Board of Governors of the Federal Reserve System

and the deviations from efficiency stem primarily from relative price ...key determinant of the potential benefit of stabilization policy. Keywords

Prices Technological Change and Growth Prices Job Role: All Economists...Prices and Wages Research and Statistics K Matthew T. Klepacz Principal

key challenge in pursuing this goal is the ability to measure such shocks...key identification challenge. In this note, we describe an approach that

key element of the New-Keynesian macroeconomic model and is critical in...for $$ k = 1, \ldots, K +1 $$) is: $$$$ \pi_{it} = \alpha_{i} + \gamma

for the same horizon as the forward rate contract). This way of defining...comparing the levels of term premiums, it may be worthwhile to keep in

best outcomes for consumers while being sufficiently resilient—is a highly...key drivers of a significant p

price shocks has acquired in inflation-targeting frameworks. The "look-through...key aspects of the "look-through" approach were aired in U.S. public discourse

prices. Asymmetric Information and Financial Instability We can better

The bank holding company and savings association capital rules will also...and/or measurement systems; policies for hedging and/or mitigating risk

Prices Price pressures increased since the last report but remained modest...compared with our prior report. Price growth picked up but remained modest