Board of Governors of the Federal Reserve System

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• The Fed - The Cyclical Behavior of Unemployment and Wages under Information Frictions

  new mechanism for sluggish wages based on workers' noisy information about...new hires and pro-cyclicality of the opportunity cost of employment. Calibrated

  URL: https://www.federalreserve.gov/econres/feds/the-cyclical-behavior-of-unemployment-and-wages-under-information-frictions.htm
  



• The Fed - Examining the Impact of Credit Access on Small Firm Survivability

  availability on small firm survivability over the period 2004 to 2008

  URL: https://www.federalreserve.gov/econres/feds/examining-the-impact-of-credit-access-on-small-firm-survivability.htm
  



• The Fed - Reconsidering the Consequences of Worker Displacements: Firm versus Worker Perspective

  has established that displaced workers suffer persistent earnings losses...new methodology to account for the increased separation rates across all

  URL: https://www.federalreserve.gov/econres/feds/reconsidering-the-consequences-of-worker-displacements-firm-versus-worker-perspective.htm
  



• The Fed - The Origins of Aggregate Fluctuations in a Credit Network Economy

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  URL: https://www.federalreserve.gov/econres/feds/the-origins-of-aggregate-fluctuations-in-a-credit-network-economy.htm
  



• The Fed - Taxing Capital? The Importance of How Human Capital is Accumulated

  has no motive to condition taxes on age or tax capital. In contrast, this

  URL: https://www.federalreserve.gov/econres/feds/taxing-capital-the-importance-of-how-human-capital-is-accumulated.htm
  



• The Fed - The Effect of Endogenous Human Capital Accumulation on Optimal Taxation

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  URL: https://www.federalreserve.gov/econres/feds/the-effect-of-endogenous-human-capital-accumulation-on-optimal-taxation.htm
  



• The Fed - Evolving Macroeconomic Perceptions and the Term Structure of Interest Rates

  out-of-sample predictions of future yield movements. Full paper (Screen

  URL: https://www.federalreserve.gov/econres/feds/evolving-macroeconomic-perceptions-and-the-term-structure-of-interest-rates.htm
  



• The Fed - Misallocation Costs of Digging Deeper into the Central Bank Toolkit

  New Keynesian DSGE model. The calibrated model suggests misallocation

  URL: https://www.federalreserve.gov/econres/feds/misallocation-costs-of-digging-deeper-into-the-central-bank-toolkit.htm
  



• The Fed - The Role of Learning for Asset Prices and Business Cycles

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  URL: https://www.federalreserve.gov/econres/feds/the-role-of-learning-for-asset-prices-and-business-cycles.htm
  



• The Fed - Bank Market Power and the Risk Channel of Monetary Policy

  New Keynesian DSGE model. Using a factor-augmented vector autoregression

  URL: https://www.federalreserve.gov/econres/feds/bank-market-power-and-the-risk-channel-of-monetary-policy.htm
  

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