Board of Governors of the Federal Reserve System

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• The Fed - On the Fragility of Gains from Trade under Continuously Differentiated Bertrand Competition

  including perfect competition. In the last twenty years, trade economists

  URL: https://www.federalreserve.gov/econres/ifdp/on-the-fragility-of-gains-from-trade-under-continuously-differentiated-bertrand-competition.htm
  



• The Fed - Eastern European Export Performance during the Transition

  including heavy machinery -- have grown robustly. Evidence suggests that

  URL: https://www.federalreserve.gov/econres/ifdp/eastern-european-export-performance-during-the-transition.htm
  



• The Fed - Long Memory in Inflation Expectations: Evidence from International Financial Markets

  including inflation-indexed bonds where they are available. The study

  URL: https://www.federalreserve.gov/econres/ifdp/long-memory-in-inflation-expectations-evidence-from-international-financial-markets.htm
  



• The Fed - Regional Patterns in the Law of One Price: The Roles of Geography vs. Currencies

  including data from eight North American cities.) We find that failures

  URL: https://www.federalreserve.gov/econres/ifdp/regional-patterns-in-the-law-of-one-price-the-roles-of-geography-vs-currencies.htm
  



• The Fed - Debt Conversions: Economic Issues for Heavily Indebted Developing Countries

  including: the effect of debt conversions on the structure of debtor countries

  URL: https://www.federalreserve.gov/econres/ifdp/debt-conversions-economic-issues-for-heavily-indebted-developing-countries.htm
  



• The Fed - The Integrated Macroeconomic Accounts of the United States

  including a proposed framework and methodology for breaking out the financial

  URL: https://www.federalreserve.gov/econres/feds/the-integrated-macroeconomic-accounts-of-the-united-states.htm
  



• The Fed - On the Application of Automatic Differentiation to the Likelihood Function for Dynamic General Equilibrium Models

  including maximum likelihood. As one of the first applications of AD in

  URL: https://www.federalreserve.gov/econres/ifdp/on-the-application-of-automatic-differentiation-to-the-likelihood-function-for-dynamic-general-equilibrium-models.htm
  



• The Fed - Monetary Policy in a Forward-Looking Input-Output Economy

  including their robustness to model and shock misperceptions, and parameter

  URL: https://www.federalreserve.gov/econres/feds/monetary-policy-in-a-forward-looking-input-output-economy.htm
  



• The Fed - The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds

  including new data on MMF losses from the U.S. Treasury and the Securities

  URL: https://www.federalreserve.gov/econres/feds/the-minimum-balance-at-risk-a-proposal-to-mitigate-the-systemic-risks-posed-by-money-market-funds.htm
  



• The Fed - Better the Devil You Know: Improved Forecasts from Imperfect Models

  including volatility forecasting, risk management, and yield curve forecasting

  URL: https://www.federalreserve.gov/econres/feds/better-the-devil-you-know-improved-forecasts-from-imperfect-models.htm
  

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