09/26/2025 | Press release | Archived content
Nikolay Gospodinov ([email protected]) is in the Research Department, Federal Reserve Bank of Atlanta, 1000 Peachtree Street NE, Atlanta, GA 30309-4470. Esfandiar Maasoumi ([email protected]) is in the Emory University Department of Economics, Rich Memorial Building 324, 1602 Fishburne Drive, Atlanta, GA 30322-2240. The views expressed here are those of the authors and do not necessarily reflect those of the Federal Reserve Bank of Atlanta or the Federal Reserve System.
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