Board of Governors of the Federal Reserve System

the tailoring rule).6 A number of the changes arising from the tailoring...two—the supervisory baseline and supervisory severely adverse scenarios

the ability to deviate from the programmatic pursuit of a fixed goal--...the market meltdown--in a manner also designed to limit another such event

prices respond and the current account start to narrow? To address these...key drivers of the U.S. external balance, they indicate that the current

Key Read Abstract IFDP 1977-112 November 1977 Approaches for Assessing...Price Level Under Fixed, Free, and Indexed Exchange Rates--A Monetary

Price and Takuya Ura for thoughtful suggestions. We thank numerous seminar...key prediction of the standard model of labor supply — that workers should

key industry segments softened somewhat. Consumer spending became more...key industry segments--notably steel and agricultural equipment--were

pricing decisions. In this setting, contrary to standard New Keynesian...leaning-against-the-wind principle in the NK literature with a novel,

best promote the Federal Reserve’s dual mandate of stable prices and maximum...prices. Often the answer to the policy questions in front of us at this

Price Index in the severely adverse and adverse scenarios, 2010:Q1-2016...Price Index Severely adverse Adverse Q1 2010 145.5 ND ND Q2 2010 144.4

compared to the previous 30-day period. Consumers remain price sensitive...compared to year-ago levels due to the cash-for-clunkers program. Looking