In this #FEDSPaper, the authors show that although using zip-code median income as a proxy for household income is common in economics, it can mask heterogeneity and yield misleading conclusions: federalreserve.gov/econres/feds/l… (1/3)

New #FEDSPaper: Generative AI at the Crossroads: Light Bulb, Dynamo, or Microscope? federalreserve.gov/econres/feds/g… #EconTwitter

New #FEDSNote: The authors estimate that the additional trade compliance costs under the new tariff actions in 2025, expressed as an ad valorem tariff, can range between 1.4 and 2.5 percent: federalreserve.gov/econres/notes/…

This implies potential annual costs between $39 and $71 billion faced by the manufacturing sector: federalreserve.gov/econres/notes/… #EconTwitter

Recent GDP growth in many economies has looked surprisingly resilient -- despite persistent trade tensions. But how much of that strength is real? 1/n

New #FEDSPaper estimates harmonized population and labor force statistics from the CPS that smooth out the January jumps in the published BLS time series. federalreserve.gov/econres/feds/h… (1/2) #EconTwitter

Harmonized time series (population, unemployment rate, LFPR, etc.) for 1948-2024 and harmonized CPS microdata weights that can be merged into the basic monthly files are posted here. federalreserve.gov/econres/feds/h… (2/2) #EconTwitter