Board of Governors of the Federal Reserve System

and, more generally, the public interest. The Federal Reserve ■ conducts...and, as such, include some amounts that are based on management judgments

yields in advanced economies increased moderately, in part reflecting ...policies. U.S. bond yields rose to a smaller degree, and the value of

yields, equity premia, or expected dividends). We also consider the information...policy shock inducing higher yields, higher equity premia, or lower expected

yields Accessible Version | Return to text Note: The German yield is used...policy has tightened and concerns about global growth have risen, the

and, more generally, the public interest. The Federal Reserve ■ conducts...and, as such, include some amounts that are based on management judgments

policy accommodation provided by the Federal Reserve. Yields on Treasury...concerns about the persisting fiscal problems in Europe--weighed on market

policies in many countries had been eased aggressively. Fiscal policy-...fiscal policies and a powerful inventory cycle, helped by a recovery in

Treasury yields up a little. Market participants pointed to a range of...concerns about the outlook for trade policy both in the United States

Fiscal and Monetary Policy When Money is Essential S. Boragan Aruoba and...fiscal and monetary policy in an environment where explicit frictions

Policy Rules, Information, and Fiscal Effects in a "Ricardian" Model Eric...fiscal effects to monetary policy. I demonstrate that simple monetary