Households differ considerably in terms of the inflation they experience at any point in time. The main reasons for this are that prices (and thus price changes) differ from place to place and that households do not all buy the same products. Households adjust their purchases over time, but not enough to offset these differences.
Sensitivity of investment and valuation to drug price indices and market conditions
Increasing evidence that the IRA is probably not harming pharmaceutical innovation.
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Dr. Phillip Alvelda tells INET’s Lynn Parramore about persistent political and public health failures exposing us to devastating diseases, while vastly underestimating their long-term health effects.
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We need collective action and social movements to bring about change, but where is our sense of community and shared identity?
The McKinsey report's highlighting of an extremely high job vacancy ratio in recent years does not reflect the true state of the U.S. labor market.
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The concentration of innovation in a handful of urban centers engenders large and persistent regional disparities in economic opportunity.
New technologies appear to yield long-lasting benefits for the pioneer locations where they were originally developed.
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How can we understand the bright and dark sides of China's gilded rise? Through the lens of American history.
Large-scale asset purchases can impact the price of securities either directly, when securities are targeted by the central bank, or indirectly through portfolio rebalancing by private investors. We quantify both the direct impact and that of portfolio rebalancing, emphasising the role of investor heterogeneity. We use proprietary security-level data on asset holdings of different investors. We measure the direct impact at security level, finding that it is smaller for securities predominantly held by more price-elastic investors, i.e. funds and banks.
