Board of Governors of the Federal Reserve System

history is locked down in the model. For example, output growth in 2012Q3...history. Consequently, the model re-weights shocks so that negative TFP

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. Observing

month, led by a jump in the output of durable goods and of energy products...months of decline, but it was still below the high attained in February

month; gains in information processing equipment and other equipment offset...month in a row to a level 4-1/2 percent higher than in November 1998.

month. Mining output was unchanged in August, while production at utilities...month, with another large increase in the output of information processing

months of declines, the production of durable consumer goods increased...month this year. The production of industrial equipment, which had increased

month, 6-month, and 1-year through 10-year yields Horizon: There are three...One-Month and Twelve-Month Euro-Dollar Implied Volatilities Series: One-month

twelve-month increase was 3.0 percent. From May to July, capacity utilization...month. The output index for nondurable materials eased for a third month

month, dropped 0.3 percent in September, but the level of output was 2.5...month of broad declines in consumer durable goods helped push the output

months of declines, the production of durable consumer goods increased...month’s decline; for the third quarter, the index for construction supplies