A variety of Atlanta Fed print, online, and other materials dealing with economic and financial topics. These publications appeal to a wide range of readers, from students and teachers of economics to bankers, businesspeople, and professional economists. http://www.atlantafed.org/rss/ en-us http://www.atlantafed.org/ http://www.atlantafed.org/~/media/Images/assets/image_gallery/frba_logo_rss http://www.atlantafed.org/rss/ https://www.atlantafed.org:443/research/publications/policy-hub/2023/02/27/02--transmission-of-sovereign-risk-to-bank-lending?item=CA4FA097-FB73-4763-A8AA-87A9601CA0B6 CA4FA097-FB73-4763-A8AA-87A9601CA0B6 Mon, 27 Feb 2023 00:00:00 EST Examining the relationship between sovereign risk and bank lending, the authors of this Policy Hub article find that for banks with higher exposure to government securities, a higher sovereign default risk implies lower net worth and tightening financial constraint, which lead to lower credit provision. https://www.atlantafed.org:443/research/publications/wp/2023/02/13/02--diamond-dybvig-and-beyond--on-instability-of-banking?item=B7434BBD-1BF7-47D0-80AC-A109B0F5D5F7 B7434BBD-1BF7-47D0-80AC-A109B0F5D5F7 Mon, 13 Feb 2023 09:30:00 EST Are financial intermediaries inherently unstable? The authors of this working paper address this question using a number of different, but related, models. They consistently find that financial intermediaries are more prone to instability than other types of nonfinancial organizations. https://www.atlantafed.org:443/research/publications/wp/2023/02/09/01--sovereign-risk-and-bank-lending--theory-and-evidence-from-natural-disaster?item=2C6AC82F-030E-46AC-A830-B76EA85F9D8D 2C6AC82F-030E-46AC-A830-B76EA85F9D8D Thu, 09 Feb 2023 09:30:00 EST Examining the relationship between sovereign risk and bank lending, the authors of this working paper find that for banks with higher exposure to government securities, a higher sovereign default risk implies lower net worth and tightening financial constraint, which lead to lower credit provision. https://www.atlantafed.org:443/research/publications/policy-hub/2023/01/11/01--how-us-consumers-without-bank-accounts-make-payments?item=4172378A-770C-4495-9624-27F558302373 4172378A-770C-4495-9624-27F558302373 Wed, 11 Jan 2023 00:00:00 EST People without a bank account face challenges when paying for goods or services. This Policy Hub article uses survey data to look at their participation in the payments system and why some people remain unbanked. https://www.atlantafed.org:443/research/publications/wp/2022/12/20/18--central-bank-digital-currencies--old-tale-w-new-chapter?item=DC94795E-B3C3-482D-830A-B7E6C78BE893 DC94795E-B3C3-482D-830A-B7E6C78BE893 Tue, 20 Dec 2022 09:30:00 EST The authors of this working paper consider the debut of a new monetary instrument, central bank digital currencies. Drawing on examples from monetary history, they argue that a successful monetary transformation must combine microeconomic efficiency with macroeconomic credibility. https://www.atlantafed.org:443/research/publications/wp/2022/11/22/17--can-everyone-tap-into-the-housing-piggy-bank?item=D6800D75-95F0-4EBD-893D-A5A417DD58ED D6800D75-95F0-4EBD-893D-A5A417DD58ED Tue, 22 Nov 2022 12:55:00 EST The authors of this working paper document significant racial disparities in approval rates and financing costs for mortgage equity withdrawal loans and find that underwriting factors such as credit scores and debt-to-income ratios can explain the vast majority of the gaps. https://www.atlantafed.org:443/research/publications/wp/2022/11/07/16--anatomy-of-out-of-sample-forecasting-accuracy?item=43BD0F69-D150-4441-83E0-93CF4FDB38F8 43BD0F69-D150-4441-83E0-93CF4FDB38F8 Mon, 07 Nov 2022 09:30:00 EST The authors of this working paper develop metrics for interpreting time-series prediction models and their out-of-sample forecasting accuracy, and they use them to interpret fitted models that employ large datasets and machine learning to forecast US inflation. https://www.atlantafed.org:443/research/publications/wp/2022/10/20/15--stock-flow-matching-in-us-housing-market?item=CDABD185-11C6-4C40-BF17-FF8FD8C5C621 CDABD185-11C6-4C40-BF17-FF8FD8C5C621 Thu, 20 Oct 2022 09:30:00 EST In 2004 and 2005, US house prices and sales surged. In 2006, a sharp, dramatic downturn triggered the onset of the Great Recession. The authors of this working paper assess how well the stock-flow matching framework explains the housing market performance during this time. https://www.atlantafed.org:443/research/publications/policy-hub/2022/10/18/14--decentralized-finance-defi--transformative-potential-and-associated-risks?item=CB5C7012-F563-4096-860E-4DD7D96E98DC CB5C7012-F563-4096-860E-4DD7D96E98DC Tue, 18 Oct 2022 00:00:00 EST Decentralized finance, or DeFi financial products and services that operate on decentralized platforms using blockchains has the potential to reshape finance. But it also holds considerable risk. This Policy Hub article examines the emerging innovation. https://www.atlantafed.org:443/research/publications/wp/2022/10/06/14--globalization-and-heterogeneity--evidence-from-hollywood?item=0819DF36-7724-4A7F-8E40-9B0DAD9DF92C 0819DF36-7724-4A7F-8E40-9B0DAD9DF92C Thu, 06 Oct 2022 09:30:00 EST International trade allows firms to reach a large customer base, but consumers across markets might prefer different products. The authors of this working paper build a model to study trade when demand is both heterogeneous and volatile across countries and use their model to study the international box office.