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This paper combines new data and a narrative approach to identify shocks to political pressure on the Federal Reserve. From archival records, I build a data set of personal interactions between U.S. Presidents and Fed officials between 1933 and 2016. Since personal interactions do not...
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.S. earnings (from the Current Population Survey), consumption, and financial income (both from the Consumer Expenditure Survey … individuals out of unemployment. There is a weakly positive effect on consumption inequality and no effect on financial income …
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