CLEVELAND, Ohio, Feb. 7 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. WP 26-03) on Feb. 5, 2026 by Sean Bassler, Kevin Rinz, David Wasser and Abigail Wozniak entitled "A Shock by Any Other Name? Reconsidering the Impacts of Local Demand Shocks."

Here is the abstract:

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Over the last decade, research on labor market adjustment following local demand shocks has expanded to explore a wide variety of meas . . .

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