That's Interesting
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Federal Reserve Bank of New York: Economic Policy Review | Special Issue: China in the Global Economy
18th November, 2020The four articles focus on China: recent business cycle trends, China’s potential for high-income status, and how a Chinese growth slowdown may spillback on the United States.
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Artificial Intelligence, Algorithmic Pricing and Collusion
22nd October, 2020Pricing algorithms are increasingly replacing human decision making in real marketplaces. To inform the competition policy debate on possible consequences, we run experiments with pricing algorithms powered by Artificial Intelligence in controlled environments (computer simulations).
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How some older Americans are monetizing their #VanLife
11th October, 2020With large parts of the economy still sputtering under the weight of the coronavirus pandemic, many people are having to scale back. But some older Americans were already living a minimalist lifestyle on the road — and some of them have leveraged their nomadic approach into income.
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The Illusion of Wage Growth
03rd September, 2020Despite a sharp spike in unemployment since March 2020, aggregate wage growth has accelerated. This acceleration has been almost entirely attributable to job losses among low-wage workers. Wage growth for those who remain employed has been flat. This means that, in the wake of the virus, evaluations of the labor market must rely on a dashboard of indicators, rather than any single measure, to paint a complete picture of the losses and the recovery.
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