Board of Governors of the Federal Reserve System

economic activity require the presence of shocks to offset the strength...economic weakness. A recent history of the model’s key identified shocks

economic and financial developments and issues related to possible policy...economic and financial developments and issues related to possible policy

Economic Adviser, Federal Reserve Bank of Minneapolis Messrs. Meek and

projections in the past two weeks had been in the management of the Treasury's...projections had gone astray. Mr. Rouse replied that there had been sizable

projections of the Board staff and those of the New York Bank. He reported...projections, in the hope that the estimates will be more useful to the

projections for the first half of 1973 continued to suggest that growth...projections for the first half of 1973 were very similar to those of 4

projections suggested that the current advance in real GNP, though moderate...projections reflected an expectation that final sales would continue to

projection suggested that, even if the President's 8/15/67 -2 fiscal program...projections for the second half of the year was the possibility of a strike

economic activity and capital formation. He does not believe such a step...economic policies with ours to prevent a "free fall." Furthermore, Tobin

Economic Adviser, Fed- eral Reserve Bank of Philadelphia Alexander L. ...Economic Situation The information reviewed at the December 14 meeting