Board of Governors of the Federal Reserve System

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• The Fed - Balance-Sheet Households and Fiscal Stimulus: Lessons from the Payroll Tax Cut and Its Expiration

  response of a significant fraction of households to fiscal stimulus following...response to the temporary tax cut, and outnumber "constrained households

  URL: https://www.federalreserve.gov/econres/feds/balance-sheet-households-and-fiscal-stimulus-lessons-from-the-payroll-tax-cut-and-its-expiration.htm
  



• The Fed - Goods-Market Frictions and International Trade

  responses to adjustments in tariffs by around 85 percent. Lastly, increasing...response decomposition. Column (1) presents the response without search

  URL: https://www.federalreserve.gov/econres/notes/feds-notes/goods-market-frictions-and-international-trade-20200117.html
  



• Federal Reserve Board - Country-Specific Effects of Euro-Area Monetary Policy: The Role of Sectoral Differences, Accessible Data

  Response of GDP Growth Response of GDP Growth - Upper Bound of Confidence...Response of Value-added Growth in Services Response of Value-added Growth

  URL: https://www.federalreserve.gov/econres/notes/feds-notes/country-specific-effects-of-euro-area-monetary-policy-the-role-of-sectoral-differences-accessible-20241112.htm
  



• Federal Reserve Board - Elevated Option-Implied Interest Rate Volatility and Downside Risks to Economic Activity, Accessible Data

  Crisis. While it has fallen back modestly in recent months, this measure

  URL: https://www.federalreserve.gov/econres/notes/feds-notes/elevated-option-implied-pinterest-rate-volatility-and-downside-risks-to-economic-activity-accessible-20231222.htm
  



• The Fed - The Fragility of Discretionary Liquidity Provision--Lessons from the Collapse of the Auction Rate Securities Market

  crisis, financial fragility, market microstructure, municipal bond pricing

  URL: https://www.federalreserve.gov/econres/feds/the-fragility-of-discretionary-liquidity-provision-lessons-from-the-collapse-of-the-auction-rate-securities-market.htm
  



• The Fed - Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach

  crisis; in contrast, estimates of inflation accuracy have changed little

  URL: https://www.federalreserve.gov/econres/feds/gauging-the-uncertainty-of-the-economic-outlook-using-historical-forecasting-errors-the-federal-reserves-approach.htm
  



• The Fed - Employment effects of unconventional monetary policy: Evidence from QE

  Crisis, Quantitative Easing, Real Effects, Unconventional Monetary Policy

  URL: https://www.federalreserve.gov/econres/feds/employment-effects-of-unconventional-monetary-policy-evidence-from-qe.htm
  



• The Fed - GSEs, Mortgage Rates, and Secondary Market Activities

  crisis, and find that GSE portfolio purchases did little to affect interest

  URL: https://www.federalreserve.gov/econres/feds/gses-mortgage-rates-and-secondary-market-activities-200630.htm
  



• The Fed - The FOMC's Use of Operational Targets: 85 Years and Counting

  crisis to today) is a notable break in operational targets from earlier

  URL: https://www.federalreserve.gov/econres/feds/the-fomcs-use-of-operational-targets-85-years-and-counting.htm
  



• The Fed - IFDP Notes - 2013

  crisis (GFC) of 2008-09, central banks in both advanced and emerging market

  URL: https://www.federalreserve.gov/econres/notes/ifdp-notes/2013-index.htm
  

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