Board of Governors of the Federal Reserve System

compared to last December, while construction activity was spotty. In ...prices for many key Midwest commodities have declined recently, which

key, heterogeneous, and time-varying determinant of the pass-through from...key results emerge: attention gates the individual-level impact of MP

for, in particular, endogenous market power and strategic competition ...key aspects of the economy such as the decline in firm entry. The transition

the “Proposal”) will have far- reaching dire consequences. Along with ...for. Undercapitalized banks, crashes, contagion, recessions and economic

the incentive to take excessive risk and the consequent reduction of market...key reforms that were designed, individually and in total, to limit the

compare available capital to a measure of the risks taken on. We see today...and, one could argue, only realistic possibility for construction of a

compared with the previous survey period. Price inflation for final goods...price increases. In particular, prices for fuel and some key construction

key financial statistics. Full paper (Screen Reader Version) Keywords:...the "price puzzle") and a delayed disinflation (a "hump"). A conservative

best, if not the best, in the world, but that should not make us complacent...and measure--that ever-present change. Naturally, markets work best when

best to address the original purpose—and preserve the effectiveness—of...compared the SCAP to a battlefield campaign, and while the financial crisis