Benjamin Malin
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View article: Central bank liquidity facilities around the world
Central bank liquidity facilities around the world Open
A core task of central banks is to provide liquidity to banks, with the goal of facilitating monetary policy implementation, ensuring the smooth functioning of the payment system, and promoting financial stability. While central banks arou…
View article: ZeroCAL: Eliminating Carbon Dioxide Emissions from Limestone’s Decomposition to Decarbonize Cement Production
ZeroCAL: Eliminating Carbon Dioxide Emissions from Limestone’s Decomposition to Decarbonize Cement Production Open
Limestone (calcite, CaCO3) is an abundant and cost-effective source of calcium oxide (CaO) for cement and lime production. However, the thermochemical decomposition of limestone (∼800 °C, 1 bar) to produce lime (CaO) results in substantial…
View article: Star Wars at Central Banks
Star Wars at Central Banks Open
We investigate the credibility of central bank research by searching for traces of researcher bias, which is a tendency to use undisclosed analytical procedures that raise measured levels of statistical significance (stars) in artificial w…
View article: Star Wars at Central Banks
Star Wars at Central Banks Open
We investigate the credibility of central bank research by searching for traces of researcher bias, which is a tendency to use undisclosed analytical procedures that raise measured levels of statistical significance (stars) in artificial w…
View article: Collaboration and Female Representation in Academic Fields
Collaboration and Female Representation in Academic Fields Open
We look for empirical evidence using both time-series and cross-sectional data.We begin by noting that academic collaboration, as measured by coauthorship, has risen markedly in recent decades (e.g., Wuchty, Jones, and Uzzi 2007).This incr…
View article: Fiscal implications of the Federal Reserve's balance sheet normalization
Fiscal implications of the Federal Reserve's balance sheet normalization Open
The paper surveys the recent literature on the fiscal implications of central bank balance sheets, with a special focus on political economy issues. It then presents the results of simulations that describe the effects of different scenari…
View article: Fiscal Implications of the Federal Reserve's Balance Sheet Normalization
Fiscal Implications of the Federal Reserve's Balance Sheet Normalization Open
The paper surveys the recent literature on the fiscal implications of central bank balance sheets, with a special focus on political economy issues. It then presents the results of simulations that describe the effects of different scenari…
View article: Fiscal Implications of the Federal Reserve's Balance Sheet Normalization
Fiscal Implications of the Federal Reserve's Balance Sheet Normalization Open
The paper surveys the recent literature on the fiscal implications of central bank balance sheets, with a special focus on political economy issues. It then presents the results of simulations that describe the effects of different scenari…
View article: Replication data for: Resurrecting the Role of the Product Market Wedge in Recessions
Replication data for: Resurrecting the Role of the Product Market Wedge in Recessions Open
Employment and hours are more cyclical than dictated by productivity and consumption. This intratemporal labor wedge can arise from product or labor market distortions. Based on employee wages, the literature has attributed the intratempor…
View article: Fiscal Implications of the Federal Reserve’s Balance Sheet Normalization
Fiscal Implications of the Federal Reserve’s Balance Sheet Normalization Open
This Note summarizes analysis conducted in our recent FEDS working paper that seeks to understand the fiscal implications of the Federal Reserve's balance sheet normalization program.
View article: Resurrecting the Role of the Product Market Wedge in Recessions
Resurrecting the Role of the Product Market Wedge in Recessions Open
Employment and hours appear far more cyclical than dictated by the behavior of productivity and consumption. This puzzle has been called "the labor wedge" — a cyclical intratemporal wedge between the marginal product of labor and the margi…
View article: Informational Rigidities and the Stickiness of Temporary Sales
Informational Rigidities and the Stickiness of Temporary Sales Open
We use unique price data to study how retailers react to underlying cost changes. Temporary sales account for 95% of price changes in our data. Simple models would, therefore, suggest that temporary sales play a central role in price respo…