Board of Governors of the Federal Reserve System

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• The Fed - Search Frictions, Labor Supply, and the Asymmetric Business Cycle

  responses to shocks. DOI: https://doi.org/10.17016/IFDP.2022.1355 PDF:

  URL: https://www.federalreserve.gov/econres/ifdp/search-frictions-labor-supply-and-the-asymmetric-business-cycle.htm
  



• The Fed - Trade policies and fiscal devaluations

  response to VP in 2007. These findings cast doubt on fiscal devaluations

  URL: https://www.federalreserve.gov/econres/ifdp/trade-policies-and-fiscal-devaluations.htm
  



• The Fed - State and Local Finances and the Macroeconomy: The High-Employment Budget and Fiscal Impetus

  response of taxes and expenditures. State and local budget policies are

  URL: https://www.federalreserve.gov/econres/feds/state-and-local-finances-and-the-macroeconomy-the-high-employment-budget-and-fiscal-impetus.htm
  



• The Fed - Endogenous Business Cycles and the Dynamics of Output, Hours, and Consumption

  response function of output to demand shocks, and the forecastable movements

  URL: https://www.federalreserve.gov/econres/feds/endogenous-business-cycles-and-the-dynamics-of-output-hours-and-consumption.htm
  



• The Fed - Anticipations of Monetary Policy in Financial Markets

  response typically observed before that time. After identifying these

  URL: https://www.federalreserve.gov/econres/feds/anticipations-of-monetary-policy-in-financial-markets.htm
  



• The Fed - A Structural Measure of the Shadow Federal Funds Rate

  response. By contrast, forward guidance and other unconventional policies

  URL: https://www.federalreserve.gov/econres/feds/a-structural-measure-of-the-shadow-federal-funds-rate.htm
  



• The Fed - Better Bunching, Nicer Notching

  response to changes in slope (kink) or intercept (notch) of a schedule

  URL: https://www.federalreserve.gov/econres/feds/better-bunching-nicer-notching.htm
  



• The Fed - Borrowers in Search of Feedback: Evidence from Consumer Credit Markets

  response is concentrated among higher risk households. We rule out alternative

  URL: https://www.federalreserve.gov/econres/feds/borrowers-in-search-of-feedback-evidence-from-consumer-credit-markets.htm
  



• The Fed - Limited Participation in Equity Markets and Business Cycles

  response of consumption to monetary policy shocks. Accessible materials

  URL: https://www.federalreserve.gov/econres/feds/limited-participation-in-equity-markets-and-business-cycles.htm
  



• The Fed - Does the Labor Share of Income Drive Inflation?

  response to increases in the labor share. We show that the empirical evidence

  URL: https://www.federalreserve.gov/econres/feds/does-the-labor-share-of-income-drive-inflation.htm
  

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