Board of Governors of the Federal Reserve System

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• The Fed - Nothing is Certain Except Death and Taxes: The Lack of Policy Uncertainty from Expiring "Temporary" Taxes

  and, therefore, that a routine extension of temporary tax policy is not

  URL: https://www.federalreserve.gov/econres/feds/nothing-is-certain-except-death-and-taxes-the-lack-of-policy-uncertainty-from-expiring-quottemporaryquot-taxes.htm
  



• The Fed - End of an Era: The Coming Long-Run Slowdown in Corporate Profit Growth and Stock Returns

  price-to-earnings multiples. I argue, however, that the boost to profits

  URL: https://www.federalreserve.gov/econres/feds/end-of-an-era-the-coming-long-run-slowdown-in-corporate-profit-growth-and-stock-returns.htm
  



• The Fed - To Cut or Not to Cut? On the Impact of Corporate Taxes on Employment and Income

  Comparing contiguous counties straddling state borders over the period

  URL: https://www.federalreserve.gov/econres/feds/to-cut-or-not-to-cut-on-the-impact-of-corporate-taxes-on-employment-and-income.htm
  



• The Fed - Quasi Maximum Likelihood Estimation and Inference of Large Approximate Dynamic Factor Models via the EM algorithm

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  URL: https://www.federalreserve.gov/econres/feds/quasi-maximum-likelihood-estimation-and-inference-of-large-approximate-dynamic-factor-models-via-the-em-algorithm.htm
  



• The Fed - The Asian Financial Crisis, Uphill Flow of Capital, and Global Imbalances: Evidence from a Micro Study

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  URL: https://www.federalreserve.gov/econres/ifdp/the-asian-financial-crisis-uphill-flow-of-capital-and-global-imbalances-evidence-from-a-micro-study.htm
  



• The Fed - Who Will Join EMU? Impact of the Maastricht Convergence Criteria on Economic Policy Choice and Performance

  and, the political cost to not joining EMU. Moreover, countries follow...and, instead, use policy for stabilization. Concern about such a policy

  URL: https://www.federalreserve.gov/econres/ifdp/who-will-join-emu-impact-of-the-maastricht-convergence-criteria-on-economic-policy-choice-and-performance.htm
  



• Federal Reserve Board - Debt Payments and Spending: Evidence from the 2023 Student Loan Payment Restart, Accessible Data

  the date at which Congress passed legislation blocking President Biden

  URL: https://www.federalreserve.gov/econres/notes/feds-notes/debt-payments-and-spending-evidence-from-the-2023-student-loan-payment-accessible-20250905.htm
  



• The Fed - The scarcity value of Treasury collateral: Repo market effects of security-specific supply and demand factors

  prices, and explains a significant portion of the flow-effects of LSAP

  URL: https://www.federalreserve.gov/econres/feds/the-scarcity-value-of-treasury-collateral-repo-market-effects-of-security-specific-supply-and-demand-factors.htm
  



• The Fed - Why Are Bank Profits So Persistent? The Roles of Product Market Competition, Informational Opacity, and Regional/Macroeconomic Shocks

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  URL: https://www.federalreserve.gov/econres/feds/why-are-bank-profits-so-persistent-the-roles-of-product-market-competition-informational-opacity-and-regionalmacroeconomic.htm
  



• The Fed - The Effects of Bank Capital on Lending: What Do We Know, and What Does it Mean?

  and, in particular, to consider the role of TARP-related capital injections

  URL: https://www.federalreserve.gov/econres/feds/the-effects-of-bank-capital-on-lending-what-do-we-know-and-what-does-it-mean.htm
  

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