Board of Governors of the Federal Reserve System

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• The Fed - Quasi Maximum Likelihood Estimation and Inference of Large Approximate Dynamic Factor Models via the EM algorithm

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  URL: https://www.federalreserve.gov/econres/feds/quasi-maximum-likelihood-estimation-and-inference-of-large-approximate-dynamic-factor-models-via-the-em-algorithm.htm
  



• The Fed - The COVID-19 Pandemic and Family Economic Well-being: Evidence from the Survey of Consumer Finances

  market and economic activity. We establish connections between family

  URL: https://www.federalreserve.gov/econres/feds/the-covid-19-pandemic-and-family-economic-well-being-evidence-from-the-survey-of-consumer-finances.htm
  



• The Fed - Rising Markups and Declining Business Dynamism: Evidence From the Industry Cross Section

  market power—the average markup—has risen significantly (figure 1, left...market power. Whatever causal negative effect market power (or its determinants

  URL: https://www.federalreserve.gov/econres/notes/feds-notes/rising-markups-and-declining-business-dynamism-evidence-from-the-industry-cross-section-20240308.html
  



• The Fed - May 2026

  market functioning facilitates the transmission of monetary policy, the...markets can efficiently support the flow of credit to households, communities

  URL: https://www.federalreserve.gov/monetarypolicy/May-2026-Federal-Reserve-Balance-Sheet-Developments.htm
  



• The Fed - A Quantitative Reassessment of the Purchasing Power Parity Hypothesis: Evidence From Norway and the United Kingdom

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  URL: https://www.federalreserve.gov/econres/ifdp/a-quantitative-reassessment-of-the-purchasing-power-parity-hypothesis-evidence-from-norway-and-the-united-kingdom.htm
  



• The Fed - Differential Responses to Price and Exchange Rate Influences in the Foreign Trade of Selected Industrial Countries

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  URL: https://www.federalreserve.gov/econres/ifdp/differential-responses-to-price-and-exchange-rate-influences-in-the-foreign-trade-of-selected-industrial-countries.htm
  



• The Fed - The Asian Financial Crisis, Uphill Flow of Capital, and Global Imbalances: Evidence from a Micro Study

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  URL: https://www.federalreserve.gov/econres/ifdp/the-asian-financial-crisis-uphill-flow-of-capital-and-global-imbalances-evidence-from-a-micro-study.htm
  



• The Fed - Equity Prices, Household Wealth, and Consumption Growth in Foreign Industrial Countries: Wealth Effects in the 1990s

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  URL: https://www.federalreserve.gov/econres/ifdp/equity-prices-household-wealth-and-consumption-growth-in-foreign-industrial-countries-wealth-effects-in-the-1990s.htm
  



• The Fed - The Federal Funds Rate and the Implementation of Monetary Policy: Estimating the Federal Reserve's Reaction Function

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  URL: https://www.federalreserve.gov/econres/ifdp/the-federal-funds-rate-and-the-implementation-of-monetary-policy-estimating-the-federal-reserve39s-reaction-function.htm
  



• The Fed - The Road to Adopting the Euro: Monetary Policy and Exchange Rate Regimes in EU Candidate Countries

  market economy, we show that under a fixed or heavily managed exchange

  URL: https://www.federalreserve.gov/econres/ifdp/the-road-to-adopting-the-euro-monetary-policy-and-exchange-rate-regimes-in-eu-candidate-countries.htm
  

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