We study cyclical properties of the net interest margin (NIM) in the US banking sector in the aggregate as well as separately for small and large banks. In the aggregate and among large banks, NIM is countercyclical. Among small banks, however, NIM is procyclical. Further, we find that this...

We use the 2014 and 2018 panels of the Survey of Income and Program Participation to create a schema of earnings that come from employee and non-employee sources. Traditional earnings are from a job or incorporated business, while nontraditional earnings are from an unincorporated business or...

Hurricanes that make landfall cause significant upheaval, with recovery often requiring substantial resources. Appropriately sizing and allocating those resources requires knowledge, not only of the overall effects of a hurricane, but also of the differential effects across impacted areas. We...