Board of Governors of the Federal Reserve System

key variable in their analysis--the velocity of circulation of money, ...the-wisp reflecting independent changes in money and income. FS (p. 215

compares the optimal capital tax when human capital is accumulated exogenously...key empirical finding of Sims, Waggoner, and Zha (2008) as much as does

price stability is a key objective of monetary policy, the Federal Reserve...buy-and-hold investors, in contrast to nominal Treasury securities, which

and, if applicable, any specific examples of how this dialogue has led

binds—and (iv) the strategies rely on shorter-term promises. We discuss...and, after 10 years of sustained economic expansion, the federal funds

compare Compustat concentration ratios to their Economic Census counterparts...key identifies bars in order from left to right. Simple correlations of

and, accordingly, can know the price per unit. But what is the unit of...best to construct overall price indexes. They may have served our purposes

Key Developments in Monetary Policy, Washington, D.C. Share To fight a...the so-called stigma problem. To address this issue, in late 2007, the

for good reason, I think, as I will discuss later. The easing that spanned...best guess about where it ultimately wants the funds rate to be and would

for, potential losses. Finally, investors may seek to boost returns by...compared with historical norms for high-yield bonds, suggesting that investors