Board of Governors of the Federal Reserve System

the deterioration noted in July appears to have continued into late August...the necessary steps will be taken after the freeze. Professor Samuelson

and—for senior homeowners—reverse mortgages. We use data from the New ...1For more than half of households at retirement age (65–69), equity in

yThe author is a sta¤ economist in the Division of International Finance...prices in the later period. Using changes in demographic trends as a source

Pricing Computational Techniques Current Research Topics Private Credit

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for, bank loans to businesses and households over the past three months...prices as important reasons for easing credit policies over the past year

best- preserved paper copies, scanning those copies,1 and then making ...and, at a seasonally adjusted annual rate of 674,000, were only slightly

measures—and nonborrowed reserves in particular—as the operating target...best suited to achieve the FOMC’s objectives. See Rotemberg (2013) and

Key Elements in Draft Liftoff Directive • Adds effective date as day following

The 1/Subsequent to the meeting the Bundesbank announced that in August...compared with a target range of 4-7 percent. RESTRICTED Authorized for