Previous research has found that state-level election outcomes in U.S. presidential elections display an “income-contingent” pattern: voters in high-income states are influenced by economic factors like inflation, while voters in low-income states are . . .

Using a bank lending channel framework, this study investigates how securitization affects the efficacy of monetary policy. The effectiveness of expansionary and contractionary policies is evaluated separately on the loan growth of banks divided by as . . .

The 2007-2009 financial crisis rendered the Federal Reserve’s primary policy tool, the federal funds rate, ineffective once it reached its lower bound. This gave rise to unconventional monetary policy now known as quantitative easing. This new tool al . . .

The first-time emigration of nearly five million African Americans from the American South between 1940 and 1970 is among the most transformative demographic events in US history. Knowledge of the economic incentives and social mechanisms that drove t . . .