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Recent Posts

People create money ‘out of thin air’. Not banks!
March 30, 2020
Who owns the money in your bank account?
June 10, 2019
Where does money come from?
May 1, 2019
What is money? An Australian perspective: Part two
April 8, 2019
What is money? An Australian perspective: Part one
April 1, 2019

Latest Federal Reserve Papers

FEDS 2022-002: A Macroprudential Perspective on the Regulatory Boundaries of U.S. Financial Assets January 14, 2022
FEDS 2022-001: The Federal Reserve's New Framework: Context and Consequences January 13, 2022
IFDP 2021-1333: Non-Linear Employment Effects of Tax Policy December 20, 2021
FEDS 2021-081: Corporate Taxes and the Earnings Distribution: Effects of the Domestic Production Activities Deduction December 17, 2021
FEDS 2021-080: Equilibrium Unemployment: The Role of Discrimination December 17, 2021
FEDS 2021-079: Recourse as Shadow Equity: Evidence from Commercial Real Estate Loans December 17, 2021
FEDS 2021-078: Motivating Banks to Lend? Credit Spillover Effects of the Main Street Lending Program December 17, 2021
FEDS 2021-077: Entry, Variable Markups, and Business Cycles December 2, 2021
FEDS 2021-076: The Smart Money is in Cash? Financial Literacy and Liquid Savings Among U.S. Families November 29, 2021

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