management of Cash from Margin Calls : Central Counterparties' Investment and Risk Management of Cash from Margin Calls Release Date:October, 2026 Central counterparties (CCPs) have become pivotal to financial stability in the post-Global-Financial-Crisis era by mitigating contagion in interconnected markets through the management of more...
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 | Earth Observations and Machine Learning for Gridded Macroeconomic Data Release Date:October, 2026 This paper presents a methodology for downscaling official national and subnational macroeconomic data into high-resolution grids using spatial machine learning techniques. Traditional macroeconomic more...
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