Board of Governors of the Federal Reserve System

inflation—and asset purchase programs of the kind used during and fol-...for- ward guidance and large-scale asset purchases can help support the

and, subsequently, as the state bank commissioner in Kansas, I saw firsthand...best outcomes for consumers while being sufficiently resilient—is a highly

for young individuals with student loan debt fell relatively more than...compares the changes in homeownership between those with college education

and often are) associated. For example, if the investor withdraws $100

For example, suppose that a particular GSIB's failure would cause twice...price impact associated with the fire-sale liquidation of certain asset

compared with 40 percent in the August survey. Nearly all banks also indicated

best--at least in the immediate future--to formulate any statements in...and, through May, for RPD's), and publication of the targets for M2 and

Compared to the May policy survey, there is less dispersion of policy ...compared to the previous survey. Source: Dealer Policy Survey Middle panel

the real interest rate consistent with output equalling its natural rate...key assumptions underpin our approach, as well as also other studies that

compare the desirability of SLPs in the models with and without the ZLB...for, but remains strictly positive under all parameter values we consider