Board of Governors of the Federal Reserve System

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• The Fed - Welfare and Spending Effects of Consumption Stimulus Policies

  income shock (Fagereng, Holm, and Natvik (2021)), we assess the effectiveness

  URL: https://www.federalreserve.gov/econres/feds/welfare-and-spending-effects-of-consumption-stimulus-policies.htm
  



• The Fed - Consumer Spending and Fiscal Consolidation: Evidence from a Housing Tax Experiment

  Income and Wealth (SHIW), we exploit this cross-sectional variation to

  URL: https://www.federalreserve.gov/econres/feds/consumer-spending-and-fiscal-consolidation-evidence-from-a-housing-tax-experiment.htm
  



• The Fed - The Equity Premium, Long-Run Risk, & Optimal Monetary Policy

  income. I show that this channel is generally absent in standard macroeconomic

  URL: https://www.federalreserve.gov/econres/feds/the-equity-premium-long-run-risk-ampamp-optimal-monetary-policy.htm
  



• The Fed - The Sustainability of Health Spending Growth

  income may lead to a significant expansion of public sector financing,

  URL: https://www.federalreserve.gov/econres/feds/the-sustainability-of-health-spending-growth.htm
  



• The Fed - Partial Homeownership: A Quantitative Analysis

  low-income and renting households. 3) PO may reduce systemic risk despite

  URL: https://www.federalreserve.gov/econres/feds/partial-homeownership-a-quantitative-analysis.htm
  



• The Fed - The Macroeconomic Effects of Excess Savings

  income distribution. The model predicts a substantial but steadily waning

  URL: https://www.federalreserve.gov/econres/feds/the-macroeconomic-effects-of-excess-savings.htm
  



• The Fed - A Comparison of Some Basic Monetary Policy Regimes for Open Economies: Implications of Different Degrees of Instrument Adjustment and Wage Presistence

  income, or output plus inflation. Nominal wage persistence may be absent

  URL: https://www.federalreserve.gov/econres/ifdp/a-comparison-of-some-basic-monetary-policy-regimes-for-open-economies-implications-of-different-degrees-of-instrument-adjus.htm
  



• The Fed - Capital Flows, Asset Prices, and the Real Economy: A "China Shock" in the U.S. Real Estate Market

  lower-income residents. Our results highlight the role of foreign real

  URL: https://www.federalreserve.gov/econres/ifdp/capital-flows-asset-prices-and-the-real-economy-a-china-shock-in-the-us-real-estate-market.htm
  



• The Fed - Expected Consumption Growth from Cross-Country Surveys: Implications for Assessing International Capital Markets

  income growth. The empirical evidence strongly supports the latter hypothesis

  URL: https://www.federalreserve.gov/econres/ifdp/expected-consumption-growth-from-cross-country-surveys-implications-for-assessing-international-capital-markets.htm
  



• The Fed - Nominal Wage Rigidities and the Propagation of Monetary Disturbances

  income elasticity of money demand in accounting for output persistence

  URL: https://www.federalreserve.gov/econres/ifdp/nominal-wage-rigidities-and-the-propagation-of-monetary-disturbances.htm
  

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