Board of Governors of the Federal Reserve System

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• The Fed - Trend Inflation in Advanced Economies

  gap--defined as the difference between trend and observed inflation--are...gaps are serially uncorrelated. This specification also makes our estimates

  URL: https://www.federalreserve.gov/econres/feds/trend-inflation-in-advanced-economies.htm
  



• FRB: Testimony, Greenspan -- Humphrey-Hawkins -- February 17, 2000

  wealth eventually is reflected in increased consumer purchases. The sharp...wealth effect on household purchases. Moreover, higher stock prices, by

  URL: https://www.federalreserve.gov/boarddocs/hh/2000/february/testimony.htm
  



• FRB: Testimony, Greenspan -- Humphrey-Hawkins -- February 17, 2000

  wealth eventually is reflected in increased consumer purchases. The sharp...wealth effect on household purchases. Moreover, higher stock prices, by

  URL: https://www.federalreserve.gov/boarddocs/hh/2000/February/Testimony.htm
  



• FRB: Testimony, Greenspan -- Monetary policy and the economic outlook -- April 17, 2002

  wealth relative to income has dropped from a peak multiple of about 6.3...wealth is an important determinant of spending, explaining about one-fifth

  URL: https://www.federalreserve.gov/boarddocs/testimony/2002/20020417/default.htm
  



• The Fed - The Pandemic's Early Effects on Consumers and Communities

  racial and ethnic minorities, have been particularly hard hit. The Federal

  URL: https://www.federalreserve.gov/publications/2020-November-consumer-community-context.htm
  



• FRB: FOMC Minutes, December 13, 2011

  wealth of households decreased in the third quarter. Nonetheless, overall

  URL: https://www.federalreserve.gov/monetarypolicy/fomcminutes20111213.htm
  



• Federal Reserve Board - Announcements

  Racial and Ethnic Disparities in the Survey of Consumer Finances.

  URL: https://www.federalreserve.gov/econres/scf-announcements.htm
  



• The Fed - Some Implications of Uncertainty and Misperception for Monetary Policy

  gap is typically beneficial, even if that gap is mismeasured. Even when

  URL: https://www.federalreserve.gov/econres/feds/some-implications-of-uncertainty-and-misperception-for-monetary-policy.htm
  



• The Fed - Cyclically Adjusted Current Account Balances

  gap. Two of the estimates are derived from equations linking trade to ...gap differentials. The main result is that the bulk of the reduction in

  URL: https://www.federalreserve.gov/econres/ifdp/cyclically-adjusted-current-account-balances.htm
  



• The Fed - Optimal Monetary Policy with Distinct Core and Headline Inflation Rates

  gap, but also by a wide array of "dual mandate" policies that are not ...gap. Related Materials: Technical Appendix (PDF), The appendix shows how

  URL: https://www.federalreserve.gov/econres/ifdp/optimal-monetary-policy-with-distinct-core-and-headline-inflation-rates.htm
  

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