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    Academic Journals

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• Select Gregory Zuckerman: A shot to save the world: the inside story of the life-or-death race for a COVID-19 vaccine.

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  Gregory Zuckerman: A shot to save the world: the inside story of the life-or-death race for a COVID-19 vaccine.

  Author:Catherine L. TroisiFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20221,951 words Article 1420LPortfolio/Penguin, 2021 In December 2019, infections with a previously unknown virus were reported from Wuhan, China. By March, this virus, subsequently named SARS-CoV-2, had spread around the world. Initial preventive...
• Select Lev Menand: The Fed Unbound: Central Banking in a Time of Crisis.

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  Lev Menand: The Fed Unbound: Central Banking in a Time of Crisis.

  Author:Patrick M. ParkinsonFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20222,187 words Book review 1670LColumbia Global Reports, 2022 Lev Menand's The Fed Unbound is an important and provocative book that deserves to be read by anyone interested in the Fed's role in the financial system and the economy. And everyone...
• Select The great divide: education, despair, and death.

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  The great divide: education, despair, and death.

  Author:Angus DeatonFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20226,007 words Article 1210LAbstract There is a growing gap across many measures between the one-third of the U.S. that has a B.A. degree or higher and the other two-thirds. This is most starkly evident in declining life expectancy for adults in...
• Select Jon Hilsenrath: Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval.

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  Jon Hilsenrath: Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval.

  Author:Charles SteindelFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20221,850 words Book review 1460LHarper Business, 2022 Janet Yellen will go down in history as the first person to have been Chair of the Council of Economic Advisors (CEA), Federal Reserve Chair, and Secretary of the Treasury, as well as being the...
• Select ROC approach to forecasting recessions using daily yield spreads.

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  ROC approach to forecasting recessions using daily yield spreads.

  Authors:Kajal Lahiri and Cheng YangFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20226,479 words Article 1510LAbstract Even though many studies have established the existence of structural breaks and declining predictability in the relationship between GDP growth and yield spreads, business analysts continue to watch for the...
• Select Why I am proud to be an economist.

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  Why I am proud to be an economist.

  Author:David AltigFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20223,607 words Article 1290LAbstract In this essay I argue that the economic way of thinking offers a fundamentally generous, inclusive, and optimistic view of the world. Interpreting the behavior of individuals as resulting from constraints...
• Select Scott Sumner: The money illusion: market monetarism, the great recession, and the future of monetary policy.

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  Scott Sumner: The money illusion: market monetarism, the great recession, and the future of monetary policy.

  Author:Donald KohnFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20223,072 words Article 1660LThe University of Chicago Press, 2021 Money Illusion by Scott Sumner is a comprehensive and timely exposition of Sumner's vision of "market monetarism" as a guide for monetary policy. Market monetarism argues that...
• Select Is this full employment? assessing global labor force dynamics.

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  Is this full employment? assessing global labor force dynamics.

  Author:Dana M. PetersonFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20221,825 words Article 1000LAbstract How do we define full employment? It depends on things such as demographics and the particulars of why or why not people are looking for work. Also, have we achieved full employment when some groups are...
• Select Measuring race in US economic statistics: what do we know?

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  Measuring race in US economic statistics: what do we know?

  Authors:Sonya Ravindranath Waddell, John M. Abowd, Camille Busette, and Mark Hugo LopezFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20227,037 words Article 1220LAbstract This article is an edited transcript of the session of the same name at the 38th Annual NABE Economic Policy Conference: Policy Options for Sustainable and Inclusive Growth. The panelists are experts from...
• Select Subjective inflation expectations of households.

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  Subjective inflation expectations of households.

  Author:Michael WeberFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20223,147 words Report 1680LAbstract Inflation expectations of households and firms are central determinants in all dynamic macro models. Yet, empirical evidence suggests these decision makers form expectations in a way that deviates from the...
• Select Ben S. Bernanke: 21st century monetary policy: the federal reserve from the great inflation to COVID-19.

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  Ben S. Bernanke: 21st century monetary policy: the federal reserve from the great inflation to COVID-19.

  Author:Charles GoodhartFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20222,019 words Article 1390LW.W. Norton & Company, 2022 Over the last four decades since the 1980s, the Federal Reserve System has been privileged to have had a series of excellent Chairs. Ben Bernanke was among the greatest of these; in...
• Select From the Editor.

  12

  From the Editor.

  Author:Charles SteindelFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20221,659 words Editorial 1510LThis issue starts with a speech given by Nobel Laureate Angus Deaton at last year's TEC conference. In the talk, Deaton reiterated the message of his work that he and Anne Case have done on "Deaths of Despair": the...
• Select Nick Timiraos: Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic--And Prevented Economic Disaster.

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  Nick Timiraos: Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic--And Prevented Economic Disaster.

  Author:Ellen E. MeadeFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20222,035 words Book review 1570LLittle, Brown, and Company, 2022 Policymaking in a time of crisis is an exciting sport, replete with intense pressures to make critical decisions with only limited information and amid great uncertainty, often after...
• Select Masaaki Shirakawa: Tumultuous times: central banking in an era of crisis Yale University Press, 2021.

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  Masaaki Shirakawa: Tumultuous times: central banking in an era of crisis Yale University Press, 2021.

  Author:Takeo HoshiFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20222,253 words Article 1490LMr. Masaaki Shirakawa led the Bank of Japan as the governor from April 2008 to March 2013. During his tenure, the bank faced many serious challenges, including the Global Financial Crisis, the European debt crisis, the...
• Select The price elasticity of senior housing demand: is it a necessity or a luxury?

  15

  The price elasticity of senior housing demand: is it a necessity or a luxury?

  Author:Daniel G. LindbergFrom:Business Economics (Vol. 57, Issue 4) Peer-Reviewed

  Dec. 20225,825 words Report 1440LAbstract Senior housing properties provide tailored lifestyle, housing, and personal care services to aging adults. Having emerged from needs-based settings, senior housing is typically viewed as a necessity. As a...