Board of Governors of the Federal Reserve System

Treasury securities. The strain it caused was widespread, as families ...pay their bills, meet their expenses, and sustain their daily lives. 1

and others), the shale boom is a large demand shock. A critical element...yields estimates of the causal effect of the shale boom on county employment

Treasury market by Alexandra Tabova and Frank Warnock extends that work...markets can be confident that strains will be eased when these markets

Treasury yield, which had been treading water earlier in the tightening...and/or Treasury securities. The 10-year yield is now back to roughly the

and hence more volatile) measure implies that the focal index will fall...and, given the substantial lags in the monetary transmission mechanism

Treasury securities. The strain it caused was widespread, as families ...pay their bills, meet their expenses, and sustain their daily lives. 1

Treasury securities. The strain it caused was widespread, as families ...pay their bills, meet their expenses, and sustain their daily lives. 1

and, in the case of the current maturity extension program, also to sell...and thus not held by private agents). In light of the central role that

markets (including markets for stocks and bonds), while Keynesian consumers...gap. A policy trade-off emerges whenever fluctuations in (the natural

gap in the future mitigates the declines in inflation and the output gap...setups. Blake, Kirsanova, and Yates (2013) show that, when a persistent