FEDS Paper: Spectral backtests unbounded and folded
Michael B. Gordy and Alexander J. McNeilIn the spectral backtesting framework of Gordy and McNeil (2020) a probability measure on...
framework
FEDS Paper: Optimal Monetary Policy with Uncertain Private Sector Foresight
Christopher Gust and David Lopez-SalidoCentral banks operate in a world in which there is substantial uncertainty regarding the transmission of...
Stablecoins Are Coming To Bitcoin’s Lightning Network
The world of financial assets and alternative currencies has officially arrived to Bitcoin. If it wasn’t clear already following the...
IFDP Paper: Tax Heterogeneity and Misallocation
Baris Kaymak and Immo SchottThere is substantial asymmetry in effective corporate income tax rates across firms. While tax asymmetries would...
Here’s the impact of MiCA regulations on the European crypto market
The following is a guest post from Mike Romanenko, CVO and Co-Founder of Kyrrex. The European crypto landscape is on...
Bitcoin Mining Contributing to Massive Electricity Theft in Malaysia: Report
According to a report by a Malaysian news outlet, MalayMail, Bitcoin and crypto mining operations were mostly responsible for the...
‘Memes are the gateway to crypto and blockchain’: SHIB developer Kusama
The pseudonymous lead developers of memecoin Shiba Inu (SHIB), Shytoshi Kusama and Kaal Dhairya, gave their first-ever interview to the...
FEDS Paper: Optimal Design of Contingent Capital
Lionel Melin and Ahyan PanjwaniThis paper proposes a parsimonious framework for designing contingent capital contracts (CoCos). CoCos designed this way...
FEDS Paper: (Re-)Connecting Inflation and the Labor Market: A Tale of Two Curves
Hie Joo Ahn and Jeremy B. RuddWe propose an empirical framework in which shocks to worker reallocation, aggregate activity, and...
The Federal Reserve, Custodia Bank, and the Battle over Sovereignty
IntroductionAs it moves into the active appeal stage at the Tenth Circuit, the ongoing legal battle between Custodia Bank and...
