News at Adelphi

The Misery Index was introduced in the 1970s as a crude measure of economic adversity, adding together the otherwise incommensurable inflation and unemployment rates. In a similar spirit, here we introduce a rudimentary measure of monetary accommodation. Our Fed Accommodation Index is the simple sum of two components. The first is the difference between the…

The outlet published an op-ed/letter by Mariano Torras, PhD, professor and chair of finance and economics.