Here’s the research directly from the source, unadulterated by whatever angle the economist is pushing. https://www.newyorkfed.org/research/staff_reports/sr106

Here’s the research directly from the source, unadulterated by whatever angle the economist is pushing. https://www.newyorkfed.org/research/staff_reports/sr1061 https://www.newyorkfed.org/research/staff_reports/sr1061