Board of Governors of the Federal Reserve System

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• The Fed - Fiscal Consolidation in a Currency Union: Spending Cuts vs. Tax Hikes

  key results. First, given limited scope for monetary accommodation, tax-based

  URL: https://www.federalreserve.gov/econres/ifdp/fiscal-consolidation-in-a-currency-union-spending-cuts-vs-tax-hikes.htm
  



• The Fed - Domestic Debt and Sovereign Defaults

  key empirical moments. Introducing domestic debt also yields relevant

  URL: https://www.federalreserve.gov/econres/ifdp/domestic-debt-and-sovereign-defaults.htm
  



• The Fed - Monetary Policy, Trend Inflation and the Great Moderation: An Alternative Interpretation - Comment

  key factor behind the Great Moderation. We revisit this finding with an

  URL: https://www.federalreserve.gov/econres/ifdp/monetary-policy-trend-inflation-and-the-great-moderation-an-alternative-interpretation-comment.htm
  



• Federal Reserve Board - A Note on the Removal of the Nonfinancial Business Sector in the G.19 "Consumer Credit" Statistical Release, Accessible Data

  Key identifies in order from top to bottom. This figure shows retail credit

  URL: https://www.federalreserve.gov/econres/notes/feds-notes/a-note-on-the-removal-of-the-nonfinancial-business-sector-in-the-g-19-consumer-credit-stats-release-accessible-20250708.htm
  



• The Fed - The Expected Real Return to Equity

  key variable in the decision making of investors. A recent literature

  URL: https://www.federalreserve.gov/econres/feds/the-expected-real-return-to-equity.htm
  



• The Fed - Financial Stability and Optimal Interest-Rate Policy

  key parameters, we also study optimal policy under parameter uncertainty

  URL: https://www.federalreserve.gov/econres/feds/financial-stability-and-optimal-interest-rate-policy.htm
  



• The Fed - Inflation Expectations and Recovery from the Depression in 1933: Evidence from the Narrative Record

  key events that shifted inflation expectations. Third, we gather new evidence

  URL: https://www.federalreserve.gov/econres/feds/inflation-expectations-and-recovery-from-the-depression-in-1933-evidence-from-the-narrative-record.htm
  



• The Fed - Bank Liquidity Hoarding and the Financial Crisis: An Empirical Evaluation

  key measures of banks' on-balance sheet risks, in addition to off-balance

  URL: https://www.federalreserve.gov/econres/feds/bank-liquidity-hoarding-and-the-financial-crisis-an-empirical-evaluation.htm
  



• The Fed - Heterogeneity and Unemployment Dynamics

  key driver of economic recessions and identify an increase in permanent

  URL: https://www.federalreserve.gov/econres/feds/heterogeneity-and-unemployment-dynamics.htm
  



• The Fed - Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?)

  And Should We?) Jeremy B. Rudd Abstract: Economists and economic policymakers...key determinant of actual inflation. A review of the relevant theoretical

  URL: https://www.federalreserve.gov/econres/feds/why-do-we-think-that-inflation-expectations-matter-for-Inflation-and-should-we.htm
  

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