run (02/01/2025)

data/wp_data.csv

@@ -3115,3 +3115,7 @@ The growth effect of EU funds – the role of institutional quality,"Béla Ször
 How Wealth and Age Interact to Affect Entrepreneurship,"Philippe d’Astous, Slava Mikhed, Sahil Raina, Barry Scholnick","We find that additional wealth leads older winners (aged 55 and older) to reduce business ownership and scale. In contrast, additional wealth leads younger winners to increase business ownership and performance. We also show that extra lottery wealth reduces the wage labor supply of both younger and older individuals. Thus, while younger lottery winners reduce wage labor to increase entrepreneurship, older lottery winners reduce both wage labor and entrepreneurship to retire.",https://www.philadelphiafed.org/consumer-finance/how-wealth-and-age-interact-to-affect-entrepreneurship,25-03,January 2025,FED-PHILADELPHIA,01/31/2025
 How Wealth and Age Interact to Affect Entrepreneurship,"Philippe d’Astous, Slava Mikhed, Sahil Raina, Barry Scholnick","We find that additional wealth leads older winners (aged 55 and older) to reduce business ownership and scale. In contrast, additional wealth leads younger winners to increase business ownership and performance. We also show that extra lottery wealth reduces the wage labor supply of both younger and older individuals. Thus, while younger lottery winners reduce wage labor to increase entrepreneurship, older lottery winners reduce both wage labor and entrepreneurship to retire.",https://www.philadelphiafed.org/consumer-finance/how-wealth-and-age-interact-to-affect-entrepreneurship,25-03,January 2025,FED-PHILADELPHIA,01/31/2025
 "The great supply shock and the euro area, viewed through a suite of supply indices","Vincent Labhard, Maria Christine Saliba","This paper examines the great supply shock following the pandemic and the invasion of Ukraine, using a novel suite of supply indices. The suite has indices for the euro area total economy, euro area industries, sectors and countries. The suite also computes the contributions to the indices from supply drivers at origin, in transport, or at destination. The results from the suite show that the supply shock has had wide-spread effects, and that their dynamics have been industry-, sector- and country-specific. Supply conditions have been tighter for longer in the euro area than other areas, in automobile than digital and food industries, in services relative to other sectors, and in some countries than others. The drivers at home appear to account for an increasing share of the specificity at the end of the sample, and a broader data set helps to better capture these drivers. The results also confirm that the supply indices in the suite lag supply shocks and lead variables susceptible to the effects of supply shocks.",https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp3015~8ea9d0b0e0.en.pdf?01e0f68dbaa2db168593b6128f164edb,3015,31 January 2025,ECB,01/31/2025
+Market-Based Indicators on the Road to Ample Reserves,"James A. Clouse, Sebastian Infante, and Zeynep Senyuz","Over time, the Committee intends to maintain securities holdings in amounts needed to implement monetary policy efficiently and effectively in its ample reserves regime. To ensure a smooth transition, the Committee intends to slow and then stop the decline in the size of the balance sheet when reserve balances are somewhat above the level it judges to be consistent with ample reserves.",https://www.federalreserve.gov//econres/notes/feds-notes/market-based-indicators-on-the-road-to-ample-reserves-20250131.html,1017016238071723704,"January 31, 2025",FED-BOARD-NOTES,02/01/2025
+Explaining Stagnation in the College Wage Premium,"Leila Bengali, Robert G. Valletta, Cindy Zhao","After growing substantially during the 1980s through the early 2000s, the college wage premium more recently has been largely unchanged, or stagnant. We extend the canonical production-function model of skill premiums to assess supply and demand contributions to the slowdown in college wage premium, using annual CPS ASEC data from the early 1960s through 2023. To account for the rising importance of women in the college educated workforce, we estimate a hybrid model that incorporates components that are disaggregated by age and gender. We also allow for non-linearities and changes over time in the parameters of the aggregate production function. Our results suggest that the recent stagnation of the college wage premium primarily reflects demand factors, specifically a slowdown in the pace of skill biased technological change.",https://www.frbsf.org/research-and-insights/publications/working-papers/2025/01/explaining-stagnation-in-the-college-wage-premium,2025-01,2025-01-31,FED-SANFRANCISCO,02/01/2025
+Do Inflation Expectations Become More Anchored During a Disinflation Episode? Evidence for Euro Area Firms,"Ursel Baumann, Annalisa Ferrando, Dimitris Georgarakos, Yuriy Gorodnichenko, Timo Reinelt","Does a successful disinflation contribute to the anchoring of inflation expectations? We provide novel survey evidence on the dynamics of euro area firms’ inflation expectations during the disinflation episode since 2022. We show that firms’ short-term inflation expectations declined steadily towards the inflation target as the disinflation progressed. However, we also document a thick tail in longer-term inflation expectations, substantial disagreement about the inflation outlook, and an increased sensitivity of longer-term inflation expectations to short-term inflation expectations. These findings suggest that it may take more time to bring inflation expectations fully in line with central bank objectives.",https://www.frbsf.org/research-and-insights/publications/working-papers/2025/01/do-inflation-expectations-become-more-anchored-during-a-disinflation-episode-evidence-for-euro-area-firms,2025-02,2025-01-31,FED-SANFRANCISCO,02/01/2025
+Trends in Credit Unions' Share of U.S. Private Depository Household Lending,Robert Kurtzman and Hannah Landel,"Private depository institutions play a crucial role in the provisioning of credit in the United States. The two private depository sectors in the Financial Accounts of the United States (the Financial Accounts) serving as the primary lenders to households are U.S.-chartered depository institutions (banks) and credit unions. Credit unions mostly make loans to households, while banks make large shares of their loans to both households and businesses.",https://www.federalreserve.gov//econres/notes/feds-notes/trends-in-credit-unions-share-of-us-private-depository-household-lending-20250131.html,1017016238071723697,"January 31, 2025",FED-BOARD-NOTES,02/01/2025