Board of Governors of the Federal Reserve System

the leading edge of the baby-boom generation will reach 62, the earliest...for example, the extent to which longer life expectancies among the elderly

key for effective transmission of monetary policy to the economy. To fulfill...lower-for-longer policy that could provide accommodation in the presence

price of those goods, increasing the production cost for U.S. firms as...rest-of-the-world (ROW) entity modeled as one aggregate block.3 The model

pricing models—are special cases of stochastic money-in-the-utility-function...asset-pricing literature. 3Deterministic money-in-the-utility-function

prices had been appreciably larger thus far in 1993 than in the second...prices of finished energy goods in March and in the prices of finished

best, and work best in specific contexts? Are off-the-shelf tools appropriate...supply-management-news-and-reports/reports/ ism-report-on-business/).

And, as with all rule changes by government, we are likely to find it ...and the Board's view is that we need not--have to make today as sweeping

key U.S. variables, including the trade deficit. The FRB/Global model ...compared with 0.5 percent over 1973-1996. On the basis of these data,

compared to the business debt-to-GDP ratio (figure 2.2). Table 2.1. Outstanding...Key indicators point to little change in business debt vulnerabilities

Key 2023 Accomplishments ................................................best fulfill the Fed- eral Reserve’s congressional mandates. The Board