Board of Governors of the Federal Reserve System

key result: government-sponsored securitization, somewhat counterintuitively

prices for different payment methods. They also argue that networks and...the recipients of interchange fee revenue) and cardholders (who are beneficiaries

prices. To do that, we continuously monitor the health of the U.S. economy...And, in a troubling echo of the 1980s, farm incomes have now been cut

key parameters and assess model performance. The model suggests significant...key results. First, banks disproportionately reduce credit to new and

key economic variables. Such differences of opinion can be thought of

Board of Governors of the Federal Reserve System International Finance Discussion Papers ISSN 1073-2500 (Print) ISSN 2767-4509 (Online) Number

and in particular in the modeling of household and firm expectations for...key policy implications of macroeconomic models have, at least in research

key to implement higher progressivity in average than in marginal tax-and-transfer...once-and-for-all changes to the fiscal instruments and incorporate transitions

compared to peer group averages of other bank holding companies (BHCs)...key risks and vulnerabilities. The financial condition of the company

and in order to put the economic recovery on a firmer footing--the Federal...for example, measures of firms' hiring plans--have brightened a bit, raising