Board of Governors of the Federal Reserve System

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• LLM on a Budget: Active Knowledge Distillation for Efficient Classification of Large Text Corpora*

  lower accuracy compared to LLMs. A promising approach to bridge this gap

  URL: https://www.federalreserve.gov/econres/feds/files/2025108pap.pdf
  



• Speech by Governor Bowman on community banks rise to the challenge

  For release on delivery 1:40 p.m. EDT (12:40 p.m. CDT) September 30, 2020 Community Banks Rise to the Challenge Remarks by Michelle W. Bowman Member

  URL: https://www.federalreserve.gov/newsevents/speech/files/bowman20200930a.pdf
  



• The Fed - To Find Relative Earnings Gains After the China Shock, Look Upstream and Outside Manufacturing

  lower initial earnings, and are absent among manufacturing workers due

  URL: https://www.federalreserve.gov/econres/ifdp/to-find-relative-earnings-gains-after-the-china-shock-look-upstream-and-outside-manufacturing.htm
  



• The Fed - Revised 2019 Currency Print Order

  lower destruction rates, and changes to circulations patterns of Federal

  URL: https://www.federalreserve.gov/paymentsystems/revised_2019_currency_print_orders.htm
  



• The Fed - Do Self-Insurance and Disability Insurance Prevent Consumption Loss on Disability?

  lower consumption than those without such a condition. Self-insurance

  URL: https://www.federalreserve.gov/econres/feds/do-self-insurance-and-disability-insurance-prevent-consumption-loss-on-disability.htm
  



• The Fed - Efficiency Barriers to the Consolidation of the European Financial Services Industry

  lower average measured efficiency than domestic banks and non-EU-based

  URL: https://www.federalreserve.gov/econres/feds/efficiency-barriers-to-the-consolidation-of-the-european-financial-services-industry.htm
  



• The Fed - Do Liquidity Constraints Matter for New Entrepreneurs?

  lower risk aversion and differences in the types of businesses started

  URL: https://www.federalreserve.gov/econres/feds/do-liquidity-constraints-matter-for-new-entrepreneurs.htm
  



• The Fed - Does Credit Supply Affect Small-Firm Finance?

  lower than firms operating in less open states. Firms in open states also

  URL: https://www.federalreserve.gov/econres/feds/does-credit-supply-affect-small-firm-finance.htm
  



• The Fed - Income Taxes, Compensating Differentials, and Occupational Choice: How Taxes Distort the Wage-Amenity Decision

  lower wages and more non-taxable amenities. We introduce a two-step methodology

  URL: https://www.federalreserve.gov/econres/feds/income-taxes-compensating-differentials-and-occupational-choice-how-taxes-distort-the-wage-amenity-decision.htm
  



• The Fed - What's the Story? A New Perspective on the Value of Economic Forecasts

  lower unemployment, relative to the Greenbook point forecasts. We then

  URL: https://www.federalreserve.gov/econres/feds/whats-the-story-a-new-perspective-on-the-value-of-economic-forecasts.htm
  

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