Board of Governors of the Federal Reserve System

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• The Fed - Common Stochastic Trends, Common Cycles, and Asymmetry in Economic Fluctuations

  U.S. business cycle dynamics: (1) Infrequent negative permanent shocks

  URL: https://www.federalreserve.gov/econres/ifdp/common-stochastic-trends-common-cycles-and-asymmetry-in-economic-fluctuations.htm
  



• The Fed - Fiscal Federalism and European Integration: Implications for Fiscal and Monetary Policies

  s unique historical path may suggest some interesting new departures in

  URL: https://www.federalreserve.gov/econres/ifdp/fiscal-federalism-and-european-integration-implications-for-fiscal-and-monetary-policies.htm
  



• The Fed - Relative Wealth Concerns, Executive Compensation, and Systemic Risk-Taking

  s satisfaction with his own compensation depends on the compensation of

  URL: https://www.federalreserve.gov/econres/ifdp/relative-wealth-concerns-executive-compensation-and-systemic-risk-taking.htm
  



• The Fed - Testing for Cointegration Using the Johansen Methodology when Variables are Near-Integrated

  s), although it is still substantially larger than the nominal size. Full

  URL: https://www.federalreserve.gov/econres/ifdp/testing-for-cointegration-using-the-johansen-methodology-when-variables-are-near-integrated.htm
  



• The Fed - The Dollar as an Official Reserve Currency Under EMU

  1980s, the contributions of country-specific factors appear to swamp the

  URL: https://www.federalreserve.gov/econres/ifdp/the-dollar-as-an-official-reserve-currency-under-emu.htm
  



• The Fed - To What Extent Will the Banking Industry be Globalized? A Study of Bank Nationality and Reach in 20 European Nations

  s host nation, its home nation, or a third nation) and bank reach (a global

  URL: https://www.federalreserve.gov/econres/ifdp/to-what-extent-will-the-banking-industry-be-globalized-a-study-of-bank-nationality-and-reach-in-20-european-nations.htm
  



• The Fed - Inflation Dynamics

  U.S. data well. I examine the robustness of their estimates along two

  URL: https://www.federalreserve.gov/econres/ifdp/inflation-dynamics.htm
  



• The Fed - Permanent and Transitory Components of Business Cycles: Their Relative Importance and Dynamic Relationship

  U.S. recessions in an empirical model allowing for business cycle asymmetry

  URL: https://www.federalreserve.gov/econres/ifdp/permanent-and-transitory-components-of-business-cycles-their-relative-importance-and-dynamic-relationship.htm
  



• The Fed - Long-Term Evidence on the Tobin and Fisher Effects: A New Approach

  U.S. data, that in the long run the effect of inflation on investment

  URL: https://www.federalreserve.gov/econres/ifdp/long-term-evidence-on-the-tobin-and-fisher-effects-a-new-approach.htm
  



• The Fed - Money, Politics, and the Post-War Business Cycle

  S. Irons Abstract: While macroeconometricians continue to dispute the

  URL: https://www.federalreserve.gov/econres/ifdp/money-politics-and-the-post-war-business-cycle.htm
  

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